Board of Investment in Thailand
Posted in Phuket

FBA and BOI in Thailand

FBA (FOREIGN BUSINESS ACT) According to the Foreign Business Act of 1999 (the “FBA”), there are three types of business activities: List 1: Business Not Permitted to Foreigners (Publishing and broadcasting, agriculture, forestry, fishing and trading in real property, etc.) List 2: Business Permitted to Foreigners under Conditions (National security,…

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Leasing Property
Posted in Phuket

Leasing Property in Phuket

In Phuket, foreigners interested in investing in property have limited options: they are not permitted by law to own land and the only property they can directly acquire are condominiums. However, they cannot own more than 49% of the value or area of the whole condominium project. Leasing land is another way…

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Attorneys in Phuket
Posted in Phuket

Owning Land in Phuket

One common question that always comes to the mind of expatriates has been the limited ownership of property in Thailand. You may note that there are restrictions to ownership. Basically, you would need to sign a document that you have no claim on the land which your wife is buying…

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