The condominium is the ideal investment for any foreigner in Thailand. It’s the only the form of real estate that expats and foreign retirees can place their money into, as according to the laws of Thailand. The 1979 Condominium Act of Thailand lays out the rules for foreign ownership of condominium units in the country.
Just in case that you do not remember, click here to refresh your knowledge on what the law says about foreign condominium ownership.
Thailand’s land laws are undeniably restrictive to foreign ownership except for condominium properties. The Condominium Act of Thailand allows foreigners to purchase a condominium property within the prescribed limitations. But even as purchasing a condo is the easiest way for a foreigner to own a property in Thailand, if they are not careful, they might fall into traps which they failed to see as coming. more
The Board of Investment prescribes additional tax incentives offered to encourage the development of skills, science technology, and innovation under the STI (Skill, Technology and Innovation) scheme, to which the following criteria are applied. more
As in any country in the world, the government of Thailand has established terms and conditions protecting the interests of both the Employer and the Employee. Thailand’s Labor Protection Act 2541 (1998) of the Department of Labor Protection and Welfare defines the rights of employees and the obligations of employers. Under the provisions of the Act 2541, all employers must define the terms of employment for their staff. Employers with 10 or more regular employees are required by law to specify working rules and regulations – a copy of which must be submitted to the Department of Labor Protection and Welfare and posted on the work premises. more