It take a lot of processes to get to Thailand as a foreign expatriate. Trust me, it’s worth it when you’re finally living in Thailand legally. Whatever your purpose is, you’ll surely have fun and learn something new when you’re in Thailand. more
As we have stressed again and again in this blog, preparing for your retirement is a must. You can’t just make that leap of faith without first finding out where you’ll be hitting your head against when you land. more
Being blacklisted is something that one should be keen about avoiding, especially when you’re a foreigner. When you’re blacklisted, you’re effectively barred from entering the country whose immigration authorities have marked you.
This means that, when you’re blacklisted in Thailand, you cannot visit that country anymore as long as the blacklist is still in place. It could be lifted in a few years or so, but you would’ve lost the opportunity to visit the Kingdom during the blacklist period. more
It’s not a surprise if you found love in Thailand. This country is so beautiful, and full of equally beautiful people as well, inside and out.
However, it’s not also far-fetched that the marriage might not work out as well as you expected when the two of you first fell in love. As they say, if the relationship is hurting you, it’s time to leave. Perhaps, that’s why some couples suddenly choose to divorce despite the good start.
You know how difficult that is. You’ve already built a life together with your partner, only to see it crumble down and fall apart. Now, each of you will have to go your separate ways and start a new life apart from one another.
This comes, of course, with some legal repercussions. When you marry, anything that you acquire afterwards is considered conjugal property. Now, when the divorce is granted, you’re suddenly left with a lot of stuff whose ownership are suddenly put into question!
What can you and your spouse do? Here are some tips to surviving a divorce in Thailand.
As mentioned in this article, there are two types of divorce in Thailand. These are, namely, the uncontested and contested divorce.
You pick this one according to how you and your spouse are amicable with some of the concerns in dealing with a divorce. If the two of you have agreed on something already, you could go the uncontested route. In an uncontested divorce, all you need to agree on is that you want a divorce and it is then granted to the two of you.
If there are concerns that the two of you cannot agree upon amicably, then you and your spouse will have no choice but to go through a contested divorce proceeding. In here, you’ll have to establish through a judicial process that a divorce is warranted.
This means that you and your lawyer will have to demonstrate that there is cause for divorce, by proving that one of the parties, or even both, has committed an offense that falls under the grounds for such a legal action.
Bear in mind, however, that contested divorce is lengthy, costly, and somewhat embarrassing for yourself and your spouse. If you can work stuff out by yourselves, then do so. It will save you time and money.
Provided that the two of you have already settled on a prenuptial agreement, the process will become even faster. That’s because the prenuptial agreement will lay down the terms through which the delineation of ownership of both conjugal and non-conjugal properties in the case of a divorce will proceed.
Divorce is indeed a very difficult situation to get yourself into. Nobody plans for a divorce, but it doesn’t really hurt to be ready. In this case, being ready means having the information that you need in order to deal effectively with the situation.
Want to read more articles like this? Check our Blog site.
As a foreigner, finding love in Thailand and deciding to tie the knot is a beautiful thing. However, you’d also need to look beyond the emotions and see what legal stuff as well as some traditional customers you need to know about before you get married. more
It is common knowledge that Thailand’s government has been passing new rules regarding visas for foreigners who wish to enter Thailand. This is part of an effort to crack down on border runs and tourists who stay beyond the time allowed by their visas. more
Phuket is more than just an island paradise for tourists. It also represents an excellent hub for investment in the country, especially for foreign expatriates who are simply looking to make good use of their retirement money.
Considering that Phuket attracts a great majority of foreigners, it makes sense that foreign expatriates will want to get on in the market of providing for the needs of their fellow foreign retirees as well as tourists. After all, you know your countrymen’s tastes and preferences best for you are one of them.
What are the opportunities for investment that foreigners can invest in in Phuket, Thailand’s popular island province?
Real estate remains the best opportunity for foreigners to earn money from. If one’s resources are big enough, they can create a corporation together with other foreign expats and some local partners to create enough funds to start a company or purchase an existing real estate property in Phuket. There are so many commercial opportunities involving real estate in the island.
One can also earn money in residential real estate properties, particularly condominiums. Condos are the only forms of real estate that foreigners can invest in as individuals. Thai law is strict about that – foreigners cannot purchase land unless they are bought under the name of their spouse or in the name of a corporation.
What can one do with a condominium? Aside from that fact that they could live in it, they could also put it up for long-term lease for other foreigners. Leases are legal contracts that bind people to paying you for use of your property every month. It’s almost like rent, but leases are for the long term and usually involves more capital.
The hospitality industry is a good market to enter into if you’re looking to invest money into the Thai economy, especially through Phuket. Many tourists visit the area, and there’s no shortage in demand for establishments that can cater to their needs.
It might be a good idea to find some local, together with foreign, partners who can help you out in establishing a business in this market. It would require fusing together a significant amount of capital and expending an immense amount of time in pursuing the requirements. However, it would be well worth once the business starts seeing a return of investment (ROI) for you and your partners.
Take note that you shouldn’t short-circuit the law in anyway. When you get local partners, make sure that you give them voting rights and you let them fuse their own capital into the business. Never fall for the trap of nominee shareholdership, as it is totally illegal for foreign businessmen to tap into.
There are so many other opportunities that foreigners could invest in once they set their sights into retiring in Phuket. That’s the beauty of Thailand’s most popular island province – not only do you get a wondrous “paradise” to live and breathe in, you also get an excellent market that you can invest in and earn money from.
Want to read more articles like this? Check our Blog site.
For starters, we’d like to congratulate you on your choice of choosing Thailand as the place in which you’ll be retiring to. The Kingdom is a very beautiful land, full of equally beautiful people, and plenty of opportunities for foreign expatriates like you! more