When buying property in Thailand we highly recommend you use a reputable lawyer, do not under any circumstances try to go it alone as there are so many pitfalls, especially with the spoken and written Thai language interpretations. Foreigners may not own land in Thailand so legal mechanisms are used to overcome this situation and [...]

Here are some useful tips when wishing to sell your property or land:
Broker terms
Going with the broker that offers a smaller fee for a successful sale is false economy! We all have costs and how can a broker successfully market your property if he makes a very small margin? This means they are not [...]

When browsing to find the right holiday rental that suits you out of the huge choice on the internet we suggest that you follow some sensible guide lines:
1. The booking agent are they transparent and give you info on their company, if not don’t!
2. Do they have testimonials from satisfied customers?
3. Do they have Guest [...]

VAT’ how to do it
I have heard that many small businesses in Phuket – particularly restaurants and bars – are now being invited by the local tax officers to register for VAT. Therefore, I think it is a must that they have a clear understanding of the VAT laws that concern [...]

Taxpayers Rights
As a foreigner doing business in Thailand, you may know that you have a duty to register a tax ID, file tax returns, co-operate with the tax officers, and of course, you have to pay tax as assessed by tax officers ON TIME. Should a taxpayer fail to pay a [...]

What should you do when a Tax Officer comes to your office?
The Revenue Department has a policy to meet every company at least once a year in a “General Visit”. Most often the general visit will be a surprise visit and you will not be informed in advance.
In a general visit [...]

Here below are Accounting Tips and extracts from Khun Sirirat of Thai Accounting  www.thaiaccounting.com which for anyone running a business in Thailand will find invaluable.
I have to say that in real life accounting can be either an angel or a ghost, depending on how well it is managed. Accounting is hardly a favourite [...]

What is the minimum capital requirement to incorporate a foreign owned Limited Company?
The minimal capital requirement to incorporate a foreign owned Thai limited company will be 2,000,000 THB (Section 14 of the Foreign Business Act) if the foreign owned company exercises an activity that is not controlled under List 2 and [...]

Is Thailand open to foreign investment?
Absolutely, many foreigners are exempted from visas requirements and as you will see foreigners are welcome to invest in nearly all sectors of activities in Thailand without needing any prior authorization providing that they do a minority investment (less that 49% of a business shares in [...]

May a foreign citizen open a bank account in Thailand?
The answer is of course yes, or more accurately yes, but…
As a matter of fact the issue of the opening of a bank account by a foreign non-resident is one of the most confusing issues for foreigners in Thailand because there is a [...]

TRANSLATION of Thailand Condominium Act, including recent 2008 amendment. This translation is for INFORMATION purposes ONLY. This is a reasonably accurate translation, but the original Thai Condominium Act may have different wording or meaning. Consult a Thai condominium lawyer or obtain the legal services of a law firm [...]

Background
When purchasing property in Thailand. In order to transfer money used to purchase property or land back out of the country at a later date you will need proof from the bank that the monies were used for this purpose and you will need to get a Tor Tor 3 form or [...]

Hi, when planning on visiting Phuket for holiday or long stay we have all the information you could possibly need at our web site www.siamvillarentals.com
The aim is to provide you with the most comprehensive information on visiting, staying, and enjoying the beautiful island of Phuket [...]