Thailand’s Foreign Business Act (FBA) of 1999 is a cornerstone of the country’s regulatory framework governing foreign investment and business operations. Designed to protect Thai industries and promote local participation in the economy, the FBA imposes restrictions on foreign ownership and control in certain sectors. For foreign investors and businesses seeking to establish a presence […]
Escrow accounts in Thailand is a financial arrangement in which a neutral third party holds funds or assets on behalf of two transacting parties until specified contractual conditions are met. In Thailand, escrow accounts are regulated under the Escrow Act B.E. 2551 (2008) and are commonly used in real estate transactions, business mergers, and international […]
Property Taxes in Thailand. Thailand imposes various property taxes on owners, buyers, and sellers, ensuring a steady source of revenue for local and national development. Understanding these taxes is essential for residents, foreign investors, and businesses navigating the Thai real estate market. 1. Types of Property Taxes 1.1 Land and Building Tax Implemented in 2020, […]
Property Lease in Thailand is a practical option for individuals and businesses, particularly foreigners, given the restrictions on land ownership. Governed by the Civil and Commercial Code, property leases allow lessees to use land or buildings for a specified term while ownership remains with the lessor. This guide explores the legal framework, process, costs, and […]
Child Support in Thailand. In Thailand, child support is a legal obligation to provide financial assistance for a child's care, maintenance, and upbringing. The issue of child support arises in cases of divorce, legal separation, or disputes between unmarried parents. Child support is intended to ensure that the child maintains a stable quality of life, […]
Child custody in Thailand is a critical aspect of family law, particularly in divorce or separation cases involving children. The Thai Civil and Commercial Code governs child custody matters, with decisions focusing on the best interests of the child. Whether the parents are Thai nationals, foreigners, or in mixed marriages, child custody issues must be […]