If you are going to be starting a business in Thailand then you will need to have a work permit to operate the business. Certain employment positions are not allowed to be held by foreigners in Thailand. The list of prohibited professions are as follows and listed on this website.
Recent law changes in Thailand had added high penalties for both the employers and individuals working illegally in Thailand. Before you start working in Thailand you need to apply and have the work permit in hand. some are of the belief that the business visa is a work visa and allows you to work in Thailand. This is incorrect. Speak to our attorneys in Phuket about obtaining a work permit for your business in Phuket if you are starting a business. The work permit application can take anywhere from 1 week to 3 weeks to be issued. Note that working is prohibited in Thailand until such time that the work permit has been issued.
The following documents are needed to apply for a Thai work permit:
Call us today toll-free for more advice about starting a business in Thailand and how best to obtain a work permit in Thailand for your business. Walk into any of our offices in Thailand for more information and assistance.
Leasing property in Thailand normally comes in 2 forms. The first being informal where people normally agree to the monthly rental and provide 1 months deposit or 3 months rental deposit and this runs on a month to month bases. Others are long term agreements and these normally need to be registered against the property.
Foreigners in Thailand are allowed to lease immovable property such as leasing a house or villa and this lease if it is over 10 years needs to be registered on the Title Deed as the lease owner at the Land Office in Thailand. Any long term property in lease Thailand must be registered with the Land Department. If you are not buying property as a foreigner then you can obtain a 100% interest in a property lease in Thailand. The maximum lease term available in Thailand unlike Hong Kong is 30 years. This normally comes with an option to renew for an additional 30 years or to buy the property after the lease agreement. Each lease renewal just as before must be registered at the Land Department against the Title Deed and for each new lease registration government taxes will be levied. Under certain circumstances (see the BOI rules), land or property for industrial or commercial purposes may be leased for up to 50 years by a foreigner.
There are a number of obstacles in Thailand facing foreigners and expats who wish to buy land or even purchase real estate in Thailand and therefore most expats in Thailand choose to lease property being that most rent a condo on a 30 year leasehold with an option for extension or purchase. Remember that a lease stays valid when land or property is sold. If you are moving to Phuket then speak to our property attorneys in Phuket for more information and the property and real estate options available to you in Thailand. Call us today toll-free or walk into our offices in Phuket or anywhere in Thailand.
