Thailand Lawyers

For businesses looking to expand into Southeast Asia, Thailand beckons with its thriving economy, strategic location, and a helping hand from the Thailand Board of Investment (BOI). Let's delve into the BOI's role in propelling business success in Thailand. Who is the BOI? Established in 1966, the BOI is a government agency under the Prime Minister's Office. It acts as a one-stop shop for foreign investors, offering a range of promotional packages to incentivize investment in targeted industries and activities. What Does the BOI Offer? The BOI's primary aim is to attract foreign direct investment (FDI) that contributes to Thailand's economic and technological development. To achieve this, they provide various incentives, including: Corporate Income Tax Exemptions: BOI-promoted companies can enjoy partial or complete exemption from corporate income tax for a set period. Import Duty Exemptions: The BOI may waive import duties on machinery, equipment, and raw mater...

Thailand's stunning landscapes, rich culture, and welcoming atmosphere make it a popular destination for property investment. However, foreign ownership of land in Thailand is restricted. This is where leasehold property comes in, offering foreigners a path to owning a piece of Thai real estate. Understanding Leasehold: In a leasehold agreement, you purchase the right to occupy and use a property for a predetermined period, typically 30 years. The land itself remains owned by the lessor, usually a Thai citizen or a Thai company. While you don't own the land, you can enjoy full ownership rights over the building or structure on it. Benefits of Leasehold Property: Accessibility for Foreigners: Leasehold offers foreigners a way to invest in Thai property, unlike freehold ownership restricted to Thai nationals. Wider Property Options: Leasehold opens doors to a broader range of properties, including condominiums, villas, and townhouses, which are more readily available on lease...