A few weeks ago, Thailand’s Prime Minister, Aphisit Vejjajiva, announced that indeed foreign nationals are not permitted to engage in rice farming or livestock nor own or lease any agricultural land pertaining to such industries. It appears this announcement came about due to some serious interest by investors in the…
With regards to residential and commercial investors, it seems that most overlook the risks or indeed the liability caused by landfill sites in Phuket. The province of Saphan Hin is now at breaking point as the licensed landfill is increasing daily threatening nearby mangroes and agricultural land. In most due…
Proper Way To Own Property in Thailand When planning to own property in Thailand, doing some research is a must before going through with your purchase. In many cases, foreigners may think that the process is straightforward but there are many factors to take into account before taking the plunge….
Many foreigners end up extending their stay in the tropical haven that is Thailand. After spending a few months in cramped hotel rooms, a more desirable dwelling place is most often desired. However, since foreigners are not allowed to own immovable properties in the Kingdom, taking on lease of houses,…
A Ta.Bian.Baan or Tabien Bahn or “house book” is an administrative document that gives the address of the house and states the persons who live in it. A Tabien Bahn could, but does not need to, state the name of the owner. There are 2 types of Ta Bian Baan:…
It has been some months since we have last heard of the proposed Land and Building Tax bill that is currently being drafted by the Fiscal Policy Office. It was early in the year when the Finance Minister, Korn Chatikavanij gave the much anticipated announcement that the government is reassessing…
The Escrow Act B.E. 2551 (“Escrow Act”) came into effect on May 20, 2008. The Escrow Act applies to any reciprocal contract; although, it is not mandatory to use the services of an escrow provider. Prior to the Escrow Act, there were no specific escrow regulations in Thailand. Rather, the…
