When buying property, you need to ensure that all the details are correct. This includes the property title deed, legal status of the seller, and other important details. This will help you avoid any potential pitfalls in the transaction.
Before making any decision to purchase property, you should conduct a thorough investigation of the property and the developer or seller. This will help you avoid any unwanted surprises in the future and will save you money.
This process is necessary to ensure that all the legal and financial issues are resolved before you sign any contract. It can also give you an idea of the value and profitability of your investment.
A thorough investigation of the property will include a translation of the land title deed into English, and an analysis of any rights that others may have against the property. It will also include inquiries about sewage, telephone, and other infrastructure.
You should also consider the location of the property as fraudulent sellers often attempt to deceive their victims by claiming that the property is in a different region. This is especially true in Thailand where land scams are a common issue.
The property owner’s financial capacity should be checked as well, to ensure that they are capable of completing the project and paying for any unforeseen expenses. Additionally, they should be thoroughly investigated to see if they have any criminal or civil records that may affect the legal process of ownership.
Moreover, you should ensure that the property you are purchasing is in good condition. This will ensure that the investment will be profitable in the long run.
A property in Thailand is an exciting investment for many people. The country has a rich culture and beautiful landscapes. This makes it an attractive destination for expats and tourists alike.
In this country, there are many property developments that are available for sale. These projects range from residential properties to industrial sites.
These projects are usually constructed by developers who have a high level of experience in the industry. This allows them to provide an excellent service to their clients.
When a person purchases property in Thailand, they should make sure that they have the proper documents and permits to do so. These documents should be up to date and verified by a professional lawyer before the purchase is finalized.
This can be a tedious and time-consuming task, but it is necessary for ensuring that you are not wasting your money. A property lawyer can help you with this and other related transactions.
You can find a number of real estate agents in Thailand who will be able to assist you with this. These agents will be able to verify the status of the property and other relevant details, such as the property’s location and zoning laws.
A property lawyer will also be able to provide you with additional information about the local economy and the property market. This will help you determine the best time to invest in a property and will ensure that your investment is a success.
The Board of Investment is a government organization under the Prime Minister’s Office that promotes business in Thailand. In order to achieve this, they offer various incentives to international companies that are planning to expand or relocate to the country. These incentives include both tax and non-tax policies.
The process of obtaining a BOI promotion is straightforward and takes less than a week. It involves submitting the required forms to the Office of the Board of Investment. Once a company submits their application form, they should then schedule an interview with the relevant government body within 10 days to discuss the details of their project. This is typically done by a BOI officer who has charge over the company’s account.
There are many industries that qualify for a BOI promotion, and these range from technology and innovation to manufacturing and export. In addition, non-industrial businesses such as nursing homes for the elderly and movie productions are also promoted with certain incentives.
Generally, a BOI promotion will give the company access to a range of exemptions and benefits, including an import tax duty reduction, an exemption of corporate income tax for up to eight years and a decrease in taxes on dividends payable to shareholders. It may also provide deductions for transportation, electricity, water and the costs of installing a project’s infrastructure.
In order to obtain a BOI promotion, the first step is to register the company in Thailand. This requires a minimum of three shareholders, half of which must be Thai. The shareholders should be able to prove that they have the necessary capital to meet the company’s needs.
Once the registration has been completed, the company will be issued with a promotion certificate by the BOI. The certificate will detail the conditions that must be followed by the company during their operations in Thailand.
The certificate will also specify a process for bringing foreign workers to the company. This process, known as the ‘BOI Pre-Visa Approval’, is designed to allow companies to bring non-immigrants to Thailand with ease and without any hassle.
Before a BOI-certified company can hire foreign specialists, they will need to submit an application to the BOI for a special e-visa. This e-visa application will require an explanation of the reason for bringing the foreign employee to Thailand and how this will impact the company’s operation.
In addition, it must be proven that the foreign employee has specific expertise in the field. Similarly, it is important that the foreign employee has a good reputation with the local community and the industry they work in.
This can be demonstrated by providing a list of references. Additionally, it is recommended that the company sends a presentation to the Thai Consulate or Embassy in the country where they plan to hire the foreign employee.
Moreover, if the company is planning to send money abroad in foreign currency, it will need to get the permission of the government before doing so. The government will need to check whether the funds are being used for approved purposes and in accordance with Thai regulations. It will also need to ensure that the company follows all accounting and reporting requirements.