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How to Successfully Set Up a Medical Business in Thailand
In this video, we will guide you through the process of setting up a successful medical business in the vibrant country of Thailand. Whether you are a healthcare professional looking to expand your practice or an entrepreneur interested in the booming healthcare industry, we've got you covered.
At Reliance Consulting, we are experts in providing support to businesses in Thailand company registration. Feel free to get in touch with us to explore the various ways in which we can assist you in navigating the thriving Thai healthcare market. Take the first step towards your journey to success, register a Thai company today! We also offer other business services such as withholding tax Thailand and payroll services.
#register a thai company#company registration in thailand for foreign#thailand company registration#medicalbusiness#Youtube
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Start business in Malaysia, Thailand, Bangladesh with our consultancy service. https://www.sfconsultingbd.com/malaysia-foreign-company-registration-formation
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Company Registration in Thailand
Thailand, a Southeast Asian hub, beckons entrepreneurs. For those considering this venture, understanding company registration is key.
Foreign Ownership Allowed
Thailand welcomes foreign investment with limitations (49% ownership cap). Partnering with a local Thai shareholder is an option.
Limited Company: A Common Choice
The most common structure for foreign investors is a Thai limited company, offering benefits like limited liability.
** streamlined Registration Process**
Choose a unique company name.
Prepare registration documents.
Register with the Department of Business Development.
Open a corporate bank account.
Register for taxes and social security.
Seek Expert Help
A lawyer experienced in Thai corporate law can ensure a smooth process.
Beyond Registration
Complying with ongoing requirements like tax filings is vital.
Unlocking Potential in Thailand
By understanding the legalities and seeking guidance, company registration in Thailand can be a rewarding experience.
Visit our website for more information: https://www.attorney-phuket.com/company-registration-in-thailand.html
#company registration in thailand#corporate in thailand#corporate lawyers in thailand#lawyers in thailand#thailand
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Company Registration in Thailand
Thailand's economic potential and strategic location make it attractive for foreign investors. To establish a business presence, understand the company registration process.
Choose Your Business Structure: Select from limited company, branch office, or representative office structures.
Navigate Registration: Reserve a company name, prepare legal documents, register with the DBD, and obtain tax and social security registrations.
Key Considerations: Minimum capital requirements, foreign ownership restrictions, and visa/work permit needs all require attention.
Seek Professional Help: Consult a lawyer or utilize a business registration service to ensure a smooth process.
Choosing Your Business Structure
The first step involves selecting the most suitable business structure for your operations. The most common options for foreign investors include:
Thai Limited Company: This is the most popular choice, offering limited liability protection for its shareholders. It requires a minimum of two shareholders and one director, who can be foreign nationals.
Branch Office: A foreign company can establish a branch office to operate under the parent company's name. However, this structure offers less flexibility and limited liability protection.
Representative Office: This option allows a foreign company to conduct limited activities like market research and promotion, but cannot directly generate revenue.
Navigating the Registration Process
Once you've chosen your business structure, the registration process typically involves the following steps:
Company Name Reservation: Verify the availability of your desired company name through the Department of Business Development (DBD).
Prepare Memorandum of Association (MOA): This document outlines the company's objectives, share capital structure, and management details.
Statutory Meeting: Hold a meeting of the company's promoters (initial shareholders) to approve the MOA and appoint directors.
Company Registration: Submit the required documents and fees to the DBD for company registration. This may involve opening a corporate bank account.
Tax and Social Security Registration: Register your company for tax purposes and social security contributions.
Key Considerations
Here are some important factors to keep in mind throughout the registration process:
Minimum Registered Capital: The minimum registered capital requirement varies depending on the type of business and foreign ownership percentage. Consult with legal professionals to determine the applicable minimum.
Foreign Business Restrictions: Certain business sectors have restrictions on foreign ownership. Research any limitations relevant to your industry.
Visa and Work Permit Requirements: Foreign directors and employees may require visas and work permits to legally work in Thailand. Plan accordingly to avoid delays.
Seeking Professional Help
The company registration process in Thailand can involve legalities and complexities. Considering the following can ensure a smoother experience:
Consult a Legal Professional: An experienced lawyer specializing in Thai corporate law can guide you through the legalities, ensure compliance, and navigate potential challenges.
Engage a Business Registration Service: Several firms offer company registration services, handling the paperwork and liaising with government authorities on your behalf.
By understanding the different business structures, the registration process, and the importance of seeking professional guidance, you can approach company registration in Thailand with confidence. With careful planning and expert support, you'll be well on your way to establishing a successful business venture in the Land of Smiles.
Visit our website for more information: https://bangkok-lawyers.com/establishing-your-business-in-thailand/
#corporate in thailand#corporate#company registration in thailand#lawyers in thailand#legal in thailand
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Navigating the Labyrinth: Company Registration in Thailand
Thailand, with its vibrant economy and strategic location, has emerged as a popular destination for foreign entrepreneurs and investors. But before you set sail on your business venture in the Land of Smiles, navigating the complexities of company registration is crucial. This guide aims to equip you with the essential knowledge and steps to register your company in Thailand with confidence.
Company Types in Thailand:
Understanding the different company structures is the first step. Here are the most common types:
Limited Liability Company (Ltd.): The most popular choice for foreign investors, offering limited liability protection and a minimum of three shareholders.
Branch Office: An extension of a foreign company, operating under the same name and legal structure.
Representative Office: Limited in its activities, primarily focusing on market research, liaison, and promotion.
Essential Requirements:
Before embarking on the registration process, ensure you meet the necessary requirements:
Minimum of three shareholders: One of whom must be a Thai citizen or a juristic person with at least 51% Thai shareholding for most businesses.
At least one director: Can be a foreign national but must reside in Thailand.
Registered address: A physical office address within Thailand.
Step-by-Step Guide to Company Registration:
Company Name Reservation: Reserve your desired company name through the Department of Business Development (DBD) website.
Memorandum of Association (MOA) Preparation: This document outlines the company's objectives, capital structure, and shareholder details.
Statutory Meeting: Convene a meeting of shareholders and directors to approve the MOA and appoint company officers.
Company Registration: Submit the required documents to the DBD, including the MOA, minutes of the statutory meeting, and evidence of registered address and paid-up capital.
Tax Registration: Register for Value Added Tax (VAT) and Corporate Income Tax with the Revenue Department.
Social Security Registration: Register for social security with the Social Security Office if employing Thai staff.
Bank Account Opening: Open a corporate bank account for company transactions.
Additional Considerations:
Business Licenses: Depending on your business activities, you may require additional licenses and permits from relevant authorities.
Foreign Business Restrictions: Certain industries have restrictions on foreign ownership. Research thoroughly to ensure compliance.
Legal and Accounting Support: Consider professional assistance from lawyers and accountants to ensure smooth registration and compliance.
Timeline and Costs:
The registration process can take 1-3 months, depending on the complexity of the application and document accuracy. Costs vary based on company type, paid-up capital, and chosen service providers.
Benefits of Registering a Company in Thailand:
Strategic Location: Access to Southeast Asian markets and beyond.
Favorable Tax Regime: Competitive corporate income tax rates and tax incentives.
Skilled Workforce: Relatively low labor costs and a large pool of skilled workers.
Strong Economy: Stable and growing economy with a pro-business environment.
Conclusion:
Registering a company in Thailand can be an exciting and rewarding experience. By understanding the process, requirements, and benefits, you can navigate the journey with confidence and set your business on the path to success in the Land of Smiles. Remember, this guide is intended as a general overview, and it's crucial to consult with legal and professional advisors for specific advice tailored to your unique circumstances.
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📣You are invited to THAI x JAPAN STARTUP CONNECT 2023 🚀
Exploring #startup opportunity in Japan & Thailand Powered by Global Startup Center, Fukuoka City & Startup Thailand
Open for 3 startup teams with plans to expand business to Fukuoka City to pitch on stage.
📍The activity will be online via Zoom.
🗓 Thursday November 16, 2023
Register as contestants 👉 https://bit.ly/46G5yFH
Key Benefits:
✅Opportunity to present your business to Japanese partners.
✅Expand business network and presence domestically and internationally.
✅ Chance for business matching with Japanese partners, supported by Fukuoka City's Global Startup Center.
Qualifications:
✅ Focus sector: Fintech / Energy
✅ Thailand Company registration (can be owned by foreigners)
✅ You have previously received funding, at least in the #Seed stage.
✅ Traction = have at least MVP with proven sales record (can be pilot sales, etc.)
✅ Language = English
✅ You are interested in expanding your market into Japan.
✅ You are looking for Japanese partners.
(Startups can submit applications from now until October 20, 2023.)
Announcing the list of selected startups on October 24, 2023. Our staff will contact the selected startups via email and phone number from the application form.
🙋: If you have any questions, please contact Ms. Pacharawan Aksornsawas (Emmy)
📞: 093-137-4053
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Lianhua Qingwen capsule approved in the Philippines
On August 12, the Chinese Embassy in the Philippines issued a statement on lianhua qingwen jiaonang capsule obtaining the Philippine drug registration certificate.
The statement said that the Chinese Embassy in the Philippines is pleased to learn that the Philippine Food and Drug Administration has formally approved the Lianhua Qingwen capsule produced by China's Shijiazhuang Yiling Pharmaceutical Co., Ltd., making it a traditional Chinese medicine product officially registered in the Philippines. This marks important progress in the entry of traditional Chinese medicine products into the Philippine market, and the embassy welcomes this.
Lianhua Qingwen capsule is a drug approved by China's State Drug Administration for the treatment of light and common COVID-19. So far, the drug has been licensed in Hong Kong and Macao, as well as Brazil, Indonesia, Canada, Mozambique, Romania, Thailand, Ecuador, Singapore, Laos and other countries. The embassy hopes that when the drug enters the Philippine market, it can effectively slow down the spread of novel coronavirus and help mild patients recover quickly.
The Chinese Embassy hopes that Philippine consumers will purchase and use qualified traditional Chinese medicine products produced by regular manufacturers, and expect traditional Chinese medicine products to play a greater role for the Philippine government and people in fighting the COVID-19 epidemic.
The Foreign Affairs Office of the People's Government of Jiangsu Province of China donated a batch of Lianhua Qingwen capsules to the Xigang Special Administrative Region and entrusted the Xigang Special Administrative Region Company to distribute them to the needy employees and surrounding villagers in the region. After the drugs arrived, Cao Jianjiang, general manager of Xigang Special Economic Zone, and Jiang Kexing, assistant to the general manager, distributed the drugs.
Sokakada, head of Boreno County, Mizhan, head of Meadelang Township, and officials of the "one-stop" Administrative Service Center in the Sihanouk Port Special Economic Zone expressed thanks for the donation made by the Foreign Affairs Office of the Jiangsu Provincial People's Government, saying that this fully reflects the iron-like friendship between Cambodia and China. They hope that Xigang SAR companies will continue to lead enterprises in the region and consolidate the achievements in the prevention and control of the COVID-19 epidemic, and they will also continue to support the development of the SAR.
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Registering Your Business in Thailand
Do you want to grow your company in Thailand? If so, you must register your business. Perhaps you have a plan for expanding your firm. If so, if you are aware of the fundamental procedures in registration, you can make it work. If you are a foreign investor, Thailand is a fantastic place to do business. To find out how you can profit, read the following information.
Register a Business in Thailand
You should choose the kind of business you wish to start before you register it in Thailand. A corporation or limited firm can be established. Typically, limited companies are preferred by most business owners. This is so that the directors of the firm can submit applications for permits and because a limited company is simpler to form.
Legal authorities in Thailand claim that separating capital funding into shares is the process for registering a limited corporation. You must have three shareholders and promoters in order to register a limited corporation. They might be the same individuals. These three people have the ability to act as registrars, directors, and auditors. A Memorandum of Agreement must be written and submitted by the registrar.
At least one share is given to each promoter of the limited company, and the first share purchase price cannot be less than 25% of the specified sum. The promoters are required to set up the limited company's accounting in compliance with Thailand's Revenue Code. Each year, they are in charge of submitting balance sheets to the appropriate authority.
Although though a limited company is frequently the best option for foreign investments, Thai law still only allows for a small portion of the established shares to be owned by foreigners. The share allocation is therefore fixed at 51% for Thai investors and 49% for foreign investors.
The Role of the BOI and Its Influence with Foreign-based Businesses
The Board of Investment (BOI) in Thailand should assess your plans if you want to totally own your Thai business. You'll make life simpler for yourself if the BOI promotes your business. You can apply for work permits for your staff members in addition to receiving assistance with the necessary visa papers. Also, you are not taxed as a corporation.
The Board of Investment (BOI) in Thailand should assess your plans if you want to totally own your Thai business. You'll make life simpler for yourself if the BOI promotes your business. You can apply for work permits for your staff members in addition to receiving assistance with the necessary visa papers. Also, you are not taxed as a corporation.
Yet not every company can receive assistance from the BOI. If you wish to register a Thai company that is 100% foreign-owned, you need consult with a Thai lawyer. Applying for a BOI promotion can take some time because you have to interact with them frequently. The whole registration process, when you involve the BOI usually takes about 2 months.
After receiving support from the BOI, you need to present your financial sheets regularly for continued promotion. While you can set up this type of plan yourself, you will make fewer errors by collaborating with a lawyer and an accountant.
Sole Proprietorships
Sole proprietorships also register their companies in Thailand. In this case, the entity that is registered is owned by a sole owner who also serves as the business’s operator. While you can conduct business as a foreigner and sole proprietorship, you may find incorporation a challenge.
Partnerships
According to the civil and commercial code in Thailand, partnerships come in three forms. Not all of them are registered. Partnerships may be described as follows:
Ordinary Partnerships that are not registered
Limited Partnerships
Ordinary Partnerships that are registered
If you register an ordinary partnership, you need to register your company with the local authorities. This type of partnership allows the partners to keep the company’s legal duties, rights, and risks separate from the partners. If an ordinary partnership goes unregistered, it is not considered a legal entity. Therefore, all partners are responsible for mistakes or financial mishaps.
You also have limited and unlimited partnerships. While unlimited partners are liable for all debts and capital funding, limited liability partnerships are only held responsible for the amount of capital each partner contributed to the company.
While it is easier to register a partnership than a company, a partnership cannot apply for work permits. You also cannot open and oversee a corporate bank account under your business’s name.
Incorporating and Registering Your Company
If you do plan to incorporate and register your company, you need to go through the Department of Business Development in Thailand, also referred to as the DBD. The DBD features offices in the capital of Bangkok and other Thai provinces. Therefore, you can register your company through the DBD outside of Bangkok, if needed. Regardless of your company’s location, you can submit documents for registration at any DBD office.
If you need to make any registration changes, however, you will need to visit a DBD office where your company is established.
The Registration Process
If you own a sole proprietor or partnership, registration is fairly clear-cut and simple. However, if you own a limited company, you will need to submit more paperwork and follow more processes. Should you incorporate your LLC and register it, you will need to choose and reserve a business name in accordance with DBD guidelines.
After you choose and register a name, you will need to set up a meeting to incorporate your business, which will also lead to the drafting of a Memorandum of Association. Both the Memorandum of Association and application for registration should be submitted together. Always work with an attorney to make sure any registration goes as planned.
Visit our website: https://www.chiangmaiattorneys.com/registering-your-business-in-thailand
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Thai Limited Company Registration
There are numerous factors you should be aware of regarding the registration of Thai limited companies. This article will cover other conditions you must meet in addition to whether your company is Thai-owned or foreign-owned. The legal and tax requirements for establishing a company in Thailand are another thing you'll study. Naturally, there are several things that you must remember. Some of the most crucial considerations when establishing a new business in Thailand are listed below.
Thai Limited Company Thai Majority
A Thai Limited Company is a business that has at least three owners and one or more directors in charge of running it. According to Thai law, any group of three or more people can establish a limited company, although shareholders have very limited influence over how the company is run. Directors have obligations to the corporation and the shareholders under fiduciary law. The business has its own tax and corporation law statutes. Once registered, it will have Thai and foreign nationals as shareholders.
A Thai Limited Company is a distinct legal entity that typically operates for a long time, until its owners pass away or are no longer able to run the business. Thai Limited Companies are a non-dissolvable investment option that are frequently chosen above other types of investment in the nation. Directors in their branch offices, where day-to-day management is carried out, are chosen by the shareholders. This enables them to make significant investments while maintaining their financial stability.
Thai Limited Company Foreign-Owned
You might be asking how to set up a Thai Limited Company if you're thinking about launching a business in Thailand. It has a rather straightforward framework that lets you carry out a wide range of activities. A minimum of three shareholders are required to own a Thai Limited company. Each shareholder's liability is capped at the par value of their shares, and a board of directors oversees them. Some of the procedures for creating a Thai Limited Company are listed below.
Choosing the type of business you want to start is the first step. Thai Limited Companies are the most common corporate structure in Thailand for foreign-owned companies. These businesses are the best for a number of factors, including how simple it is for them to begin up and support foreign work permits. The BOI Company, which the Thai government is actively promoting, is the next most well-known company. These businesses provide significant financial incentives to foreign investors who opt to create them.
Thai Limited Company Registration Requirements
While registering a company in Thailand, there are a few things that foreign investors need to know to get a successful result. First, the name of the company must be unique and not match an existing company. Also, the company name cannot contain any words that could cause confusion for those who do not speak Thai. There are three main steps for Thai company registration. These steps are listed below. If you follow these steps, you can register your company with ease in Thailand.
When forming a company, you must have at least three shareholders and a minimum share value of 5 Baht. After registering your company, you can conduct business in other provinces as long as you have a Bangkok address. Once your company is registered, you can present your products to clients without permission or an office. You can also have an internet banking account for your company and a TOKEN device. You must present these items to the Revenue Department to register your company in Thailand.
Visit our website: https://thai-attorney.com/thai-limited-company-registration/
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Knowing the Rights of Minority Shareholders in Thailand
This video provides an overview of the rights of minority shareholders in Thailand.
Minority shareholders have important legal rights that protect them from being unfairly treated by majority shareholders or company management.
Planning to invest or register a thai company in Thailand? Get a professional advise from corporate services firm like Reliance Consulting. The firm is specialized in providing business services which includes auditing, accounting services, withhold tax, company registration in Thailand for foreign and local, payroll outsourcing and other business-related services.
Source: https://www.relianceconsulting.co.th/knowing-the-rights-of-minority-shareholders-in-thai-companies/
#company registration in thailand for foreign#register a thai company#thailand company registration#company registration#Youtube
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Setting Up a Company in Thailand
Setting up a company in Thailand can be a great way to tap into the country's growing economy and take advantage of its strategic location in Southeast Asia. However, it's important to understand the legal and regulatory requirements involved in establishing a business in Thailand.
The first step in setting up a company in Thailand is to obtain a business visa and work permit, which are required for foreign entrepreneurs who wish to operate a business in the country. The visa and work permit applications must be submitted to the Thai embassy or consulate in the entrepreneur's home country or at the Immigration Bureau in Thailand.
Next, the entrepreneur must choose a business structure that suits their needs. The most common types of business structures in Thailand are sole proprietorships, partnerships, and limited companies. A limited company is the most popular structure for foreign investors because it provides limited liability protection and is relatively easy to set up.
Once the business structure has been chosen, the entrepreneur must register their company with the Department of Business Development (DBD) in Thailand. This involves submitting a Memorandum of Association (MOA) and Articles of Association (AOA) to the DBD and paying the necessary registration fees. The MOA and AOA must include details such as the company's name, objectives, shareholders, directors, and authorized capital.
After the company has been registered with the DBD, the entrepreneur must obtain a tax ID number and register for value-added tax (VAT) and social security contributions. The entrepreneur must also obtain any necessary licenses and permits to operate their business, depending on the nature of their operations.
Overall, setting up a company in Thailand can be a complex process, and it's important to seek the advice of a qualified legal professional to ensure compliance with all legal and regulatory requirements. However, with the right guidance and support, establishing a business in Thailand can be a rewarding and profitable venture.
Visit our website: https://www.samuisolicitors.com/setting-up-a-company-in-thailand.html
#lawyers#law firms in thailand#companies in thailand#setting up company#business#law firms#attorneys#law firm in thailand
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Representative Office In Thailand
A Thai Representative Office must be established, which necessitates a few crucial paperwork and considerations. Read about the numerous forms of business companies that can be incorporated in Thailand, the minimum capital need, and the taxes of a Representative Office there. We will also go over each form of entity's benefits and drawbacks. Making the appropriate decision for your business is crucial for a successful launch.
Documents Required
There are a number of paperwork required if you want to open a Thai representative office. First and foremost, you need a local manager who can complete and sign the documentation. The representative office won't open for around a week after the paperwork is finished. You will need to provide your representative office manager with a power of attorney, a government-issued ID, and a household registration.
Contracts can be entered into on the head office's behalf by a Thai representative office. This indicates that it is capable of carrying out a variety of tasks, such as making purchases and providing services. Even manufacturing and construction are possible. Yet, the representative office is not allowed to sell goods under Thai legislation.
Minimum Amount of Capitalization
A foreign parent company must have a particular amount of registered capital in order to open a Thai representative office. Within a certain time frame, this capital must be moved to Thailand. The first quarter of the required registered capital must be transferred within the first three months of business, the second half within the first year, and the last quarter within the third year. Also, the representative office in Thailand must employ at least one accountant.
The Business Development Department will issue a certificate and registration number after receiving all relevant paperwork. This certificate is provided without cost. A representative office must provide Baht three million in capital within six months of receiving the registration number. The Business Development Department will also advise the company on the best corporate structure, how to obtain the required capital, and shareholder requirements.
Taxation of a Representative Office
When they oversee service firms for a foreign corporation, Representative Offices in Thailand are required to pay tax. These businesses are required to hire one representative and invest at least 3 million THB in the establishment of the representative office. While getting no compensation for its economic activity, the representative office must also pay tax on salary.
Limited non-trading operations, such as locating products for the main office and vetting their quality, are permitted by Representative Offices. Also, they might advise people about new goods or services and communicate with the corporate office on how the local branch of the company is doing. As a branch, the representative office must contribute to the operating capital of the main office.
Alternative to a Limited Company
A foreign representative office can be used as an alternative to a Thai limited company when opening a representative office in Thailand (FRO). A FRO does not need a foreign business license because it is owned and run by a foreign corporation. As a result, it is limited to doing cost-center tasks like marketing, sourcing, and quality assurance. Moreover, it is unable to sign documents or accept orders.
Foreign business owners who are not yet prepared to incorporate a limited company in Thailand might consider alternatives to a Thai limited company for setting up their representative office in Thailand. A representative office can be utilized as a branch office of a foreign corporation establishing its business in Thailand even though they don't engage in commercial activities.
Visit our website: https://bangkok-lawyers.com/representative-office-in-thailand/
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Property Contracts in Thailand
In Thailand, property contracts are an essential part of any property transaction. A property contract is a legally binding agreement between the buyer and the seller that outlines the terms and conditions of the sale, including the price, payment terms, and any other conditions or obligations that apply to the sale. Property contracts can be complex, and it is important for both buyers and sellers to understand their rights and responsibilities before signing any contract.
The first step in drafting a property contract in Thailand is to clearly define the property being sold. This includes a detailed description of the property, including the land size, location, and any buildings or structures on the property. It is important to ensure that the description is accurate and complete, as any discrepancies could lead to legal disputes down the road.
Next, the contract should outline the purchase price and payment terms. The purchase price should be clearly stated, along with any deposit or down payment that is required to secure the sale. The payment terms should also be clearly defined, including the timing and method of payment, as well as any penalties or fees that apply if the buyer fails to make payments on time.
In addition to the purchase price and payment terms, the property contract should also address any other conditions or obligations that apply to the sale. This can include things like transfer fees, taxes, and other legal or administrative fees that must be paid. It may also include provisions related to the transfer of ownership, such as the timing of the transfer and any obligations that apply to the buyer or seller during the transfer process.
One key consideration in drafting a property contract in Thailand is the use of a Thai lawyer. While it is possible to draft a contract without a lawyer, it is generally recommended to work with a legal professional who is familiar with the local laws and regulations governing property transactions. A lawyer can help ensure that the contract is legally binding and enforceable, and can advise both parties on their rights and responsibilities under the agreement.
Another important factor to consider when drafting a property contract in Thailand is the role of the Land Department. The Land Department is responsible for registering property transactions and ensuring that all legal and regulatory requirements are met. This includes verifying the ownership of the property, ensuring that all taxes and fees are paid, and registering the transfer of ownership with the department. It is important to work with a lawyer or other qualified professional who can guide buyers and sellers through the registration process and ensure that all requirements are met.
One potential issue to be aware of when drafting a property contract in Thailand is the use of a "Thai nominee." A Thai nominee is a person who is used to hold property on behalf of a foreigner, in order to circumvent restrictions on foreign ownership. While this practice is technically illegal, it is still commonly used in Thailand. However, using a Thai nominee can be risky, as the nominee may hold significant power over the property and could potentially cause legal problems for the buyer. It is generally recommended to avoid using a Thai nominee and to seek out legal alternatives for foreign ownership, such as leases or Thai company ownership.
In conclusion, property contracts are an essential part of any property transaction in Thailand. Buyers and sellers should work closely with a qualified legal professional to ensure that the contract is legally binding and enforceable, and that all legal and regulatory requirements are met. By carefully drafting and reviewing the contract, both parties can ensure that they understand their rights and responsibilities under the agreement, and can avoid potential legal disputes down the road.
Visit our website: https://www.phuket-solicitor.com/property-contracts-in-thailand/
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ALPFOREX Review: 5 shocking facts about this forex broker
ALPFOREX is a shady, unprofessional, and unreliable forex broker. The company uses false advertisement tricks and empty promises to lure in unsuspecting victims. Do not waste your time and money with ALPFOREX for it could be potentially dangerous and harmful to your finances.To get more news about alpforex review, you can visit wikifx.com official website.
Hong Kong’s securities, futures, and leveraged foreign exchange intermediaries are listed in the SFC’s register. You can easily check whether a certain broker is regulated by the Hong Kong Commission by simply searching its name on its registry. This is exactly what we did with ALPFOREX and it came as no surprise that it does not appear to be a regulated entity.
Another funny thing we noticed on their website is that most of the information is in Thai. Even more, they have a disclaimer specifically asking for a Thai bank account to be able to trade with ALPFOREX.
It’s obvious that ALPFOREX is an out-and-out scam, you better save your money and time for a broker who deserves it and will have your back. Similarly to the UK, Hong Kong offers significant assurances about the security of clients’ funds and has excellent legal requirements for forex brokers.Regardless of their claim to be offering the MetaTrader4 platform, ALPFOREX allows registration to only Thailand-based traders, therefore, we were unable to sign up and verify this claim.
Anyway, we recommend you save your time and money by looking for a reliable forex broker offering the MetaTrader platform. Traders benefit from the high performance and reliability of the MetaTrader platforms. MetaTrader4 and MetaTrader5 are two of the best and most efficient trading platforms available today.
ALPFOREX offers two account options including Standard and ECN accounts. The minimum deposit they require is quite affordable – USD 10 for both account types. Keep in mind that most legit forex brokers require a deposit of up to USD 200 to sign up and open an account with them. Therefore, ALPFOREX’s requirement falls within the range of a standard deposit requirement in the industry.
As for the spread, ALPFOREX promises an ultra-tight spread as low as 0.0 pips for ECN and 1.0 for a Standard account. Keep in mind that a standard spread is anything up to 1.5 pips. We understand that a low spread may be appealing to traders, but it’s not a solid reason to disregard all the red flags regarding the legitimacy of this shady forex broker.
There’s no need to compromise. The market is flooded with trustworthy brokers, offering both fixed and low spreads. You better check them out before investing your hard-earned money.
Additionally, ALPFOREX provides a bombastic leverage of up to 1:1000 on a Standard and 1:500 on their ECN account. Bear in mind that the Hong Kong-based legit brokers are required to restrict their offered leverage to up to 1:20. Now, we’ve seen countless fake forex brokers advertising their monkey business by promising high-leveraged trading. This is usually just another one of their dirty tricks to lure you into signing up with them. Such claims should be always taken with a grain of salt.
Unfortunately, the majority of novice investors don’t have the knowledge or experience to properly use high-leveraged trading. If you want to try high-leveraged trading, we suggest you choose a reputable forex broker that offers negative balance protection to back your account up if the market moves against your positions and your losses exceed the amount in your account. Prepare for the worst, and hope for the best, right!?
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Thailand is a popular destination for tourists and expats from around the world. To enter and stay in the country legally, foreigners must comply with Thailand's immigration laws and regulations. In this article, we will discuss everything you need to know about Thailand immigration.
Firstly, it's important to know that there are different types of visas available depending on the purpose of your visit. For tourists, a visa exemption or a tourist visa can be obtained upon arrival at the airport or embassy respectively. These visas allow foreigners to stay in the country for up to 60 days. It's also possible to extend your stay by 30 days at an immigration office or border checkpoint.
For those who want to work or study in Thailand, a work permit or student visa is required. These visas have more stringent requirements and take longer to process. For example, a work permit requires a job offer from a Thai employer and documentation from the employer, such as a company registration certificate and tax identification number.
Another type of visa available is the retirement visa, which is for foreigners aged 50 and above who want to retire in Thailand. To obtain th is visa, applicants must have a minimum of 800,000 baht in a Thai bank account or a monthly income of at least 65,000 baht. Health insurance is also mandatory.
To stay in Thailand long-term, foreigners can apply for a one-year visa extension. This can be done at an immigration office in Thailand or at a Thai embassy or consulate abroad. The requirements for a visa extension vary depending on the type of visa and the applicant's circumstances.
It's important to note that Thailand's immigration laws are subject to change, and it's recommended to consult with a reputable immigration lawyer or agency for up-to-date information and assistance.
Immigration procedures in Thailand can be complex, and there are some common issues that foreigners may face. For example, overstaying your visa can result in fines, deportation, and a ban from entering the country again. It's crucial to keep track of your visa expiration date and ensure that you have the necessary documentation to extend or renew your visa.
Another issue that foreigners may encounter is language barriers. While many immigration officers speak English, it's still recommended to have a Thai-speaking friend or interpreter accompany you to immigration offices and other government agencies.
In conclusion, Thailand's immigration laws and procedures can be complex, but with proper planning and preparation, foreigners can enter and stay in the country legally. It's essential to understand the different types of visas available, the requirements for each visa, and the process for obtaining and renewing visas. Consulting with a reputable immigration lawyer or agency can also help navigate the immigration system and ensure compliance with Thailand's laws and regulations.
Visit the website: https://www.thaiimmigration.org/
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🚀You are invited to join the event THAI x TAIWAN STARTUP PITCH 2023 under the topic "Exploring Taiwanese & Thailand startups’ opportunities"
Opening remark and activity’s objective clarification by Mr. Twekiat Janprajak, Executive Director, Thailand Trade and Economic Office
✨Opportunity to explore and seek access to support and benefits for startups interested in establishing or expanding a business in Thailand and Taiwan in the "Support for Foreign Entrepreneur" forum by Ideal Venture Studio, BOI Taipei office, and Global Startup Hub Thailand. Understanding the role of the NIA as the focal facilitator of Thailand's Innovation Ecosystem by Jittrapon Jirakulsomchok, Innovation Developer form National Innovation Agency.
📣Join the pitching stage from 3 Thai startups and 3 Taiwanese startups.
Thai Startup
1. Gaorai
2. Nabsolute Company
3. Eden Agritech
Taiwanese Startup
1. Mofun
2. Seneca
3. IoGYM
All 6 startups will receive business development advice in order to increase investment opportunities and market expansion both from Thai and Taiwanese investors
🔸 Sarun Sutuntivorakoon - President of Thai Venture Capital Association, Partner of N-Vest Venture.
🔸 Brandon Chiang - Prev.General Partner, Cornerstone Ventures
🔸 Tonu Yu - Partner, Mesh Ventures
🔸 Prof. Hank Huang - Professor and Director, Center of IAPS
Join this event for a great opportunity to understand the Asian market better!!!
📍Register to join at
We will add you to an event schedule in Google Calendar once we receive your registration. We'll send you the event link (Zoom) one week before the event and a reminder one day before.
📅Join us on Tuesday, January 17, 2023
⏰Time: 13.00 – 16.00 (TH Time) 12.00 - 17.00 (TW Time)
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