Hiring a Lawyer in Thailand

Hiring a Lawyer in Thailand

General
While enjoying the warm weather of Thailand, among the least of your priorities as an expat-retiree is hiring the services of a law firm. This is understandable because your primary aim is to enjoy and make use of your stay in Thailand’s top tourist and expat drawing southern Thailand rather than worrying on legal matters that may even spoil your plans. However, in reality, you can never help it not because of a Thai law mandates you but your future transactions will eventually require you to hire one. Property Acquisition or Rental If you opt to rent or acquire a villa as your place to stay while in Thailand, you will really need to enlist the services of a law firm. You have to make sure that what you are…
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Types of Matrimonial Assets in Thailand

Types of Matrimonial Assets in Thailand

Family
Matrimonial properties and their attached rights of claims and ownerships may seem to be irrelevant if a couple is having a harmonious marriage. However, the same cannot be said if the said marriage will end in a divorce, the type of which that involves litigation, as one party may lay contentious claim over a property of the other spouse which was acquired before their marriage and the involve exchanges between the two opposing sides can be very stressful for anyone who is involved. First, there are two types of Matrimonial Assets in Thailand: (1) The Sin Suan Tua or personal property and (2) the Sin Simoros of the conjugal/matrimonial property. Sin Sua Tua A general characteristic of the Sin Sua Tua is this property has been acquired by a spouse…
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Dos and Don’ts for a Retiree in Thailand

Dos and Don’ts for a Retiree in Thailand

General
So you have identified Thailand as the ideal place for you to enjoy your life as a retiree. Well, you just made a good choice considering that Thailand has everything that every retiree like you needs like warm tropical weather, top class hospitals, good food and of course, great commercial centers. Also, in case you need an expert legal advice, you do not have to travel all the way to Bangkok to get one unlike some places frequented by expatriates where you need to travel to the capital or to a large city just to secure such legal advice. However, as a retiree in Thailand, you cannot just do everything you want. Even if you are contributing to the local economy with your spending, you are still bound to fully…
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The Thai Limited Company

The Thai Limited Company

Corporate
Of the types of company structures in Thailand, the Limited Company is among the most favorable for foreign business owners because of the limited liability on debts and losses of the owners of the company. The capital of the Limited Company is divided into shares and the liability of the shareholder is limited to the amount he infused. Under Section 1098 of the Civil and Commercial, the Memorandum of Association of the company must have the following characteristics: The unique name of the company must contain the word “Limited” and should be placed at the end of the name. The location of the company inside the Kingdom. The objects of the company. A declaration of the shareholder’s limited liability. The amount of share capital that the company proposes to register…
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Will and Testament Enforceable in Thailand?

Will and Testament Enforceable in Thailand?

Property
Drawing up a last will and testament seem to be a straightforward process. On a certain perspective, preparing one is as simple as formulating a draft of a thesis a paper and then submit it when the deadline comes. On another viewpoint, it is a piece of document that really has the potential to make or even break a family, depending on how the last will and testament is done, on the terms and conditions used and where it has been drafted for execution. When you transfer and make Thailand your new home, there is always a potential that you will be able to procure assets for you and your family, especially if you will be staying for a long time. Prior to your transfer in the Kingdom, you may…
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Due Diligence in Thailand

Due Diligence in Thailand

Property
When purchasing a property, be it in Thailand or in another country, conducting due diligence must be a standard practice. Any interested party has the right to know everything about the property, its attached documents and the background of the person or entity he is dealing with and due diligence can provide him with the right information. Surely, it entails expenses on the part of the person wanting to purchase a property but these expenses are necessary to minimize if not to extinguish any possibility of him spending more than what he should because of litigation costs and lawyers’ fees in the future coming from an ill-advised acquisition. It is understandable that property agents, developers or private persons dealing their properties may use convincing terms primarily because their aim is…
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