Usufruct in Thailand
A usufruct in Thailand is a legal arrangement that allows an individual (the usufructuary) to use and benefit from another person’s property while retaining no ownership rights. This arrangement is common for foreign individuals who cannot own land in Thailand but wish to secure long-term usage rights for residential or agricultural purposes. 1. Legal Framework […]
Escrow Accounts in Thailand
Escrow accounts in Thailand serves as a secure holding account managed by a neutral third party, usually a financial institution, to protect both parties in high-stakes transactions like property sales, business acquisitions, and construction projects. Governed by the Escrow Act B.E. 2551 (2008), escrow accounts are particularly valuable for international transactions, where mutual trust or […]
Thai Permanent Residency
Thai Permanent Residency (PR) is a long-term status allowing foreigners to live indefinitely in Thailand without needing to renew visas. It is particularly beneficial for individuals who want to establish themselves in Thailand for business, employment, or family reasons. However, obtaining PR status is a complex process involving strict requirements and a limited annual quota. […]
What is a Thai Will and Succession?
A Thai Will and Succession involves the legal process whereby a deceased person’s assets are distributed to their descendants. We can help you draft a legal plan that complies with Thai inheritance law. A public or secret will can be made by handwriting it and presenting it before a district official along with witnesses. In […]
Buying Property in Thailand
In Thailand, there are several types of properties that are available for sale. These include single houses, condos, and townhouses. Some of them are located in the city center while others are in the suburbs. Foreigners can purchase condominiums in Thailand with relative ease, provided that the percentage of foreign ownership does not exceed 49%. […]
Intellectual Property in Thailand
Navigating the intricate facets of Intellectual Property requires a deep understanding of regional laws and protocols. It also requires a trusted partner to steer you through potential pitfalls and complexities. Intellectual Property rights are legal protections for inventions; product designs; and copyrighted works. A robust IP strategy can strengthen foreign direct investments against prospective infringements. […]
Dispute Resolution in Thailand
Disputes are resolved in both domestic and international arbitration proceedings in Thailand. In general, it takes about a year to complete the legal process from filing a complaint to having a judgment rendered by the Supreme Court. At any time during a trial, judges can facilitate conciliation. They can also appoint outside conciliators to facilitate […]