Best Investment Lawyers in Surat Thani

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Fairfax Law Firm Company Limited

Fairfax Law Firm Company Limited

Surat Thani, Thailand

Founded in 2020
5 people in their team
About Fairfax Law FirmHere's a little information about Fairfax Law Firm. We are based in Koh Phangan, Thailand and are a team of licensed lawyers,...

Thailand Investment Legal Questions answered by Lawyers

Browse our 3 legal questions about Investment in Thailand and the lawyer answers, or ask your own questions for free.

Breech of contract
Our firm (SB Law Asia) are experts in Thai company law and in litigation and dispute resolution.   We would be happy to provide you with a free consultation.  Please contact us via e-mail at:  [email protected] or by phone at:  082-256-3165.
Can a foreigner buy a condo unit in Thailand?
Real Estate
There is no limitation in terms of nationality, and as such, any foreigner legally admitted to entering the Kingdom can buy a condominium which is generally a freehold property. It should be noted that foreigner-owned condominium units should not exceed 49% of the total space of the condominium project. Other restrictions may be applicable.
Can a foreigner purchase land in Thailand?
Due to Thai property laws, a foreigner cannot directly purchase land in Thailand; however, there are other alternatives if you wish to pursue this option. The options include; using a company, as foreigners can own land in Thailand if it is the name of a Thai company; exploring investment options related to the Board of Investment Promotion (BOI); or placing the land in the name of your Thai spouse. It is advisable to contact a lawyer to navigate the various options.

About Investment in Surat Thani, Thailand

Surat Thani is one of the rapidly growing provinces in Thailand where investment opportunities are vast - ranging from property, business, tourism industry, to renewable energy. It's strategic location, robust economy, and friendly business environment make it the region of choice for foreign and domestic investors. The Thai Government's 'Thailand 4.0' policy strategy also aims to attract more investment, thereby creating a high-value economy.

Why You May Need a Lawyer

Investing in Surat Thani, or any foreign jurisdiction for that matter, exposes an investor to a set of laws and regulations unfamiliar to them. Legal assistance becomes invaluable in cases such as negotiating agreements, seeking investment approval from Thai authorities, registering businesses, understanding taxation, or even navigating complex real estate transactions. In essence, a competent lawyer can guide an investor through the complexities of the legal system and prevent potential legal pitfalls that may arise during the investment process.

Local Laws Overview

In Surat Thani, as with the rest of Thailand, foreign investment laws have specific restrictions, particularly when it comes to land and property ownership. The Foreign Business Act is one of the primary legislations governing foreign investment. It identifies the types of businesses that can be undertaken by foreigners. The Land Code Act and the Condominium Act are fundamental for property investments, dictating the guidelines concerning land and condominium ownership by foreigners. There are also specific environmental laws like the Environmental Quality Act, which may affect certain businesses, particularly in the tourism sector. Additionally, the Board of Investment (BOI) laws might be equally important as they may provide certain investment incentives for specific sectors.

Frequently Asked Questions

Can foreigners own land in Surat Thani, Thailand?

Under Thai law, foreigners are generally prohibited from owning land. However, they can own buildings and structures upon the land. There are also ways to securely and legally control land, such as a long-term lease or establishing a Thai Limited company.

What benefits can the Board of Investment (BOI) provide?

The Board of Investment (BOI) promotes certain types of businesses that are beneficial to the Thai economy. Such businesses may be granted incentives like corporate income tax exemption, import duty exemption or reduction, and others. It is a case-by-case situation, and the business must apply and meet certain requirements.

What taxes are applicable for businesses in Thailand?

General taxes applicable for businesses operating in Thailand include corporate income tax, VAT, withholding tax and specific business tax. However, note that the tax laws can be complex and may vary depending on the nature and scale of your business. It's always a smart move to engage a local accountant or tax lawyer to navigate these laws efficiently.

Additional Resources

Government bodies like the Thailand Board of Investment and the Department of Business Development provide useful resources for investors. Legal firms specializing in Thai business law can also offer valuable insights and guidance. Additionally, the Surat Thani Chamber of Commerce organizes activities and seminars beneficial to potential investors.

Next Steps

If you require legal assistance related to investment in Surat Thani, Thailand, start by identifying a reputable law firm that has a specialty in the investment field and good knowledge of Surat Thani's local context. Prepare all your relevant documentation and outline your investment plan in detail. This will aid your lawyer in providing accurate and efficient advice catering directly to your needs. Remember, investing in legal advice at the start of your venture can preemptively avoid complications, saving you time and resources in the long run.

The information provided on this page is intended for informational purposes only and should not be construed as legal advice. While we strive to present accurate and up-to-date information, we cannot guarantee the accuracy, completeness, or currentness of the content. Laws and regulations can change frequently, and interpretations of the law can vary. Therefore, you should consult with qualified legal professionals for specific advice tailored to your situation. We disclaim all liability for actions you take or fail to take based on any content on this page. If you find any information to be incorrect or outdated, please contact us, and we will make efforts to rectify it.