Share your needs with us, get contacted by law firms.
Free. Takes 2 min.
Browse our 3 legal questions about Investment in Thailand and the lawyer answers, or ask your own questions for free.
Wang Thonglang is a vibrant district in Bangkok that has become increasingly attractive for both local and foreign investors. Investment law in Wang Thonglang, as elsewhere in Thailand, is governed by national regulations but must also consider specific local ordinances and practices. The Thai government encourages investment to boost economic growth and offers incentives in certain industries. However, investors must navigate strict legal frameworks involving licenses, permits, property ownership, and compliance with Thai business law. Whether you plan to invest in real estate, open a business, or partner with local companies, understanding the legal environment is crucial for success and peace of mind.
Legal advice is essential when making investments in Wang Thonglang, particularly for those unfamiliar with the Thai legal system. Here are some common scenarios where a lawyer can help:
Investing in Wang Thonglang requires compliance with Thailand’s legal framework, which includes specific statutes and regulations that apply locally. Some key legal considerations include:
Foreigners cannot own land in Thailand, but they can own condominium units (up to 49 percent of total units in a building) and lease land or property for up to 30 years, with possible renewal options.
Foreigners can own businesses not restricted under the Foreign Business Act. Some sectors require majority Thai ownership unless promoted by the BOI or other authorities, which can grant exemptions.
Register a legal entity such as a limited company with the Department of Business Development, secure required licenses, obtain a tax ID, and comply with local zoning, health, and safety regulations.
Yes. The BOI offers tax breaks, relaxed foreign ownership rules, and other incentives for businesses in targeted sectors, such as technology, manufacturing, and tourism.
Yes. Foreign nationals who work in their own company must obtain a work permit and a non-immigrant business (B) visa before starting business activities.
Disputes can be brought to local civil courts, or resolved by arbitration if the parties agree. Legal representation is strongly recommended for effective dispute resolution.
Corporate income tax and value-added tax (VAT) are the main taxes. Personal income tax applies to individuals. Some tax exemptions or reductions may be available for promoted projects.
Ignoring regulations can result in fines, revocation of licenses, refusal of permits, or criminal prosecution. It may also jeopardize your investment and personal assets.
Absolutely. Due diligence helps uncover risks, verify ownership, review legal compliance, and assess liabilities before completing a transaction.
Thai authorities have increased scrutiny on nominee arrangements and shell companies, which are illegal if used to circumvent foreign ownership laws. Professional legal advice is crucial to avoid serious penalties.
- Department of Business Development (DBD) - For business registration and company laws - Thailand Board of Investment (BOI) - For investment incentives and guidelines - Thai Real Estate Information Center - For market data and legal information on property - Bangkok Metropolitan Administration (BMA) - For local permits and zoning information - Law Society of Thailand - For finding certified lawyers specializing in investment law - Industrial Estate Authority of Thailand - For industrial and commercial projects
If you are considering making an investment in Wang Thonglang, follow these steps to protect your interests:
Legal issues can arise at any stage of your investment journey. Engaging a trusted legal advisor early in the process can help you navigate complexities, avoid costly mistakes, and achieve your investment goals safely in Wang Thonglang, Thailand.
