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Thailand Real Estate.
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Thailand Real Estate.
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Frequently Asked QuestionsQuestions:I want to buy some land and build my own home, how do I go about it? Can a foreigner buy land in Thailand in his own name? How do I buy property in Thailand? What are the land owning laws in Thailand? What are the differences between a tourist Visa & Non-Immigrant Visa? What is a Thailand Non-Immigrant Visa? How can I get a One Year Multiple-Entry Visa? How do I permanently Stop Visa Runs? What are Requirements for a Non-Immigrant B (Business Visa)? Remember to apply for a re-entry permit? How do I as an American citizen get a Thai Non-Immigrant Visa? Is a foreigner allowed to work right after he has filed a work permit application? How many shareholders are required under Thai Law? What is the income tax rate in Thailand? What is the Thai income tax imposed on a foreign juristic person carrying on business in Thailand? Is there a specific capital gains tax in Thailand? Is there a sales tax in Thailand? Who pays costs of property purchase? What are the costs involved in making a property purchase? What do property costs average on a property purchase? Answers:I want to buy some land and build my own home, how do I go about it? Can a foreigner buy land in Thailand in his own name? How do I buy property in Thailand? What are the land owning laws in Thailand? How do I form a Thai company? What are the differences between a tourist Visa & Non-Immigrant Visa? A tourist visa is valid for 60 days and can be extended 30 days at the nearest Immigration Office. If you need to extend your tourist Visa, please contact us now. Non-Immigrant Visa (usually come with Multiple-Entry) is valid for 12 months. With this visa type you will need to exit and enter Thailand at least every 90 days to get a new entry stamp allowing you to stay a further 90 days. This is normally called a"Visa Run". We can help you stop Visa Runs permanently! What is a Thailand Non-Immigrant Visa? The Non-immigrant visa is of special importance, being the only visa for foreigners temporarily staying in the kingdom that entitles them to apply for work permits. Approval or rejection of application for work permits is done according to the 1978 foreign labour act, section 11, which states that "Foreigners applying for a work permit according to section 7 must be residents of the kingdom or have received permission to temporarily stay in the kingdom according to the immigration laws. They must not have received permission to stay in the kingdom merely as tourists or on transit..." Common Non-Immigrant Visas has several categories depending on the purpose of your visit, however the most common are: • Business visa (B) for those who want to conduct business in Thailand • Retirement for those who want to retire and stay in Thailand • Dependent visa (O) Getting a Non-Immigrant Visa outside Thailand The easiest way to obtain a Non-Immigrant visa is to apply in your home country before arriving in Thailand. UK , Europe, and Australia are known for being more generous and co-operative than Thai Embassies or consulates in Asia . Always bring 2 passport size photos with you when applying for a Thailand visa. How can I get One Year Multiple-Entry Visa? Your best choice is to obtain a Multiple-Entry Non-Immigrant visa type B (Business Visa) which is valid for 12 months. With this visa type you will need to exit and enter Thailand at least every 90 days to get a new entry stamp allowing you to stay a further 90 days. We can help you get Non-Immigrant Visa Type B (Business Visa) by the following options:
How do I permanently Stop Visa Runs? Suppose you already have a Non-Immigrant Visa (i.e. Business Visa) and suppose you are already in Thailand for 60 days, so now what do you do? The Immigration Bureau of Thailand states that"if the holder of a non-immigrant Visa reports to and informs the Immigration Bureau of Thailand in approximately every 90 days (before his/her first 90 days expires), the Immigration Bureau will allow non-immigrant visa holders to stay in Thailand for another 90 days without exiting and re-entering Thailand!" Siam Legal Advice can represent you filing a notice to the Immigration Bureau and, you will be allowed to stay for another 90 days without crossing the border time and again! So, you can now stop your Visa Run permanently! What are Requirements for a Non-Immigrant B (Business Visa) ? A foreigner, who wishes to apply for a Non-Immigration Visa under type B (Business), needs to meet one of the following requirements: • Be employed by a Limited Company, in such case, the foreigner needs to have applied for a Work Permit and received approval from Department of Labour or; • Investing a minimum of 3 million Baht in the Kingdom of Thailand by Note: The foreign national must permanently possess the investment. If he wishes to change the kind of investment, he must first ask for permission to change the kind of investment and may then change to a new permanent type of investment. Advantages of Getting Non-Immigrant B (Business Visa):
Remember to apply for a re-entry permit? In the case where an alien who holds any kind of Visa for stay in the Kingdom wishes to travel abroad, the alien must apply for a re-entry permit before their visa expires. A re-entry permit allows the alien to How do I as an American citizen get a Thai Non-Immigrant Visa? Contact us for more detail usavisa@siamrealestate.com How do I get a Work Permit? We assist in securing Thailand work permits for qualified individuals employed by qualifying employers and the process is as follows:
Factors to be aware of: • You must be present in Thailand on a non-immigrant status entry permit, on both the day your work permit application is submitted, and the day it is picked up. • Your work permit will expire on the same date as the Visa entry permit you use to pick up your work permit. This generally means that your first work permit – if issued against a 90 day entry Visa permit, will have only 10 weeks validity, once issued. Most clients will need to use work permit to apply for extended entry permit – and once that entry permit extension is issued, apply for a renewed work permit whose expiration date matches the new entry permit. • In most cases, for each work permit issued to a foreigner, the sponsoring company must have 2 million baht capitalization, and at least four Thai employees. If a company has four Thai employees, plus 2 million baht paid-in capital for each work permit requested, it is normally very easy to obtain a work permit. • A job description is often the determining factor in the approval or denial of a work permit. Unless the written job description requires skills that a Thai does not or is unlikely to possess, the application will not be approved. Our licensed Thai lawyers are skilled in writing professional and accurate job descriptions in order for you to gain quick approval. • The work permit once approved allows you to work at the noted company and location. If you change employers or place of work, you must make a new application. Also if you resign or are terminated or laid off, according to the law, within 10 days of this, you must return your work permit to the Labor Department. Don't count on your company doing it. It is your responsibility and you are liable to return it to the Labor Department. • During the processing you must not let your visa expire . The Labor Department's system links the non-immigrant visa (“extension of stay”) you listed on your application to the work permit paperwork. A typical time frame for approval of the work permit for a company of 2 million baht registered capital is up to 2 months in Phuket but the government is trying to reduce this. • To satisfy new government tax rules, monthly salary of work permit holders generally needs to be at least 50,000 Baht (you must be paying monthly personal income tax on at least this amount). • Your Work Permit is connected to the duration of your visa, so when your Extension of Stay expires, you will need to renew your work permit. If you have an unexpired multiple-entry visa, all you have to do is go over the border and then return. If required to go outside Thailand to obtain a new visa, you will need to provide the Embassy or Consulate with copies of your work permit and new recommendation letter from your company, company registration documents, and financial and tax reports. This must be done prior to your work permit expiration. • Ensure Visa is renewed at least 3 days prior to expiry to avoid any delays to renewal of work permit. Is a foreigner allowed to work right after he has filed a work permit application? What is the required minimum ratio of local employees to foreigners in a company that applies for a work permit in Thailand for its foreign employees? What is the income tax rate in Thailand? Are payments by a Thai juristic person to a foreign juristic person subject to any Thai income tax? Is there a specific capital gains tax in Thailand? What do property costs average on a property purchase? What are the costs involved in making a property purchase? Lawyer fees Transfer fees 0.01% Stamp duty 0.5% Business tax 0.1% Income tax (Thai equivalent to capital gains tax at variable rate) |
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E-mail: info@siamrealestate.com 36/8 Moo 2, Viset Rd., Rawai, Phuket 83130 Tel: +66 (0)76 288908 Fax: +66 (0)76 383646 |
