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Siam Legal International
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Thailand's Largest Legal Service Network
Thailand's Largest Legal Service Network

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In regards to those foreign currency requirements, the Land Department Regulation Re: Foreign Ownership of Condominium Units of 2004 defines the foreign currency requirements in Thailand.

#condo #condominium

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Partnerships, even if formed with majority Thai capital investment, are still considered "foreign nationals" if the managing partner is a foreign national. It is possible for foreign nationals to operate business in Thailand as a partnership in certain cases, such as if they are operating a business that is unrestricted by the Foreign Business Act, or if they have obtained a Foreign Business License or a Foreign Business Certificate under the Thai-U.S. Treaty of Amity.

#thailand #business #partnership

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Section 1195 of the Civil and Commercial Code provide for the withdrawal of company resolutions. According to that section, a resolution must be withdrawn by court order. Furthermore, only a shareholder or director has standing to challenge a resolution and may make such an application to the Court.

#siamlegal   #thailand   #business  

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Shareholder meetings are an important element in the management of Thai limited companies, since the authorized directors of the company must manage the company under the control of the meetings of the shareholders. In order to hold a meeting of the shareholders, a meeting has to be called according to the procedure defined in the Civil and Commercial Code. One of the procedures according to the Code is that a notification must be delivered to the shareholders.

#siamlegal   #thailand   #thailandlawyers   #business  

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Shareholders play an important role in the management of the company. However, an important legal issue in regards to shareholder meetings in Thailand is the issue of who is allowed to call a meeting of the shareholders. According to the Civil and Commercial Code, a meeting of the shareholders may be called by the following people...

#siamlegal   #thailand   #business  

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A reference guide to help corporate buyers of land prepare the necessary documents and evidence required in order to avoid needless mistakes and costly delays when appearing before the Thai Land Official for the transfer of ownership.

#siamlegal  

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Assuming that a foreign government intended to acquire land or other immovable property in Thailand for official use, such an acquisition must be done by reciprocal agreement between nations, although not falling under the terms of Section 86 of the Land Code (as stated in Land Department Announcement No. 0610.4/893 issued on 2 August 1994).

#thailand #siamlegal #propertyinvestment #thailandlawyers  

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An important principle of Thai law regarding foreign investment in land is that where the foreigner has purchased land, but is not able to legally register ownership of the land, he or she is entitled to the monetary value of the land. This principle is demonstrated in the following Land Department Advisory Opinion...

#thailand   #siamlegal   #thailandlawyers  

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Thai nominee landownership entails criminal penalties for both the Thai national and the foreigner involved. According to the Land Code of Thailand, it is in violation of Section 86 of the Land Code, which is punishable according to Section 111 of the Land Code.

#siamlegal #thailand #propertylaw  

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The primary concern behind Thai government regulations related to the acquisition of land by a Thai national married to a foreign spouse is the issue of nominee landownership. Under the Land Code of Thailand, the act of a Thai national owning land as an agent of a foreigner, which is to say, for the benefit of a foreigner, is considered a criminal violation.

#thailand   #property   #siamlegal  
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