Property Guide for Foreign Business Owners Are you a foreigner looking to own property for your business in Thailand? Understanding the difference between freehold and leasehold ownership is key. Both have pros and cons, especially for business owners navigating Thailand’s rules. Freehold Ownership Freehold means full ownership of property, which is great for businesses that need a long-term...
Thai government turns to legislature for cannabis regulations The Thai government has recently signaled a U-turn on its plan to relist cannabis as a narcotic. The plant was removed from the narcotics list in 2020, sparking a thriving industry now worth over USD 400 million. Any hasty regulations restricting recreational cannabis use would significantly impact thousands of businesses. Initially, the...
New BTS lines have led to rapid growth in Bangkok Over the last decade property prices have continued to rise along the now operating Yellow BTS Line located in the eastern regions of Bangkok. As many know all too well, condo prices surge before and after the inaugural run of a new BTS line. The closer the property is to a BTS line, the more attractive it is to buyers. The new Yellow BTS Line, that had...
Proposed changes to property laws At a recent cabinet meeting, Deputy Prime Minister Phumtham Wechayachai proposed the implementation of a previously presented resolution that aims to boost the Thai economy through the loosening of property laws. The two major changes that may be reviewed as a part of the proposal include: Extending the duration of leases from 30 years to a maximum of 99...
Does Thailand have too many cannabis shops? The short answer is yes. According to various sources, anywhere between 6,000 to 8,000 cannabis shops have been established since the plant was removed from the class-5 narcotics in June 2022. While this rush to market was predictable, especially in the wake of the economic hardships brought on by the government’s reaction to Covid-19, there will be a...
What does the data tell us? For business owners operating in the tourism sector high season is the most important time of the year. The common thought is that this flood of arrivals and tourism dollars into Thailand occurs during the cooler months in November, December, and January. When we look at the global arrivals data for 2023 this is in fact what happened. If we dive deeper into the data at...
Whether you are buying a business in Thailand for the first time or you are expanding your portfolio, trust between both parties can be a major obstacle. Even before an exchange of money occurs and the purchase is finalized you have to rely on the trustworthiness of the seller. Are they providing accurate information on the past expenses and revenues? Are there an outstanding and noteworthy...
Amidst Covid-19, Thailand experienced a significant shift in its customer demographics, with expats emerging as the primary patrons due to Thailand's travel restrictions. No longer overshadowed by the influx of tourists seen in 2019, which numbered over 40 million, expats became vital to the survival of many businesses during challenging times. Now, as the situation gradually returns to normal and...
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