Sukhothai Inter Law - Property Lawyer Koh Samui

  Thailand has expanded its visa-free entry program, now allowing travelers from 93 countries and territories to visit for up to 60 days without needing a visa. This update, which started on Monday, increases the number of countries eligible for visa-free travel from 57. Tourism is crucial to Thailand’s economy, which is still bouncing back from the pandemic. In the first half of 2024, the country welcomed 17.5 million international visitors, a 35% increase from last year. Despite this rise, visitor numbers have not yet reached pre-pandemic levels. The majority of these tourists came from China, Malaysia, and India. Tourism revenue amounted to 858 billion baht ($23.6 billion), which did not meet the government’s targets. In addition to the expanded visa-free entry, Thailand has introduced several new initiatives. A new five-year visa for remote workers allows stays of up to 180 days per year. International students who graduate from Thai universities can now stay for up to one year...

  Thailand is now offering a special visa for digital nomads, freelancers, and remote workers. This new   Destination Thailand Visa   (DTV) lets you stay in the country for up to 180 days at a time, and you can come back as often as you like over five years. This visa is a lot easier to get than the  Long-Term Resident Visa , which has stricter rules like higher income requirements and specific employer criteria. Tourism is a huge part of Thailand’s economy. With its incredible culture, stunning scenery, and rich history, Thailand draws millions of tourists every year. Tourism makes up about 12-20 percent of the country’s GDP. Just this year, in the first half, Thailand welcomed 17.5 million tourists—a 35% increase from last year. Who Can Apply? The DTV isn’t just for digital nomads. It’s also for people who are: Learning Thai cooking Attending seminars Going to music festivals Training in Muay Thai Joining sports camps Getting medical treatment What Do You Need? To ...

Thailand, a nation celebrated for its captivating landscapes, rich history, and vibrant culture, welcomes millions of visitors each year. Whether you’re planning a brief vacation, an extended stay, or a business venture, knowing which visa to apply for is crucial. Here’s a breakdown of the different visa types available for Thailand. Tourist Visa The Tourist Visa is perfect for those wanting to experience Thailand’s beauty and culture. It allows a stay of up to 60 days and can be extended for an additional 30 days. Ideal for vacationers, this visa lets you enjoy Thailand’s beaches, temples, and cuisine without the hassle of frequent renewals. Non-Immigrant Visa For those with specific goals beyond tourism, the Non-Immigrant Visa is suitable. There are various subcategories under this visa: Business Visa (B):  Designed for individuals conducting business or investing in Thailand. It can be extended for longer stays, making it suitable for long-term business activities...

  Navigating the complexities of property taxes in Thailand is crucial for anyone looking to invest in real estate, whether it’s for personal use or as an income-generating asset. Here’s a detailed look at the various fees and taxes involved in purchasing and owning property in Thailand. Transfer Fee When you buy property in Thailand, you’ll need to pay a transfer fee of 2% of the property’s appraised value. This fee is generally borne by the buyer and is payable to the Thailand Land Department. Business Tax If you sell the property within the first five years of ownership, a specific business tax of 3.3% of the appraised value applies. However, if you hold the property for more than five years before selling, this tax is waived, and instead, you’ll pay stamp duty. Stamp Duty Stamp duty is set at 0.5% of the total registered value of the property. It is only payable if the specific business tax does not apply. Withholding Tax Withholding tax varies depending on whether the seller i...

  When it comes to navigating the complexities of property law in Thailand, having a knowledgeable and experienced property lawyer by your side is essential. At Sukhothai Inter Law and Business Co., Ltd., we are dedicated to providing top-notch legal services to clients in Koh Samui, Phuket, and throughout Thailand. Our team of skilled property lawyers is here to assist you with all aspects of property law, ensuring that your investments and transactions are secure and compliant with Thai regulations. Why Choose Sukhothai Inter Law for Your Property Legal Needs? 1. Extensive Experience in Property Law Thailand Our firm boasts a wealth of experience in handling property law matters across Thailand. Whether you are dealing with property acquisitions, sales, leases, or disputes, our property lawyers have the expertise to guide you through the process smoothly and efficiently. 2. Specialized Property Lawyers in Samui and Phuket We understand the unique legal landscape of different regi...

  Thailand’s Revenue Department is considering a major shift in its tax policy by implementing a worldwide income taxation system. If approved, this change would require anyone living in Thailand for at least 180 days a year to pay taxes on income earned abroad, even if the money isn’t brought into Thailand. Current Taxation Principles Under the existing tax laws in Thailand, there are two main principles: Source Rule : Income generated within Thailand is taxed, no matter where it comes from. Resident Rule : Individuals who live in Thailand for 180 days or more in a tax year are taxed on their income, both domestic and international. Criteria for Taxing Foreign Income For foreign income to be taxable in Thailand, the following conditions must be met: The individual resides in Thailand for at least 180 days within a tax year. The individual earns income from abroad. The income is brought into Thailand. Previously, foreign income was only taxed if it was brought into Thailand in the ...

Thailand Introduces LTR Visa to Attract Global Talent In a strategic effort to attract global talent and bolster its economy, Thailand has introduced a new type of visa specifically designed for long-term residents. The Long-Term Resident (LTR) Visa aims to make it easier for foreign professionals and investors to live and work in Thailand. The LTR Visa is part of a broader initiative to position Thailand as a leading destination for international talent and investment. This new visa category offers several benefits that make it an attractive option for foreign nationals looking to settle in Thailand. Key Features of the LTR Visa: Extended Stay Duration:  The LTR Visa allows foreign nationals to stay in Thailand for an extended period, significantly longer than traditional visa options. Work Permit Ease:  Holders of the LTR Visa will have a streamlined process for obtaining work permits, making it easier for them to engage in professional activities in Thailand. Family Inclusi...