WHAT IS THAILAND ELITE?

WHAT IS THAILAND ELITE? Thailand Elite was established with a singular goal to present the finest country membership program designed specifically for international guests of Thailand. Foreigners who applied for the Thailand Elite program will be provided with Thailand Elite Visa (Privilege Entry Visa) with a minimum period of 5 years up to 20 years of stay in Thailand along with other variety of privileges. Thailand Elite membership program was established by the Thailand Privilege Card Ltd. a state-owned company under the supervision of the Tourism Authority of Thailand (TAT) as a sole shareholder with registered capital of 1,000 million Baht. The main objectives of Thailand Elite are to generate revenues from foreign high-end visitors, investors, businessmen, and those who consider Thailand as a second home, by offering special entry permits and services as well as other privileges from both public and private sectors, e.g., Elite Visa (Privilege Entry Visa), VIP Airport service, open bank account, limousine service and etc. As a state-owned enterprise and part of the Tourism Authority of Thailand, Thailand Elite is the only country membership program with benefits for immigration, leisure, business with access to privileges that money alone cannot buy. Providing conveniences for Elite members as soon as they set foot in Thailand. THAILAND ELITE VISA Thailand Elite Visa is a core privilege of the Thailand Elite membership program officially known as ‘Privilege Entry Visa’ granted to all Thailand Elite members. It is a 5 years multiple entry visa that allows the visa holder to travel in and out of Thailand as frequently as the visa holder preferred, without having to apply for a re-entry permit. The Visa allows the visa holder a one-year length of stay per each entry. In the case where the visa holder does not wish to leave Thailand within one-year period, 1-year stay extension can be done at the immigration office in Thailand. If your selected program has more than 5 years of membership validity, then you could request for another 5 years extension prior to its expiry date. Thailand Elite Visa allows the holder to enjoy a long-term stay in Thailand to the utmost without having to worry about additional expenses such as traveling back and forth to extend visa validity or about the procedure of having to apply for a visa upon every arrival. If you are looking to stay in Thailand for over 6 months or if you are a frequent traveler to Thailand, then Thailand Elite is for you. MAIN BENEFITS OF THAILAND ELITE MEMBERSHIP Elite Visa is a type of tourist visa that grants exclusive privileges and benefits to foreign nationals who are specifically designated as members. It aims to create new and unique experiences for these individuals. Elite Visa offers exceptional reception and provides various special privileges that go beyond what is typically available to others. 1.Fast-Track Immigration: Exclusive fast-track immigration clearance for both arrival and departure, ensuring a smooth and expedited process. 2.Limousine Service: Complimentary limousine transfers from the airport to the accommodation and vice versa. 3.Convenient Driver's License: Assistance and facilitation in obtaining a driver's license in Thailand. 4.Extended Stay Reporting: Assistance in reporting your stay to the Thai immigration authorities, allowing you to legally stay in the Kingdom for more than 90 days without having to leave the country. 5.Bank Account Opening: Support in opening a bank account in Thailand, making financial transactions and management more convenient. 6.Special Discounts: Exclusive discounts when purchasing products at King Power Duty-Free shops, various hotels, restaurants, and shopping malls. How many types of Elite Visa? Elite Visa is divided into 8 types, each offering different levels of pricing and privileges. The membership fees range from 500,000 baht to 2 million baht, and the types include: Type of Elite Membership Membership Fee (THB) Membership Validity 1.Elite Easy Access 600,000 5 years 2. Elite Privilege Access 1,000,000 10 years 3.Elite Superiority Extension 1,000,000 20 years 4.Elite Ultimate Privilege 2,000,000 20 years 5.Elite Family Excursion 800,000 5 years 6.Elite Family Alternative 800,000 10 years 7. Elite Family Premium 1,000,000 N / A 8. Elite Maxima Health (Newest) 1,500,000 บาท 5 years How to apply for the Elite Visa? 1.Be of legal age according to the laws of Thailand (at least 20 years old). 2.Obtain permission to stay in Thailand in accordance with immigration laws or relevant laws in Thailand. 3.Possess a passport with a validity of more than 6 months. 4.Not be declared bankrupt by a court order. 5.Not be a person of dangerous or incompetent behavior. 6.Not have been sentenced to imprisonment in any country (except for minor offenses). Thailand Elite Program offers you the opportunity to obtain a long-term multiple entry visa with the right and members’ exclusive services to live in Thailand from 5 up to 20 years Today, our page is presenting information about the Thailand Elite Visa, hoping that it will be beneficial for all of you who come here to read. Additionally, The Property Center page also has many other great articles that you can read. If any of you are looking to find a house or other real estate, you can entrust your property to us for sale. We have clients contacting us every day, and we will professionally handle the work on your behalf. The Property Center warmly welcomes all homeowners. We have a team that posts on various online media platforms and creates advertisements in newspapers and marketplaces. These services are free, and we only charge a commission fee of 3-5%. Please contact us promptly. Thank you for information from: http://www.wonderfulpackage.com/article/v/1533/ https://www.thailandelite.net/?gclid=EAIaIQobChMIyKLOqvu3_wIVTYTCCh3RFwAPEAAYAiAAEgJawfD_BwE http://www.visatogo.co.th/thailand-elite-visa/

House Construction Laws In Thailand

House Construction Laws In Thailand Construction in Thailand is mainly regulated by the Building Control Act and the Town and City Planning Act. The Building Control Act provides for governmental control of virtually all types of construction by means of various applications and punishment in case of violation, the Town and City Planning Act deals with the permissible uses of land in different zones. In addition there are under both Acts Ministerial Regulations specifying regulations and zone restrictions. Building and construction can also be restricted by environmental and other laws (Nature Reserve Act, Forest Act, etc.) or if the land is burdened with a right of servitude. The relation between a customer/ employer and a builder in Thailand is primarily governed by a construction contract and the Civil and Commercial Code (specifically the chapter ‘hire of work’). In addition to the zone regulations (12) for Samui specifying the type of use to which land/ property may be put in specific areas issued under the City Planning Act there are general building zone regulations (4) issued under the Building Control Act, giving standard building requirements and restrictions depending on its distance from the beach. These restrictions relate to the maximum size, distance to the land border, design and the height of the building (sample). Similar building regulations exist in Phuket, Pattaya, Koh Phangan, Hua Hin, etc.. Building or buying a home in Thailand Foreign land ownership restrictions in Thailand relates to land only, not to the building on the land or condominium registered under the Condominium Act. The land and any structure on the land can be owned independently by different persons. Foreigners buying a home in Thailand can lease land (and optional obtain a right of superficies) and own the house as a personal property. In any land leasehold structure it is recommended to obtain ownership over the house, but ownership over the land remains the higher absolute right and the right to own the house on the land is relative to the right to use the land. The right to own the house on another man’s land always follows the term of the land lease or superficies agreement and cannot exceed a term of 30 years after which the lease and/or superficies must be renewed. How to own a house distinct from the land it is on Buildings (apart from condo apartments) do not have a separate ownership title deed document. The procedure to obtain ownership of a structure separate from the land is as follows: If buying from a developer (depending on the sale and tax structure and liabilities the developer chooses) the sale of a house separate from the land lease is either by: a building sale and purchase agreement (see procedure under 3), or a building construction contract with a building permit in the foreign purchaser’s name. In case an individual person is developing a plot of (leased) land the building permit should be issued, or during the construction changed by the Or Bor Tor, in the name of the person that leases the land. Sale of a completed or existing building separate from the land requires the current owner and purchaser of the house to: sign a standard land office Thai script sale of a structure document (signed at the land office in front of the competent land official) followed by a 30 day public announcement/ posting of the house sale at specific locations after the announcement period the parties return to the land office to complete the transfer. Sale of completed existing house The sale of an existing house separate from the land (land lease combined with house sale/ ownership) must be registered with the local land office (the Samui, Phuket, Hua-Hin, Bangkok or any other local Land Department’s branch office) to be complete and property ownership transfer fees and taxes must be paid. Local property developers (in Samui) tend to offer a sale and purchase agreement for the house but skip the official transfer procedure (ownership has not transferred), or lease land and house (not recommended). The transfer of ownership of a building will take at least 30 days from the first visit to the land office to the issuance of the sale of a structure document (sample right or view sale document with short translation). The official land office sale document, stamped and signed by the local land office, is the document that proofs the purchaser’s rights to the house and completes the transfer. Required documents: ID-card, passport (seller/ buyer) House registration book (Tabien Baan) Land title document House building permit Property transfer fees Building permit Thai construction workers on building site under palm trees The seller of a house must have a building permit (sample top right) issued by the local Or Bor Tor. The building permit is the evidence that shows he owns the building and obtained approval to build the house. The building permit must be submitted to the Land Registry for the transfer of the house. It should be checked if the house is actually built according to the building permit. If the seller can’t show a building permit the house could be illegally built or may not be built according to local building regulations. The building Control Act imposes heavy fines and even imprisonment on violators. If any violation is found the authority has the power to issue a stop-work order and demand rectification of the building or an incorrect part within a reasonable time. If the building or an incorrect part cannot be rectified, the authority has the power to order a demolition thereof. When a land leaseholder hires a builder the building permit could be issued in the builder’s name or land owner’s name. In this case the name on the building permit should be changed by the local Or Bor Tor to the lessee’s name at any time during the construction, but prior to the issuance of the house registration book (tabien baan). The building permit is proof that you own the building and the building does not belong to the land owner but to the land leaseholder. Separate ownership of the house increases the lessee’s right and also lowers property tax liabilities (housing and land tax). Research by the Agency for Real Estate Affairs indicates the new city plan for Koh Samui will mandate that property projects cannot be constructed higher than 150 meters above sea level read more…. Similar to Phuket where the Ministry of Natural Resource and Environment issued a notification to protect the environment in Phuket prohibiting any building and renovation in the area 80 meters and more above the average sea level. Construction is not allowed even though the land could have a full land title deed. General considerations when planning to build or buy a house in Thailand (also for leasehold land for foreigners) what is the land title (this should at least be a Nor.Sor.3.Gor/ Khor or better a Chanote land title deed); is the land tile deed correctly issued and the title cannot be revoked on the grounds of any illegal issuance process (read warning under ‘articles news’); is there a solid legal structure for a long term interest in the land (proper land lease and/or superficies registered with the Land Department); what are the zoning and building regulations and restrictions for the specific area (what use and construction is allowed in the area); is there a private servitude, public or municipality road connecting the land with the public road; are there any mortgages, encumbrances, claims or security of any kind registered against the land title deed; are there any conditions in the previous sale or gift (right of redemption); the land is not subject to any promise or agreement, court order or other judgment or decree; the land owner is not involved in any action brought before court or bankruptcy/ insolvency proceedings; the land is not encroached nor is there encroachment on the land; the land is not subject to any land expropriation plan by the government; the land is not located in a land reform zone according to the laws on land reformation for agricultural purposes; the land is not located in a forest or nature reserve zone, or other area reserved for the public; the seller has not (implicitly or explicitly) declared the intention or done any act to give the land whether in whole or in part to the public; the seller does not hold the land as an agent on behalf of any third party, nor is there any third party having priority right to the land. Information above on behlf of samuiforsale

Foreign Ownership of Real Estate in Thailand - Documents required for registration

Foreign Ownership of Real Estate in Thailand - Documents required for registration Part 1: Evidence for Land/Condominium/Building Ownership (Original Documents) includes the following: Land Title Deed Certificate of Land Utilization Condominium Ownership Certificate Documentation of Building Ownership Part 2: Documentation for Transferee, including: For Individuals: 1.National Identification Card 2.Copy of Household Registration 3.Name/Last Name Change Certificate (if applicable) 4.Marriage Certificate (if applicable) 5.Spouse's Death Certificate (if applicable) 6.Divorce Certificate/Record of Divorce (if applicable) 7.Letter of Consent for the transaction from the spouse, along with their National Identification Card and copy of 8. Household Registration. In the case of a transfer according to Section 13 of the Land Code, the documentation includes: 1.Death Certificate or proof of the decease of the heir. 2.Original Last Will and Testament (if available). 3.Copy of the Last Will and Testament that has been presented to government agencies such as the court or other land offices, certified as a true copy by the authorized personnel of that agency (in case the original document is lost or destroyed). 4.National Identification Card and copy of Household Registration of the executor of the will (if applicable). 5.Name/Last Name Change Certificate of the heir and the executor (if applicable). For Legal Entities: 1.Certificate of Incorporation. 2.Corporate Meeting Minutes. 3.Specimen signature of the authorized signatory or the person with the power to represent the legal entity. 4.National Identification Card and copy of Household Registration of the directors or authorized representatives of the 5. legal entity, along with their official stamp. 6.Articles of Association and Objectives. 7.Corporate Regulations. 8.List of Shareholders. Part 3: Documentation for Foreign Individuals, the Transferee: Documentation related to Foreign Individuals: 1.Certificate of Residence issued by the local police station where the foreign individual resides. 2.Passport showing the nationality of the foreign individual. 3.Certification from government officials, police officers, or the embassy/consulate to which the individual is affiliated. 4.Emergency certificate issued by the Ministry of Foreign Affairs temporarily indicating nationality. 5.Copy of the Household Registration of the applicant and all individuals listed in the same household registration (if applicable). 6.Marriage Certificate (in the case of applying for inheritance as a spouse). 7.Marriage Certificate between the biological parents of the heir (in the case of applying for inheritance as a child). 8.Documentation of the registration of being the adopted child (in the case of the applicant being an adopted child of the heir). Source of Investment Funds: 1.Evidence of foreign currency brought into the kingdom. 2.Proof of funds transfer from a foreign currency deposit account. 3.Evidence of withdrawal from a Thai Baht account of a person residing abroad for investment purposes (the source of investment funds can be supported by one or more of the following points, but the total amount must be at least 40 million Baht): a. Proof of funds transfer from abroad. b. Proof of funds transfer from a foreign currency deposit account. c. Proof of sale of assets abroad. d. Other relevant evidence of funds from abroad. Part 4: Additional Documents: 1.Court order or appointment decree appointing the heir as the estate manager (if applicable). 2.Documents presented to officials, if in a foreign language, must be translated into Thai and certified as accurate. 3.Certification of debt exemption from a condominium juristic person (in the case of transferring a condominium unit). 4.Certification from the condominium juristic person confirming that a foreigner holds ownership rights to the unit not exceeding 49% of the total area of all units in that condominium building (in the case of transferring a condominium unit). 5.In cases where power of attorney is granted for the transaction, there must be a power of attorney document, along with the national identification card or a copy of the national identification card and copy of household registration (authenticated) of the person granting the power of attorney, along with the national identification card and copy of household registration (original) of the authorized person. Today, our page is presenting information about Foreign Ownership of Real Estate in Thailand - Documents required for registration, hoping that it will be beneficial for all of you who come here to read. Additionally, The Property Center page also has many other great articles that you can read. If any of you are looking to find a house or other real estate, you can entrust your property to us for sale. We have clients contacting us every day, and we will professionally handle the work on your behalf. The Property Center warmly welcomes all homeowners. We have a team that posts on various online media platforms and creates advertisements in newspapers and marketplaces. These services are free, and we only charge a commission fee of 3-5%. Please contact us promptly. Thank you for the information from https://www.thailand.go.th/issue-focus-detail/010_011?hl=th

Our articles

MAR

Ideas for decorating your home to make it easy to sell your home in 2024

Ideas for decorating your home to make it easy to sell your home in 2024 The main problem for many people trying to sell their homes is that they often decide to list their properties without first inspecting their own homes to see their condition. After living in a home for many years, it may have deteriorated in certain areas, making it more challenging to sell. The idea of home decoration is one solution to make selling a home easier. 1. Idea for Decorating with Wall Details: The first decorating idea involves transforming the wall into a vertical space with functional benefits. This can be achieved by installing floating furniture with distinctive designs, emphasizing modernity that complements the overall style of the house. Another idea is to use materials to cover the wall surfaces, such as wallpaper or artificial stone. However, caution should be exercised when choosing artificial stone, avoiding surfaces that are excessively rough or sharp. A texture that feels too unfamiliar may result in discomfort and potential safety hazards. 2. Idea for Decorating with Trendy Colors: While each person has different preferences for home decor styles, the majority often seek a home that feels comfortable, functional, and has a cohesive layout. Some may prefer a loft-style, others may lean towards a vintage aesthetic, and there are those who appreciate a minimalist design. However, most people generally desire a home that is inviting, practical, and has a consistent sense of order. Therefore, the goal of decorating a home for sale should be to attract a wide range of potential buyers. Typically, buyers prefer to see well-lit homes. Therefore, lighting plays a crucial role in home staging for sale. Don't forget to fully open curtains to let in natural light, making rooms appear more spacious. Also, check that all light bulbs are in working condition before allowing potential buyers to tour the home. If your light bulbs are flickering or dimming, it's time to replace them with new ones. 3. Decorating with Mix and Match Furniture: One notable difference between selling a new home and a second-hand one is that the latter is often sold as an empty canvas, allowing buyers to decorate according to their lifestyle. Buyers tend to scrutinize factors like completeness, checking for any wear and tear, imperfections in materials or structures, and the condition of tiles, whether they are pale or cracked. Second-hand homes, on the other hand, are usually sold with some furnishings, presenting a visual representation of how the space can be utilized. It becomes an invitation for potential buyers to visualize themselves in the home and engage more with the decor. Therefore, the choice of furniture is crucial in conveying the functionality of the space and capturing the attention of those who come to view. This is why selecting the right mix and match furniture plays a significant role. 4. Decorating with Green Spaces: If there are existing green spaces within the property, such as a grassy field, a garden, or potted plants, it's advisable to enhance and revitalize these areas before listing the house for sale. Don't let them become overgrown or neglected. If any plants appear withered or dry, consider relocating them and introducing new ones. However, if the available space is limited and it's not possible to create additional green areas outside, opt for decorative planters. Place aesthetically pleasing planters in various corners around the house. For instance, place transparent glass vases with bamboo shoots in the bathroom, set wooden crates with plants in the workspace, or hang flower baskets along the balcony railing. Adding greenery not only enhances the visual appeal but also brings a touch of nature into the living space, creating a more vibrant and inviting atmosphere. 5. Exterior Decoration: The external beauty of your home is crucial and should not be overlooked when decorating for sale. It is the first thing potential buyers see when they approach your property. Consider the following: Smooth out the front yard and pathways to create a neat appearance. Clean the windows to enhance transparency. Trim the grass and maintain a well-groomed lawn. Prune and groom the exterior plants and trees. Organize and tidy up shoe storage areas. Thank you for information https://www.reic.or.th/Knowledge/SuggestionHome/2 https://www.ddproperty.com https://www.baanfinder.com/th/article/gbdl_

FEB

Leasehold vs Freehold

Leasehold vs Freehold Which type of investment is right for you? What is the difference between Leasehold and Freehold ? • Freehold refers to real estate. Where the holder owns the property completely • Leasehold refers to real estate. Held through lease payment to obtain long-term leasehold rights within a specified period of time (not more than 30 years) 1. Leasehold? "Condo Leasehold" refers to a condominium property where ownership is held for a specific period, and the owner must pay rent according to the specified lease terms. When the lease agreement expires, the ownership reverts to the landlord immediately. Condo Leasehold has the following characteristics: The owner must enter into a lease agreement with the landlord, typically with a 30-year ownership period as per legal regulations. The owner may request permission to manage construction, renovation, or decoration as deemed appropriate. The owner is responsible for paying maintenance fees, annual service charges, and building insurance. Rent payments must be made to the landlord according to the lease agreement. The owner may be granted permission by the landlord to handle property-related matters. The owner may have restrictions on their rights based on the landlord's regulations. The lease agreement may be terminated if the owner fails to comply with the terms of the condo lease. 2. Freehold? "Condo Freehold" refers to a condominium property where the ownership is held indefinitely. In other words, individuals who invest in this type of condominium will have perpetual ownership rights without any specified end date. Additionally, those who invest in a Freehold Condo receive various rights, including: No obligation to pay rent according to any lease agreement. Responsibility for maintaining and taking care of the building. Holding ownership rights in their own name. Investing in a condo, Leasehold or Freehold, which type is suitable for who? Indeed, there is no one-size-fits-all formula for successful condominium investments, as it greatly depends on individual preferences and requirements. Comparing various aspects of Leasehold and Freehold condos can help highlight the differences that may align with the specific needs of each investor. Here are some considerations: If you aim to generate substantial profits in the long term, Freehold may be an excellent option. This is because with Freehold ownership, regardless of how many decades pass, the real estate remains yours. You can explore various ways to increase profits, including selling or leasing. Importantly, as the years go by, the value of the land tends to increase, especially in economically thriving areas or prime city districts such as Sathorn and Silom. Rest assured that purchasing Freehold today can lead to significant growth in value in just a few years. Leasehold is suitable for people who want to limit their budget. And focus on looking for a condominium in a central location, easy to travel to, and want to stay in for a certain period of time. Don't want to pass it on as an inheritance to others. or do not want to create a burden on their children and grandchildren You can also pay installments at a lower price. "Foreign Ownership" Leasehold can be held without restrictions. Freehold condominium can be owned at a rate of 49% of the total units. "Asset Value" The value of Freehold condominiums is expected to trend higher in the future, following the upward trajectory of land prices. This is in contrast to Leasehold condominiums, where the appreciation may be comparatively lower.

JAN

The process of obtaining a home construction loan requires what documents?

"The process of obtaining a home construction loan requires what documents?" When applying for a home construction loan, it is crucial not to overlook the documentation process if you want a prompt consideration. Once we submit a loan application for home construction, everyone wishes for the bank to assess it swiftly and determine approval. In this step, having all our documents prepared comprehensively is essential. If we have our documentation in order when submitting to the bank, the evaluation and approval process is likely to be expedited. This is because there won't be a need for the bank to request additional documents from us. So, what are the necessary documents that we should prepare before applying for a home construction loan? Let's go through them. 1.Preparing documents for a home construction loan When applying for a home construction loan, or a loan for home improvement, in addition to assessing the borrower's income, the bank also needs details about the construction project. Besides documents showing income, such as: Copy of ID card Copy of household registration Salary slips Bank statements for the last 6 months (the account where the salary is deposited) Employment certification specifying position, monthly income, and duration of employment Copy of savings account statement with a minimum balance of 100,000 Baht or around 10-15% of the estimated home construction value. In addition to the above documents, the bank will also review a second set of documents to assess the value of the construction project. This set typically includes: 2.House Plans The initial document required when applying for a home construction loan is the house plans or blueprints. This is because banks or financial institutions need to assess the property appraisal and construction costs, even if the house has not been built yet. Preparing house plans or blueprints is a crucial step, as the bank needs to evaluate the value of the property and estimate the construction costs for the project. 3.Land Title Deed Another crucial document when applying for a home construction loan is the land title deed. This document needs to be submitted along with the house plans to allow the bank or financial institution to assess the property's appraisal value and construction costs. The land title deed may not necessarily be in our name, but it is essential to confirm that we have the right to construct on this particular piece of land.This confirmation is vital for verifying that we have the authority to build on the specified area, even if the land title deed is not under our name. 4.Construction Contract Agreement The evaluation of the construction budget for the entire project can be derived from the construction contract agreement. In the context of applying for a home construction loan, the bank will request to review this contract to ascertain the contracted amount. This is done to ensure that, upon loan approval, the funds will be allocated precisely as stipulated in the contract for construction costs. The construction contract agreement serves as a crucial document for the bank to understand the agreed-upon amount, providing confidence that the approved loan will be utilized in accordance with the specified terms in the contract. 5.Construction Permit Another essential document to submit when applying for a home construction loan is the construction permit. This permit can be obtained from the local district office in the area where the construction will take place. The construction permit serves as evidence that the borrower has the authorization to build in compliance with the law. This document ensures that the construction of the house will adhere to legal requirements, providing assurance to the bank or financial institution that the construction will not pose any issues that might impact the approval of the home construction loan. 6.Personal Documents Following are the personal documents that are relatively easy to prepare but need to be ready before applying for a home construction loan: National ID card, government officer ID card, or state enterprise ID card. Copy of marriage certificate, divorce certificate, or death certificate (if applicable). If there has been a name change, a copy of the name change certificate is required. In the case of marriage, a copy of the national ID card for the spouse must be prepared. 7.Financial Documents In addition to personal documents and those related to the house being financed, financial documents are crucial in the home construction loan application process. Financial documents typically fall into two main categories: employed individuals and self-employed individuals. For Employed Individuals: Salary slips for the past few months. Employment verification letter. Income tax returns for previous years. Bank statements for the last six months. For Self-Employed Individuals: Business registration documents. Financial statements or profit and loss statements. Income tax returns for the business. Bank statements for the business.

DEC

What is real estate?

What is real estate? 5 types of real estate Things you should know before investing "What is real estate? What does real estate mean?" This is a thought-provoking question for those interested or involved in real estate. Knowing that real estate is more personal than you think is crucial because, undoubtedly, everyone needs a place to live, whether it be a house, condominium, townhouse, or apartment. Let's delve deeper into this topic together. "What is real estate? "Real estate" refers to land, buildings, and other permanent improvements attached to the land. This includes structures such as houses, buildings, offices, industrial facilities, and standing timber. Additionally, it encompasses natural features inherently connected to the land, such as rivers, ponds, minerals, gravel, and sand within the territorial boundaries of that land. All these components collectively form real estate. Real estate refers to rights associated with real property, such as ownership rights in land and rights to inhabit a property. This category encompasses various rights, including land ownership and residential rights. In simple terms, real estate can be described as immovable property that is difficult to move or destroy. If it can be moved or destroyed, it is typically challenging to do so. What is real estate? And how is it different from other forms of investment? "Real estate" refers to property that cannot be easily moved or carried from one place to another. It includes land and any structures permanently attached to it, such as houses, office buildings, industrial factories, hotels, dormitories, and condominiums. Therefore, before investing in real estate, investors should understand the distinctive characteristics of real estate that differentiate it from other forms of investment in various ways. • The value of real estate depends on external factors, meaning that the property's price is influenced more by its location, surroundings, and the economic conditions at the time, rather than the intrinsic qualities of the property itself. If the economy is in a downturn, real estate prices are likely to decrease accordingly. • Real estate requires a long time to convert into cash. Real estate is a high-value asset, so converting it into cash can take a considerable amount of time. This process is also associated with higher risks. However, the risk can be mitigated by leasing the property or engaging in personal business activities on the land to generate a cash flow. • Real estate often tends to appreciate in the long term. While short-term fluctuations may occur due to economic conditions, especially during economic downturns, real estate generally sees an increase in value over the long term. This appreciation is heavily influenced by the property's location. • Real estate has a long lifespan. In general, both land and structures can have a long lifespan, lasting anywhere from 50 to 100 years. This longevity allows property owners to utilize the real estate for generating income over an extended period. There are several interesting business models within the real estate industry. Once we understand what real estate is and the advantages of investing in it, it's important to note that the business can be diversified based on various purposes. Here are some common types: 1.Agricultural Real Estate: Involves land used for agricultural purposes, such as fields, farms, orchards, or any land specifically designated for farming activities. Investors may engage in agricultural activities themselves or lease the land to farmers for cultivation. 2.Residential Real Estate: Includes properties designed for living purposes, such as houses, condominiums, townhouses, flats, and apartments. Investors can earn income through rental payments, and properties may appreciate over time. 3.Commercial Real Estate: Focuses on properties used for commercial activities, including office buildings, shopping malls, hotels, supermarkets, and convention centers. Income is generated through leasing spaces to businesses, and values may be influenced by economic trends. 4.Industrial Real Estate: Encompasses properties utilized for industrial purposes, such as factories or buildings within industrial estates. Investors may benefit from leasing spaces to manufacturing or distribution companies. 5.Recreational Real Estate: Involves properties intended for leisure and recreation, such as resorts, vacation homes, or hotels in tourist destinations. Investors may profit from tourism-related activities or short-term rentals. Today, our page is presenting information about real estate, hoping that it will be beneficial for all of you who come here to read. Additionally, The Property Center page also has many other great articles that you can read. If any of you are looking to find a house or other real estate, you can entrust your property to us for sale. We have clients contacting us every day, and we will professionally handle the work on your behalf. The Property Center warmly welcomes all homeowners. We have a team that posts on various online media platforms and creates advertisements in newspapers and marketplaces. These services are free, and we only charge a commission fee of 3-5%. Please contact us promptly. Thank you for the information from https://www.ddproperty.com https://www.kasikornbank.com/th/propertyforsale/article/pages/how-to-invest-in-real-estate.aspx

DEC

What should you know about a home purchase and sale contract?

What should you know about a home purchase and sale contract? A purchase and sale agreement, whether it is for land, a house, or land with improvements, is a legal document created to establish a legal relationship between a buyer and a seller in a real estate transaction. Components of a purchase and sale contract The purchase and sale contract consists of 9 parts: Section 1: Details of Contract Preparation In a land purchase and sale agreement, the header of the contract must specify the date of signing to indicate the legally effective date. Section 2: Details between Parties Details between parties refer to information that identifies the buyer and the seller, guiding who the contract for the purchase and sale of the property is made between. By law, the information shall consist of the name, age, and address of both the "Buyer" and the "Seller," as per the details on their respective national identification cards. In the contract, it is crucial to verify that all information is accurate. If there are discrepancies in the names of the contracting parties, it may render the contract null and void. Top of Form Section 3: Property Details In a purchase and sale agreement, it is imperative to include significant details about the real estate, such as the land title deed number, land size, type of structures, building identification numbers, and the administrative district where the property is located (sub-district, district, and province). Section 4 Selling price and payment details In the contract, the price of the real estate agreed upon for purchase must be clearly stated. Both numbers and letters. If in the case that a deposit has been made must specify how many baht the buyer has paid before. How to pay? Should specify bank reference number, branch along with payment date. How to pay? How much is the installment? And how much is still left to pay on the day of transfer of ownership at the land office? Must be clearly specified Section 5: Details of Property Title Transfer Registration The agreement must stipulate the timeframe for the property title transfer registration and specify the agreed-upon date for the transfer of property rights within the timeframe set by the contracting parties, as deemed appropriate. Section 6: Details of Transfer Expenses The agreement must specify the party responsible for the expenses incurred during the property rights transfer, such as the transfer fees, income taxes, and any specific business taxes (if applicable). Land transfer expenses จำนวนเงิน Transfer Fee Not more than 2% of the appraised price Duty 0.5% of the purchase price or appraised price specific business tax 3.3% of the purchase price or appraised price withholding tax Think like a tax ladder. Deduction of expenses according to the year of ownership Section 7: Breach of Contract and Contract Termination In the agreement, both the buyer and the seller's responsibilities and consequences for breaches must be clearly defined. In the event of situations such as the buyer breaching the contract, changing their mind about the purchase, or failing to transfer property rights on the agreed-upon date, the seller has the right to terminate the purchase and sale agreement. In such cases, the seller is entitled to cancel the contract and retain any earnest deposit placed. Section 8: Agreements and Other Conditions Various agreements between the buyer and the seller may arise, and they can cover a range of situations. Examples include details on contract cancellations, refunding of earnest deposits, home warranties, agreements to construct entry-exit roads, obligations to register easements for access to public roads either before or after the property rights transfer, and more. These details will be specified in the concluding section of the contract. It is crucial to pay attention to this section to ensure fairness and equity for both parties. Section 9: Signature of Contracting Parties and Witnesses The final section of the contract is the acknowledgment and acceptance of the terms and conditions of the purchase and sale agreement. It certifies that the contract is executed in two identical copies, each containing the complete and consistent content for both the buyer and the seller. Each party must have one witness to acknowledge the contract. For the signing of a home or land purchase and sale agreement, even though the signature section may appear at the end of the contract, in cases where the contract consists of multiple pages, it is advisable to sign each page for documentation purposes. Today, our page is presenting information about Home Purchase and Sale Agreement, hoping that it will be beneficial for all of you who come here to read. Additionally, The Property Center page also has many other great articles that you can read. If any of you are looking to find a house or other real estate, you can entrust your property to us for sale. We have clients contacting us every day, and we will professionally handle the work on your behalf. The Property Center warmly welcomes all homeowners. We have a team that posts on various online media platforms and creates advertisements in newspapers and marketplaces. These services are free, and we only charge a commission fee of 3-5%. Please contact us promptly. Thank you for the information from https://www.ddproperty.com https://blog.ghbank.co.th/house-sale-contract/

NOV

"Foreigners applying for household registration in Thailand."

Foreigners applying for household registration in Thailand are required to submit certain documents. Household registration The household registration is a document that includes a household code, a list of all individuals residing in the household, and indicates who the head of the household is and who the residents are. The household registration provides detailed information for each individual, such as their full name, parents' names, national identification number, date of birth, and other relevant details. For foreigners residing in Thailand, having a household registration can facilitate various transactions, including obtaining a driver's license, opening a bank account, and many other transactions. For foreigners who wish to be registered in the Thai household registry, such as in the case of marriage registration or when purchasing real estate and wanting to be the registered owner, certain documents are required. When foreigners apply for household registration in Thailand, they are not eligible to be registered as the head of the household (เจ้าบ้าน), but they can apply to be registered as residents (ผู้อยู่อาศัย) only. For the registration of foreigners, the document required is the Yellow House Registration Book (ทะเบียนบ้านเล่มเหลือง or ทร.13). This book specifically serves the purpose of recording the details of foreign residents in Thailand. Please note that the Yellow House Registration Book is used to document the residence information of foreigners and is distinct from the regular blue House Registration Book used for Thai citizens. There are two types of household registration books available: 1. Blue House Registration Book (ท.ร.14): This book, in blue color, is for individuals with Thai nationality. 2. Yellow House Registration Book (ท.ร.13): This book, in yellow color, is specifically for foreigners. The household registration is a document that specifies who the head of the household is and who the residents are in a particular residence. This is in accordance with the Registration Act, and individuals can request to be registered by submitting an application at the district or municipal registration office. In Bangkok, this process is carried out at the district office. While the cost of obtaining a household registration is relatively affordable, the processing time may vary. The Registration Act governs the procedures for applying for and maintaining household registration in Thailand. Registering for the Yellow House Registration Book (ท.ร.13) is intended for foreign individuals who enter the country legally but are in a temporary status. The specific rules and requirements for registration can vary between districts, and each district office may have its own regulations. Documentation required for registration typically includes personal identification documents and photographs. For instance, some district registration offices may request a certificate from the embassy confirming the individual's residence in Thailand, while others may not. Preparing documents for a foreigner marrying a Thai national involves attention to the following details: 1. Original Passport 2. Copy of Passport Certified by the Embassy and Translated into Thai, Certified by the Thai Consular 3. Work Permit in Thailand (if working in Thailand) 4. Marriage Certificate 5. Birth Certificate of the Child (if applicable) 6. Two Passport-sized Photos (1.5 inches) 7. Original National ID card of the Thai Spouse 8. Original National ID card of the Foreign Spouse 9. Original Household Registration Book of the Thai Spouse 10. Copy of Household Registration Book (prepare as a backup) 11. Two Witnesses with their National ID Cards (should be individuals who know the couple) The Thai spouses must have their names registered in the same household registration. Preparing documents for the case where a foreigner purchases real estate and wishes to have their name registered as the property owner: 1. Passport: Copy of the foreigner's passport. 2. Visa and Work Permit (if applicable): Copy of the visa and work permit (if the foreigner is employed in Thailand). 3. Title Deed (Chanote): Original or copy of the title deed (Chanote) of the property. 4. Sales Agreement: Copy of the sales agreement for the property. 5. Receipt of Payment: Proof of payment for the property. 6. Certificate of Residence (if required): Some districts may require a certificate of residence for the foreigner. Check with the local registration office. 7. Power of Attorney (if using a representative): If someone else is representing the foreigner in the transaction, a power of attorney may be required. 8. Translation of Documents: Translations of relevant documents into Thai, certified by a licensed translator. 9. Land Department Forms: Any forms required by the Land Department for the property registration process. "Submit all documents to the district office or the district chief's office for verification. An official will review the documents and schedule an interview. The interview will be conducted in the Thai language. If a foreigner is unable to communicate in Thai, they must bring an interpreter." This information outlines the process of submitting documents for verification, scheduling an interview, and the language requirements for the interview, emphasizing the need for an interpreter if the foreigner cannot communicate in Thai.

NOV

The bridge across Koh Samui

The expressway project connecting the mainland to Samui The bridge across Koh Samui with 7 possible routes, covering distances of 22-29 kilometers. The estimated investment exceeds 50 billion Baht. The feasibility study is expected to be completed by 2025, with an Environmental Impact Assessment (EIA) report submitted. The project is planned for cabinet approval in 2028, and construction is anticipated to take 4 years. On August 8, 2566, the Expressway Authority of Thailand (EXAT) held the first public consultation meeting, initiating the project feasibility study for the Samui Bridge Expressway. The meeting covered aspects of engineering, economics, finance, and environmental impact. Mr. Sureshchet Laopulok, Director of EXAT, and Mr. Chuen Nattadej Kansukul, Governor of Nakhon Si Thammarat Province, jointly presided over the meeting. The objective was to present the project's background, significance, preliminary concepts, alternative routes, initial designs, processes, steps, and the operational plan. This provided an opportunity for all relevant stakeholders in the area to be informed about the project from its inception and to participate by providing feedback and suggestions for consideration in the ongoing feasibility study. Approximately 150 participants attended the meeting, representing government agencies, private sector entities, local authorities, educational institutions, academic experts, community leaders, and members of the public. The meeting took place at Fortune 2 Meeting Room, Grand Fortune Hotel, Nakhon Si Thammarat. For the Samui Bridge project, connecting Koh Samui District in Surat Thani Province to Khanom District in Nakhon Si Thammarat Province, covering a total distance of over 20 kilometers, the estimated construction cost is around 50 billion Baht. The project's route has been designed with the starting point in Koh Samui District, Surat Thani Province, and the endpoint in Khanom District, Nakhon Si Thammarat Province. The starting point has three potential locations as follows Location 1 is situated near kilometer point 30+700 of Highway 4142 in the area of Don Sak Subdistrict, Don Sak District, Surat Thani Province. It is located approximately 3 kilometers from the entrance to the Raja Ferry Pier. Location 2 is situated near kilometer point 4+900 of Rural Highway 4044 in the area of Thong Nian Subdistrict, Khanom District, Nakhon Si Thammarat Province, in the vicinity of the Laem Prathap intersection. Location 3 is situated near kilometer point 9+400 of Rural Highway 4044 in the area of Thong Nian Subdistrict, Khanom District, Nakhon Si Thammarat Province. The endpoint has three potential locations as follows Location 1 is situated near kilometer point 5+650 of Highway 4170, north of Ao Phang Ka, in the area of Taling Ngam Subdistrict, Koh Samui District, Surat Thani Province. Location 2 is situated near kilometer point 6+100 of Highway 4170 (Phang Ka intersection), overlapping with the road to the Tan Rua Pier, which falls under the responsibility of the Municipal Office of Koh Samui. It is in the area of Taling Ngam Subdistrict, Koh Samui District, Surat Thani Province. Location 3 is situated near kilometer point 9+000 of Highway 4170, at the end of Hin Lad Bay. It is an open agricultural area in the Taling Ngam Subdistrict, Koh Samui District, Surat Thani Province. According to information from the Expressway Authority of Thailand (EXAT) revealed to Isra News, the project values for each of the 7 routes are still under study. These values will need to be calculated along with the cost of land expropriation in certain areas. However, based on inquiries with consulting companies, the estimated project values are roughly between 25,000 and 50,000 million Baht for all 7 routes. Routes 1-3 are projected to start from Don Sak District, Surat Thani, with a distance of 28-30 kilometers, while Routes 4-7 are anticipated to commence from Khanom District, Nakhon Si Thammarat, with a distance of 22-25 kilometers. Today, our page is presenting information about The expressway project connecting the mainland to Samui, hoping that it will be beneficial for all of you who come here to read. Additionally, The Property Center page also has many other great articles that you can read. If any of you are looking to find a house or other real estate, you can entrust your property to us for sale. We have clients contacting us every day, and we will professionally handle the work on your behalf. The Property Center warmly welcomes all homeowners. We have a team that posts on various online media platforms and creates advertisements in newspapers and marketplaces. These services are free, and we only charge a commission fee of 3-5%. Please contact us promptly. Thanks for the information https://mgronline.com/business/detail/9660000071335 https://www.matichon.co.th/region/news_4105855#google_vignette

NOV

How can foreigners buy condominiums or houses in Thailand?

How can foreigners buy condominiums or houses in Thailand? Can foreigners buy condominiums in Thailand? The answer to the question in this context is 'yes,' but there are conditions for ownership, which are limited by the Condominium Act (No. 4) B.E. 2551, Article 19. It states that 'each condominium unit in a building can be owned by a foreigner or a juristic person, provided that when combined, the total ownership does not exceed 49 percent of the total space in all units in that building, while the registration of the condominium is in accordance with Article 6.' In simpler terms, foreigners can buy condominium units under full ownership (freehold) but are limited to a maximum of 49 percent of the total unit space in the condominium project. "For example" "In one condominium project, there are a total of 200 units, and each unit has an area of 100 square meters, resulting in a total area of 20,000 square meters. Therefore, foreigners can own freehold ownership of up to 9,800 square meters, and so on. "But if a condominium project has reached the maximum allowed foreign ownership limit, other foreigners will no longer be able to purchase units in that condominium." Can foreigners purchase other types of real estate aside from condominiums? The answer to this question is 'no,' as foreigners are generally not allowed to purchase other types of real estate besides condominiums. However, if a foreigner is registered as married to a Thai national, they can purchase other types of real estate, such as townhouses, land, or even single houses within a village project. This is possible either by being a co-borrower with the Thai spouse or by providing a guarantee for the Thai spouse, who is the primary borrower. 1.The steps for foreigners to buy a condominium 1.After choosing the desired condominium, the process for foreigners to buy a condominium typically begins with making a room reservation deposit, which is usually around 50,000-150,000 Thai Baht. 2.Next, there will be an appointment to create a Sale and Purchase Agreement. In the agreement, the details of the unit and the total amount to be paid will be specified. If there are installment payments for the down payment, they will also be outlined in this contract. 3.The next step is the transfer of ownership. The buyer will need to prepare the funds or arrange for a loan if not purchasing in cash. Foreigners can authorize a developer or an agent to carry out the ownership transfer at the Land Office on their behalf, but they should also prepare the necessary documents in Thailand themselves. 4.The final step in the process of foreigners buying a condominium is that the foreign buyer will receive a title deed for the unit and a sale and purchase agreement from the Land Office, which signifies that the foreign buyer is the full owner of the condominium. 2.Payment process for foreigners buying condominiums in Thailand 1.Reservation Fee: This can be paid through credit card or by transferring money from abroad. Down Payment: Usually, the down payment is around 20-30% of the unit's price. 2.Each installment of the down payment should be transferred from abroad in foreign currency. 3.Ownership Transfer: The funds for the ownership transfer should also be transferred from abroad in foreign currency unless the foreign buyer has funds in a Thai bank account. If the buyer has the full amount, they can pay it directly. If not, foreign buyers can apply for a loan from a Thai bank or financial institution to make the payment." 3.Money transfer Foreigners who have funds in a Thai bank account cannot transfer money directly for property purchase; they must transfer the funds abroad first and then transfer them back to Thailand to obtain a FOREX/FET certificate, which will be used as documentation for future property transfers. When transferring money to Thailand for the purchase of a condominium, foreigners can transfer the funds directly to the developer or seller or transfer the money into their own account in Thailand before transferring it to the seller." "Foreigners who transfer money from abroad for property purchases must have a bank account in a foreign country to be able to initiate the money transfer process. They can transfer the funds directly to the seller or transfer the money into their own Thai bank account before further transferring it to the seller. However, there is an exception for Chinese nationals, as Chinese law does not permit Chinese citizens to transfer money for the purchase of overseas real estate. Therefore, if a Chinese national wishes to buy a condominium in Thailand, they must open a bank account in Thailand first and then gradually transfer money from abroad into their Thai bank account. Chinese law specifies that Chinese citizens can only transfer a maximum of $50,000 per person per year to foreign countries. Therefore, for condominium purchases exceeding this limit, another person may need to transfer the money into the buyer's Thai bank account. After the money has been transferred into the buyer's Thai bank account, they can proceed to transfer the funds to the developer or seller. 4.Preparing documents for applying for a home loan for foreigners. Preparing documents to apply for a home loan for foreigners is similar to the process for Thai citizens, with documents divided into three categories: 1.Category 1: Personal Identification Documents - Passport - Visa (permit to stay in Thailand) - Work Permit (if applicable) - Marriage Certificate (if registered with a Thai spouse) 2.Category 2: Financial Capability Documents - Income Certification - Payment Slips - Bank Account Statements showing transaction history - Tax Return documents or Withholding Tax Certificates 3. Category 3: Property Details Documents - Condominium Title Deed (Chanote) - Building layout plans - Unit floor plans - Property photographs - Sale and Purchase Agreement - Deposit Agreement or proof of down payment Thanks for the information http://www.ddproperty.com/en/property-guides https://blog.propertyhub.in.th/PH202--

AUG

Latest update on Company structure and registration.

How To Set Up A Thai Limited Company As many people nowadays are turning to start their own businesses, these ventures could range from small family enterprises to companies that expand and grow over time. Once you've decided to establish your own company, "company registration" becomes a crucial step that cannot be avoided. Here's a simple guide to the process: Company registration can be classified into two main types based on the individuals who will collectively establish the company: 1.Partnership Registration or Sole Proprietorship (บุคคลธรรมดา): This type of registration is suitable for small businesses and is owned by one or more individuals who are personally liable for the company's debts and obligations. In a partnership, two or more individuals can come together to operate the business jointly and share its profits and liabilities. 2.Juristic Person Registration (นิติบุคคล): This category refers to companies that have a separate legal identity from their owners. Such companies can own assets, engage in contracts, and be held accountable for their own debts and obligations. This category includes various forms such as private limited companies, public limited companies, and limited partnerships. For those wondering whether it's possible to register a company with only two individuals, the answer is yes. Generally, registering a partnership can be done with just two people. Furthermore, as of February 7, 2023, the laws have been amended to allow the registration of limited companies with two or more founders. This change was announced by the Department of Business Development. The process of registering a company typically involves the following steps: The process of company registration is crucial, particularly as your business expands, especially when your earnings surpass 750,000 Baht. For individuals earning this amount, the tax rate can reach up to 35%, whereas through company registration, the maximum income tax rate is capped at 20% only. This highlights the tax-saving benefits and enhanced business credibility that company registration offers. Contrary to common beliefs, the process of company registration is not as complex as perceived. It requires adequate preparation of documents and adherence to the subsequent steps outlined in the company registration process below. 1.Study Company Registration Information Before deciding to register a company, it's important to study and understand the necessary information. Learn about the different types of company registration and determine which type aligns best with your business activities. This preparation is crucial to ensure readiness in terms of documentation, company name selection, and other aspects. Company registration can be completed in as little as one day. 2.Prepare Documents for Company Registration A crucial step in the company registration process is preparing the necessary documents for submission. Other documents related to the company need to be endorsed with a certified signature from any one of the shareholders. As for the identification cards of each shareholder, they can personally sign these documents. The documents must be ready prior to going for a one-day company registration at the Department of Business Development. Regarding company registration for companies with foreign shareholders, there are two main scenarios to understand: Foreign Shareholding Not Exceeding 49%: This refers to cases where the foreign shareholder is of a nationality other than Thai and holds shares in the company not exceeding 49% of the total shareholding. In this case, the company is considered a Thai juristic person. Foreign Shareholding of 50% or More: This pertains to instances where the foreign shareholder is of a nationality other than Thai and holds shares in the company equal to or exceeding 50% of the total shareholding. In this case, the company is considered a foreign juristic person. Subsequently, certain conditions apply: • The business must obtain a Foreign Business License. • The company is prohibited from owning land. • There are limitations on conducting business activities according to the Foreign Business Act. 3.Company name reservation For choosing an appropriate company name to prevent future issues, it's important to avoid using misleading terms. Do not incorporate the name of the current monarch or members of the royal family, and refrain from using country names, ministry names, department names, or any names associated with government entities. The process of checking and reserving a company name involves two steps: Free Membership Application: Apply for free membership with the Department of Business Development. Access Name Reservation/Examination of Juristic Person Application: Navigate to the "Name Reservation/Examination of Juristic Person Application" section. You can reserve up to 3 company names. The chosen names must not be duplicates or closely resemble names of existing companies. 4.Registering the Memorandum of Association and Submitting to the Registrar The process of registering the Memorandum of Association involves submitting a document expressing the intention to establish a company to be further submitted to the registrar. This submission must be made within 30 days after the registrar's signature is affixed to the document. 5.Arranging Share Subscription and Scheduling Shareholders' Meeting Shareholders need not necessarily be the founders of the company. Each person must hold at least 1 share or more. Once the company's shares are fully subscribed and sold, a letter must be issued to schedule a shareholders' meeting. The meeting should be scheduled at least 7 days after the issuance of the letter. 6.Convene a statutory meeting ‍A statutory meeting is convened to make all the appointments once the share structure for the company has been defined, the Memorandum of Association and the Articles of Association are approved, the Board of Directors is elected and an Auditor is appointed. 7.Establishing the Company Committee The subsequent step is to convene a meeting to establish the company committee. This process is carried out to ensure that individuals are designated to collect 25% of the actual share price as share payment, representing the founders of the company. This step is essential for proceeding with the company registration application. The registration application must be filed within 3 months from the date of the committee establishment meeting. Failure to do so within the specified timeframe would require the organization of a new meeting. 8.Payment of Registration Fees for Company Registration - Certification fee for each document: 40 Baht - Certification fee for certified copies of the registration application: 50 Baht - Fee for issuing a certificate of registration: 100 Baht - Stamp duty fee: 200 Baht - Company affidavit registration fee: Calculated based on the registered capital, starting from 500 Baht with a minimum payment of 500 Baht and a maximum payment of 25,000 Baht. - Limited company registration fee based on registered capital: 500 Baht per 100,000 Baht of registered capital, with a minimum payment of 5,000 Baht and a maximum payment of 250,000 Baht. 9. Receiving the Certificate and Registration Confirmation Arriving at the final step of company registration is the process of receiving the certificate and registration confirmation. These documents are legally significant for conducting your business. When you reach this stage, it indicates that your company has been formally established and the registration process is completed. You can request these documents from the Registrar at the Department of Business Development in the area where your company is located or from the Commercial Affairs Office in your province. Today, our page is presenting information about Thai Company set up, hoping that it will be beneficial for all of you who come here to read. Additionally, The Property Center page also has many other great articles that you can read. If any of you are looking to find a house or other real estate, you can entrust your property to us for sale. We have clients contacting us every day, and we will professionally handle the work on your behalf. The Property Center warmly welcomes all homeowners. We have a team that posts on various online media platforms and creates advertisements in newspapers and marketplaces. These services are free, and we only charge a commission fee of 3-5%. Please contact us promptly. Thanks for the information http://kasikornbank.com/th/kbiz/article/pages/company-registration.aspx https://wonderfulpackage.com/article/v/1631/

JUL

Understand Thailand Visa

THAILAND VISA? A visa is a document that indicates a person has been granted permission to enter a country for a specified period of time. The issuing authority typically stamps a sticker or impression in the passport, although some countries use electronic visas that are linked to the passport through computer systems, without physically stamping the passport. Each type of visa may come with various conditions, such as the visa's duration, the allowed regions or areas for entry, and the period of time in which the traveler can enter and exit the country. 1. How many types of visas are there? Tourist Visa (วีซ่าท่องเที่ยว) Business Visa (วีซ่าธุรกิจ) Student Visa (วีซ่านักศึกษา) Work Visa (วีซ่าทำงาน) Transit Visa (วีซ่าตรวจสอบประเทศที่ผ่าน) Spouse Visa (วีซ่าคู่สมรส) Family Visa (วีซ่าครอบครัว) Residence Visa (วีซ่าอาศัย) Diplomatic Visa (วีซ่าทางการ) Official Visa (วีซ่าทางราชการ) Refugee Visa (วีซ่าผู้ลี้ภัย) Journalist Visa (วีซ่านักข่าว) Retirement Visa (วีซ่าเกษียณอายุ) Keep in mind that this is not an exhaustive list, and some countries may have additional or specialized visa categories based on their unique immigration rules and requirements. If you are planning to travel to a specific country, it's essential to check with the respective country's official embassy or consulate to get accurate and up-to-date information about the types of visas available. 2. Generally, a foreign citizen who wishes to enter the Kingdom of Thailand is required to obtain a visa from a Royal Thai Embassy or a Royal Thai Consulate-General. However, nationals of certain countries do not require a visa if they meet visa exemption requirements as follows: (1) they are nationals of countries which are exempted from visa requirements when entering Thailand for tourism purposes. Such nationals will be permitted to stay in the Kingdom for a period of not exceeding 30 days. For more information, please see Tourist Visa Exemption; (2) they are nationals of countries which hold bilateral agreements with Thailand on the exemption of visa requirements. For more information, please see List of Countries which have Concluded Agreements with Thailand on the Exemption of Visa Requirements. 3. Nationals of certain countries may apply for visa upon arrival in Thailand. Travelers with this type of visa are permitted to enter and stay in Thailand for a period of not exceeding 15 days. For more information, please see Visa on Arrival. 4.Travelers travelling from/through countries which have been declared Yellow Fever Infected Areas must acquire an International Health Certificate verifying the receiving of a Yellow Fever vaccination. 5. "Visa on Arrival" is a type of visa that can be obtained at the designated immigration checkpoints upon arriving at the destination country. Travelers will receive this visa directly at the immigration checkpoint upon arrival. This type of visa allows tourists to apply for it right away at the immigration checkpoint without the need for prior application or approval. It is not necessary to go through the visa application process at an embassy or consulate before traveling. 6. Please note that the period of visa validity is different from the period of stay. Visa validity is the period during which a visa can be used to enter Thailand. In general, the validity of a visa is 3 months, but in some cases, visas may be issued to be valid for 6 months, 1 year or 3 years. The validity of a visa is granted with discretion by the Royal Thai Embassy or Royal Thai Consulate-General and is displayed on the visa sticker. 7.The process of applying for a visa to enter a country, especially for tourism purposes, typically involves three main channels: Applying through an embassy or a visa application center: Applying online through the official website: Applying upon arrival at the destination's airport: 8.The documents required for a visa application typically include: Visa Application Form: Completed and signed visa application form provided by the embassy or official visa application center. Passport: A valid passport with a minimum of six months validity beyond the intended period of stay in the destination country. Passport-sized Photos: Recent passport-sized photos that meet the specifications set by the embassy or consulate of the destination country. Financial Documents: Proof of sufficient financial means to cover the expenses during the stay, such as bank statements, income statements, or a letter of sponsorship (if applicable). Additional Supporting Documents: Other documents to support the purpose of the visit, such as round-trip flight tickets, hotel reservations, travel itinerary, invitation letters, or employment verification letter (if applicable). Today, our page is presenting information about the Thailand Elite Visa, hoping that it will be beneficial for all of you who come here to read. Additionally, The Property Center page also has many other great articles that you can read. If any of you are looking to find a house or other real estate, you can entrust your property to us for sale. We have clients contacting us every day, and we will professionally handle the work on your behalf. The Property Center warmly welcomes all homeowners. We have a team that posts on various online media platforms and creates advertisements in newspapers and marketplaces. These services are free, and we only charge a commission fee of 3-5%. Please contact us promptly. Thank you for information from: http://www.immigration.go.th/?page_id=2763 https://www.trueplookpanya.com/dhamma/content/92243 http://travel.kapook.com/view264976.html thailand.acclime.com/

APR

7 Tips For Home Sellers In 2023

How to sell a house to sell quickly, update 2023 7 Tips For Home Sellers In 2023 For real estate investors or those looking to sell their property, this may be a golden opportunity in the Koh Samui market. This is due to temporary residency of some foreign nationals who wish to move their base due to the ongoing conflict between Russia and Ukraine. Additionally, Chinese nationals who have recently opened up after a long lockdown may be interested. Today, The Property Center has some great techniques to help you sell your home or property quickly, as you had hoped for. 1.Set an appropriate price Price is a crucial factor in making real estate, whether it's a house, townhouse/townhome, condo, or land, sell quickly. Therefore, setting the selling price is quite important and is the first point to consider. The selling price must take into account various factors, such as the appraisal price from the Treasury Department, the appraisal price from independent organizations or financial institutions, as well as the market price or actual transaction price in that location. 2.Make the product interesting Even though people are more cautious with their spending, there are still many potential buyers looking to purchase real estate, especially through online channels. To sell effectively, it is important to make the property interesting by adding value through renovations or updates to make it more appealing for buyers who are looking to work from home. This could include incorporating flexible furniture or showcasing the property's potential for a home office. Additionally, using attractive photos and providing comprehensive information about the property can help grab potential buyers' attention. 3.Posting a residential property for sale There are numerous options available for those who wish to sell their real estate properties, both those that require payment and those that do not. In the case of an owner selling their own property, they can take various pictures of the house from different angles and prepare important basic information, such as the location, the size of the property, and the public utility systems nearby. Then they can post the information and photos on various platforms. Here are some recommended areas for posting a property for sale: The advantage of real estate buying and selling websites is that these websites have information to attract potential buyers continuously. There is a greater chance for customers to see houses or condos that are for sale. Facebook groups related to real estate are also a popular online platform for posting advertisements for residential properties for sale, but it is necessary to inquire about the rules and regulations of the group before posting. Putting up a sign in front of the house and in nearby areas is another offline method that should not be overlooked. This helps increase opportunities for interested parties, especially in one's own neighborhood. However, don't forget to make a sign with clear contact information. 4.Check the expenses for which the seller is liable In real estate transactions, there are expenses that the buyer and seller need to agree upon who will be responsible for paying. If there is an agreement reached before the sale, it can help make the transaction smoother and more organized. The expenses typically include the following: Transfer fee: The transfer fee is usually 2% of the assessed value of the property and includes land and buildings. The cost is generally split equally between the buyer and the seller. However, in cases where the seller is an individual who is not willing to reduce the home price, the seller may agree to pay the entire transfer fee, or other agreements may be made between the buyer and the seller. Specific business tax: The specific business tax is generally a cost borne by the seller and is calculated at 3.3% of the sale price. The seller must have owned the property for no more than 5 years. However, if the seller has owned the property for more than 5 years or has had his or her name on the house registration for more than 1 year, the specific business tax will not apply. Instead, the seller will need to pay a stamp duty. Stamp duty: Stamp duty is generally an expense for the seller, calculated as 0.5% of the sales price, but not less than the appraised value of the land. If the appraised value is lower than the sales price, the stamp duty will be calculated based on the appraised value. However, if the seller is subject to paying the specific business tax, they will not have to pay stamp duty. Personal income tax: In cases where the seller is an individual, they must pay personal income tax as they have earned income from the transaction. The personal income tax is calculated using a progressive rate system and the amount of tax depends on the method used and the number of years of ownership. For example, if the property was acquired through purchase and has been held for a long time, a high amount of transfer tax will be due, taking into account the appraised value of the land and buildings according to the Department of Lands. 5.Contracts must not be missed to prevent disadvantages A sales contract is a document of great importance in buying and selling a house, so every detail must be carefully considered. A good contract makes both the buyer and the seller feel comfortable. A good contract should contain important information such as: In terms of size and price of the transaction, it is important to verify that the size of the land, the area of the house, and the price agreed upon in the contract for buying and selling are accurate. The contract (Form T.D.13) must include a verification of the accurate price of the house and the land title deed number. The date of the property transfer appointment must be specified in the contract for buying and selling. Sufficient time should be allocated for loan application and home inspection. If there is no specified date for property transfer in the contract, the contract may become null and void. Responsibility for expenses must be considered. There are various costs associated with buying and selling a house such as transfer fees and taxes, which may become problematic if the buyer and seller do not agree on who is responsible for which expenses. Therefore, it is important to clearly state in the contract who will be responsible for which expenses. Penalty for breach of contract: If the seller is late in delivering the house or cancels the contract without the buyer violating any terms, the buyer has the right to charge a daily penalty rate of not less than 0.01% but not exceeding 10% of the purchase price. The penalty rate should be clearly specified in the contract. Both the seller and the buyer must ensure that they receive fair treatment in every aspect of the contract, such as contract cancellation, deposit refund, and home warranty. Additional terms and conditions regarding the purchase agreement will be specified at the end of the contract. Please read it thoroughly before signing the agreement. 6.Work with a proactive realtor If you do not have knowledge and experience in selling, as well as in areas such as law, finance, government procedures, selling real estate can be difficult and complex. It is recommended to use the services of a real estate agent, an important assistant who will help with the sale starting from: Providing advice on preparing the house before announcing the sale, such as decoration and pricing. In the case of a second-hand house, the agent can inspect for defects, estimate the value of the house, and provide advice to improve and help sell the house easily at a good price. Marketing, finding customers, contacting them, and carrying out various operations, including taking customers to view the house and closing the sale. Preparing the sales contract, notifying the owner of the house to prepare various documents, and helping to facilitate the buying and selling and transfer of ownership. As for the agent's fee, it is generally 3% of the sale price, or it may be negotiated to be lower if the house to be sold has a very high price. The agent will collect the fee after the sale contract is successfully signed. 7.Pay attention to cleanliness Whether during this period of COVID-19 outbreak or not, one important factor that should not be overlooked is cleanliness. Before selling a house or condominium, it is important to clean the property thoroughly before the buyer moves in. This can benefit the sale, as a clean house or condominium can attract and impress potential buyers or renters from the very first glance. All of these are 7 good techniques to make selling a house easier, even in this economic downturn. There are still positive signs of increased demand for real estate, and it is an opportunity for sellers to use these techniques to win over potential buyers. If any homeowners are not available or do not have the time and would like us to manage these matters on their behalf, we have customers contacting us every day looking for other properties, and you can entrust us to sell your property for you. Let the professionals handle the work while you wait for the sale. The Property Center welcomes all homeowners, and we have a team that posts on various online media and creates ads in social and marketing platforms on your behalf. These services are free of charge, and we only charge a commission of 3-5% for our services. Please contact us promptly. Thank you information from: https://www.ddproperty.com/%E0%B8%84%E0%B8%B9%E0%B9%88%E0%B8%A1%E0%B8%B7%E0%B8%AD%E0%B8%8B%E0%B8%B7%E0%B9%89%E0%B8%AD%E0%B8%82%E0%B8%B2%E0%B8%A2/7-%E0%B9%80%E0%B8%97%E0%B8%84%E0%B8%99%E0%B8%B4%E0%B8%84-%E0%B8%82%E0%B8%B2%E0%B8%A2%E0%B8%9A%E0%B9%89%E0%B8%B2%E0%B8%99-%E0%B8%AD%E0%B8%AD%E0%B8%81%E0%B8%87%E0%B9%88%E0%B8%B2%E0%B8%A2-28142

APR

3 simple important things before loaning for building house

Housing Loan "Home loans" are often understood as borrowing money from a bank to buy a house. While this is not entirely wrong, there's more to it. In reality, we can also apply for a home loan to build a house on our own land. If we already own the land, we can even borrow up to 100% of the construction cost. This means we don't have to pay anything for the construction of the house. It's a very interesting option. Let's learn more about it. 1."Having only land can also be used as collateral to get a home construction loan." If you have land and want to borrow money specifically for the construction of a house, it is possible to do so. The bank will consider the loan amount by evaluating the value of the house from the house construction plan, also known as the "green print," and the assessed value of the land together. The loan amount provided will not exceed 100% of the cost of building the house (as per the contract) and not exceed 90% of the appraised value of the land and house combined. Regarding the provision of home construction loans, the bank does not disburse the entire amount at once. Instead, the borrower will receive the money in installments based on the progress of the construction work specified in the loan agreement. The interest will be calculated gradually based on the amount of loan disbursement. For example, in installment 1, the borrower may receive 200,000 baht upon completion of the floor plan and foundation. Then, installment 2 may be released as 300,000 baht when the structural frame and flooring are completed. At each installment, the bank will evaluate whether the actual construction progress meets the conditions specified in the loan agreement. 2.Required Documents for Applying for a Loan When applying for a home construction loan with a bank, in addition to preparing personal identification documents such as ID card and house registration, and income-related documents such as salary slips, income certificates, and bank statements, we also need to prepare other documents related to construction, such as: 1.House construction plan and construction permit 2.Land ownership document and land deed 3.Building contractor's license and company registration document 4.Construction agreement and contract 5.Building material cost estimate and project cost breakdown 6.Inspection and quality control plan 7.Insurance policy for construction and property insurance 3. Preparation expenses The costs associated with building a house: The cost of designing a house, if using an architect for the design, will depend on the agreement. It could be calculated as a percentage of the construction cost, such as 5% of the construction cost, or a fixed fee could be charged, such as 50,000 baht for the design. Expenses related to loan application: Survey and appraisal fees, which are typically around 3,000 baht. Stamp duty for loan agreement, which is 0.05% of the loan amount (up to a maximum of 10,000 baht). Mortgage fees, which are 1% of the loan amount. The collateral for the mortgage is not only the house, but also the land on which the house will be built. Fire insurance premium, which depends on various factors such as insurance coverage, property value, and coverage period. To summarize, we can have our dream home by having these three things. 1.Land If you already own the land, you can get a loan of up to 100% of the house construction cost, and up to 90% of the appraised value of the land with the house. If you purchase land with a house to be built, you can get a loan of up to 90% of the total purchase price including the cost of building the house, and up to 90% of the appraised value of the land with the house. 2.Loan application documents Land title deed (Chanote) in green color Building permit and contract for hiring a contractor. 3.Expenses (or costs) Construction costs, such as design fees Loan application expenses, such as survey and appraisal fees, stamp duty, mortgage fees, and fire insurance premiums. If you are still unsure about what type of house to build because you're not certain how much money you can borrow for a home loan, it's best to consult with a bank officer for an initial assessment of your borrowing capacity. You can also get additional information by consulting with a bank near you. And if you're looking for a beautiful plot of land on Koh Samui to build your dream home, The Property Center offers a wide selection of gorgeous properties. Check out their beautiful listings at this link:https://www.thepropertycenter.asia/search- Thank you information from : https://www.kasikornbank.com/th/kexpert/knowledge/articles/loan/Pages/Home_A059.aspx?fbclid=IwAR2ui2W_nOFGeuDwmNGr2Ilo7nJQKVDMkosZUi0tSdYeVCV35HSg1HzVCNM