Legal Information

Legal Information

Boonthanaphiphat Co., Ltd. – Legal Information

1. Introduction

Welcome to Boonthanaphiphat Co., Ltd. By accessing and using our website and services, you agree to comply with and be bound by the following terms and conditions. Please read them carefully.

2. Real Estate Laws in Thailand

2.1 Ownership of Property by Foreigners

  • Foreign individuals and entities cannot own land in Thailand but can own buildings and condominiums. Up to 49% of the total area of all condominium units in a building can be foreign-owned.
  • Leasehold ownership for up to 30 years is allowed and can be renewed for further periods.

2.2 Property Transfer and Registration

  • Property transfers must be registered at the Land Department.
  • Both parties (buyer and seller) need to be present or represented by a legal proxy.
  • The transfer fee is generally 2% of the appraised value.

2.3 Taxes and Fees

  • Transfer Fee: 2% of the appraised value.
  • Stamp Duty: 0.5% of the appraised value or sale price, whichever is higher (if exempt from business tax).
  • Specific Business Tax (SBT): 3.3% of the appraised value or sale price, whichever is higher (if applicable).
  • Withholding Tax: 1% for companies, calculated on a progressive rate for individuals.
  • Income Tax: Payable on rental income.

3. Company Setup and Legal Services

  • Boonthanaphiphat Co., Ltd. offers services to assist with company setup, including legal advice and documentation.
  • We guide clients through the process of establishing their business presence in the Thai real estate market.

4. Financing and Mortgages

  • We assist clients in securing financing and mortgages, ensuring compliance with local laws and regulations.
  • It is essential to understand the terms and conditions of any financing agreement and seek legal advice if necessary.

5. Property Management and Maintenance

  • Our property management services include regular maintenance, cleaning services and management of rental properties.
  • We ensure all services comply with Thai regulations and standards.

6. Dispute Resolution

  • Any disputes arising from property transactions or services provided by Boonthanaphiphat Co., Ltd. will be resolved in accordance with Thai law.
  • Clients are encouraged to seek mediation or arbitration to resolve disputes amicably.

7. Disclaimer

  • The information provided on our website is for general informational purposes only and does not constitute legal advice.
  • Boonthanaphiphat Co., Ltd. makes no representations or warranties about the accuracy or completeness of the information.
  • Clients should seek independent legal advice for specific legal matters.

8. Privacy Policy

  • Boonthanaphiphat Co., Ltd. respects your privacy and is committed to protecting your personal information.
  • Please refer to our [Privacy Policy] for detailed information on how we collect, use, and protect your data.

9. Contact Information

If you have any questions or need further assistance, please contact us at:

- Phone: +66 (0)86 864 6494, +66 (0)33 003 049
- Email: [Your Email Address]

By using our services, you agree to comply with these terms and conditions. Boonthanaphiphat Co., Ltd. reserves the right to modify these terms at any time.