Escrow accounts in Thailand provide a secure mechanism for managing funds or assets during transactions, particularly in real estate and business deals. By involving a neutral third party, escrow services ensure that both parties fulfill their contractual obligations before funds or property are exchanged. 1. What is an Escrow Account? An escrow account is a […]
The Foreign Business Act (FBA), established in 1999, regulates foreign business activities in Thailand. Designed to protect Thai industries, the FBA limits foreign ownership and controls the operations of foreign companies within specific sectors. For foreign investors, the FBA sets clear restrictions on direct ownership, especially in industries deemed critical to the country’s economy, culture, […]
The Thailand Long-Term Residency (LTR) Visa is designed to attract high-net-worth individuals, skilled professionals, retirees, and digital nomads to live in the country with attractive benefits. Officially introduced in 2022, the LTR visa aims to enhance foreign investment and facilitate economic growth by providing flexible residency options. It offers a 10-year visa with a range […]