Your Essential Guide to Phuket, Thailand
Phuket, Thailand’s largest island, is an exquisite tropical paradise that attracts millions of visitors from across the globe. Blessed with crystal-clear waters, golden beaches, and lush landscapes, Phuket offers an
In Phuket real estate and in Thailand in general, it is common to invest in off-plan new rental property programs that are not yet completed (similar to Sale before Completion – VEFA in France). However, this means waiting for the delivery, sometimes 1 or 2 years before receiving the first rents. To address this issue, several developers offer “cashback”: if the buyer chooses to pay 100% for the property upon signing the…
Thailand is known for its dream landscapes and climate, which is what motivates many tourists to visit the Kingdom. This dynamism in the tourism industry is a boon for investors, especially since the taxation is low and the Thai Baht – reflecting a balanced and healthy economy – is a strong currency. In this context, Phuket is not left behind. As the most visited island in Thailand, the pearl of the Andaman Sea is…
Phuket has historically been the most popular tourist destination in Thailand, which is why its hotel market is the most active. Its location, at the exit of the Strait of Malacca, has always made it an international crossroads, especially crossed by the Silk Road maritime route, but it is mainly the early development of the island in terms of tourism that makes it the top destination in Thailand. The first backpackers arrived as early as the 1970s and…
The Vice President of the Phuket Provincial Administration Organization, Anupab Vejwanichsanong, announced on April 22 that a recently held roadshow is expected to draw one million more Chinese tourists to the island by year’s end, according to a report by the Bangkok Post. The boost in tourism is anticipated to contribute around 40 billion baht in revenue to the island’s economy. The ‘Amazing Phuket Roadshow to …
From October 2022 to April 2023, Phuket saw a surge in demand for luxury sea view real estate properties, almost mirroring the massive increase in tourism during that period. In fact, the number of visitors to the tropical island was almost unprecedented in the last decade. At the beginning of the high season, there was a large selection of properties and a considerable supply of distinctive ocean view real estate …
In response to the unprecedented growth in Southeast Asia’s yachting market, The Yacht Sales Co and Multihull Solutions have announced a new sales centre, new senior appointments and new brands to their portfolio. The sister companies will open a third Thailand sales centre on Saturday 1 April at Ocean Marina Jomtien. Conveniently located in Chon Buri, the new centre complements the companies’ other two …
Phuket Immigration is refusing to accept applications for one-year extensions unless the foreigner provides a copy of the Chanote land title for property where the foreigner is staying ‒ even if the foreigner is only renting the
Phuket is Thailand’s second-largest city after Bangkok, and the value of land there increases year after year. The real estate market in Phuket has not yet reached its peak, and unlike many other popular destinations around the world, there is still considerable potential for investment. Developers continue to build lavish resorts and oceanfront estates to meet the demand of buyers, while a protected environment building…
After living in Thailand for six months, you will be required to pay income taxes on both domestic and international income, even if you do not have a work visa. It is recommended to work with a tax accountant to file your taxes since everything is in Thai. However, Thailand has agreements with several other countries to prevent double taxation on income. Income earned inside Thailand during retirement is…
Foreigners are not allowed to directly own the land on which a house is built. However, they can purchase a house or villa along with the surrounding land through a Thai company, which is called Thai company freehold. In this scenario, the Thai company owns the property as an asset. Although foreigners cannot own more than 49% of a Thai company, lawyers usually set up a company where the remaining…
Aside from the obvious choice of owning a piece of land on the ocean in a beautiful, tropical paradise, where the warmth of the Sun, the gentle sea breezes, literally, will add good years to your life, just be being there, then designing and building your own dream, there is a more overall practical, structured options. In Thailand, based on the condominium laws of other parts of
