Prenuptial agreement in Thailand

Thai marriage and family laws in Thailand stipulate that personal property (everything you owned and owed before the marriage) remains personal property of each spouse during the course of the marriage (section 1471 civil and commercial code). A prenuptial agreement in Thailand will commonly list personal assets of each spouse and could during the course of the marriage give sole management over certain marital assets to one of the spouses.

Read more: Prenuptials in Thailand for foreigners

Condominium Apartment payment terms

Contract terms for a resale apartment unit in Thailand

In case of a resale condo unit/ apartment in Thailand the purchase price for the unit could be paid by cashier's check to the seller at the time of transfer of ownership of the unit at the land office. In this case the buyer of the condo must obtain a cashier's cheque and the foreign exchange documents (FET form) from his bank inside Thailand required for registration of foreign ownership under condominium laws.

Read more: Buying an apartment and payment terms

Land titles: ownership and claims of use or possession

Land titles for private use can be issued by the Land Department or other government departments in Thailand. The title allows certain private use and grants certain rights to use, possess, own or transfer rights to a specified area of land in Thailand. Only the Chanote or Nor Sor 4 Jor is a true ownership land title deed in Thailand.

Read more: Land Titles and Owneship Deeds

Limited Company

nominee shareholders in a Thai company

A limited company in Thailand must have a minimum of 3 shareholder at all times. Thai nationals operating a business under a company often use nominee shareholders to complete the number of 3 shareholders in the limited company. There is no general restriction for Thais that prohibited the use of nominee shareholders in a business. This is different for foreigners. Foreign investors are prohibited from using nominee shareholders in a Thai company under the foreign business act. Also bearer shares are prohibited

Read more: Thai limited company and Thai shareholders