Tips and tricks
Tips for starting a new business in Thailand
Are you planning to start your own business for the first time in Thailand? If so, I hope this useful information will help you put your business on the right track. The simplest and easiest sort of company for foreigners to form with a small business is a Thai Limited Company. In Thailand, a Limited Company is a company with up to 100 shareholders, who share the same business purpose and is formed with a Capital divided into legal equal shares.
Land Title Deeds
Rights of Possession
There are two main types of land ownership in Thailand which I should explain. Firstly there is the right of possession, for example, land that has been used by a family for generations to the benefit of the land and they have possession rights of the land under the civil and commercial code. Such titles are Sor Kor 1, Tor Bor 5, 6 or Sor Por Gor 4. These titles basically are only family possession rights and generally only used for farming. These titles can not be bought or sold and no building rights or legal acts would be allowed on the land. I do know of cases where families being in possession of certain pieces of land for generations have been able to upgrade them to regular land title deeds but this is not generally the case and any serious investor would not normally give any credibility to these titles of possession.
Consumer Protection in Thailand
Many people while they are on holiday will buy products in Thailand to take back home with them. Here are some pointers about what to look out for terms of your rights if you buy faulty or substandard product and want to get a replacement or your money back. Remember that if you negotiate a price at a stall or corner shop and you don't have a receipt getting your money back will be difficult.
The Gecko in Thailand
Whether you're staying on a beach or in a town, chances are you'll be sharing your room with a few geckos (even in my room). These pale green tropical lizards, which are completely harmless to humans and usually measure a cute four to ten centimeters in length, mostly appear at night, high up on walls and ceilings, where they feed on insects.
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