According to deputy government spokeswoman Lalida Persvivatana, the Department of Business Development issued the Office of the Central Company and Partnership Registration Order No.1/2026, establishing additional registration rules and procedures to prevent the use of Thais as nominee shareholders on behalf of foreigners conducting business in Thailand.
Effective January 1st, 2024, any foreign-earned income [example; salary, interest earned on savings, capital gain on assets etc] brought into Thailand that was earned and realized during any tax year, shall be subject to Thai personal income tax [ PIT ] assessment in the year it was brought/sent to Thailand. The main difference between this law previously and moving forward [from 1st January, 2024], is that personal income tax on any/all foreign-earned income shall now be applicable regardless of which [fiscal] year that income was earned and realized.
Foreigners investing 10+ million baht in Thailand can qualify for an Investment Visa via the following methods; a) purchase a condominium unit [or multiple condo units] to the total value of 10+ million baht in a new development or, b) purchase Thai government or Thai state enterprise bonds to the value of 10+ million baht or, c) deposit funds in a Fixed Deposit Account in a Thai Bank to the value of 10+ million baht.
Traditionally, ownership of an Apartment in Thailand has been all but impossible. Why? Predominately because the Building Permit was issued for the entire building, not for each/every apartment within the building. As a result, those interested in purchasing an Apartment had to engage via a complicated contractual structure in order to cover all implications, like; a) a Sale & Purchase Agreement, b) a Shareholder’s Agreement, c) a Co-ownership Agreement and d) a Homeowners Association Agreement.
