Category archives for: Legal Corner

Buying an Existing Business in Thailand

Buying an Existing Business in Thailand

by: Magna Carta Law Office

What are the pros and cons of buying an existing business in Thailand vs. starting a new business?
Buying an existing business can provide considerable benefits over starting a new business. But before you take over an existing business or start a new one, you should fully understand all the downsides [...]

Thailand Leasehold System

Thailand Leasehold System

by: Magna Carta Law Office

What is the leasehold system?
The leasehold system is a system of property tenure wherein a person, by paying a fixed sum or in installments, acquires the right to occupy a particular land or building for a pre-determined period of time. The owner of the building or land, commonly known as a [...]

Divorce in Thailand

Divorce in Thailand

by Magna Carta Law Office
What is the difference between a contested and uncontested divorce in Thailand?
Uncontested divorce is the termination of marriage by mutual consent. Contested divorce is when one or both spouses do not agree with the terms of the separation or have broken the marriage agreement. While a couple may agree to divorce, [...]

Child Custody and Child Legitimation in Thailand

Child Custody and Child Legitimation in Thailand

by: Magna Carta Law Office

Which parent will have primary child custody after divorce?
This can be decided either by the parents or by the court. If the parents are able to negotiate or make an agreement without the court’s decision, they can keep better control over present and future decisions made in behalf of the child. [...]

Marriage in Thailand

Marriage in Thailand

What is betrothal?
Betrothal is an engagement or a mutual promise or contract for a future marriage. A betrothal takes effect only when the man and the woman have completed their seventeenth year of age. However, if a minor will conclude a betrothal, the consent of any of the following is required:
1. Parents, [...]

THAILAND WORK PERMIT

THAILAND WORK PERMIT

by: Magna Carta Law Office

What is the importance of obtaining a work permit?
If you are a foreigner intending to work in Thailand, you are subject to the Alien Employment Act, which requires you to have a work permit issued by the Ministry of Labour except for an approved temporary and urgent work for a period [...]

Prenuptial agreements in Thailand

Prenuptial agreements in Thailand

by: Magna Carta Law Office

What is a prenuptial agreement?
A prenuptial or ante nuptial agreement is a written contract between two people in anticipation of marriage. It normally lists all of the assets each person owns, specifies the rights and obligations of the parties, how finances will be managed during the course of marriage, and specifies [...]

Annual Balance Sheet

Annual Balance Sheet

by: Magna Carta Law Office

What is a balance sheet?
A balance sheet is a financial statement that summarizes a company’s assets, liabilities and shareholders’ equity at a specific point in time. It’s called a balance sheet because the two sides balance out. A company has to pay for all the things it has (assets) by either [...]

Notarization of Documents

Notarization of Documents

by: Magna Carta Law Office
What is notarization?
Notarization or notarial act is the official fraud-deterrent process of examining, certifying and record-keeping performed by a notary public or notarial services attorney that solidifies the important document as trustworthy. It is a requirement of many countries that personal or commercial documents originating from or signed in another country [...]

Condominium Ownership in Thailand

Condominium Ownership in Thailand

by: Magna Carta Law Office

Can foreign nationals own a condominium in Thailand?
Non-Thai nationals are allowed to own a condominium under their names upon proving all the evidence presented is correct and provided that the ownership ratio held or to be held by the foreigner does exceed the “foreigner quota”. The Foreign purchaser [...]

16 - 31 March 2014

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