Haris & Associates Phuket Thailand Legal Blog

Your Reliable Source Of Legal Information in Thailand

Russians rolling back to Phuket

PHUKET: A resurgence in the number of Russian tourists coming to Phuket has piqued hopes for a Russian revival pumping much-needed life-blood back into Phuket’s critical tourism industry.   Fueling the interest in the revitalised tourist source market are more than six consecutive months of over 20 per cent growth…

Thailand Holds Key Rate as Economic Recovery Gains Momentum

Thailand’s central bank kept its benchmark interest rate unchanged for an 11th consecutive meeting, the longest streak on record, as an economic recovery continues to gain momentum. The Bank of Thailand held its one-day bond repurchase rate at 1.5 percent, with monetary policy committee members voting unanimously in favor, it…

Land, buildings tax arrives

The long-awaited land and buildings tax that won cabinet approval yesterday is expected to generate more than 64 billion baht for government coffers when it takes effect next year. According to Finance Minister Apisak Tantivorawong, 60 billion baht is to come from commercial buildings, 4 billion from residences and 50…

Thai GDP bounces 3.2% in Q1, above expectations

Thailand’s GDP growth hit a three-year high of 3.2% in the first quarter, thanks to government stimulus measures and rapid improvement in the tourism sector, says the country’s economic think tank. Citing the aggressive deployment of stimulus measures by the government since last September, the National Economic and Social Development…

Shopping for a Condominium: Foreign Freehold Possession

  The simplest and most safe means for a foreign investor to buy actual property property in Thailand is to buy a condominium unit freehold as a result of the minimal legal requirements which  you can see below. Requirements To be able to be eligible to buy a condominium freehold…

Ripe for the picking – Phuket Real Estate

While there actually isn’t blood within the streets right here in Phuket the property market stays gradual with a consensus to attend on the facet strains. A faltering international economic system, the weak point of the European currencies, politics, have all contributed to the softness of the market right here….

Thai Condominium Prices show 60 percent increase since 2009

Apichart Chutrakul succeeded in transforming a small family construction business into one of the biggest developers in Thailand. He believes property is still cheap in Thailand, despite a 60% price jump since 2009. Sansiri Plc, Thailand’s second-largest property developer by sales, plans to attract Japanese investors to its projects in…

First Quarter 2016 Shows Thailand tourist arrivals jump 15%

Thailand’s Ministry of Tourism and Sports’ data showed the country attracted 9,038,893 international visits during the first three months of this year compared to 7,829,153 visits during the same period last year. A 15% increase fueled by Chinese arrivals. Once again Thailand’s tourist industry gets a boost from China with a…

Brace for surge in Chinese interest in Phuket property

PHUKET: The CEO of China’s largest international property website has predicted huge growth in the interest in Phuket property from Chinese buyers. “The past 12 months have seen strong growth in Chinese interest in Phuket, which they have really only discovered in big numbers during the last couple of years,”…

33 million foreign tourists predicted for Thailand in 2016

Up to 33.83 million foreign tourists are set to visit Thailand this year, up 13.22 percent on the 29.8 million who visited last year, according to the Tourism Council of Thailand (TCT). President of the TCT, Ittirit Kinglek, said the council project income from tourists this year could reach 1.75…

Phuket voted 8th among world top 10 islands

PHUKET: Phuket has won eighth place among the world’s top 10 islands in the latest reader survey conducted by travel review website TripAdvisor. Phuket was described by TripAdvisor as an island with “blue lagoons and salmon sunsets [that] make for a dream-like atmosphere, and indeed, a vacation here can feel…

Live in Phuket, work abroad

Family Homes in demand There is a growing trend in Phuket for more and more Expats within SE Asia to relocate their families here whilst commuting to work in Major cities such as Singapore, Hong Kong, KL, and Bangkok. Phuket’s international airport provides a person doing business in the region…

Phuket set to be Thailand’s first smart city!

Phuket will be turned into an innovation-driven smart city this year in a pilot project to promote digital-related investment and further development of the tourism industry. The move is part of the government’s digital economy policy, said Jeerawan Boonperm, chairwoman of the Software Industry Promotion Agency (Sipa). The government has…

TAT forecasts 2016 Russian rebound

The number of Russian tourist arrivals is expected to bounce back by mid-2016, as Russia’s economy will bottom out soon, says the Tourism Authority of Thailand (TAT). The Russian economy has been in recession,worsened by trade sanctions by Western countries, with the rouble weakening by more than 50% against the baht since last…

Billions to become Asean digital-business hub

PHUKET: A 10-billion-baht digital real estate project was revealed this week, as the private sector prepares to team up with government agencies in order to draw big name technology companies – such as Microsoft, Google, Alibaba, Samsung and Facebook – to Phuket. “We want to capitalize on the island’s potential…

Phuket high-end properties bounce back, at twice the price

PHUKET: Prices of new “super prime” properties launched in Phuket this year show an increase of 120 per cent compared with similar ultra-high-end properties launched between 2007 and 2011, reports Knight Frank (Thailand). Selling prices of new super prime projects in Phuket launched in 2015 range from US$7.5 million (more…

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