TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

  • This field is for validation purposes and should be left unchanged.

Government Incentives in Other Countries Outing Thailand

Category: Real estate, Posted:06 May 2009 | 09:28 am

There remains a key link between what Government initiatives are in place to attract the foreign property investor and lucrative retirement market. One such market is Mauritius who initially launched aggressive schemes a few years ago in 2005. Integrated Resort Schemes (IRS) and lower investment Real Estate Schemes (RES) targeted different type of buyers with the former aimed at upscale villa and luxury properties while the later is more focused on the entry point condo/apartment segment.
One key perk of the market is that purchasers of homes over US$500,000 can again permanent residency though they need to be part of the IRS accredited projects. Tax advantages in the country are 15% income tax, while expenses can be deducted and no capital gains tax. The lower priced RES scheme has a minimum of US$300,000 though the permanent residency bonus is not available.
For retired persons those maintaining a US$40,000 minimum at local banks are allowed granted retirement visas. While Mauritius has been a widely used tax haven in recent times with double taxation treaties with many major jurisdictions including Thailand, the recent OECD actions look to jeopardize the sustained grow the tax sheltering. Thailand has remained mute during the present administration on the subject of foreign ownership and the likelihood of changes in legislation look to be remote in the near term.

Other News

Read more

Hua Hin Set To Grow International Airlift

Category: Tourism, Posted:12 Apr 2021 | 06:00 am One of Thailand’s best performing hotel sectors is Hua Hin. Well, let’s just say it is the best market over the past twelve months of the pandemic. The destination is now poised to look ahead post-Covid and is looking to increase overseas airlift once the country reopens. Aside from the current expansion of the gateway […]
Read more

Mass Phuket Hotel Vaccination Drive Underway

Category: Tourism, Posted:10 Apr 2021 | 17:14 pm Check out an insightful view of how Phuket’s tourism industry has come together and are pushing forward on a massive vaccination drive for hotels across the island. An inspiring story of how the island is working together. Over the past week more than 70,000 people, mostly staff of Phuket hotels have been vaccinated across the […]
Read more

Condo Hotels Trending In Bangkok’s Property Market

Category: Real estate, Posted:09 Apr 2021 | 09:44 am Bangkok’s hotel branded real estate has traditionally been focused on luxury offerings with brands such as St. Regis, Four Seasons, Ritz-Carlton, and more. While Thailand’s resort markets have and are seeing the most traction as the mid and upper-midscale branded residences, that trend is now going urban. In Bangkok Siamese Assets and Kew Green have […]