{"id":10141,"date":"2023-04-07T15:28:51","date_gmt":"2023-04-07T08:28:51","guid":{"rendered":"https:\/\/belaws.com\/thailand\/?p=10141"},"modified":"2024-12-19T10:52:02","modified_gmt":"2024-12-19T03:52:02","slug":"due-diligence","status":"publish","type":"post","link":"https:\/\/belaws.com\/thailand\/due-diligence\/","title":{"rendered":"Why Due Diligence is Recommended When Purchasing a Property in Thailand"},"content":{"rendered":"<section  class='av_textblock_section av-ks8kyyfa-e516bae24dd4ed4f78e7dedb0aea1067'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock breadcrumb'  itemprop=\"text\" >\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-18myty-919e5cb9f68131fb6240d9c12261edb4\">\n.av_font_icon.av-18myty-919e5cb9f68131fb6240d9c12261edb4 .av-icon-char{\nfont-size:11px;\nline-height:11px;\n}\n<\/style>\n<span  class='av_font_icon av-18myty-919e5cb9f68131fb6240d9c12261edb4 avia_animate_when_visible av-icon-style- avia-icon-pos-left av-no-color avia-icon-animate'><span class='av-icon-char' aria-hidden='true' data-av_icon='\ue874' data-av_iconfont='entypo-fontello' ><\/span><\/span>\n<div style=\"padding-left: 15px;\"><span class=\"\"><a href=\"https:\/\/belaws.com\/thailand\/\">Belaws Home<\/a> \u203a\u203a <a href=\"https:\/\/belaws.com\/thailand\/\">Thailand<\/a> \u203a\u203a <a href=\"https:\/\/belaws.com\/thailand\/blog\">Blog<\/a> \u203a\u203a <\/span>Why Due Diligence Recommended When Purchasing a Property in Thailand<\/div>\n<\/div><\/section>\n<\/div><\/div><\/div><!-- close content main div --><\/div><\/div><div id='introduction'  class='avia-section av-re718-6a245fcc227447d026dc3153b9173d31 main_color avia-section-no-padding avia-no-border-styling  avia-builder-el-2  el_after_av_textblock  el_before_av_section  avia-bg-style-scroll container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-10141'><div class='entry-content-wrapper clearfix'>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-ksd27few-1f8c384e085c379baccb5abbe326157c\">\n#top .hr.hr-invisible.av-ksd27few-1f8c384e085c379baccb5abbe326157c{\nheight:100px;\n}\n<\/style>\n<div  class='hr av-ksd27few-1f8c384e085c379baccb5abbe326157c hr-invisible  avia-builder-el-3  el_before_av_one_half  avia-builder-el-first  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n<div class='flex_column av-gmj0k-ac56bb06b98c278ca7684f46c4d7723e av_one_half  avia-builder-el-4  el_after_av_hr  el_before_av_one_half  first av-break-at-tablet flex_column_div '   ><p><section  class='av_textblock_section av-kscys0p5-d0fe1da2549b5d38fb08e5d3e4dbc794'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock sur-titre_bleu'  itemprop=\"text\" ><p>legal<\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lra90-9ab3f8d48a81ed396ae07bbaafa596f6'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h1_bleu_post'  itemprop=\"text\" ><h1>Why Due Diligence is Recommended When Purchasing a Property in Thailand<\/h1>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-b3jfo-03f63b84c9a76d84e1713c05a87923fd\">\n#top .hr.hr-invisible.av-b3jfo-03f63b84c9a76d84e1713c05a87923fd{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-b3jfo-03f63b84c9a76d84e1713c05a87923fd hr-invisible  avia-builder-el-7  el_after_av_textblock  el_before_av_textblock '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-kscyalj7-2ad25b68643e9517389c1de031001cff'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_18'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">07\/04\/2023<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-2mj4cc-546fb3795883e77cb448506a33b339b7'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_18'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Thailand has been a popular destination for foreign investors looking to purchase property or real estate. However, before making any investment, it is crucial to conduct due diligence to avoid potential legal and financial risks. Due diligence is gathering and analyzing information to make an informed decision.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This blog post will discuss why due diligence is essential when buying a property in Thailand and the potential pitfalls to avoid.<\/span><\/p>\n<\/div><\/section><\/p><\/div><div class='flex_column av-bmm5w-737f28be9bb008277e27311ae0eaf479 av_one_half  avia-builder-el-10  el_after_av_one_half  avia-builder-el-last  av-break-at-tablet flex_column_div '   ><style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-kscy8en7-b1cc623683227501c1229bf15ed0d23f\">\n.avia-image-container.av-kscy8en7-b1cc623683227501c1229bf15ed0d23f .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-kscy8en7-b1cc623683227501c1229bf15ed0d23f av-styling- avia-align-center  avia-builder-el-11  avia-builder-el-no-sibling  radius_10 img av-has-copyright av-copyright-icon-reveal'  itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" class='wp-image-10142 avia-img-lazy-loading-not-10142 avia_image' src=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2023\/04\/Why-Due-Diligence-is-Crucial-When-Purchasing-a-Property-in-Thailand.png\" alt='Opening a Shop in Thailand' title='Opening a Shop in Thailand'  height=\"800\" width=\"990\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2023\/04\/Why-Due-Diligence-is-Crucial-When-Purchasing-a-Property-in-Thailand.png 990w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2023\/04\/Why-Due-Diligence-is-Crucial-When-Purchasing-a-Property-in-Thailand-600x485.png 600w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2023\/04\/Why-Due-Diligence-is-Crucial-When-Purchasing-a-Property-in-Thailand-300x242.png 300w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2023\/04\/Why-Due-Diligence-is-Crucial-When-Purchasing-a-Property-in-Thailand-768x621.png 768w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2023\/04\/Why-Due-Diligence-is-Crucial-When-Purchasing-a-Property-in-Thailand-15x12.png 15w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2023\/04\/Why-Due-Diligence-is-Crucial-When-Purchasing-a-Property-in-Thailand-495x400.png 495w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2023\/04\/Why-Due-Diligence-is-Crucial-When-Purchasing-a-Property-in-Thailand-845x684.png 845w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2023\/04\/Why-Due-Diligence-is-Crucial-When-Purchasing-a-Property-in-Thailand-705x570.png 705w\" sizes=\"(max-width: 990px) 100vw, 990px\" \/><\/div><small class=\"avia-copyright\">&lt;a href=&quot;https:\/\/www.freepik.com\/free-vector\/tiny-hr-manager-looking-candidate-job-interview-magnifier-computer-screen-flat-vector-illustration-career-employment_10173919.htm#query=due%20diligence&amp;position=18&amp;from_view=search&amp;track=ais&quot;&gt;Image by pch.vector&lt;\/a&gt; on Freepik<\/small><\/div><\/div><\/div><\/div><\/div><\/div><!-- close content main div --><\/div><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-kscyoqk4-666a58ff317ddf61a5914fb400fd87f4\">\n.avia-section.av-kscyoqk4-666a58ff317ddf61a5914fb400fd87f4{\nbackground-color:#fafafa;\n}\n<\/style>\n<div id='av_section_2'  class='avia-section av-kscyoqk4-666a58ff317ddf61a5914fb400fd87f4 main_color avia-section-default avia-no-border-styling  avia-builder-el-12  el_after_av_section  el_before_av_section  avia-bg-style-scroll container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-10141'><div class='entry-content-wrapper clearfix'>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-ksd2ivxm-023071e5c33e5c283329416739e1beb3\">\n#top .hr.hr-invisible.av-ksd2ivxm-023071e5c33e5c283329416739e1beb3{\nheight:60px;\n}\n<\/style>\n<div  class='hr av-ksd2ivxm-023071e5c33e5c283329416739e1beb3 hr-invisible  avia-builder-el-13  el_before_av_two_third  avia-builder-el-first  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n<div class='flex_column av-fpevw-aab8acce1826d370629f645f34d6bd3b av_two_third  avia-builder-el-14  el_after_av_hr  el_before_av_one_third  first av-break-at-tablet flex_column_div '   ><style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lb329d7d-3f950f02b294bfa39eeb1b805d8d23d3\">\n#top .av_textblock_section.av-lb329d7d-3f950f02b294bfa39eeb1b805d8d23d3 .avia_textblock{\ncolor:#ffffff;\n}\n<\/style>\n<section  class='av_textblock_section av-lb329d7d-3f950f02b294bfa39eeb1b805d8d23d3'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock post_text_highlighting av_inherit_color'  itemprop=\"text\" ><p style=\"text-align: left;\">Key points<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Due diligence is gathering information and assessing the risks and benefits of a particular decision or transaction.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Due diligence is crucial when buying a property in Thailand to avoid potential legal and financial risks.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The due diligence process involves verifying the legal ownership of the property.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A title deed search is used to determine whether the seller has the right to own or lease the property and confirm if any liens are essential.<\/span><\/li>\n<\/ul>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-kscytnto-6f8bd4ca8aa4b5f4311495ee3b7802c6'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>What is due diligence?<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-8ohy4-ba2bc652f51fc02aca7b4faa3ec86cd2'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Due diligence is a research and investigation process conducted to gather information and assess the risks and benefits associated with a particular decision or transaction. It is a way of verifying the accuracy of the information and evaluating the potential consequences of a particular action.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lg69psog-0cb4f10b01157779c0b37ef09aba1d22'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">This process can help you identify potential risks and opportunities associated with the investment, allowing you to make an informed decision.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">By undertaking due diligence, investors can make informed decisions and ensure a smooth and profitable investment.<\/span><\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-893pgz-417cf0891102d15fa8bff673921feb47\">\n#top .hr.hr-invisible.av-893pgz-417cf0891102d15fa8bff673921feb47{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-893pgz-417cf0891102d15fa8bff673921feb47 hr-invisible  avia-builder-el-19  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-gfh9xy-e0bde1d55d8468f28ed18b9996433e48'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>Why is Due Diligence important?<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lbvv3xia-d149a1fd03f97fef5ae6d28412b0c71d'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Conducting due diligence when buying real estate in Thailand is crucial to avoid potential legal and financial risks. It helps identify issues that may seriously affect the investment&#8217;s value and profitability.\u00a0<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lg22j835-63a35fb58536f4d93e2673bd81528550'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Buying real estate in Thailand involves a significant financial investment, making it essential to conduct thorough due diligence. This process involves verifying the legal ownership of the real estate, examining any existing debts, checking zoning regulations, and obtaining all necessary permits and licenses. Due diligence also helps identify any hidden liabilities or disputes affecting the investment&#8217;s value and profitability.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lg22jh6y-77fdb7ff136602b8aad53af5561551e6'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">It&#8217;s important to emphasize that exercising due diligence can prevent potential issues, such as the ones mentioned below, that may cause substantial challenges for the new owner if they&#8217;re not recognized prior to finalizing the transaction:<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lg22jqgm-f28e95b906caca7608219f99526eb6c2'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><ol>\n<li><span style=\"font-weight: 400;\">The buyer later discovers that the land is subject to a mortgage not disclosed during the sale, and they are now responsible for paying off the previous owner&#8217;s debts.<\/span><\/li>\n<li>The buyer realizes that the company that owns the land and villa has been involved in a legal dispute for years, and they are now facing legal action due to the purchase.<\/li>\n<li>The buyer discovers that the previous owner did not pay all of their taxes on the property, and the buyer is now responsible for paying back taxes and penalties.<\/li>\n<li>The buyer discovers that the building was constructed without proper permits or is not up to code. This could result in expensive fines and\/or the need for costly renovations.<\/li>\n<li>The buyer discovers ongoing legal disputes related to the property, such as boundary or ownership disputes.<\/li>\n<\/ol>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-46gfwb-58a10d20942bf67843dddd375c649e17\">\n#top .hr.hr-invisible.av-46gfwb-58a10d20942bf67843dddd375c649e17{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-46gfwb-58a10d20942bf67843dddd375c649e17 hr-invisible  avia-builder-el-25  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-2ekuia-f4cdd029a06b7f44c122570d3699f8d9'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>What should be identified during due diligence for a real estate transaction in Thailand?<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-ldblbhc1-f298b29c3115cdbbbf6ad3768e1f1c33'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">If you&#8217;re looking to buy property in Thailand, there are a few important steps you&#8217;ll need to take to make sure everything is above board. One of the most important steps is conducting a title deed search, which will give you valuable information about the property you&#8217;re interested in.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lg69ujoe-beb670f10593c7af102d7834413cb886'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Another important thing you&#8217;ll learn during a title deed search is whether the seller has the right to own or <a href=\"https:\/\/belaws.com\/thailand\/lease-agreements\/\">lease<\/a> the property. This is important information to have, as it can help you avoid any legal issues.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lg69vc3y-d7de842db303f7a53fbcac7034952081'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">During the due diligence, your lawyer should also review the property documents to check for any risks. This includes checking the following:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Land title documents (have land title documents been lawfully issued, who is the current owner and is the land encumbered in any way by endorsements, liens, mortgages, easements or any evidence of a dispute).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Land size, shape, orientation of the property and its border to public property, such as road, stream or beach (to ensure that the title accurately represents the offered property).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The legal right of access to the land from a public road location of the land concerning zoning regulations and permitted uses within the area.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Review Zoning Law for construction. This involves checking and translating the construction permit (if any).<\/span><\/li>\n<\/ul>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-649b0e-50a8b59d6472fe9ba7b5e0d211b2e710\">\n#top .hr.hr-invisible.av-649b0e-50a8b59d6472fe9ba7b5e0d211b2e710{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-649b0e-50a8b59d6472fe9ba7b5e0d211b2e710 hr-invisible  avia-builder-el-30  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-lezdvgsq-6e3e512aed92c5e125197232e9b4593f'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>What legal documents should I be aware of when undertaking due diligence for real estate?<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lezdvugg-68624e9d0f5e1cbb9aa84cb627635cfa'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">When buying real estate in Thailand, it&#8217;s important to understand the different types of title deeds. Here are some of the most common types of title deeds you&#8217;ll come across:<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lg69w02n-68451816bf901ebb399735b13fe117a3'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><b>Sor Kor Nueng Claim Certificate (SK-1):<\/b><span style=\"font-weight: 400;\"> This document verifies land occupancy but not ownership. The land can be occupied and used by the holder and can be sold or passed down through the generations. However, it is not possible to register any rights to this type of land.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lg69w5ql-24c41ee97dbb45ba37cf14340ec6ce13'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><b>Nor Sor Sam Kor Confirmed Certificate of Use (NS-3K):<\/b><span style=\"font-weight: 400;\"> This certificate is issued for an area where parcel points have yet to be established through an aerial survey. There are no constraints on how the land may be used, and the owner can even subdivide the land into smaller parcels.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lg69wbxt-13d92a2cace58c7ab198aab3b763b71b'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><b>Nor Sor Sawng Preemption Certificate (NS-2):<\/b><span style=\"font-weight: 400;\"> This type of certificate allows for temporary land possession and use, but the land cannot be sold and can only be passed down through the generations.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lg69wjmq-a831fb467279d331bef552d9b27f5df8'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><b>Nor Sor Sam Certificate of Use (NS-3):<\/b><span style=\"font-weight: 400;\"> This document confers unofficial ownership rights and requires the sale or mortgage of the land to be advertised for 30 days at the Land Department. The land has been unofficially surveyed, and the results have yet to be confirmed by satellite images.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lg69wqo0-5b7d441c270a0139741eaa942731fb21'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><b>Nor Sor Si Jor or Title Deed Certificate:<\/b><span style=\"font-weight: 400;\"> This valid title document allows for the sale or transfer of the land, unless the prior owner has specified that the new owner cannot sell or transfer the land for a period of five or ten years after taking ownership.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lg69wxnv-dd4fc646a4a2642f790aa9ecbd3bcc8f'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><b>Chanote Title Deed (NS-4):<\/b><span style=\"font-weight: 400;\"> This type of title deed confirms complete ownership rights and is confirmed by a survey that is denoted by concrete or metal poles and later confirmed by satellite pictures. The property may be transferred or sold subject to any restrictions outlined in the purchase agreement by the prior owner.<\/span><\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-n8btz-a276190853c681e3e1790372dfc76068\">\n#top .hr.hr-invisible.av-n8btz-a276190853c681e3e1790372dfc76068{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-n8btz-a276190853c681e3e1790372dfc76068 hr-invisible  avia-builder-el-39  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-qyaccg-e2e36f9d29862f92df6d1c2ba3cab48f'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>What should be identified during due diligence for the purchase of real estate through a company in Thailand?<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lg69yjp1-2e8dea0cbc27ee52e1741ecbf2edb221'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Due diligence for the purchase of real estate through a<a href=\"https:\/\/belaws.com\/thailand\/setting-up-a-company-in-thailand\/\"> company in Thailand<\/a> involves a thorough investigation of the company&#8217;s financial, legal, and commercial records to ensure that you fully understand the risks and opportunities associated with the acquisition.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lg69zjs2-99b8d3c4a07e6d1f04dcbf2fbd45b51f'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">During the due diligence process, you should:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Check that the company is duly registered.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Review and translation of the Company Affidavit and <a href=\"https:\/\/belaws.com\/thailand\/protecting-your-investment-in-thailand\/\">Shareholders<\/a> list.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Review of the Balance Sheet. Checking whether or not the owner of the assets (land and\/or buildings) are correctly booked and at which value. Checking if there are any loans and\/or debts.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Checking with the local court if there is any lawsuit against the company<\/span><\/li>\n<\/ul>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-1celubh-c887d1b4e206a2caba20cb3ff150dcc2\">\n#top .hr.hr-invisible.av-1celubh-c887d1b4e206a2caba20cb3ff150dcc2{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-1celubh-c887d1b4e206a2caba20cb3ff150dcc2 hr-invisible  avia-builder-el-43  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-umvkt9-45f0b7d2ed680083e2a9523814029e9a'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>How can Belaws help?<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lfwbwr11-8e8587eb923849f473aa68dc5be4a28b'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">For more information about due diligence in Thailand, why not talk to one of our experts now?<\/span><\/p>\n<\/div><\/section><br \/>\n<div  class='avia-button-wrap avia-button-left  avia-builder-el-46  el_after_av_textblock  el_before_av_textblock  bouton-cta' ><a href=\"https:\/\/wa.me\/+66636955945\" class=\"avia-button av-2rocsm-d154d145431b4a8a4eb7043c51e06292 avia-icon_select-yes-right-icon avia-size-large avia-position-left avia-color-theme-color\" target=\"_blank\" rel=\"noopener noreferrer\"><span class='avia_iconbox_title' >Talk to an expert<\/span><span class='avia_button_icon avia_button_icon_right' aria-hidden='true' data-av_icon='\uf232' data-av_iconfont='entypo-fontello'><\/span><\/a><\/div><br \/>\n<section  class='av_textblock_section av-vy38za-80a3e6dfeda877fd8fff71dd3e08f6f1'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">If you want to learn more about how our experts can help with your accounting and secretary needs, please click <\/span><a href=\"https:\/\/belaws.com\/thailand\/accounting-secretary\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">here<\/span><\/a><span style=\"font-weight: 400;\">. For more details about our incorporation services, please click<\/span><a href=\"https:\/\/belaws.com\/thailand\/incorporation\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\"> here.<\/span><\/a><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lspj25-d36d79f33aa8e5369a2c12d2136a4fe9'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><em>This article is for information purposes only and <strong>does not constitute legal advice<\/strong>.<\/em><\/p>\n<\/div><\/section><br \/>\n<div  class='av-social-sharing-box av-l4rstf25-09aa8edfee9bfff0c66b62d8ea68b23c av-social-sharing-box-default  avia-builder-el-49  el_after_av_textblock  el_before_av_hr  av-social-sharing-box-fullwidth'><div class=\"av-share-box\"><h5 class='av-share-link-description av-no-toc '>Share this post<\/h5><ul 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class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<div  class='avia-button-wrap avia-button-center  avia-builder-el-56  el_after_av_hr  el_before_av_hr  bouton-cta' ><a href=\"https:\/\/calendly.com\/vbapartners\/legalconsultation\" class=\"avia-button av-j4oxcr-e0ea6afbeeb7bdc081b7ce55f0ab0b6f avia-icon_select-yes-right-icon avia-size-large avia-position-center avia-color-theme-color\" target=\"_blank\" rel=\"noopener noreferrer\"><span class='avia_iconbox_title' >Book now<\/span><span class='avia_button_icon avia_button_icon_right' aria-hidden='true' data-av_icon='\ue871' data-av_iconfont='entypo-fontello'><\/span><\/a><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-1xgc7i-1f7cbfe8fdc424141cc6b6f218a09d50\">\n#top .hr.hr-invisible.av-1xgc7i-1f7cbfe8fdc424141cc6b6f218a09d50{\nheight:25px;\n}\n<\/style>\n<div  class='hr av-1xgc7i-1f7cbfe8fdc424141cc6b6f218a09d50 hr-invisible  avia-builder-el-57  el_after_av_button  el_before_av_textblock '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-p84k-4017eaf9b1649a60b0ff810854b78620'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_14'  itemprop=\"text\" ><p>Our consultations last for a period of up to 1 hour and are conducted by expert Lawyers who are fluent in English, French and Thai.<\/p>\n<p>Consultations can be hosted via WhatsApp or Video Conferencing software for your convenience. A consultation with one of our legal experts is undoubtedly the best way to get all the information you need and answer any questions you may have about your new business or project.<\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-kslm1kpi-e6d522183c5eda06f320ce62b63c40c6\">\n#top .hr.hr-invisible.av-kslm1kpi-e6d522183c5eda06f320ce62b63c40c6{\nheight:15px;\n}\n<\/style>\n<div  class='hr av-kslm1kpi-e6d522183c5eda06f320ce62b63c40c6 hr-invisible  avia-builder-el-59  el_after_av_textblock  el_before_av_codeblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<br \/>\n<br \/>\n<br \/>\n<br \/>\n<\/p><\/div>\n<\/p>\n<\/div><\/div><\/div><!-- close content main div --><\/div><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-l8ctxpd9-095dc0c75aa2de5329ec8b624b867e69\">\n.avia-section.av-l8ctxpd9-095dc0c75aa2de5329ec8b624b867e69{\nbackground-color:#dfeef6;\n}\n<\/style>\n<div id='av_section_3'  class='avia-section av-l8ctxpd9-095dc0c75aa2de5329ec8b624b867e69 main_color avia-section-default avia-no-border-styling  avia-builder-el-65  el_after_av_section  el_before_av_one_full  avia-bg-style-scroll container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-10141'><div class='entry-content-wrapper clearfix'>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-fyhro1-0cf30a10ffa966a21c55aed6dcf53641\">\n#top .hr.hr-invisible.av-fyhro1-0cf30a10ffa966a21c55aed6dcf53641{\nheight:50px;\n}\n<\/style>\n<div  class='hr av-fyhro1-0cf30a10ffa966a21c55aed6dcf53641 hr-invisible  avia-builder-el-66  el_before_av_textblock  avia-builder-el-first  av-desktop-hide av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n<section  class='av_textblock_section av-e8bwe9-42a5aa99fe46b76eb6bea8fd40de44ad'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h3_bleu'  itemprop=\"text\" ><h3 style=\"text-align: left;\">Frequently asked questions<\/h3>\n<\/div><\/section>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-37pzrl-0e2130f093209067c90d3f6b04c2d251\">\n#top .hr.hr-invisible.av-37pzrl-0e2130f093209067c90d3f6b04c2d251{\nheight:50px;\n}\n<\/style>\n<div  class='hr av-37pzrl-0e2130f093209067c90d3f6b04c2d251 hr-invisible  avia-builder-el-68  el_after_av_textblock  el_before_av_toggle_container  av-desktop-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n<div  class='togglecontainer av-lga57lrx-10d82d5c21eb0e3a09cedd4074dfbb8b  avia-builder-el-69  el_after_av_hr  avia-builder-el-last  av-accordion-style-2 toggle_close_all'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/FAQPage\" >\n<section class='av_toggle_section av-lga55mtd-c1f7234450e1e66af2d801d97ea9785b'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-1' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-1'>What are due diligence?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-1' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><div class=\"flex-1 overflow-hidden\">\n<div class=\"react-scroll-to-bottom--css-abldj-79elbk h-full dark:bg-gray-800\">\n<div class=\"react-scroll-to-bottom--css-abldj-1n7m0yu\">\n<div class=\"flex flex-col items-center text-sm dark:bg-gray-800\">\n<div class=\"group w-full text-gray-800 dark:text-gray-100 border-b border-black\/10 dark:border-gray-900\/50 bg-gray-50 dark:bg-&#091;#444654&#093;\">\n<div class=\"text-base gap-4 md:gap-6 md:max-w-2xl lg:max-w-xl xl:max-w-3xl p-4 md:py-6 flex lg:px-0 m-auto\">\n<div class=\"relative flex w-&#091;calc(100%-50px)&#093; flex-col gap-1 md:gap-3 lg:w-&#091;calc(100%-115px)&#093;\">\n<div class=\"flex flex-grow flex-col gap-3\">\n<div class=\"min-h-&#091;20px&#093; flex flex-col items-start gap-4 whitespace-pre-wrap\">\n<div class=\"markdown prose w-full break-words dark:prose-invert light\">\n<p>Due diligence is a research and investigation process conducted to gather information and assess the risks and benefits associated with a particular decision or transaction. It is a way of verifying the accuracy of the information and evaluating the potential consequences of a particular action.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"flex justify-between lg:block\">\n<div class=\"text-gray-400 flex self-end lg:self-center justify-center mt-2 gap-2 md:gap-3 lg:gap-1 lg:absolute lg:top-0 lg:translate-x-full lg:right-0 lg:mt-0 lg:pl-2 visible\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"bottom-0 left-0 w-full border-t dark:border-white\/20 md:bg-vert-light-gradient bg-white dark:bg-gray-800 dark:md:bg-vert-dark-gradient pt-2\">\n<form class=\"stretch mx-2 flex flex-row gap-3 last:mb-2 md:mx-4 md:last:mb-6 lg:mx-auto lg:max-w-2xl xl:max-w-3xl\">\n<div class=\"relative flex h-full flex-1 md:flex-col\">\n<div class=\"flex ml-1 md:w-full md:m-auto md:mb-2 gap-0 md:gap-2 justify-center\"><\/div>\n<\/div>\n<\/form>\n<\/div>\n<section class=\"av_textblock_section av-lecoduec-7bfca396235ba7ff0cc8b08ce84134b9\">\n<div class=\"avia_textblock text_16\"><\/div>\n<\/section>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-lga55wbr-e8903cb7d94a511861af26eb44cb5cae'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-2' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-2'>How to perform due diligence on a private company?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-2' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><div class=\"flex-1 overflow-hidden\">\n<div class=\"react-scroll-to-bottom--css-abldj-79elbk h-full dark:bg-gray-800\">\n<div class=\"react-scroll-to-bottom--css-abldj-1n7m0yu\">\n<div class=\"flex flex-col items-center text-sm dark:bg-gray-800\">\n<div class=\"group w-full text-gray-800 dark:text-gray-100 border-b border-black\/10 dark:border-gray-900\/50 bg-gray-50 dark:bg-&#091;#444654&#093;\">\n<div class=\"text-base gap-4 md:gap-6 md:max-w-2xl lg:max-w-xl xl:max-w-3xl p-4 md:py-6 flex lg:px-0 m-auto\">\n<div class=\"relative flex w-&#091;calc(100%-50px)&#093; flex-col gap-1 md:gap-3 lg:w-&#091;calc(100%-115px)&#093;\">\n<div class=\"flex flex-grow flex-col gap-3\">\n<div class=\"min-h-&#091;20px&#093; flex flex-col items-start gap-4 whitespace-pre-wrap\">\n<div class=\"markdown prose w-full break-words dark:prose-invert light\">\n<p>The article does not provide a detailed process for performing due diligence on a private company, but it does mention that due diligence for the purchase of real estate through a company in Thailand involves a thorough investigation of the company\u2019s financial, legal, and commercial records to ensure that you fully understand the risks and opportunities associated with the acquisition.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"flex justify-between lg:block\">\n<div class=\"text-gray-400 flex self-end lg:self-center justify-center mt-2 gap-2 md:gap-3 lg:gap-1 lg:absolute lg:top-0 lg:translate-x-full lg:right-0 lg:mt-0 lg:pl-2 visible\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"bottom-0 left-0 w-full border-t dark:border-white\/20 md:bg-vert-light-gradient bg-white dark:bg-gray-800 dark:md:bg-vert-dark-gradient pt-2\">\n<form class=\"stretch mx-2 flex flex-row gap-3 last:mb-2 md:mx-4 md:last:mb-6 lg:mx-auto lg:max-w-2xl xl:max-w-3xl\">\n<div class=\"relative flex h-full flex-1 md:flex-col\">\n<div class=\"flex ml-1 md:w-full md:m-auto md:mb-2 gap-0 md:gap-2 justify-center\"><\/div>\n<\/div>\n<\/form>\n<\/div>\n<section class=\"av_textblock_section av-lecoduec-7bfca396235ba7ff0cc8b08ce84134b9\">\n<div class=\"avia_textblock text_16\"><\/div>\n<\/section>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-lga56fxu-464afe1f857034da42972d6ca40e3391'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-3' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-3'>What is the due diligence process?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-3' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><div class=\"flex-1 overflow-hidden\">\n<div class=\"react-scroll-to-bottom--css-abldj-79elbk h-full dark:bg-gray-800\">\n<div class=\"react-scroll-to-bottom--css-abldj-1n7m0yu\">\n<div class=\"flex flex-col items-center text-sm dark:bg-gray-800\">\n<div class=\"group w-full text-gray-800 dark:text-gray-100 border-b border-black\/10 dark:border-gray-900\/50 bg-gray-50 dark:bg-&#091;#444654&#093;\">\n<div class=\"text-base gap-4 md:gap-6 md:max-w-2xl lg:max-w-xl xl:max-w-3xl p-4 md:py-6 flex lg:px-0 m-auto\">\n<div class=\"relative flex w-&#091;calc(100%-50px)&#093; flex-col gap-1 md:gap-3 lg:w-&#091;calc(100%-115px)&#093;\">\n<div class=\"flex flex-grow flex-col gap-3\">\n<div class=\"min-h-&#091;20px&#093; flex flex-col items-start gap-4 whitespace-pre-wrap\">\n<div class=\"markdown prose w-full break-words dark:prose-invert light\">\n<p>The due diligence process is a research and investigation process conducted to gather information and assess the risks and benefits associated with a particular decision or transaction. It involves verifying the accuracy of the information and evaluating the potential consequences of a particular action.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"flex justify-between lg:block\">\n<div class=\"text-gray-400 flex self-end lg:self-center justify-center mt-2 gap-2 md:gap-3 lg:gap-1 lg:absolute lg:top-0 lg:translate-x-full lg:right-0 lg:mt-0 lg:pl-2 visible\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"bottom-0 left-0 w-full border-t dark:border-white\/20 md:bg-vert-light-gradient bg-white dark:bg-gray-800 dark:md:bg-vert-dark-gradient pt-2\">\n<form class=\"stretch mx-2 flex flex-row gap-3 last:mb-2 md:mx-4 md:last:mb-6 lg:mx-auto lg:max-w-2xl xl:max-w-3xl\">\n<div class=\"relative flex h-full flex-1 md:flex-col\">\n<div class=\"flex ml-1 md:w-full md:m-auto md:mb-2 gap-0 md:gap-2 justify-center\"><\/div>\n<\/div>\n<\/form>\n<\/div>\n<section class=\"av_textblock_section av-lecoduec-7bfca396235ba7ff0cc8b08ce84134b9\">\n<div class=\"avia_textblock text_16\"><\/div>\n<\/section>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-lga57kze-55f4e0f8271c4a016db0542e9b0082a7'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-4' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-4'>Why due diligence is important?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-4' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><div class=\"flex-1 overflow-hidden\">\n<div class=\"react-scroll-to-bottom--css-abldj-79elbk h-full dark:bg-gray-800\">\n<div class=\"react-scroll-to-bottom--css-abldj-1n7m0yu\">\n<div class=\"flex flex-col items-center text-sm dark:bg-gray-800\">\n<div class=\"group w-full text-gray-800 dark:text-gray-100 border-b border-black\/10 dark:border-gray-900\/50 bg-gray-50 dark:bg-&#091;#444654&#093;\">\n<div class=\"text-base gap-4 md:gap-6 md:max-w-2xl lg:max-w-xl xl:max-w-3xl p-4 md:py-6 flex lg:px-0 m-auto\">\n<div class=\"relative flex w-&#091;calc(100%-50px)&#093; flex-col gap-1 md:gap-3 lg:w-&#091;calc(100%-115px)&#093;\">\n<div class=\"flex flex-grow flex-col gap-3\">\n<div class=\"min-h-&#091;20px&#093; flex flex-col items-start gap-4 whitespace-pre-wrap\">\n<div class=\"markdown prose w-full break-words dark:prose-invert light\">\n<p>Conducting due diligence when buying real estate in Thailand is crucial to avoid potential legal and financial risks. It helps identify issues that may seriously affect the investment\u2019s value and profitability.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"flex justify-between lg:block\">\n<div class=\"text-gray-400 flex self-end lg:self-center justify-center mt-2 gap-2 md:gap-3 lg:gap-1 lg:absolute lg:top-0 lg:translate-x-full lg:right-0 lg:mt-0 lg:pl-2 visible\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"bottom-0 left-0 w-full border-t dark:border-white\/20 md:bg-vert-light-gradient bg-white dark:bg-gray-800 dark:md:bg-vert-dark-gradient pt-2\">\n<form class=\"stretch mx-2 flex flex-row gap-3 last:mb-2 md:mx-4 md:last:mb-6 lg:mx-auto lg:max-w-2xl xl:max-w-3xl\">\n<div class=\"relative flex h-full flex-1 md:flex-col\">\n<div class=\"flex ml-1 md:w-full md:m-auto md:mb-2 gap-0 md:gap-2 justify-center\"><\/div>\n<\/div>\n<\/form>\n<\/div>\n<section class=\"av_textblock_section av-lecoduec-7bfca396235ba7ff0cc8b08ce84134b9\">\n<div class=\"avia_textblock text_16\"><\/div>\n<\/section>\n<\/div><\/div><\/div><\/section>\n<\/div>\n<\/div><\/div><\/div><!-- close content main div --><\/div><\/div><div id='after_section_3'  class='main_color av_default_container_wrap container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-10141'><div class='entry-content-wrapper clearfix'>\n<div class='flex_column av-qqtyiz-0d401a2ec3b1be9fe8b6b4ff052340e0 av_one_full  avia-builder-el-70  el_after_av_section  el_before_av_section  avia-builder-el-no-sibling  first flex_column_div '   ><section  class='av_textblock_section av-2jjczv-f8cba9213d57d135389f2377189c4f87'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>Related articles<\/h2>\n<\/div><\/section><br \/>\n<div id='av-masonry-1' class='av-masonry av-2fkee3-4d8b01cce828896d386d5f27235f1b57 noHover av-flex-size av-large-gap av-hover-overlay-active av-masonry-animation-active av-masonry-col-3 av-caption-always av-caption-style- av-masonry-entries '><div class=\"av-masonry-container isotope av-js-disabled\"><div class='av-masonry-entry isotope-item av-masonry-item-no-image '><\/div><a href=\"https:\/\/belaws.com\/thailand\/boi-thailand-approves-new-investment-schemes\/\" id=\"av-masonry-1-item-7528\" data-av-masonry-item=\"7528\" class=\"av-masonry-entry isotope-item post-7528 post type-post status-publish format-standard has-post-thumbnail hentry category-blockchain tag-boi tag-boi-thailand  av-masonry-item-with-image\" title=\"boi visa &#038; work permit thailand BOI approves new investment schemes in Thailand\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\"><div class='av-inner-masonry-sizer'><\/div><figure class='av-inner-masonry main_color'><div class=\"av-masonry-outerimage-container\"><div class='av-masonry-image-container'   ><img decoding=\"async\" width=\"705\" height=\"570\" class=\"wp-image-7531 avia-img-lazy-loading-not-7531\"  src=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/06\/BOI-Investment-705x570.png\" title=\"boi visa &#038; work permit thailand BOI approves new investment schemes in Thailand\" alt=\"boi visa &amp; work permit thailand BOI approves new investment schemes in Thailand\" srcset=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/06\/BOI-Investment-705x570.png 705w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/06\/BOI-Investment-600x485.png 600w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/06\/BOI-Investment-300x242.png 300w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/06\/BOI-Investment-768x621.png 768w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/06\/BOI-Investment-495x400.png 495w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/06\/BOI-Investment-845x684.png 845w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/06\/BOI-Investment.png 990w\" sizes=\"(max-width: 705px) 100vw, 705px\" \/><\/div><\/div><figcaption class='av-inner-masonry-content site-background'><div class='av-inner-masonry-content-pos'><div class='av-inner-masonry-content-pos-content'><div class='avia-arrow'><\/div><h3 class='av-masonry-entry-title entry-title '  itemprop=\"headline\" >BOI approves new investment schemes in Thailand<\/h3><div class='av-masonry-entry-content entry-content'  itemprop=\"text\" >21\/06\/2022<br \/>\r\nBOI Thailand approves new investment schemes and incentives worth 209.5 billion baht (US 6.2 billion).<\/div><span class='av-masonry-date meta-color updated'>June 21, 2022<\/span><span class=\"av-masonry-text-sep text-sep-author\">\/<\/span><span class='av-masonry-author meta-color author'><span class='fn'>by jonathan<\/span><\/span><\/div><\/div><\/figcaption><\/figure><\/a><!--end av-masonry entry--><a href=\"https:\/\/belaws.com\/thailand\/smart-city-promotion-incentives\/\" id=\"av-masonry-1-item-8877\" data-av-masonry-item=\"8877\" class=\"av-masonry-entry isotope-item post-8877 post type-post status-publish format-standard has-post-thumbnail hentry category-news category-legal tag-boi tag-boi-thailand  av-masonry-item-with-image\" title=\"BOI to offer Smart City Promotion Incentives in Thailand\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\"><div class='av-inner-masonry-sizer'><\/div><figure class='av-inner-masonry main_color'><div class=\"av-masonry-outerimage-container\"><div class='av-masonry-image-container'   ><img decoding=\"async\" width=\"705\" height=\"570\" class=\"wp-image-8878 avia-img-lazy-loading-not-8878\"  src=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/10\/BOI-to-offer-Smart-City-Promotion-Incentives-in-Thailand-705x570.png\" title=\"BOI to offer Smart City Promotion Incentives in Thailand\" alt=\"BOI to offer Smart City promotion incentives in Thailand\" srcset=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/10\/BOI-to-offer-Smart-City-Promotion-Incentives-in-Thailand-705x570.png 705w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/10\/BOI-to-offer-Smart-City-Promotion-Incentives-in-Thailand-600x485.png 600w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/10\/BOI-to-offer-Smart-City-Promotion-Incentives-in-Thailand-300x242.png 300w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/10\/BOI-to-offer-Smart-City-Promotion-Incentives-in-Thailand-768x621.png 768w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/10\/BOI-to-offer-Smart-City-Promotion-Incentives-in-Thailand-15x12.png 15w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/10\/BOI-to-offer-Smart-City-Promotion-Incentives-in-Thailand-495x400.png 495w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/10\/BOI-to-offer-Smart-City-Promotion-Incentives-in-Thailand-845x684.png 845w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/10\/BOI-to-offer-Smart-City-Promotion-Incentives-in-Thailand.png 990w\" sizes=\"(max-width: 705px) 100vw, 705px\" \/><\/div><\/div><figcaption class='av-inner-masonry-content site-background'><div class='av-inner-masonry-content-pos'><div class='av-inner-masonry-content-pos-content'><div class='avia-arrow'><\/div><h3 class='av-masonry-entry-title entry-title '  itemprop=\"headline\" >BOI to offer Smart City promotion incentives in Thailand<\/h3><div class='av-masonry-entry-content entry-content'  itemprop=\"text\" >20\/10\/2022<br \/>\r\n In this article we will take a look at the incentives available for foreign companies who operate within a Smart City.<\/div><span class='av-masonry-date meta-color updated'>October 20, 2022<\/span><span class=\"av-masonry-text-sep text-sep-author\">\/<\/span><span class='av-masonry-author meta-color author'><span class='fn'>by jonathan<\/span><\/span><\/div><\/div><\/figcaption><\/figure><\/a><!--end av-masonry entry--><a href=\"https:\/\/belaws.com\/thailand\/5-year-investment-promotion-strategy\/\" id=\"av-masonry-1-item-9063\" data-av-masonry-item=\"9063\" class=\"av-masonry-entry isotope-item post-9063 post type-post status-publish format-standard has-post-thumbnail hentry category-news category-accounting category-legal tag-boi tag-boi-thailand  av-masonry-item-with-image\" title=\"Thailand to adopt a new 5 year investment promotion strategy\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\"><div class='av-inner-masonry-sizer'><\/div><figure class='av-inner-masonry main_color'><div class=\"av-masonry-outerimage-container\"><div class='av-masonry-image-container'   ><img decoding=\"async\" width=\"705\" height=\"570\" class=\"wp-image-9064 avia-img-lazy-loading-not-9064\"  src=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/11\/Thailand-to-adopt-a-new-5-year-investment-promotion-strategy-705x570.png\" title=\"Thailand to adopt a new 5 year investment promotion strategy\" alt=\"Thailand to adopt a new 5 year investment promotion strategy\" srcset=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/11\/Thailand-to-adopt-a-new-5-year-investment-promotion-strategy-705x570.png 705w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/11\/Thailand-to-adopt-a-new-5-year-investment-promotion-strategy-600x485.png 600w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/11\/Thailand-to-adopt-a-new-5-year-investment-promotion-strategy-300x242.png 300w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/11\/Thailand-to-adopt-a-new-5-year-investment-promotion-strategy-768x621.png 768w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/11\/Thailand-to-adopt-a-new-5-year-investment-promotion-strategy-15x12.png 15w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/11\/Thailand-to-adopt-a-new-5-year-investment-promotion-strategy-495x400.png 495w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/11\/Thailand-to-adopt-a-new-5-year-investment-promotion-strategy-845x684.png 845w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/11\/Thailand-to-adopt-a-new-5-year-investment-promotion-strategy.png 990w\" sizes=\"(max-width: 705px) 100vw, 705px\" \/><\/div><\/div><figcaption class='av-inner-masonry-content site-background'><div class='av-inner-masonry-content-pos'><div class='av-inner-masonry-content-pos-content'><div class='avia-arrow'><\/div><h3 class='av-masonry-entry-title entry-title '  itemprop=\"headline\" >Thailand to adopt a new 5 year investment promotion strategy<\/h3><div class='av-masonry-entry-content entry-content'  itemprop=\"text\" >04\/11\/2022<br \/>\r\nThailand\u2019s Board of Investment (BOI) has approved a new 5 year investment promotion strategy.<\/div><span class='av-masonry-date meta-color updated'>November 4, 2022<\/span><span class=\"av-masonry-text-sep text-sep-author\">\/<\/span><span class='av-masonry-author meta-color author'><span class='fn'>by jonathan<\/span><\/span><\/div><\/div><\/figcaption><\/figure><\/a><!--end av-masonry entry--><\/div><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-mw4lq3-4d1f7b909685b16735a77d3969f438e4\">\n#top .hr.hr-invisible.av-mw4lq3-4d1f7b909685b16735a77d3969f438e4{\nheight:160px;\n}\n<\/style>\n<div  class='hr av-mw4lq3-4d1f7b909685b16735a77d3969f438e4 hr-invisible  avia-builder-el-73  el_after_av_masonry_entries  el_before_av_hr  avia-builder-el-first 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