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Legal and Tax Advice for High Net Worth Foreigners in Thailand:

Legal and Tax Advice for High Net Worth Foreigners in Thailand

Legal and tax advice for private clients:

Legal and tax advice for private clients Whether you are an entrepreneur, a successful business person or from a family with established wealth, we will take the time to understand your legal and tax requirements and to identify planning opportunities for you. Wealthy foreigners in Thailand are typically unaware of the potential benefits of sound estate planning - or the risks they take by putting it off. PUGNATORIUS works as legal and tax advisor closely with its clients to safeguard and protect their wealth for future generations. We assist clients in developing plans for the disposition of their estates after death and for the perpetuation of family businesses. This does not include any investment planning, financial advice or asset management. However, we are willing to co-ordinate advice from other professionals such as independent financial advisers to craft a robust and practical framework for the family's future wealth preservation In the case of international clients, we can work closely with their leading foreign advisors to dovetail the Thai aspects into the overall international estate plan.

Asset protection and wealth conservation :

Asset protection and wealth conservation The term asset protection covers ways and means to protect Thailand assets and offshore investments from being seized by greedy ex-wifes, governments out of control and sue-happy lawyers and put wealth off the domestic radar screen. Succession planning and asset protection traditionally go hand in hand. Assets were built up by a person who then became concerned to maintain those assets and pass them on tax efficiently to the next generation. Asset protection has to take into consideration the Thai foreign exchange control legislation and restrictions under the Thai Foreign Business Act and Land Code for foreign investments. Important aspect is the Thai legislation on nominees and trustee structures. The trust is a common law concept. Does this work in Thailand and Europe? How to locate assets if they are hidden behind corporations or trusts. Wealth preservation barriers need privacy and confidentiality but also a good timing. Any restructuring done after a claim rises could be undone by Thai and foreign fraudulent transfer legislation.

Some steps can't wait:

Some steps can't wait International clients have specialized wealth and estate planning requirements. Tax planning has to be deeply integrated in asset protection and succession planning. Absolute confidentiality and secrecy is a vital concern. The key advice for expats is to plan ahead and take local legal and tax advice in the country they are domiciled in. PUGNATORIUS advises high net worth foreigners in Thai-land and abroad.

International estate planning for Thailand:

International estate planning for Thailand Inheritance laws vary from country to country. Which solutions are available for cross-border estate planning? What are the particularities for multiple nationalities and families? Last Will or family arrangements or "inter vivos transfer" - anticipated inheritance in contemplation of death? Impacts of a prenuptial agreement or cohabitation contract for testamentary transfers. International Last Will or separate documents for Thailand property, assets in home country and offshore investment and bank accounts ("Situs Wills")? What are the limits of a Last Will's effectiveness in Thailand, in the home country and in other legislations? Under Thai inheritance laws there is no statutory share, legal portion or forced heirship to certain dependents. How to reasonably use the very wide power to dispose the testator`s property by Last Will. What are the implications of non-Thai succession laws and taxation regime on death for estate and heirs in Thailand?

Tax planning opportunities for Thai assets:

Tax planning opportunities for Thai assets Overall tax planning - the inheritance tax is just one aspect above many. Inheritance as a tax event under the Thai income tax legislation. Depending on the jurisdictional basis, taxes may be based on nationality, residency of the descendent or the beneficiary, former residency, place of death or the actual physical location of the estate’s property Tax structuring has to include post-mortem tax planning Transfer taxes, wealth taxes and other types of dues and charges Impacts of donations and asset transfers below market price Procedural requirements and reporting obligations of the heir Undisclosed assets, statutory limitation periods and mechanisms to disburden the heirs from tax investigations, personal liability and prison sentence PUGNATORIUS helps to plan and put in place tax efficient ownership structures with appropriate estate and succession plans for the future. We will identify areas of risk in advance and advise accordingly. In the event of a tax investigation happening we will support you throughout.


Contact PUGNATORIUS Ltd. International Lawyers 29th Fl., Central World Tower 999/9 Rama I Road Bangkok 10330, Thailand Telephone: +66 2 2072647 Telefax: +66 2 207 2657 [email protected]

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PUGNATORIUS Sophisticated solutions in a complex legal environment. Serious legal and tax advice in the land of smile:

PUGNATORIUS Sophisticated solutions in a complex legal environment. Serious legal and tax advice in the land of smile Rechtsanwalt Steuerberater Anwaltskanzlei Anwälte Rechtsanwälte Steueranwalt Steuerrecht Wirtschaftskanzlei Steuerkanzlei Steueranwälte, Lawyer Attorney Solicitor Attorney-at-law law firm lawfirm Abogado Abogada Avogado tax lawyer, advogado, consultor fiscal, impuesto consultor Thailand Bangkok Phuket Pattaya Hua Hin Koh Samui Koh Chang, Nonthaburi Pak Kret Tha Khlong, Pathum Thani, Tha Ruea Phra Thaen, Kanchanaburi, Thanya Buri, Pathum Thani, Thung Song, Nakhon Si Thammarat, Trat, Uthai Thani, Uttaradit, Warin Chamrap, Ubon Ratchathani, Yasothon More Thailand Legal and Tax Guides at

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