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

From Spas to Longevity: Phuket Evolves into a Global Wellness Tourism Leader

Category: Hotels|Real estate|Tourism, Posted:29 Nov 2024 | 08:10 am Wellness tourism is in great shape. One of the fastest growing areas of the tourism industry, the sector has grown from a niche market for committed health seekers to become a THB 219 trillion (USD 6.3 trillion) global powerhouse. At the heart of this revolution is Asia Pacific, which accounts for 30% of the worldwide […]
Read more

C9 Session Today On Phuket’s Wellness Sector for Hotels, Tourism and Real estate

Category: Hotels|Real estate|Tourism, Posted:27 Nov 2024 | 07:30 am There is still time to register for today’s C9 Session (Wednesday 27th November 2027, which will be held at the Amora Phuket Resort Bangtao. How is Longevity and a health-focused lifestyle changing the face of the wellness industry? Join us for a unique 90-minute learning session featuring experts from international medical wellness, tourism, resort and real […]
Read more

New Onyx and Equatorial JV Hotel for Kata Phuket

Category: Hotels|Real estate|Tourism, Posted:19 Nov 2024 | 09:27 am A new 180-room branded property, the EQ Phuket has been announced for Kata Beach. The property, which is located next to Club Med, was developed by a joint venture between Thailand’s Onyx Hospitality and Malaysia’s Equatorial Group. Investment into the project is THB2.5 billion (approximately USD72 million). Equatorial Group, a legacy Asian hotel group, has […]
SiaJai logo

Thailand's Leading Homecare Marketplace