Why Real Estate operators need BOI Promotion Amendment
Common pain points in Real Estate: Foreign 49% quota · FET-form · Leasehold 30+30+30 · Off-plan default. BOI Promotion Amendment addresses the regulatory exposure created by these pain points and converts it into a documented, defensible filing.
Typical counterparties for Real Estate: ผู้ซื้อต่างชาติ · Developer · กรมที่ดิน · ธนาคารผู้ปล่อยกู้ · นิติบุคคลอาคารชุด. The tax classification of contracts with these parties drives withholding tax, VAT and stamp duty exposure — we model all three.
Real Estate-specific clauses, codes and rulings
Signature considerations for Real Estate: Title transfer at Land Office · Right of first refusal · Foreign quota 49% (condo) · EIA covenant · Common area maintenance. Each is mapped to the corresponding Revenue Code section, BOI activity code or sector regulation.
Key references for Real Estate: พรบ.อาคารชุด · พรบ.จัดสรรที่ดิน · Foreign Land Ownership restrictions · EIA Regulations. We track amendments and rulings so your filing follows the current position, not last year's.
Our sector delivery process
(1) Sector intake — confirm activity code, counterparties and revenue mix → (2) Document collection with Real Estate-specific schedules → (3) Drafting with sector-aware checklists → (4) Filing with the BOI → (5) Audit defence package archived for 7 years.
Lead time: 30–60. Express tracks available for time-critical sector filings.
Pricing and incentive modelling
Service fee from quoted on request. Where BOI or sector incentives may apply, we run an incentive model alongside the base filing so the engagement pays for itself.
All government fees and translation costs are quoted up front — no hidden mark-ups.
Why NYC Legal for Real Estate
Repeated engagements across Real Estate clients — from SME to multinational subsidiaries.
Multidisciplinary team: attorneys + CPAs + former government officers, all bilingual.
Frequently asked questions
Is this service specific to Real Estate?
The underlying BOI Promotion Amendment is a regulated filing, but our delivery is tuned to Real Estate clauses, codes and counterparties.
Are there BOI or sector incentives we should claim?
Often yes — we map your activity to BOI/EEC and sector incentives during intake.
Lead time?
30–60 on standard track.
What if the Revenue Department audits Real Estate returns?
Our audit-defence package is included for 7 years — schedules, working papers and correspondence are archived for immediate retrieval.