Category: Company Law

Proposed Foreign Business Act Amendments in Thailand

Proposed Foreign Business Act Amendments in Thailand

The headlines in Thai business news have been dominated recently by the new government’s proposals to reform the Foreign Business Act of 1999. However, rather than to liberalize business, the proposals are expected to make the law even stricter. This has caused much concern in the foreign business community whose members have voiced their opinions […]

Continue Reading

Mergers and Acquisitions of Company in Thailand

Mergers and Acquisitions of Company in Thailand

Mergers and acquisitions are becoming a routine occurrence in developing countries as companies use the process to expedite their growth or gather additional benefits. A recent high profile example was the merger between Burger King and Tim Horton where the smaller Canadian Tim Horton acquired the larger American Burger King in an attempt to qualify […]

Continue Reading

What to do to Properly Close Your Business in Thailand?

What to do to Properly Close Your Business in Thailand?

Starting and operating a business in Thailand is challenging for a foreign national. The process of getting a business up and running in Thailand is difficult in itself. The company formation process, establishing utilities, and hiring of employees all require completing the forms at government offices. It is also difficult hiring in a tight labor […]

Continue Reading

ASEAN Economic Community and Thai Labor

ASEAN Economic Community and Thai Labor

The ASEAN Economic Community is coming in 2015. Within the blueprint for the AEC, there is an article called “Free Flow of Labor.” The purpose of this article is to eliminate the barriers of skilled professional workers being employed within the countries of ASEAN. Through a series of negotiations for liberalization over several years, ASEAN […]

Continue Reading

The Corporate Veil Under Thai Law

The Corporate Veil Under Thai Law

Under Thai law, a company is considered to be a juristic person, meaning that it comes into existence as a result of law. The intention of a company is expressed through a natural person, namely a “Director.” The Director, once appointed by the majority of the shareholders, becomes the representative of the company and is […]

Continue Reading

Thai Permanent Residency Category: Investment

Thai Permanent Residency Category: Investment

There are several options open to foreigners in Thailand who wish to apply for permanent residency status. The first one is based on investment, which consists of two components: presenting proof of investment both before permanent residence is granted and after it is granted. Before the permanent resident status is granted, the applicant must have […]

Continue Reading

Rules and guidelines on how a foreign company may set up its own Representative Office in Thailand

Rules and guidelines on how a foreign company may set up its own Representative Office in Thailand

Previously, we discussed the main characteristics and features of the Representative Office according to Thai law, including its main purpose and the activities in which it is allowed to conduct. In this article, we will address the rules and guidelines regarding how a foreign company may set up its own Representative Office in Thailand. Generally […]

Continue Reading

Kert Stavorn’s Presentation to UN Employees Retiring in Thailand

Kert Stavorn’s Presentation to UN Employees Retiring in Thailand

Siam Legal’s managing partner, Kert Stavorn, was invited to speak to a group of United Nations employees Tuesday regarding legal considerations for foreigners retiring in Thailand. He spoke for over one hour concentrating his presentation on the following issues: retirement visas, owning property in Thailand, fund remittance and taxes, estate planning, and investing. On the […]

Continue Reading

The Thailand Real Estate Investment and Property Law Forum 2013

The Thailand Real Estate Investment and Property Law Forum 2013

Asia Business Connect held the “Thailand Real Estate Investment and Property Law Forum 2013″ conference at the Bangkok Convention Center last September 19th to September 20th. Mr. Kert Stavorn, a partner at Siam Legal International, gave a presentation regarding “Contract Strategies and Legal Concerns in Sales/Property Contracts for the Real Estate Business” and also sat […]

Continue Reading

Guide to the Representative Office in Thailand

Guide to the Representative Office in Thailand

The Representative Office is an important form of business organization in Thailand since it helps to facilitate the import and export of goods by foreign companies. A Representative Office is characterized by the following features: It does not receive any revenue from providing services It cannot receive purchase orders or make sales or negotiate business […]

Continue Reading

Search the blog