Category: Company Law
Registering Trademarks in Thailand
The trademark is an important legal concept in the world of business and commerce. Trademarks allow companies to distinguish their goods and services from competitors and thereby enhance the goodwill of the public towards their particular brand. Accordingly, trademark law seeks to protect both consumers, by allowing them to identify the origin of products sold [...]
The Foreign Corrupt Practices Act in the Thailand Context
Americans doing business in Thailand must remember that they are not only subjected to Thai law, but that in certain situations, U.S. laws still apply as well. For example, U.S. employment laws, environmental laws, antitrust laws, and tax laws all potentially apply to American companies doing business abroad. However, one of the most important laws [...]
ASEAN Economic Community: An Update on the Current Challenges Facing the Economic Integration
The ASEAN Economic Community (AEC) has been the buzzword in the political and business arena for some time. With 2015 fast approaching, governments in all the ASEAN countries are rapidly assessing their progress in line with the AEC 2015 blueprint. Thailand is, by no means, any different. Regarded in the region as the center, in [...]
Foundation in Thailand Overview
In Thailand, registration of a foundation is mainly governed by “The Civil and Commercial code, B.E. 2535 (1992)” and “The Ministerial Regulations of Regulations, Operation and Registration of the Foundation B.E. 2545 (2002)”. Article 110 of TCCC specifies a foundation as “A foundation consists of property specially appropriated to public charity, religious, affairs art, scientific, [...]
Abandonment of Business in Thailand (Article 1273/1)
If the company fails to submit the financial statement three years in a row, there is a possibility that the officer might consider the company as abandoned and struck company’s name off the record. The step of strucking company’s name off the record is seen in article 1273/1 as read: “Where the registrar has reasonable [...]
Shareholders’ Ordinary & Extraordinary Meeting : Business in Thailand
Both ordinary meeting and extraordinary meeting are a shareholders meeting. The differences are that the ordinary meeting shall be held in two cases. The first ordinary meeting is held within six months after the business is incorporated, the following ordinary meetings are held after the first ordinary meeting and will be held at least once [...]
Factory License in Thailand Overview
There are three (3) types of factory under Factory Act, B.E. 2535 (1992). The first type of factory can operate or manufacture any time upon their wish. However, the manufacturer has to follow the regulation under ministerial regulations. The second type of factory; even there is no need to ask for permission, before any manufacturing, the [...]
Procedures of Applying for BOI Promotion
Applicant must contact the BOI official within 10 working days to make an appointment for interview and project presentation. Completed BOI application are submitted to: Investment Service Center One Start One Stop Investment Center Regional Investment and Economic Centers Overseas Offices BOI Offices Project Analysis BOI will inform the applicant in writing within 7 working days [...]
Abandonment of Business Overview
Once the business is incorporated, the company has many duties as a juristic person, business entity, to be followed. Those duties are specified in Thailand Civil and Commercial Code. One of the most important duties is submitting a financial statement, a balance-sheet, every year. As read in article 1196 of TCCC “A balance-sheet must be [...]
Invention – Patent in Thailand
Rather than Trademark and Copyright, Patent is an intellectual property. In Thailand, there are two types of Intellectual Property: Patent which can be divided into an Invention (the invention has to be new, inventive and capable of industrial application) and a Product design; Petty Patent or utility model which is similar to invention but the [...]
