Category: Company Law

Thai Permanent Residency Category: Investment

| January 24, 2014 | 0 Comments

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 […]

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

| December 6, 2013 | 0 Comments

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 […]

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Kert Stavorn’s Presentation to UN Employees Retiring in Thailand

| November 29, 2013 | 0 Comments

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 […]

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The Thailand Real Estate Investment and Property Law Forum 2013

| November 22, 2013 | 0 Comments

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 […]

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Guide to the Representative Office in Thailand

| November 15, 2013 | 0 Comments

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 […]

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Service Businesses Which Foreigners May Operate Without A Foreign Business License

| November 1, 2013 | 0 Comments

According the Foreign Business Act of 1999, foreigners are required to obtain a Foreign Business License before they may operate “other types of service businesses, except for those specified by Ministerial Regulations”. This provision in the law has generally restricted foreigners in Thailand from operating all types of service businesses except for those that are […]

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Specific Business Tax in Thailand

| October 11, 2013 | 0 Comments

Businesses in Thailand that provide goods and services are generally subject to the Value Added Tax (VAT), which is an indirect tax and is levied against the value received or receivable from the supply of goods and services. However, certain types of businesses under the Revenue Code are subject to the Specific Business Tax (SBT), […]

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Export and Import Licenses in Thailand

| September 13, 2013 | 0 Comments

The import/export business appeals to many foreign entrepreneurs in Thailand because it is a line of business that is not restricted by the Foreign Business Act of 1999. This means that a foreigner can engage in an import/export business without a 51% Thai shareholder or without having to apply for permission from the Thai government. […]

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Buying Out an Existing Business in Thailand

| September 6, 2013 | 0 Comments

Buying out an existing business, rather than starting one from scratch, is one possible option for foreign entrepreneurs in Thailand. One advantage for foreign entrepreneurs who choose to buy out an existing business is that the immigration and work authorization procedures may be smoother than if they started a new business. Foreign entrepreneurs must officially […]

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Establishing a Food Production Plant in Thailand

| August 23, 2013 | 0 Comments

Under the Food Act of 1979, no one is allowed to establish a food production plant in Thailand, unless they have received a license from the proper authorities. The licensing process has two main parts: (1) the preparation and submission of the application and (2) the preparation of the food production site. The application must […]

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