Category: Company Registration

Government Fees for Representative Office in Thailand

The Thai government charges a fee for the issuance of a Foreign Business License (a permit required for foreigners to operate restricted businesses in Thailand) which vary depending on the type of business and on how the foreigner operates businesses. The government fee depends on the type of business that the foreigner will be engaging […]

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New DBD Regulations for Company Registrations

The Department of Business Development (DBD) has recently issued a new order promulgating additional rules and documents necessary for registration of partnerships and companies with a capitalization of over 5,000,000 baht or for the registration of an increase in capitalization of a partnership or company of to an amount over 5,000,000 baht. Generally, applicants are […]

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Revised Board of Investment Policy

The Board of Investment (BOI) of Thailand has revised its investment policy in order to account for the changes in both the Thai and global economies. The BOI has announced a goal for its new policy which is based on promoting “investments offering value,” both within Thailand and for Thai investment overseas. The new policy […]

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Foreign Business Act: Manufacturing For Hire

Manufacturing is generally not restricted by the Foreign Business Act of 1999 which means that foreigners are allowed to operate such businesses in Thailand without having to apply for a Foreign Business License. However, one unclear point regarding manufacturing is whether manufacturing products according to specific customer orders is restricted to foreigners under the Foreign […]

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Foreign Business License: Regional Office

Foreign multinational companies with business operations in the ASEAN region or Asia may consider setting up a regional office in Thailand as a support hub for their corporate network in the region. Nevertheless, the regional office is considered a “service” business within the definition of category (21) of List Three annexed to the Foreign Business […]

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Thailand Foreign Business License: Rental Services

“Rental services” refers to procuring immovable property, such as land or office space, or movable property, such as machinery, equipment or motor vehicles for lease to customers. Rental services falls within Category (21) of List Three annexed to the Foreign Business Act of 1999. Therefore, any foreigners that plan to engage in rental services in […]

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Basics of Thai Investment Promotion Law

Thailand’s investment promotion laws are a particularly important element of its overall plan for future economic growth, especially regarding its competitiveness with other nations in the ASEAN Economic Community (AEC). The Investment Promotion Act of B.E. 2520 (1977), amended as recently as 2001, empowers the Board of Investment (BOI) of Thailand to grant tax and […]

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Mergers and Acquisitions: Corporate Income Tax Implications

Under the Revenue Code of Thailand, what are the corporate income tax and other tax implications arising after a merger and acquisition? The basic principle under Thai law is that after a merger, the amalgamated company inherits the rights and liabilities of the former companies.1 This principle is particularly relevant in terms of tax liability. […]

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International Headquarters and International Trade Centers

Siam Legal has extensive experience in working with foreign investors to help them establish their business operations in Thailand. For the convenience of our foreign clients, we prepare brief translations and synopses of Thai government announcements that directly or indirectly affect them. Recently, on January 15, 2015, the Department of Business Development issued an announcement […]

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What is required to open a company in Thailand?

There are many reasons why a foreign national would like to open a Thai company. Establishing a Thai company may assist a foreigner to purchase property, live in Thailand, or work in Thailand. The Thai government would like the primary intent of forming a company to be the building of a new business to earn […]

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