Service Businesses Which Foreigners May Operate Without A Foreign Business License

Service Businesses Which Foreigners May Operate Without A Foreign Business License

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

Specific Business Tax in Thailand

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

Export and Import Licenses in Thailand

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

Buying Out an Existing Business in Thailand

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

Establishing a Food Production Plant in Thailand

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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Regional Operating Headquarters: Criteria for Special Privileges

Regional Operating Headquarters: Criteria for Special Privileges

In the previous article (How to Establish a Regional Operating Headquarters in Thailand), we addressed the basic definition of a Regional Operating Headquarters and how it is formed. As we mentioned, an ROH is a Limited Company set up in Thailand by a multinational corporation to provide management and technical services to enterprises in its […]

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How to Establish a Regional Operating Headquarters in Thailand

How to Establish a Regional Operating Headquarters in Thailand

A “Regional Operating Headquarters” or ROH or “regional office” refers to a Limited Company that is registered in Thailand in order to provide management and technical services to any enterprises in its corporate network. Normally, a multinational corporation will set up a regional office in order to manage its branch offices in the region. By […]

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ASEAN Comprehensive Investment Agreement

ASEAN Comprehensive Investment Agreement

On 26 February 2009, the economic ministers of the ten ASEAN member States signed the ASEAN Comprehensive Investment Agreement (the “ACIA”), which liberalized trade within ASEAN in the following fields: Agriculture Fishery Forestry Mining Manufacturing   Pursuant to the terms of the ACIA, ASEAN nationals are able to operate foreign majority-owned firms in Thailand by […]

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Company Liquidation: Closing a Thai Limited Company

Company Liquidation: Closing a Thai Limited Company

In the previous articles, we addressed the legal bases provided by the Civil and Commercial Code, passing a special resolution, and actual procedure for registering the dissolution of a Thai company. In this last series about closing a Thai Limited Company, we will explain the last stage in the process, which is company liquidation. Liquidation […]

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Closing a Thai Limited Company: Special Resolution and Actual Procedure

| July 12, 2013 | Company Law
Closing a Thai Limited Company: Special Resolution and Actual Procedure

In the previous article, we addressed the legal bases provided by the Civil and Commercial Code for dissolving a Thai Limited company. In this article, we will turn our attention to the most common basis, which is dissolving a Thai company through passing a special resolution as well as discuss the actual procedure for registering […]

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