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Author Archive: Siam Legal International

Siam Legal is an international law firm with experienced lawyers, attorneys, and solicitors both in Thailand law and international law. This Thailand law firm offers comprehensive legal services in Thailand to both local and foreign clients for Litigation such as civil & criminal cases, labor disputes, commercial cases, divorce, adoption, extradition, fraud, and drug cases. Other legal expertise of the law firm varied in cases involving corporate law such as company registration & Thailand BOI, family law, property law, and private investigation.

Board of Investment Recommends New Investment Package

The Office of the Board of Investment is a government agency under the Office of the Prime Minister. Its core roles and responsibilities are to promote valuable investment, both investments into Thailand and Thai overseas investment. The Board of Investment (BOI) likewise aims to achieve sustainable growth in accordance with the sufficiency economy policy. In […]

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Restrictions on Unfair Trade Practices in Franchise Businesses

Commissioner Santichai Santawanpas of the Office of Trade Competition Commission or OTCC announced last month that new guidelines on unfair trade practices of franchise businesses would be enforced starting February 4, 2020. He said that the change aims at ensuring good governance, establishing business practice standards, and protecting small-scale franchise holders from bigger ones. At […]

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Bank of Thailand Announces Relaxation of Foreign Trading and Exchange Regulations

The Bank of Thailand (BOT) Act, B.E. 2485 sets out the objectives, the scope of working and organization structure of the Bank of Thailand in accordance with the international central banking standard in order to maintain the financial system, the financial institution system and the payment system stability and efficiency through transparency and accountable procedure. […]

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Legal Protection of Online Banking in Thailand

The ways of the world have gone digital since the invention and phenomenal evolution of information technology. Doing business has easily been one of these ways and the ease, economy, competitiveness, and speed of digital operations have led industries, including banking, to use the internet or go online. Thailand is among those, which have kept […]

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Legalization of Cannabis for Medical Use in Thailand

Regardless of the purpose, making cannabis available for the general public remains a highly controversial and debatable issue. Laws around the world either ban or restrict its cultivation, distribution, sale or use primarily because of its established adverse psychological effects. Until recent years, advocates for the narcotic are slowly gaining ground across several countries. Thailand […]

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Recognition of Foreign Divorce for UK Citizens

In April 1988, the United Kingdom introduced amendments to its Family Law on the recognition of divorces granted to its citizens by foreign jurisdictions such as divorces granted in Thailand. The amendments set standards for the recognition of divorces obtained by means of proceedings, as well as those obtained by means other than by means […]

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BOI and the Foreign Business Act

Foreign-owned companies that are registered in Thailand are eligible for promotion under the Board of Investment (BOI). Furthermore, once BOI promotion has been granted, the promoted company may apply for a “Foreign Business Certificate” under Section 12, which allows majority foreign ownership specifically for companies promoted under the BOI. Nevertheless, the Foreign Business Certificate only […]

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Testate Succession Under Thai Law

Succession is a mode of acquisition by virtue of which the properties, including its rights and obligations, of a person are transmitted upon his death to his heirs, devisees and legatees. In Thailand, succession may either be testate or intestate. Testate succession occurs when a person dies with a Thai will naming his heirs as […]

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Section 10 of the Foreign Business Act

Foreigners who operate a business in Thailand under a treaty to which Thailand is bound, such as Americans who open a company under the Thai-U.S. Treaty of Amity have their rights to operate business confirmed under Section 10 paragraph two of the Foreign Business Act of 1999 which states as follows: “Foreigners operating businesses specified […]

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Withholding Tax for Sale of Property with Co-Owners

According to Thai Revenue Department regulations1, when the immovable property, such as land, with co-owners is sold, then payment of withholding tax when the transaction is registered at the Land Office shall apply as if the co-owners are engaged in an ordinary partnership according to Section 1012 of the Civil and Commercial Code2; in other […]

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