Category: Administrative Law
New Tourist Tax? Thailand Government Plans Overtourism Solutions
Due to the overwhelming number of tourists returning to Thailand after the pandemic, tourist operators have urged the government to take action against overtourism. One of the primary measures being planned is a new tourist tax on all those entering the country in hopes that it will help combat overtourism by funding government initiatives to […]
Minimum Wages Rise Again in Thailand
In addition to the raising of the minimum wage in Thailand which has been implemented in January 2024, a second wage increase has gone into effect as of April 2024, though only for workers in certain sectors. While the new wage hike still falls short of the level promised by the Pheu Thai Party in […]
VAT Imposed on Imported Goods in Thailand in 2024
From May 2024 onwards, the Thai government plans to introduce a 7% value-added tax (VAT) on all imported goods valued at one baht or more, regardless of their origin. However, imported goods priced below 1,500 THB per parcel will be exempted from this tax initiative to alleviate the burden on smaller transactions. Protecting local businesses […]
Foreign Business: Wholesale and Retail Minimum Capital Requirements
The Foreign Business Act of 1999 restricts both wholesale and retail businesses from foreign investment, with exceptions depending on the amount of minimum capital. However, the conditions under which a foreign business may engage in either is not exactly the same and furthermore the issue is complicated by other minimum capital requirements in the Act. […]
Introduction to the Technology Transfer Plan
Foreign investors in Thailand, who will be investing a majority of the capital in a business venture, have the option of applying for a Foreign Business License if the intended business is restricted under the Foreign Business Act of 1999. However, in order for the application to be approved, an important requirement is that the […]
Foreign Business Law of Thailand FAQ
The foreign business law of Thailand is quite in-depth, so it is essential to review a more detailed series of questions, especially some often overlooked points, for the benefit of foreign investors interested in doing business in Thailand. 1. When can a foreign company operate business after receiving permission in the form of a Foreign […]
Foreign Business Act: Consignment Sales in Thailand
The Foreign Business Act of 1999 is the fundamental law in Thailand that serves to restrict foreign investment and foreign business activity within the country. The Act designates specific industries or types of business activities in which foreigners are either strictly prohibited from engaging in or may only engage in after applying for permission. It […]
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 […]
International Trade Without Distribution in Thailand
Aside from being a place to do business, foreign companies are also choosing Thailand as a jurisdiction to locate their businesses perhaps without actually doing business there. The reasons why a foreign company may want to locate themselves in Thailand while engaging in business somewhere else are varied and complex; it may have to to […]
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 […]
