Category: Company Law
Laws Governing Thai Limited Companies
Nature and Formation of Limited Companies Section 1096 of the Civil and Commercial defines a limited company as that kind of which is formed with a capital divided into equal shares and the liability of the shareholders is limited to the number of shares respectively held by them. Any three or more persons may, by […]
Thailand BOI: Enhanced Incentive Packages and Special Incentives for Targeted Activities
BOI Seminar Summary BOI has 2 types of investment incentives which are the standard incentives and additional incentives. The standard incentives consist of activity-based with less than or equal to 8 years of CIT (corporate income tax) exemption and technology-based (Nano tech, Digital tech, Bio-Tech, Advanced material tech) with less than 10 years of CIT […]
2022 Guide to Work Permit Exemptions
It is crucial to acknowledge that not all companies in Thailand are able to provide foreign employees with work permits. To be eligible, the company must fulfill the requirements of the Ministry of Labor. The Alien Working Act 2008 outlines work permit exemptions for foreigners who meet the specified conditions.
Setting Up a Company in Thailand
If you are looking to start your first business in Thailand, it is crucial to understand the legal implications and processes you will need to go through. The task could be challenging and time-consuming, but with proper preparation and trusted advice from qualified experts, you will be able to get a company up and running […]
Steps for Company Registration in Thailand
Thailand is amongst one of the most attractive countries in the region for foreigners to set up a business due to its strategic location in Southeast Asia, the growing economy, and the system that supports foreign investment. If you are an entrepreneur who wishes to grow your business in the Kingdom of Thailand, here is […]
How to Apply for Board of Investment in Thailand
The Kingdom of Thailand, the 2nd largest economy in South East Asia, standing at the heart of the ASEAN economic community. Also known as the “Gateway of Asia” due to its strategic location having millions of consumers, having excellent connections from other fast-growing countries, which is the reason it attracts investors all over the world. […]
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. […]
Developing a Luxury Hotel for Rent in Thailand
Thai law does not require condominium projects to be registered under the Condominium Act of 1979 and accordingly a popular type of development that is found in the tourist resort areas of Thailand is the unregistered condominium, which is usually marketed as luxury hotels. Typically, the investors who purchase units in such projects do not […]
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 […]
Thailand Relaxes Foreign Trading and Exchange Regulations
The unprecedented and alarming imbalance between the Thai baht and foreign currencies forced the Ministry of Finance and the Bank of Thailand to ease the rules on capital outflows. This was to reduce the pressure on the Thai baht and the adaptive regulations were to become effective in November last year. The easing of the […]
