Category: Business in Thailand
Thai Cabinet Agrees to Ease Foreign Business Ownership Restrictions
A common talking point among non-Thai entrepreneurs is that setting up a business in Thailand as a foreigner is restrictive, but that may be changing in 2025. The Thai cabinet has proposed lowering restrictions imposed on foreign-owned businesses by the Foreign Business Act (FBA). This was in response to feedback from the Law Reform Commission, […]
Top Legal Issues Foreign Businesses Face in Thailand
Many common legal issues that foreign companies experience in Thailand can make registering a business more challenging. Unlike local Thai business owners, foreigners are subject to certain restrictions and conditions that they must abide by to ensure the survival of their businesses. Recognizing these issues before the company is formed helps establish a business that […]
How to Set Up a Business in Thailand: Legal Considerations
Foreigners looking to establish a company in Thailand must know certain procedures and legal considerations during the setup stage. Depending on the type of business, developing a company from scratch can be a long and complex process, especially for non-Thais. Understanding the legal requirements and steps involved is vital to ensuring your business is set […]
New BOI Thailand Rules Allow Foreign Businesses to Buy More Land
The Thailand Board of Investment (BOI) has implemented new rules regarding the ownership of land by foreign-owned businesses and other legal entities. These new regulations, effective December 9th, 2024, enable these businesses to purchase land in the company’s name provided they have achieved BOI promotion and meet some other criteria. While this has been possible […]
Thai Government Finalizes a Bill to Legalize Casinos in Thailand
Thailand is on the brink of a major shift in its entertainment landscape, as the government finalizes a bill to legalize casinos within entertainment complexes. This move could transform the country’s tourism and economy, providing new opportunities for both domestic and foreign investors. If you’re a gambling enthusiast planning a visit to Thailand or are […]
SMEs in Thailand Get Credit Benefits with New Agency
In August 2024, the Thailand Cabinet approved the establishment of a new government agency that will issue loan guarantees to applicants and assess their credit risk. Within six months, legislation will be drafted and submitted by the Ministry of Finance and the Bank of Thailand to the House of Representatives to finalize the approval, and […]
Thai Government Clarifies Foreign Business Rules in Thailand
On May 20, 2024, the Department of Business Development under the Commerce Ministry held a meeting to explain foreign investment regulations in Thailand to help foreign investors understand the law and invest more easily in the country without any violations. Participating Organizations There were 36 participants from 19 entities, which included representatives from: The Australian, […]
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 […]
