Category: Business in Thailand
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 […]
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 found in the tourist resort areas of Thailand is the unregistered condominium, which is usually marketed as luxury hotels. Typically, investors who purchase units in such projects do not do so for […]
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 […]
Thailand Promotes Major Infrastructure Projects for 2021
In a recent foreign press conference, Deputy Secretary-General Kobsak Pootrakool and Secretary of Thailand’s Council of Economic Ministers said that the kingdom’s economic growth in the next five years would be based on and derived from its present and substantial infrastructure investment. He pointed to present global economic recurring downtrends and geopolitical and commercial unrests […]
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 […]
Setting Up Company Partnerships under Thai Law
The Civil and Commercial Code of Thailand assists with the formation of partnerships similar to those found in the laws of other countries. However, partnerships are normally not formed by foreign investors due to particular difficulties that arise due to the Foreign Business Act of 1999. Generally speaking, the formation of a limited company is […]
Mergers and Acquisitions: Corporate Income Tax Implications
Under the Revenue Code of Thailand, what are the corporate income tax and other tax implications arising after a merger and acquisition? The basic principle under Thai law is that after a merger, the amalgamated company inherits the rights and liabilities of the former companies.1 This principle is particularly relevant in terms of tax liability. […]
