Category: Company Law

Foreign Business Law of Thailand Q and A

The foreign business law of Thailand is quite in depth, so it is helpful to review a more detailed series of questions, especially some often over-looked points, for the benefit of foreign investors interested in doing business in Thailand. Starting from what time can a foreign company that has received permission to operate business in […]

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Setting Up Company Partnerships under Thai Law

The Civil and Commercial Code of Thailand provides for the formation of partnerships as is 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 more […]

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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. […]

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Working in Thailand as Foreign Entrepreneur

A foreigner who desires to make Thailand his or her home, but who may not be married to a Thai spouse or have a job offer from a Thai company, might consider starting a business enterprise in order to stay in the country. The idea is particularly attractive because, with a company in Thailand, one […]

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Rules and guidelines on how a foreign company may set up its own Representative Office in Thailand

Previously, we discussed the main characteristics and features of the Representative Office according to Thai law, including its main purpose and the activities in which it is allowed to conduct. In this article, we will address the rules and guidelines regarding how a foreign company may set up its own Representative Office in Thailand. Generally […]

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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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Liability of Limited Partner in Thailand

A defining characteristic of the Limited Partnership under the Civil and Commercial Code of Thailand is that it distinguishes between limited partners and managing partners. This is a different situation than with an ordinary partnership where all the partners have joint and unlimited liability. In a limited partnership, the managing partner or partners assume joint […]

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What to do to Properly Close Your Business in Thailand?

Starting and operating a business in Thailand is challenging for a foreign national. The process of getting a business up and running in Thailand is difficult in itself. The company formation process, establishing utilities, and hiring of employees all require completing the forms at government offices. It is also difficult to hire in a tight […]

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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 […]

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What is required to open a company in Thailand?

There are many reasons why a foreign national would like to open a business in Thailand. Establishing a Thai company may assist a foreigner to purchase property, live in Thailand, or work in Thailand. The Thai government would like the primary intent of forming a company to be the building of new businesses to earn […]

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