Thailand Law Blog
ASEAN Comprehensive Investment Agreement
On 26 February 2009, the economic ministers of the ten ASEAN member States signed the ASEAN Comprehensive Investment Agreement (the “ACIA”), which liberalized trade within ASEAN in the following fields: Agriculture Fishery Forestry Mining Manufacturing Pursuant to the terms of the ACIA, ASEAN nationals are able to operate foreign majority-owned firms in Thailand by […]
Company Liquidation: Closing a Thai Limited Company
In the previous articles, we addressed the legal bases provided by the Civil and Commercial Code, passing a special resolution, and actual procedure for registering the dissolution of a Thai company. In this last series about closing a Thai Limited Company, we will explain the last stage in the process, which is company liquidation. Liquidation […]
Closing a Thai Limited Company: Special Resolution and Actual Procedure
In the previous article, we addressed the legal bases provided by the Civil and Commercial Code for dissolving a Thai Limited company. In this article, we will turn our attention to the most common basis, which is dissolving a Thai company through passing a special resolution as well as discuss the actual procedure for registering […]
Closing a Thai Limited Company
The closing of a Thai limited company is a very involved procedure that requires assistance from both a lawyer and an accountant. Furthermore, if a company has accumulated much debt during the course of its business operations, it may take a while before the company can settle its affairs and come to a close. Basically, […]
Applying for a Factory License in Thailand
As discussed in the previous article, a Category 3 Factory, as defined by Thai ministerial regulations issued pursuant to the Factory Act of 1992, is a factory that has over 50 horsepower or 50 workers or any factory which produces pollution (even if it has less than 50 horsepower or 50 workers). Category 3 factories […]
Setting Up a Factory in Thailand
In the previous post we discussed the different possible locations where one could establish a factory in Thailand. In this post, we will address the law with regards to setting up a factory, once one has already found the location. In Thailand, the main law that addresses the establishment of factories is the Factory Act […]
Where to Build a Factory in Thailand?
Foreign investors who are looking to construct a factory in Thailand should be aware of the different possible locations in which a factory can be built. There are primarily three possible locations, in order of suitability: Industrial Estates Industrial-zoned land outside of industrial estates (“Purple zone”) Non-industrial zoned land (“Green Zone”) Out of those three […]
Opening a Thai Corporate Bank Account
Opening a corporate bank account is a key priority for foreign investors who are doing business in Thailand. Different Thai banks, and even different branches within the same bank, tend to vary in their strictness and the requirements necessary for a company to open a bank account; here we will describe the generalities common among […]
How to Register a Company in Thailand
Under Thai laws, companies are classified as follows: Thai Partnership Thai Limited Company Thai Partnership, is just like any other partnership which may either be ordinary or limited. A limited company in Thailand is one which is formed by dividing the capital into equal share, and the liability of the shareholders is limited to the […]
What is a Thailand Personal Injury Case?
Thailand personal injury case or simply wrongful act is defined as an act or omission committed by a person willfully or negligently which caused injury to the life, liberty, body, health, property or right of another person. It is also classified under the law as ‘tort’ which is based on fault. The Civil and Commercial […]
