Thailand Law Blog
Overview of “Games” Software Activity Under Thailand BOI
The Board of Investment (BOI) Thailand is promoting some business activities in order to earnestly awake Thai economy. The BOI promoted activities are categorized in seven main sections. If you look into the list of activities eligible for BOI promotion, “Software” is one of the most popular activities which is sub-categorized under Section 5: Electronic […]
Abandonment of Business in Thailand (Article 1273/1)
If the company fails to submit the financial statement three years in a row, there is a possibility that the officer might consider the company as abandoned and struck the company’s name off the record. The step of striking the company’s name off the record is seen in article 1273/1 as read: “Where the registrar […]
The Condominium Act (B.E. 2522) – Buying a Condominium in Thailand
The Condominium Act in Thailand (B. E. 2522) has been amended in 2008 to solve the problem arising out of the law enforcement and to provide protection over the people purchasing the condominium units for dwelling purpose. Here are the highlights of this law: When a buyer enters into an Agreement to Sell a Unit […]
Ordinary and Extraordinary Shareholders Meeting
Both ordinary meeting and extraordinary meeting are a shareholders meeting. The differences are that the ordinary meeting shall be held in two cases. The first ordinary meeting is held within six months after the business is incorporated, the following ordinary meetings are held after the first ordinary meeting and will be held at least once […]
Factory License in Thailand Overview
There are three (3) types of factory under Factory Act, B.E. 2535 (1992). The first type of factory can operate or manufacture any time upon their wish. However, the manufacturer has to follow the regulation under ministerial regulations. The second type of factory, even there is no need to ask for permission before any manufacturing, the […]
Procedures of Applying for BOI Promotion
Applicant must contact the BOI official within 10 working days to make an appointment for interview and project presentation. Completed BOI application are submitted to: Investment Service Center One Start One Stop Investment Center Regional Investment and Economic Centers Overseas Offices BOI Offices Project Analysis BOI will inform the applicant in writing within 7 working days […]
Obligations of a Guardian in Thailand
When a person adopts a child in Thailand, he becomes a guardian on the day he receives notification from the Court that he has been appointed as one. From that point on, he is expected to perform several functions for the benefit of his ward. For starters, the guardian must make an inventory of the […]
Abandonment of Business: An Overview
Once the business is incorporated, the company has many duties as a juristic person, business entity, to be followed. Those duties are specified in the Thailand Civil and Commercial Code. One of the most important duties is submitting a financial statement, a balance-sheet, every year. As read in article 1196 of TCCC “A balance-sheet must […]
Invention – Patent in Thailand
Rather than Trademark and Copyright, Patent is an intellectual property. In Thailand, there are two types of Intellectual Property: Patent which can be divided into an Invention (the invention has to be new, inventive and capable of industrial application) and a Product design; Petty Patent or utility model which is similar to the invention but […]
Non-Tax Privileges under the (BOI) Board of Investment in Thailand
When the applicant is informed of the writing approval notification by the office of Board of Investment, the applicant will be also be given the detailed conditions, privileges, and benefits from the Board of Investment in writing. Whether the promoted project is granted, the tax privileges or non-tax privileges or both depends on the type […]
