Category: Business in Thailand
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. […]
Working in Thailand as Foreign Entrepreneur
A foreigner who desires to make Thailand his or her home, but is not married to a Thai spouse or working in 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, a foreigner can be their own […]
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 […]
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 […]
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 […]
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 […]
