Category: Business in Thailand
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
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 […]
Property Lease in Thailand
Considerations for Lease Agreements in Thailand Given the substantial issues relating to foreigners owning a freehold interest in Thai land, a more viable option for people wanting to have a legal and long term interest in the property is done through lease agreements. There are however a number of pitfalls to be aware of, much […]
Utilizing the Thailand-Australia Free Trade Agreement (Continuation…)
What criteria must companies fulfill in order to be eligible to use the TAFTA? In order to enjoy the special privileges enabled by the TAFTA, the company in question must be eligible to apply for a Business Operations Certificate Section 10 of the Foreign Business Act. Within Section 10 is an outline for the criteria […]
Utilizing the Thailand-Australia Free Trade Agreement
Pursuant to the Thailand-Australia Free Trade Agreement, Australians are subject to special privileges which non-Australian foreigners in Thailand may not otherwise be granted. What is the Thai-Australia Free Trade Agreement? In 2003, Australia and Thailand announced intentions to enter into a free trade agreement, which resulted in the Thailand-Australia Free Trade Agreement (TAFTA) becoming operational […]
Hotel Business in Thailand
Most of the time, starting a hotel as a business in Thailand is a very profitable undertaking; however it is subject to quite a significant amount of regulation. Step 1: Business registration and Ownership While a Thai national may register any form of business entity, a private company limited is the most suitable form of […]
