Category: Company Law
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 […]
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 […]
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 […]
Thailand BOI Flood Relief Measures
According to the serious flood situation in many areas, the Thai government has realized that this situation is no longer a local economic problem. The Thai flood which leads to the major damage to factories and business operations has affected both foreign and domestic investors. The Board of Investment is also worried about the BOI […]
BOI Feasibility Study for the Large Business Operation
One of the basic criteria for BOI project approval with investment capital of over 80 million Baht is that the applicant must submit the project’s feasibility study as a Board requirement. The feasibility study is divided into 2 types based on the amount of investment capital. Note that the mentioned investment capital does not include […]
Regional Operating Headquarter in Relation to the BOI
The Regional Operating Headquarter is another economic instrument from Thai government, providing benefits to investors who established a regional headquarter in Thailand. Various benefits provided to the investors with the aims of attracting more investment in Thailand, both tax incentives and non-tax incentives. The Revenue Department offers tax incentives, for instance, corporate income tax reduction, […]
