Thailand Law Blog
Laws Governing Thai Limited Companies
Nature and Formation of Limited Companies Section 1096 of the Civil and Commercial defines a limited company as that kind of which is formed with a capital divided into equal shares and the liability of the shareholders is limited to the number of shares respectively held by them. Any three or more persons may, by […]
Introduction to Force Majeure
“Force majeure” (“FM”): FM, also referred to as an Act of God, addresses the scenario when performing a contract or obligation becomes impossible, difficult, or onerous to perform due to exceptional events outside of either party’s control. Typically, a party prevented from fulfilling its obligations by such events is temporarily relieved from complying with those obligations […]
Thailand BOI: Enhanced Incentive Packages and Special Incentives for Targeted Activities
BOI Seminar Summary BOI has 2 types of investment incentives which are the standard incentives and additional incentives. The standard incentives consist of activity-based with less than or equal to 8 years of CIT (corporate income tax) exemption and technology-based (Nano tech, Digital tech, Bio-Tech, Advanced material tech) with less than 10 years of CIT […]
2022 Guide to Work Permit Exemptions
It is crucial to acknowledge that not all companies in Thailand are able to provide foreign employees with work permits. To be eligible, the company must fulfill the requirements of the Ministry of Labor. The Alien Working Act 2008 outlines work permit exemptions for foreigners who meet the specified conditions.
Setting Up a Company in Thailand
If you are looking to start your first business in Thailand, it is crucial to understand the legal implications and processes you will need to go through. The task could be challenging and time-consuming, but with proper preparation and trusted advice from qualified experts, you will be able to get a company up and running […]
Steps for Company Registration in Thailand
Thailand is amongst one of the most attractive countries in the region for foreigners to set up a business due to its strategic location in Southeast Asia, the growing economy, and the system that supports foreign investment. If you are an entrepreneur who wishes to grow your business in the Kingdom of Thailand, here is […]
Thailand’s Cannabis Regulation in 2022
“Cannabis” is recognized by many health professionals and locals in Thailand as a medicinal plant with a high potential for therapeutic use and has a long history in the practice of Thai traditional medicine. However, the enactment of the Narcotics Act in 1979 classified cannabis as a type of narcotic plant, and hence, its usage […]
How to Apply for Board of Investment in Thailand
The Kingdom of Thailand, the 2nd largest economy in South East Asia, standing at the heart of the ASEAN economic community. Also known as the “Gateway of Asia” due to its strategic location having millions of consumers, having excellent connections from other fast-growing countries, which is the reason it attracts investors all over the world. […]
The Thailand Civil Partnership Bill
The Second in Southeast Asia In July last year, the Thai Cabinet approved the Civil Partnership Bill, which was proposed by the Ministry of Justice to allow same-sex couples to register their partnership. The bill has been submitted to the House of Representatives Coordination Committee for consideration and approval before it will be forwarded to […]
Foreign Business: Wholesale and Retail Minimum Capital Requirements
The Foreign Business Act of 1999 restricts both wholesale and retail businesses from foreign investment, with exceptions depending on the amount of minimum capital. However, the conditions under which a foreign business may engage in either is not exactly the same and furthermore the issue is complicated by other minimum capital requirements in the Act. […]
