According to Thai law, foreigners, (or most cases the company with 100% foreign ownership) in general are prohibited from owning freehold land in Thailand. However, there are a few exceptions to this. Leasehold. Foreigners may hold total leasehold interest in land and house leases. The Thai lease law allows a 30-year maximum lease period, with […]
Some company owners decide to close down the business and they register for dissolution but fail to file a liquidation report or register the liquidation with the registrar. In this case, the Department of Business Development will revoke the registration of companies that register for dissolution, where in the liquidation process, the liquidators either failed […]
Studies show that minimum wage hike policy for 2012 has posed no effect on Thailand’s overall economy, indicated by low unemployment rate and a small number of layoff, while business owners have been able to adjust themselves well for the minimum wage hike. Therefore, it is expected that the minimum wage hike in 2013 will […]
To prevent deprivation of rights, the member of Thailand Social Security or so called insured persons should claim social security compensation within 1 year after the date entitled to compensations in any of the following cases except for the unemployment benefit: In the event of illness or accident and the insured persons received medical treatment at […]
As per Thailand-Australia Free Trade Agreement, Australian business people are given temporary entry to Thailand under the following circumstances: A visa and work permit for up to five year’s stay for all Australian citizens being transferred to work in Thailand within the same company (renewable annually); A visa and work permit for up to three […]
Thailand BOI for Trade and Investment Support Offices (TISO) incentive is an alternative for foreign investors to achieve 100% of their companies conducting different types of services and trading activities inThailand. Once granted a TISO, a foreign company must obtain a foreign business certificate, a requirement less complicated than obtaining a Foreign Business License or FBL. Some […]
The One-Stop Service Center of Thailand provides one-stop services for temporary stay in the Kingdom to any qualified foreigner according to the Regulations of the Office of the Prime Minister Concerning the Establishment of the Visa and Work Permit Center B.E. 2540, as amended. The qualified foreigners who are eligible to submit an application and […]
ThaiLawyers can help you set up your business as a Representative Office of your overseas company here in Thailand. However, you have to note the activities that your representative office can do and its characteristics before you proceed with its registration. Moreover, when you have a representative office in Thailand, you will have the following responsibilities:- The […]
Here are the steps, timeline and fees to set up a Treaty of Amity Company in Thailand: If you don’t have a US company yet, we will register a limited company in Thailand for you, with all 3 American shareholders (or 2 American and one Thai) with a registered capital of THB 3 M. This […]
To close down a Thai limited company for ThaiLawyers clients, here is the general process. The process of closing down a company in Thailand: We advertise in a local newspaper the notice for shareholders general meeting (for the shareholders to come together to meet in order to approve the closure of the company), and also […]