Many foreigners wanting to set up a Thai limited company want to have 100% ownership, but because of Thailand foreign business law, some want to explore the choice of having a Thai partner to be the majority shareholder. Many of ThaiLawyers clients want to know if they can have nominee Thai shareholders to hold majority […]
Registered capital is not the same as working capital. Registered capital is what you registered with the Department of Business Development, Ministry of Commerce of Thailand, as the capital of the company, at least 25% of which has to be paid up. When part or all of your registered capital is paid up, you have […]
Thailand labour law says that employees are entitled to unlimited sick leave but the number of paid sick days is only up to 30 regular workdays per year. The employer can ask an employee to produce a certificate from a qualified doctor for a sick leave of three days or more. What happens if an […]
The Thai labor law stipulated that the maximum number of working hours of employees in Thailand is 8 hours a day and not more than 48 hours a week. The employer and the employee may agree to arrange the period of working hours for some types of works, as stipulated by the Thai labor law, […]
Today, Thai Business Law Expert answers a question from a new client. Question: We would like to set up an exporting company which will be a 100% foreign owned. How much should we register as capital? Answer: Foreign owned 100% Thai limited company doing only exports needs at least 2 million Baht registered capital. However, […]
This page gives foreigners a general idea of Thailand Immigration rules, things to keep in mind regarding your stay in Thailand. Foreigners staying in the Kingdom of Thailand shall adhere to the following: Shall not engage in occupation or employment unless authorized by competent official. Shall stay at a place of residence as indicated on […]
Effective from 1 April, 2012, businesses that have projects with government agencies are required to prepare and submit the “Revenue and Expense Accounts” to the Revenue Department according to the Notification of National Anti-Corruption Commission Concerning Principles and Methods of Preparing Revenue and Expense Accounts of Project between Individual/company and Government Agencies B.E.2554 (A.D. 2011). […]
In Thailand, a factory means a building, place or vehicle which uses a machine from five horse powers or an equivalent thereof or more or which employs seven workers or more with or without any machine for manufacturing, producing, assembling, filling, repairing, maintaining, testing, improving, altering, transporting, keeping, or destroying anything in accordance with the […]
According to Section 86 of the Land Code, a foreigner may purchase land in Thailand only by virtue of the provision of a treaty providing him with the right to own immovable property. Obtaining such acquisition is subject to the provision of the Land Code and the Ministerial Regulations issued under the Code, and the […]
In order to improve the work permit and immigration processes, the Board of Investment (BOI) of Thailand has recently introduced the e-Expert System for BOI promoted companies. This system allows for online processing of expatriate work permits and immigration formalities, including review and approval, through the Thailand BOI’s website whereas a user ID and password […]