Can foreign companies sell goods in Thailand? If you buy products from suppliers inside the country and have them delivered to Thai buyers (either by agents, employees or the suppliers), it means you do business in Thailand. According to Foreign Business Law, before foreign companies sell goods in Thailand, they need to obtain a Foreign […]
What document needed for foreigners buying a condo is explained here. Most foreigners wanting to buy a condo in Thailand have heard that they need the FET Form (Foreign Exchange Transaction Form, previously known as Thor Tor 3) issued by a bank inside Thailand through which the foreigners send money into the Kingdom to buy […]
In the eyes of the law, a company is a form of juristic person which comes into existence by virtue of the law. It has its own rights, assets and liabilities separate from those of its shareholders and directors. The business of the company must be conducted by a board of directors, consisting of at […]
One of our employees want to take Maternity leave more than 90 days (98 days to be exact). We understand that the company will pay the employee salary for the first 45 days and the balance days she can claim from the Thai Social Security, can you let us know what she can claim for maternity leave more […]
If you want to set up a Thailand BOI company for manufacture of LED lamps, you need to understand what it means by manufacturing. A manufacturing process begins with the product design, and materials specification from which the product is made. It involves big machineries in transforming the raw materials into the final product. If […]
We frequently get questions about shareholders and directors of Thai companies. We think they are useful for anyone who has business in Thailand. Sometimes you need to change the public records of the company like address, directors, shareholders, capital, etc. We can help with any corporate secretarial services. Here are from our clients some questions […]
We have always told foreigners that Thai nominee shareholders are illegal. Our clients know that we do not recommend that way of company setup. Many law firms want to make money quickly and don’t tell their foreign clients that they are breaking the law. “The Nation” reported today: Probe finds 5 suspected local-nominee business services […]
Often times we get an inquiry like the below asking about investment certificate in Thailand. We think many people believe it and lose a lot of money trying to get it for some fake investors allegedly from Thailand. Here is an example of the inquiry we got: We are a start-up company looking for investment […]
Most people think that once they have a work permit they can work with different employers at the same time. It is rather strange that many prospective employers ask the foreigners who are looking for jobs if they have work permits. They even tell them to go get work permits first. The employers expect the […]
A Thai limited company needs to have a registered capital, which is an amount of money subscribed by those members who own such company called “shareholders”. Thus their liability is limited to the amount of unpaid portion of the company’s registered capital. In Thailand, there is no upper limit of a company’s capital. However in […]