Currently, there must be a minimum of 2 promoters to form a private limited company in Thailand. Company promoters are responsible for registering the company with the Department of Business Development of the Ministry of Commerce. The promoters must be individuals, not juristic persons or company and must be 12 years of age or older. […]
According to Section 8 of the Foreign Business Act of 1999, foreigners cannot operate businesses in respect of which Thai nationals are not ready to compete with foreigners yet, as prescribed in List Three, unless upon obtaining permission from the Director-General with the approval of the Commission. Hence, the business activities that are in List […]
Under Section 8 of the Foreign Business Act of 1999 foreigners are not allowed to operate any business concerning national safety and security, business affecting arts and culture, tradition and folk handicraft or the business affecting natural resources or environment as prescribed in the List 2 unless permitted by the Minister with the approval of […]
The business activities which foreigners may engage in are controlled by Thai laws. While some business activities cannot be allowed to foreigners completely, businessmen like Burmese may still engage in some activities with approval from the designated Thai government agency. The Foreign Business Act of 1999 has identified 3 lists of activities in which foreigners […]
Myanmar nationals can engage in tourism business activities in Thailand with their Thai partners but they cannot work as tour guides. According to the notification of the Ministry of Labour, all foreigners are not allowed to work as a tour guide in Thailand which involves: – bringing in individual or group tourists to travel to […]
Myanmar nationals can set up a Representative Office of their Myanmar company in Thailand if the business that they want to do does not involve any income generating activities. A Representative Office is a kind of business set up by an overseas-based company to render marketing and other non-operational activities in Thailand. For instance, a […]
Thai Lawyers Limited assists many foreign companies including Myanmar businesses to register a company in Thailand. Once registered, they should be aware of the filing requirements, both monthly and yearly. We summarize the filing requirements for Myanmar businesses and companies from other countries that operate in Thailand below but please note that you may be […]
Like other nationalities, Myanmar nationals can set up a company in Thailand without the need of a Thai partner for certain activities. Hence, you can fully own the company if you engage in the following business activities: Contact ThaiLawyers to discuss about the best option for you to do business in Thailand or get a […]
We have many clients from Myanmar. We at Thai Lawyers Ltd. set up their Thailand companies for them. And now our sister company in MSNA Group handle their accounting and taxes. Many businesses from Myanmar cannot send their payments directly to their international vendors overseas. And they cannot send money from their country to their […]
Effective from 1 April 2022, the Securities and Exchange Commission of Thailand prohibits digital asset business operators from facilitation the use of digital assets as a payment method for goods and services in order to prevent the potential impacts on the national financial system and economy as well as potential risks toward both public and […]