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 […]
The main elements of a probation of a new employee in an employment agreement that are widely used among employers in Thailand are: A 4-month probationary period; and A right given to the employer to terminate such employment agreement at the end of the probation When considering to hire a new employee and set his […]
Foreigners are allowed to stay in Thailand under a business visa as long as he has a work permit. One among channels for them to acquire a work permit is through the privilege granted under a BOI investment promotion. However, holding a work permit does not mean that they can freely work; those expatriates can […]
For foreign investors, the most important step is to get the permission to operate their business under Thai laws whether through the channels of Foreign Business License or BOI promotion. Once the permission is granted, then it comes to the second step of the same importance – to get work permits for their foreign skilled […]
If you have a work permit with a BOI company and your work permit is cancelled, you need to take the cancellation document issued by the BOI to the Single Window Service to cancel your permit of stay (or people say to cancel your visa) and leave the country within the deadline mentioned in the […]
An international school needs to have a school license. Any individual wanting to set up an international school (or any kind of school) in Thailand must go through the formality prescribed by the “Private School Act B.E. 2550”. Foreigners may find it not easy to open one. Find out why: The Licensee Natural person • […]
Setting up a company is the very first stage to launch your business in Thailand. One of the very first milestone is to appoint director(s) of the new company. A common strategy among the foreign-owned companies is to recruit a Thai as its director as it would become handy when it comes to the company’s […]