One of the grounds for termination of employment of an employee with cause under the Labour Protection Act is repeated violation of work regulations, rules or orders which are both lawful and equitable subsequent to a written warning for which a previous letter of warning has been issued for the particular act. The letter will […]
In Thailand, a foundation is consists of property specially appropriated to public charity, religion, arts, science, literature, education or other purposes for the public benefit and not for sharing profit and has been registered under the provisions of the Civil and Commercial Code. The property of a foundation must be managed for implementing the objects […]
Thailand BOI question: As a company engaged in software business, can we include a car bought under the company’s name in our investment capital per BOI promotion condition? Answer: A car purchased in the company name can be considered part of investment. However, it must be reasonable. For an instance, you informed the BOI that […]
Thailand BOI about TISO: Foreigners who wish to register their TISO or Trade and Investment Support Offices in Thailand must comply with the conditions as follows: Conditions: 1. Projects must be approved by relevant government agencies. 2. Annual operating expenses must not be less than Baht 10 million. 3. Must have a business plan and […]
A limited company may reduce its capital either by lowering the amount of each share (not less than 5 THB per share) or by reducing the number of shares by special resolution of the meeting of shareholders. The capital of the company can not be reduced to less than one-fourth of its total amount. When […]
Tourism industry in Thailand is the industry which provides or gives services in return for remuneration in connection with tourism activities within and outside the Kingdom as follows: – Tour business – Tourist hotels business – Business relating to restaurants, service places and resorts for tourists – Business relating to the sale of souvenirs or […]
In general, foreigners are not permitted to acquire land in Thailand unless they comply with the rules and conditions of exception specified in The Land Code of Thailand. Only Thai individuals and juristic persons are allowed to purchase and own land in the country. The same restriction applies to foreign companies in Thailand. A company […]
Under the Factory Act B.E. 2535, “Factory” means a building place, or vehicle which uses a machine from 5 horse powers or an equivalent thereof or more or which employs 7 workers or more with or without any machine for manufacturing, producing, assembling, filling, repairing, maintaining, testing, improving, altering, transporting, keeping, or destroying anything in […]
Even though Thailand’s labour law does not set the retirement age of employees, the interpretation of the Thai Labour Protection Act B.E. 2541 (1998) includes the fact that the retirement of employees is a termination of contract of employment. In case, an employer has included a retirement age in the work regulation, the employer shall […]
In order to comply with the legal requirements on Partnerships and Companies under the Thai Civil and Commercial Code, all companies are required to hold the meeting called the Annual General Meeting of the shareholders (AGM). The meeting must be held within 4 months from the financial year-end, meaning by the end of April each […]