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 […]
Regional Operating Headquarters or ROH is a company registered in Thailand providing managerial, administrative and technical services as well as other supporting services to ROH’s foreign branches or its associated enterprises. Such supporting services include as follows: General administration, business planning and coordination Procurement of raw materials and components Research and development of products Technical […]
Regional Operating Headquarters or ROH is a juristic company incorporated in Thailand providing managerial, administrative and technical services as well as other supporting services to ROH’s foreign branches or associated enterprises. The criteria for ROH (previous scheme) in order to qualify for tax privileges are the following: Minimum paid-up capital must not be less than […]
Today, we discuss the similarities and differences between a “Regional Office” and a “Representative Office” in Thailand. The levels of comparison are as follows: Governing law Both Representative Office and Regional Office are permitted to carry out business under Section 17, List 3 (21) other business services of the Foreign Business Act B.E. 2542. At […]
In Thailand, employers who hire 10 or more employees must provide the evidences of employment as follows: Work rules & regulations in Thai language for the employees and disclose it at the workplace within 15 days since the day they started employing 10 or more employees. They also have to send a copy of the […]