Question: I am American and going to do business in Thailand next month. I have to carry some cash in USD currency for my business. What is the amount of Foreign and Thai currency that visitors are allowed to bring into or out of Thailand? Answer: Foreign Currency If you carry any foreign currency of […]
Thai lawyers got an inquiry from a foreigner about doing business and setting up a company in Thailand. Question: I am German and have a Thai wife living in Thailand. I wish to do a business in Thailand soon. If I want to register a Thai limited company with my wife being majority owner, what […]
In a move to keep the existing law updated and increase regulating efficiency, the Thai government has recently approved a draft royal decree that amends the types of business activities prescribed by the Foreign Business Act B.E. 2542 (1999) specifically by granting an exemption for activities involving the sale of agricultural futures on the Agriculture […]
ThaiLawyers can help you set up your business as a Representative Office of your overseas company here in Thailand. However, you have to note the activities that your representative office can do and its characteristics before you proceed with its registration. Moreover, when you have a representative office in Thailand, you will have the following responsibilities:- The […]
Here are the steps, timeline and fees to set up a Treaty of Amity Company in Thailand: If you don’t have a US company yet, we will register a limited company in Thailand for you, with all 3 American shareholders (or 2 American and one Thai) with a registered capital of THB 3 M. This […]
Today, Thai Business Law Expert answers a question from a new client. Question: We would like to set up an exporting company which will be a 100% foreign owned. How much should we register as capital? Answer: Foreign owned 100% Thai limited company doing only exports needs at least 2 million Baht registered capital. However, […]
One of the several ways on how a foreign business can operate in Thailand is to obtain a Foreign Business License. In order to have a good chance to be granted a “Foreign Business License”, a foreign business applicant has to have all these 3 characteristics as follow: Being a juristic person (company) registered overseas […]
The Treaty of Amity or the Treaty of Amity and Economic Relations between the United States of America and the Kingdom of Thailand is an agreement between the United States and Thailand which aims to promote trade, commerce, cultural understanding and reciprocal legal rights between the countries. The Treaty of Amity, signed on May 29, 1966, […]
A foreign company engaged in international trading business can apply for registration of its representative office in Thailand. Scope of Activities of a Representative Office As required by the Thai law, the business activities that a representative office can carry out in Thailand are limited to five business activities concerning: Sourcing of goods or services […]
Some foreigners do not need to apply for a Foreign Business License in order to do business In Thailand. It should be noted that if your foreign majority owned company only does exports from Thailand or manufacturing of goods in Thailand, you do not need to obtain a Foreign Business License. And if you are […]