There are certain ways on how foreigners can do business in Thailand. If a certain business is restricted to foreigners, one must obtain a Foreign Business License in order to be permitted to operate in Thailand. When applying for a Foreign Business License, details of the type of business for which a license application is […]
Foreigners planning to have a business in Thailand operating either as a Branch Office or Representative Office of a company incorporated under the laws of a foreign country, or as a Thai limited company incorporated under Thai laws with majority shares owned by foreigners, need to have the minimum capital required by Thailand Foreign Business […]
The capital of US companies operating in Thailand, which are protected by the Treaty of Amity between Thailand and USA, is determined by Thailand Foreign Business Law. Below is the information of the minimum capital requirement of a US company or Treaty of Amity Company, which operate either as a branch office of a company […]
The foreigners, wishing to do business in Thailand, have the following responsibilities or duties right when they have obtained the foreign business license or certificate. Failure to comply with these issues can result in hefty fines. 1. Foreign Business License / Certificate 1.1 The license / certificate must be on display at the place of […]
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 […]
A contract is deemed to be concluded and binding where the offer is accepted and the acceptance is communicated from the offeree to the offeror. It is an exchange of promises between two or more people for a particular purpose to do or not do something as a legally enforceable agreement. Agreements are made by […]
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 […]