Thailand BOI has one of the conditions for the company to have the minimum level of investment capital required for all types of activities eligible for Thailand BOI promotion of one million baht. This amount excludes cost of land and working capital. Oftentimes, there is so much confusion regarding the calculation of the investment capital therefore, to […]
The Industrial Estate Authority of Thailand (IEAT) law states that the free zone is designated for the operation of industrial activities, commercial activities or other business relating thereto, for the purpose of economics, national security, public well-being, environmental management or other necessities as prescribed by the Board of the IEAT, whereby goods taken into the […]
Thailand BOI has prescribed investment policies in order to relieve the fiscal burden of the government and to respond to current and future economic situations as follows: 1.1 The efficiency and effectiveness of tax privileges given shall be enhanced. Privileges shall be granted to projects that actually benefit the economy and good governance shall be […]
Eligible applicants for Thailand BOI promotion can submit the application to the Board of Investment of Thailand. Hence, the Thailand BOI applies the following criteria in determining the suitability of a project for which investment promotion privileges are requested: 1. To determine approval for a project that requests promotion, the criteria are as follows: 1.1 Value […]
One of the key benefits of setting up a Representative Office in Thailand is that obtaining a work permit for a foreigner is not restricted to the standard ratio of 1 foreigner per 4 Thai employees under the work permit regulations for other kinds of business establishment. For a Representative Office, the ratio is 1 […]
THAILAND – AUSTRALIA FREE TRADE AGREEMENT PREAMBLE The Kingdom of Thailand and Australia, hereinafter in this Agreement referred to as the “Parties”; Inspired by the traditional links of friendship and the cordial relations which exist between them, and their shared regional interests and ties; Aware of the increasing importance of trade and investment for the […]
It is possible for foreigners to own land in Thailand. However, the following rules and conditions must be met: A foreigner can buy land in Thailand for residential purpose and the land to be purchased shall be not more than one Rai (or 1,600 Square Meters) in area. Bringing money not less than 40,000,000 THB […]
According to Section 86 of the Land Code, a foreigner may purchase land in Thailand only by virtue of the provision of a treaty providing him with the right to own immovable property. Obtaining such acquisition is subject to the provision of the Land Code and the Ministerial Regulations issued under the Code, and the […]
Thai Limited Company Law pasted below is from Thailand Civil and Commercial Code. There are provisions about nature and formation of a Thai limited company, shares and shareholders, management (including directors, general meetings, Balance Sheet, dividend and reserve, accounts), audit, inspection, increase and decrease of capital, debentures, dissolution, amalgamation of companies, notices, and conversion of […]
TITLE XXII PARTNERSHIPS AND COMPANIES CHAPTER I GENERAL PROVISIONS Section 1012. A contract for the organization of a partnership or company is a contract whereby two or more persons agree to unite for a common undertaking, with a view of sharing profit the profits which may be derived there from. Section 1013. There are […]