Holding a permit for permanent residency in Thailand has many benefits. A person with a permanent resident status can live permanently in Thailand without the need for a periodic stay extension. A permanent residence permit is the first step to becoming a naturalized citizen of Thailand. It entitles the non-Thai family members of the permanent…
A court in Hua Hin, Prachuap Khiri Khan Province, has decided that Airbnb is illegal in Thailand, thereby adding to the uncertainty connected with the use of this very popular app. What is Airbnb Airbnb is a US-American company founded in 2008. It operates in the hospitality field and offers an online marketplace for individuals…
The former process of business registration was considered as complex and unclear. The new regulation enhances the system and brings benefits to the applicant. It helps to save costs and strengthen the competitiveness. The additional possibility of e-Registration provides savings up to 30%, it saves time and is an easy method to register the new…
Understanding GDPR Compliance: Who’s Affected, What’s Required, and How to Protect Your Business Effective since May 25th the new law on Data Protection “GDPR” improves consumer rights. But whom does it affect, what are the effects and how to comply with the new regulation? GDPR was already approved in April 2016 by the EU Parliament…
We are delighted to have been featured in the well-respected professional blog Thailand Starter Kit (ExpatDen), in their recommended lawyers section. The two guides, FRANK Legal & Tax, are featured to highlight how to select a first-class lawyer in both Bangkok and Phuket. The Thailand Starter Kit was created with the intention to share know-how…
The Wage Adjustment in 2018 The wages council agreed to set a new minimum wage, which came into effect from April 1, 2018. The wage adjustment in 2018 is divided into 7 levels as follows; Mr. Chakkarin, Permanent Secretary of the Ministry of Labour, also made three additional proposals as follows; These proposals…
In Q4 2017, the Bangkok condominium market grew steadily, particularly in the downtown area of the city. The number of new properties launched in 2017 overall also grew year on year by, with a 51% increase compared to 2016. Bangkok’s condominium market is likely to continue to grow in the future, given the many new…
The questions that are often asked by companies, especially when they are new to the market. What exactly are “annual accounts”? What information must they contain? Are there rules for the preparation of annual accounts? With annual accounts, also referred to as the annual financial statements, the bookkeeping closes the respective business year. The results…
Due Diligence refers to the careful, systematic, and detailed collection, review, and analysis of data of an investment, acquisition, or merger candidate or the disclosure of the data by the target object. Due diligence may be conducted by the buyer and/or the seller of the company or the stakeholder. In addition to enabling the purchase…
The Cabinet of Thailand has now approved the new ‘SMART Visa’ which was made available on Feb 1, 2018. The Cabinet approved the ‘SMART Visa’, which aims to attract foreign experts to work or invest in 10 target industries of Thailand (S-Curve). The launch of the new visa is expected to accelerate the development of…
The below tax deduction list will aid you in submitting your 2017 personal income tax (PND90, 91). The submission window is open from 1 January 2018 – 31 March 2018. We recommend our clients that preparations should be made in a timely fashion and the filings should be submitted by the end of next month….
SMEs To increase competitiveness including the extension of the promotional period for SMEs of the scheme to 30 December 2019, there will be up to 100 business activities and relaxed requirements and conditions. The BOI made the decision to offer more attractive incentives. For example, SMEs operating any activities that improve competitiveness, including research and…
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