At the end of the life cycle of a private limited liability company in Thailand, it is necessary to liquidate and dissolve the company by resolution of its shareholders. The procedure has to follow the rules of Sections 1247 – 1273 of the Civil and Commercial Code of Thailand (CCC). To proceed with the dissolution…
The Thai Government has taken a series of efforts in driving the economy through innovation and attracting highly skilled talents (Smart T), investors (Smart I), executives (Smart E) and startup entrepreneurs (Smart S) in its targeted industries – the so-called S-Curve industries – to Thailand. Therefore, the Smart Visa program was launched, which offers some…
Under the Thai Social Security Act, B.E. 2533 a company was required to register as an employer at the Social Security Office (SSO) within 30 days after the first employee has started to work for the company. This rule has now changed with the latest notice letter by the SSO which was sent to one…
Under the Foreign Business Act (“FBA”), foreigners are legally restricted from doing certain businesses in Thailand as prescribed in the lists annexed to the FBA. Fortunately, there are various possibilities to obtain official permissions. And there are also government schemes available which provide for tax exemptions and tax reductions. Until now, the Thai government authorities…
Valuable gifts such as condominium units, houses, and cars are not uncommon in Thailand, and most such gifts are made for specific reasons. The reasons for such gifts could not be more diverse, and personal disappointment might lead to great regret. Therefore, it is advisable for both parties, donors, and donees, to think about protective…
Litigation is usually the last resort to solve a dispute or enforce a claim. Many parties in a dispute try to avoid a litigation process because they fear the court costs or losing the process. However, sometimes litigation is the only way for a party to obtain relief. Therefore, it is good to know that…
Before its ban in 1934, cannabis was an essential part of the rural culture in Thailand. It was used as medicine, as fiber for clothing and even as a traditional spice for the Thai boat noodle soup. Under the Marijuana Act, B.E. 2477, released in 1934, the possession, usage and sale of cannabis was criminalized…
Overcharging tenants for electricity and water was a common practice among landlords in Thailand. Weak regulations laid the foundation for the collection of exaggerated deposits and punitive methods of landlords if tenants did not pay their rent. The Contract Committee of the Consumer Protection Board aims to end such practices with “the Regulation of Residential…
Thailand has introduced a new program to attract highly skilled experts and investors. This program shall target several industries and enhance the scientific and technological sector. SMART Visa and its privileges will help to recruit various talents, senior executives, entrepreneurs and investors for the country’s development in the fields of next-generation automotive, smart electronics, medical…
Clarification on the Scope of Work Permit under Decree 2018 On the 10th of May 2018, the Department of Employment (DoE) published a letter to address the scope of the Work Permit under the Emergency Decree on Foreign Employee Management B.E. 2561 (the “Decree 2018”). It especially elucidated the question of whether a foreigner who…
A New Battery Production Factory of Mercedes-Benz Cars in Thailand Together with their local partner, Thonburi Automotive Assembly Plant Co. Ltd. (“TAAP”), Mercedes-Benz Cars is going to invest over 100 Million Euros in the existing car plant and a new battery production factory in Thailand. The investment shall extend the existing car plant and increase…
The electronic machine tracking system (eMT) was developed by the Investor Club Association to assist companies promoted by the Board of Investment (BOI) with privileges granted under Sections 28 and 29 of the Investment Act B.E. 2520. The Investor Club Association (IC), established in 1993, is an organization that brings together Thai and foreign investors…
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