The Thai Board of Investment (BOI) has introduced its new policy for incentives for qualified investment projects. Under the new policy, following tax and non-tax incentives may be granted to successful applicants: These major changes are intended to show strong determination of the royal Thai government in reinforcing the existing foundation and create sustainable business…
Under the Royal Decree No. 604 of 2016 (B.E. 2559), tax benefits were given to companies or partnership’s expenses of domestic investment. On 24th January 2017, the cabinet approved a one year extension of this tax measure, that is for the period from 1st January 2017 until 21st December 2017. It should be noted that…
FRANK Legal & Tax’s first MeetUp on Establishing a Company in Thailand was held successfully on February 10th, 2017 at the company office in Athenee Tower, Bangkok. We plan for the forum to take place once a month, covering a range of subjects related to corporations in Thailand. The next event “Company Formation In Thailand” will take place on March 9th…
The Thailand Board of Investment (BOI) is an agency of the Government of Thailand to promote investment in Thailand. It provides investment information and services for investors, as well as many incentives. E-commerce is one of the business categories that are promoted by the BOI. In case a foreign company would like to conduct e-commerce…
FRANK Legal & Tax has offset its Corporate Carbon Footprint 2016 by supporting Gold Standard high-quality carbon mitigation projects. FRANK Legal & Tax takes on responsibility for climate protection and is a climate neutral company. Together with the climate protection partner ARKTIK the CO2 emissions from its corporate activities were calculated and afterwards neutralized by…
FRANK Legal & Tax advises and represents a foreign company in legal matters related to establishing fun parks in Bangkok, with a total investment value of approximately 200 Million THB. Our services include the incorporation of a group of companies, license applications and other related matters. Find out more about our corporate and commercial services
FRANK Legal & Tax is pleased to announce that we have started a “MeetUp” group. The Group aims to to create a forum for entrepreneurs and business start-ups where information can be obtained and ideas can be exchanged. To see our profile and join, visit:https://www.meetup.com/Establishing-a-Company-in-Thailand/Our MeetUp events are planned to take place on a regular basis once…
Whether you have business opportunities overseas or are taking care of family members back home, one of the big worries is exchange rates. Even small changes in the dollar’s value can cost you a significant amount, although things could also go in your favor by opening Multi-Currency Account. Multi-Currency Account or Foreign Currency Account is…
Starting from 1 January 2017, the daily minimum wage in Thailand will increase by 1.7% to 3.3% (amount depending on province) in most provinces of Thailand. This increase has been approved by Central Wage Committee on 19 October 2016. ML Puntrik Smiti, Labour Ministry permanent secretary, stated that eight provinces will maintain a minimum salary…
What are the definitions of “termination” and “lay-off”? Termination of employment is an employee’s departure from a job. Termination may be voluntary on the employee’s part, or it may be at the hands of the employer, often in the form of dismissal (firing) or a layoff. Dismissal or firing is generally thought to be the…
What are the definitions of “termination” and “dismissal”? Termination of employment is an employee’s departure from a job. Termination may be voluntary on the employee’s part, or it may be at the hands of the employer, often in the form of dismissal (firing) or a layoff. Dismissal or firing is generally thought to be the…
Unlicensed hotel in Phuket were given a deadline to do the required registrations before 31st January 2017 by Chokchai Dejamornthan, Phuket Governor. If they do not comply, owners may have to confront legal action. Mr. Chokchai also said that according to Provincial Administration’s information there are only 424 licensed hotels in Phuket while an estimation…
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