Following the examples of many countries in the world, Thai legislators have now passed a new law introducing inheritance tax in Thailand. The new Inheritance Tax Act B.E. 2558 (2015) (“ITA”) was published in the Royal Gazette on 5th of August 2015 and will take effect on 1st of February 2016. Please see the following…
A copyright grants the creator of a work (literary, artistic, musical, or other creative work) the sole right to use the work however he wants. That means that a copyright owner has control over the reproduction of his work, including control as to which person can or cannot use the work. In 2015, several amendments…
Fabian Doppler of FRANK Legal & Tax, Bangkok spoke at TechGrind Ventures Syndicate, an exclusive investor syndicate of Southeast Asia’s most experienced Serial Entrepreneurs, Angel & Early-Stage investors. The topic of the presentation which took place on 8 August 2015 was: Foreign Investment in Thailand – Legal Restrictions and their Workarounds. The TechGrind Ventures Syndicate…
With the objective of supporting the Thai economy, since the 1980s, the Thai government has promoted the establishment of businesses in so-called „“Industrial Estates“, which are state-managed industrial parks. Foreign investors are offered various incentives for choosing such location for their business. There are about 36 Industrial Estates in Thailand. The legal basis for these…
Broadcasted on Tuesday, 26th of May 2015 at 6.30pm, FRANK Legal & Tax Managing Partner Mr. Fabian Doppler was interviewed by TNN2, a Thai television channel. In the TV show “Love Thailand” the topic “Land Rights For Private and Corporate Investors in Thailand” was discussed between Mr. Doppler and TV show host Dr. Wilfried Herrmann….
FRANK Legal & Tax advises and represents a German energy company in legal matters related to their market entry in Thailand. The client is in the process of establishing renewable energy plants (VSPP) in Thailand. Our services include company establishment, BOI application and related services.
In certain cases, business requires to second foreign staff to Thailand on a short-term or urgent basis. They may then apply for a temporary work permit to perform urgent and necessary duties. The application for this kind of work permit should be finished within a period of 15 days. A work related to administration, academic…
It is essential for a company to have a bank account to facilitate their financial transactions and for the safety of their money. But sometimes it can be difficult to open an account in a local Thai Bank. The company is a juristic person, and there are specific additional requirements for opening a bank account…
The Royal Thai Police has issued Royal Thai Police’s order No.327/2557 dated 30th June 2014, which took effect on 29th August 2014. Since then, a standing administrative practice has been established, which we would like to summarize in this article: According to a more recent internal regulation, the immigration officer may allow a cancellation…
According to media reports, the Finance Minister Mr. Sommai Phasee stated that the new inheritance and gift tax is expected to be submitted for the cabinet’s approval on this November 2014 and should be enforced in the year 2015. Please see his following information below: The draft will stipulate a minimum rate of 10% to…
Fabian Doppler of FRANK Legal & Tax, Bangkok spoke at this month’s Real Estate Investors & Networking MeetUp regarding “Real Estate Acquisitions – Legal Structures Available for Foreigners in Thailand”. Later at the same event, Matthias Duehn of Viet Diligence Legal, Hanoi spoke regarding “Real Estate Acquisitions in ASEAN – How to Avoid Pitfalls as…
Plans to reform Thailand’s tax system, including the introduction of inheritance and property taxes, have been approved by the Chief of the military-led National Council for Peace and Order (NCPO), Gen.Prayuth Chan-ocha. The proposed reforms would raise revenue by increasing taxes primarily on the wealthy. Thailand’s Ministry of Finance (MOF) has said Chan-ocha wants the…
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