By definition, the liability of shareholders in a “limited liability company” is limited. However, in many countries case law has evolved that “pierces the corporate veil”. In this contribution, we will analyze whether the principle is upheld strictly in Thailand based on our experience, or whether there are significant exemptions. Under Thai law, there are…
As we offer various services to our clients, this series of articles intends to give you an overview of how FRANK Legal & Tax can assist you with your legal matters in Thailand. We advise and represent companies as well as employees across all areas of employment law. Our high-quality standards and our extensive specialisation…
Negotiations of business acquisitions are often complicated and drawn out. After successful contract negotiations, the parties are usually keen to complete the business purchase quickly. However, due to the complexity of such transactions, it is common practice that the actual economic transition takes place with a significant delay after the date of the signing of…
FRANK Legal & Tax and the German-Thai Chamber of Commerce are pleased to invite you to:: GTCC Executive Breakfast Talk“PDPA 2021 – What Businesses Need to Know” with Legal Experts from FRANK Legal & TaxMr. Fabian Doppler and Mr. Rangsarit Suwanarat Date: Tuesday, 27 April 2021Time: 8:30 – 10:00 hoursVenue: The Great Room, 25th Fl.,…
Due to the recent second outbreak of COVID-19 in Thailand, the Thai government then restricted some businesses from operating, which results in an increase in unemployment or reduced income for most people. As a method to ease the burden, the Ministry of Labor published a new regulation on 30 December 2020 under the Social Security…
Are you thinking about buying or selling a property in Thailand? FRANK Legal & Tax specialises in handling real estate transactions across the Kingdom of Thailand and overseas. The real estate legal services we provide include: Real estate due diligence Do you want more information about the land or property you intend to purchase in…
When buying property in Thailand, in addition to paying the price of the property, one can also expect to pay other fees, duties, and taxes in order for the transfer of ownership to be complete. In our experience, for people who are unaware of these extra costs, it can mean the difference between deciding whether…
In this article we outline the requirements, application procedure, timeline, and official fees concerning the homestay license based on our experience. General Requirements The house owners’ purpose for operating a homestay should be to gain additional income and not be their primary income source. There must also be at least three houses willing to join…
Thai law provides a means of real security and an alternative to the mortgage, the so-called Sale with Right of Redemption (Thai: “Khai Fah”). It is governed by Sections 491 ff. of the Thai Civil and Commercial Code (“CCC”), and it involves a conditional transfer of ownership that can be redeemed under certain circumstances. Recently,…
As we offer various services to our clients, this series of articles intends to give you an overview on how FRANK Legal & Tax can assist you with your legal matters in Thailand. The advice we supply to clients on insolvency matters is designed to either avert insolvency or be used prior to imminent insolvency….
In this article, we provide a high-level overview of the taxes that could apply to foreign investors in Thailand based on our research. The Thailand Revenue Code is the main body of law that codifies procedures regarding tax assessment and the collection of the various taxes in Thailand. Taxes are mostly collected under a self-assessment…
As we offer various services to our clients, this series of articles intends to give you an overview on how FRANK Legal & Tax can assist you with your legal matters in Thailand. This contribution will provide you with an overview of our litigation services. Our commercial litigation specialists aspire to be among Thailand’s finest…
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