In times of economic uncertainty and growing loss of confidence in fiat currencies, cryptocurrencies like Bitcoin or Ethereum are among the most discussed alternatives to established currencies. This article intends to provide a brief overview of legal regulations and tax implications of cryptocurrencies in Thailand. General Situation with regards to cryptocurrencies in Thailand: According to…
In the line with our ongoing strategy to extend our connection with Thailand’s business community. It is our great pleasure to announce that FRANK Legal & Tax is now a member of the SwissThai Chamber of Commerce (STCC). The SwissThai Chamber of Commerce (STCC) was founded on 13th October 1998 by a group of visionary…
Dissolution is the process of de-registering a company from the company registry at the Department of Business Development (“DBD”). When considering the life cycle of a business operation, the voluntary dissolution by the shareholders appears to be the usual way to end the company’s operations. There are several circumstances that will lead companies to the…
Liquidation is the process of extracting a company’s assets and using the liquidated assets to pay off any remaining debts. A dissolved company is required to conduct a formal liquidation process according to the Thai Civil and Commercial Code (“CCC”). For a bankrupt company, the liquidation shall be done in accordance with the provisions of…
Bankruptcy is a legal proceeding involving a person or business that is unable to repay their outstanding debts, while reorganization is a process where a company establishes and implements a plan to organize its debts, capital, fundraising as well as management and exploitation of the company’s property. The proceedings for both of these procedures are…
After an extensive legislative process, the National Legislative Assembly (NLA) has recently passed the new Land and Building Act (the “Act) comprising 94 Sections and introducing a new system on property taxation. With its announcement in the Royal Gazette, the Act will replace the old and outdated Land and House Tax Act B.E. 2475 (1932)….
The Treaty of Amity and Economic Relations Between the Kingdom of Thailand and the United States of America (US-Thai Amity Treaty) is a treaty that was signed on 29 May 1966 in Bangkok. It has expired and due to World Trade Organization (WTO) restrictions was not renewed, however Thai authorities still apply it, nonetheless. The…
In addition to offering legal and tax services, FRANK Legal & Tax also provides immigration services. Our immigration department recently facilitated the issuance of business visas and certificates of entry for a group of 12 foreign (Brazilian) engineers to come and provide services to their customers located in Thailand. The procurement of such visas can…
It is our great pleasure to announce that FRANK Legal & Tax has been selected as a member of the Nextlaw Referral Network. The Nextlaw Referral Network is a cutting-edge technology platform that brings together hundreds of the world’s best law firms to provide clients with the right lawyer, in any geography, in any practice,…
*** Invitation Only *** FRANK LEGAL & TAX is pleased to announce that our upcoming event, themed “BOI Promotion for Tech Startups”, will be held on 22nd October 2020 at 6.00 pm at The Great Room, Gaysorn Tower. To restart activities after the COVID-19 restrictions, our company would like to provide an opportunity to explore…
Visa amnesty for foreigners in Thailand, which has been extended since April of 2020, was further extended to September 26th, 2020. This extension was described as “final” by the Cabinet and another extension seems highly unlikely. The visa amnesty, which was originally due to expire on July 31st was further extended until September 26th, 2020, allows foreigners to stay in Thailand without having to extend visas…
On June 23rd, 2020, the Thai Cabinet approved a Draft Act which will amend the Civil and Commercial Code, with regards to the establishment of limited companies. The Act aims to make it easier for individuals to set up limited companies and facilitate the establishment of new businesses, SMEs, and start-up enterprises to stimulate the…
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