Thailand Enforces Stricter Oversight on Foreign Crypto Platforms to Protect Investors The Securities and Exchange Commission (SEC) of Thailand has introduced stricter measures to regulate foreign digital asset platforms targeting Thai investors. This move follows the implementation of the Emergency Decree on Digital Asset Businesses (No. 2) B.E. 2568 (2025) (Digital Asset Business Law) and…
Thailand Launches Mandatory Digital Arrival Card (TDAC) for Foreign Travelers Starting May 2025 Effective May 1, 2025, Thailand will officially launch the Thailand Digital Arrival Card (TDAC), a new requirement for all foreign nationals entering the country. This initiative replaces the paper-based TM6 arrival card, in an attempt to modernize the nation’s immigration procedures. The…
Overview of Mergers and Their Importance Mergers represent a fundamental aspect of mergers and acquisitions (M&A) and have become increasingly important for corporate restructuring and growth strategies in Thailand. The process involves the combination of two or more companies into a single entity, with the aim of enhancing operational efficiency, expanding market presence, and strengthening…
(Part 2 of a 4-Part Series on M&A Deals in Thailand)Â Essential Considerations for Asset Acquisitions in Thailand Asset Acquisition Process and Key Considerations When pursuing mergers and acquisitions (M&A) in Thailand, one commonly adopted approach is the acquisition of assets from the target company. Unlike a share acquisition, which involves purchasing equity in the…
Key Legal, Tax, and Compliance Considerations for Share Acquisitions in Thailand Acquiring shares in a target company is a common and effective method for executing mergers and acquisitions (M&A) in Thailand. This approach allows an investor or acquiring company to assume control of the target company by purchasing either a majority or the entirety of…
Thailand’s Minimum Wage Adjustment in 2025: Provincial Variations and Economic Impact On December 23, 2024, Thailand’s Minimum Wage Committee announced the adjustment of the minimum wage, effective January 1, 2025. This minimum wage varies by province and now ranges between 337 and 400 Baht per day. This adjustment benefits a total of 3,760,697 workers across…
BOI Opens More Land Opportunities for Foreign Businesses The Thai Board of Investment (BOI) recently announced updated regulations regarding land ownership for foreign companies. These new rules, outlined in Notification No. 16/2567 (Criteria for Granting Permission to Foreign Juristic Person Receiving Investment Promotion to Own Land for Establishment of Offices and Residences), came into effect…
Multinational enterprises face new tax obligations in Thailand, with the introduction of a 15% minimum effective tax rate under the OECD’s global tax reform framework starting January 2025. Thailand introduces a top-up tax under the OECD framework, effective January 2025, ensuring multinational enterprises with annual turnover over EUR 750 million meet a 15% tax rate….
Turning Strategies into Success: FRANK Legal & Tax Delivers USD 3 Million Acquisition for Japanese Business in Thailand. FRANK Legal & Tax recently provided expert legal counsel in a significant merger and acquisition (M&A) transaction, marking an important step for our client, a Japanese company, as they expand operations in the region and strengthen their…
Thailand Eases LTR Visa Requirements to Attract Global Talent and Boost Investment On January 13, 2025, Thailand’s Cabinet announced Important changes to the Long-Term Resident (LTR) Visa program. These updates are designed to attract skilled professionals, global investors, and their families while fostering increased foreign investment in the country. Highlights of the LTR Visa Updates…
Streamline Cross-Border Estate Planning with Separate Wills for Each Jurisdiction For individuals with assets spread across multiple countries, estate planning can become a complex process, especially when considering how different jurisdictions handle wills and probate. If this situation applies to you or your clients, it may be beneficial to consider drafting separate wills for each…
New Regulation on Condominium Reservation Contracts in Thailand On October 3, 2024, the Contract Committee of Thailand’s Office of the Consumer Protection Board published a new regulation that prescribes the form of reservation contracts for selling condominium units. Known as the Notification Prescribing the Business of Selling Condominium Units Through Reservations as a Contract-Controlled Business…
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