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…
Exploring Long-Term Stay Options in Thailand: Insights from the GTCC Workshop On 20 November 2024, Mr. Andreas Seela, Associate at FRANK Legal & Tax, served as a featured speaker at the GTCC SME Focus Group workshop held at the Courtyard by Marriott Bangkok Sukhumvit 20. The event brought together 20 SME members for an in-depth…
Mandating registered offices for foreign e-commerce operators and implementing new regulations aim to promote fair competition and enhance market integrity. Thailand is set to implement new regulations requiring foreign e-commerce operators to establish registered offices within the country under the forthcoming digital platform service law. This move, announced by the Electronic Transactions Development Agency (ETDA),…
A New Fund Launches to Propel High-Tech Startups in Thailand Toward a Future of Innovation Thailand’s Board of Investment (BOI) has introduced a new initiative aimed at fostering high-growth startups within targeted industries. The “Matching Fund” is set to provide financial support of up to 50 million baht per startup, reinforcing Thailand’s commitment to advancing…
Thailand Launches New Incentives to Attract Hybrid Vehicle Manufacturers Thailand is currently hosting global carmakers like Toyota and Honda, now introducing new investment incentives for manufacturers of hybrid vehicles. Announced by the Board of Investment (BOI) on Friday, these measures include lowering excise taxes for hybrids from 2028 to 2032, aiming to enhance Thailand’s competitiveness…
Thailand’s Ministry of Commerce has recently introduced significant changes to its e-commerce regulatory framework through the issuance of the Notification Re: Business Regulations that Commercial Operators Must Register and Businesses that are Not Subject to the Commercial Registration Act B.E. 2567, effective from June 5, 2024. The somewhat controversial update is supposed to facilitate a…
The new DTV Visa allows remote workers and participants in cultural activities to stay in Thailand for up to 180 days per entry, with a 5-year validity. As of July 15, 2024, the Thai government has officially launched the Destination Thailand Visa (DTV), aimed at individuals seeking to combine work and travel (“workcation”) in Thailand….
Setting up an e-commerce business in Thailand involves several regulatory steps, with obtaining an e-commerce license being a crucial part of the process. This guide provides a detailed overview of the application process and the necessary documents to ensure a smooth and compliant setup. Once you have determined that your business requires an e-commerce license,…
Unlocking the Potential of E-Commerce in Thailand: A Guide to Legal Requirements E-commerce, the practice of selling products and services over the Internet, has become a cornerstone of modern business. This model includes various types of transactions, such as Business-to-Business (B2B), Business-to-Consumer (B2C), and Business-to-Government (B2G). E-commerce is particularly attractive for those seeking to minimize…
Thailand is set to rejuvenate its tourism sector and stimulate economic growth with a comprehensive set of new visa measures introduced by the Thai cabinet. These amendments aim to make the country more accessible and attractive to various groups, thereby bolstering its economy. Here’s a detailed look at the new initiatives: New Visa Category A…
New 10-year visa aims to attract top talent and foster growth in targeted industries within Thailand’s Eastern Economic Corridor In order to enhance Thailand’s economic landscape, the cabinet has approved a special 10-year visa tailored for executives and experts working within the Eastern Economic Corridor (EEC). As we have discussed earlier, the initiative aims to attract specialists in targeted…
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