The electronic machine tracking system (eMT) was developed by the Investor Club Association to assist companies promoted by the Board of Investment (BOI) with privileges granted under Sections 28 and 29 of the Investment Act B.E. 2520. The Investor Club Association (IC), established in 1993, is an organization that brings together Thai and foreign investors…
The purchase or sale of a property is a legal transaction with a far-reaching legal and financial impact. To secure a prospective purchase or sale of property legally, both the buyer and the seller may enter into a so-called Memorandum of Understanding (MoU) on the intention to conclude a main contract later. The parties of…
The Long Stay Visa Non-Immigrant O-X was approved in November 2016. It allows nationals from several countries to stay in Thailand for a period of a maximum of 10 years. The Non-Immigrant Visa O-X has a five-year validity and can be extended for another period of five years. Nationals from the following countries benefit from…
FRANK Legal & Tax will be holding another of our regular free events, designed to support the business community in Bangkok. The upcoming event will provide an opportunity to explore the topic of starting a business in Thailand. Starting a new business can be both exciting and challenging, particularly in a foreign country. By attending…
Introduction In March 2018, the Thai cabinet approved the amendments to the Royal Ordinance on the Management of Foreign Workers Employment B.E. 2560 (2017). The amendments were published on March 27, 2018, in the Royal Gazette and are known as the Royal Decree on Managing the Work of Foreigners (No. 2) B.E. 2561 (the “Decree”)….
When using a certified document from another country in Thailand, additional authentication is often required to ensure its legal recognition. Since Thailand is not a member of the 1961 Hague Convention, the apostille process does not apply. Instead, legalization is used. Below, we explain notarization, legalization, and their differences. What is Notarization? Notarization is the…
Under the Foreign Business Act (FBA), the business activities of foreigners in Thailand are restricted. Fortunately, there are various possibilities to obtain official permissions and programs to enhance international business in Thailand. Thailand, as a regional business hub and a leading center of commerce in Southeast Asia, offers a wide range of incentives, especially for…
Holding a permit for permanent residency in Thailand has many benefits. A person with a permanent resident status can live permanently in Thailand without the need for a periodic stay extension. A permanent residence permit is the first step to becoming a naturalized citizen of Thailand. It entitles the non-Thai family members of the permanent…
A court in Hua Hin, Prachuap Khiri Khan Province, has decided that Airbnb is illegal in Thailand, thereby adding to the uncertainty connected with the use of this very popular app. What is Airbnb Airbnb is a US-American company founded in 2008. It operates in the hospitality field and offers an online marketplace for individuals…
The former process of business registration was considered as complex and unclear. The new regulation enhances the system and brings benefits to the applicant. It helps to save costs and strengthen the competitiveness. The additional possibility of e-Registration provides savings up to 30%, it saves time and is an easy method to register the new…
Understanding GDPR Compliance: Who’s Affected, What’s Required, and How to Protect Your Business Effective since May 25th the new law on Data Protection “GDPR” improves consumer rights. But whom does it affect, what are the effects and how to comply with the new regulation? GDPR was already approved in April 2016 by the EU Parliament…
We are delighted to have been featured in the well-respected professional blog Thailand Starter Kit (ExpatDen), in their recommended lawyers section. The two guides, FRANK Legal & Tax, are featured to highlight how to select a first-class lawyer in both Bangkok and Phuket. The Thailand Starter Kit was created with the intention to share know-how…
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