Planning for an International Estate: Why You Should Consider Multiple Wills for Assets in Different Countries 

Planning for an International Estate: Why You Should Consider Multiple Wills for Assets in Different Countries 

ByAndreas Seela

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…

Thai Military Conscription

Thai Military Conscription

ByFabian Doppler

Thailand’s Military Conscription: Key Requirements, Exemptions, and Penalties for Thai Male This overview examines the legal framework governing military service obligations and Thai citizenship in Thailand. It references the Thai Constitution, the Military Service Act, and other relevant regulations to outline the rights, responsibilities, and exemptions applicable to Thai nationals. Understanding these laws is crucial…

FLT - TIN

Do I Need a Tax ID in Thailand? Here’s What to Know 

ByFabian Doppler

Understanding the importance of a Tax Identification Number (TIN) for foreigners in Thailand, including requirements, exemptions, and legal implications. Foreigners who are required to pay taxes in Thailand must obtain a Tax Identification Number (TIN) to comply with local tax regulations. This obligation applies to both individuals and legal entities earning income in Thailand through…

Thailand Specifies Form of Reservation Contract for Sale of Condo Units

Thailand Specifies Form of Reservation Contract for Sale of Condo Units

ByAndreas Seela

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…

Thailand to Tighten Regulations on Foreign E-Commerce Operators

Thailand to Tighten Regulations on Foreign E-Commerce Operators

ByAndreas Seela

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),…

FLT - Real Estate Litigation

How FRANK Legal & Tax Can Support You in Real Estate Litigation 

ByFabian Doppler

Comprehensive Legal Support for Real Estate Disputes: From Strategic Advice to In-Court Representation At FRANK Legal & Tax, we are committed to providing a full range of legal services to our clients in Thailand. This article offers insight into how we can assist with real estate disputes and litigation, a key area of our expertise. …

Thailand’s BOI Launches “Matching Fund” to Boost High-Tech Startups 

Thailand’s BOI Launches “Matching Fund” to Boost High-Tech Startups 

ByAndreas Seela

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…

Applying for Thai Citizenship: Key Considerations and Legal Guidance 

Applying for Thai Citizenship: Key Considerations and Legal Guidance 

ByFabian Doppler

Thai Citizenship Made Clear: Key Steps and Legal Requirements for a Successful Application Applying for Thai citizenship involves meeting a set of stringent criteria designed to ensure applicants’ good integration into Thai society.   The Nationality Act BE 2551 (2008) mainly governs Thai citizenship and provides three main routes to acquire it:   The following will focus…

Thailand Introduces Investment Incentives for Hybrid Vehicle Manufacturers

Thailand Introduces Investment Incentives for Hybrid Vehicle Manufacturers

ByAndreas Seela

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…

Foreign Business License in Thailand (FBL) 2024

Foreign Business License in Thailand (FBL) 2024

ByFabian Doppler

Thailand’s position as a gateway to Southeast Asia and its growing economy make it an attractive destination for foreign investment. As the region’s second-largest economy, Thailand offers numerous opportunities for businesses looking to expand their presence in Asia. However, entering the Thai market involves navigating a complex legal landscape designed to protect domestic industries while…

New Regulations for Increasing the Capital of a Private LLC

New Regulations for Increasing the Capital of a Private LLC

ByFabian Doppler

Order No. 1/2567 Provides New Compliance Rules for Companies with Over 5 Million THB Capital The Central Partnership and Company Registration Office has recently issued a pivotal directive: Order No. 1/2567. This new order, which supersedes the previous Order No. 1/2566, introduces significant changes to the regulatory framework for the establishment, capital increase, and mergers…

How to Register a Company in Thailand

How to Register a Company in Thailand

ByFabian Doppler

Starting a business in Thailand can be a complex process, but with the right guidance, it can be smooth and efficient. At FRANK LEGAL & TAX, we offer comprehensive support to ensure your company registration in Thailand is handled professionally and quickly. Why Choose Thailand for Your Business? Strategic Location Thailand’s strategic location in Southeast…

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