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…
Exploring Tax Deductions in Thailand for 2567: Insights for Maximizing Savings and Aligning with Updated Regulations Introduction Tax season is fast approaching, and with it comes the opportunity to lower your taxable income through strategic planning. For the year 2567 (2024), Thailand’s government has introduced updates and incentives designed to ease financial burdens, promote investments,…
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…
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…
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…
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…
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),…
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. …
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…
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 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 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…
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