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…
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…
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…
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….
End of content
End of content
