In the context of international tax reform, Thailand has aligned itself with over 140 economic zones by becoming a member of the International Cooperation Framework on Base Erosion and Profit Shifting (OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting). This framework, commonly referred to as the Inclusive Framework on BEPS, has recently endorsed a…
BOI Thailand Make a strategic move for your business with FRANK Legal & Tax to unlock the many opportunities that BOI Thailand presents. We have experience in guiding companies through the complexities of the Board of Investment (BOI) services, ensuring you leverage its benefits to the fullest. What is the BOI Thailand? The BOI in…
Trademark registration is an important step for businesses to protect their intellectual property and establish brand identity in Thailand’s dynamic market. Thailand offers a robust legal framework for trademark protection, governed by the Trademark Act B.E. 2534 (1991) and subsequent amendments. However, navigating the trademark registration process can be complex, requiring a thorough understanding of…
In a world characterized by an ever-increasing exchange of information, non-disclosure agreements play a significant role in business life. For a collaboration between business partners, it is essential to exchange sensitive data, for example know-how, financial data, or business secrets. However, this can also be accompanied by high risk. Passing forward information to unauthorized third parties…
The Eastern Economic Corridor (EEC) Policy Committee in Thailand has greenlit an ambitious 5-year development plan for 2023-2027, aiming to accelerate growth, attract substantial investments, and position the region as a hub for high-tech industries. The EEC envisions a surge in investment over the next half-decade, with a target of 500 billion baht. The plan…
A family office is a private wealth management firm that provides comprehensive financial services to a wealthy family or a single high-net-worth individual. These services typically include investment management, estate planning, tax optimization, philanthropic advising, and more. Family offices are tailored to the specific needs and goals of the family or individual, offering personalized financial…
Properties in Thailand do not serve only as investment assets but also as residences and business premises, attracting both locals and foreigners.  While Thai law still restricts foreigners from owning certain estates in Thailand, ownership is not the sole means of leveraging property in Thailand. Thai legal framework offers various alternatives for individuals, including foreigners,…
Key Information on Revenue Department Order No. 162/2023 Additionally, to the Q & A paper on the new tax regulations published by the Thai Revenue Department, the Thai Tax Authority published the Revenue Department Order No. 162/2023 on 20. November 2023. This order states, that the following paragraph shall be added to the Revenue Department…
On 30 August 2023, the Royal Gazette issued the ministerial regulations as an announcement regarding the amendment in the definition of the hotel, which led to changes in the requirements for owners who wish to operate hotels. According to the regulation amendment, this alters the criteria for operating a hotel. A significant modification has been…
In an effort to boost building safety and elevate construction standards, Thailand has introduced a comprehensive new Ministry regulation. This updated regulation, a revision of the existing Ministry of Interior’s guidelines, places a strong emphasis on various critical aspects of construction, including load-bearing capacities, fire resistance, and the materials used in structural elements. Background and…
Thailand Elite Visa Membership Packages Set to Transform The current Thailand Elite Visa membership packages are due to be discontinued in their current form. To adapt to the global economic landscape, a new suite of offerings will be made in October 2023. This move reflects the intent to modernize and cater to a diverse client…
Discover the legal frameworks for NGOs in Thailand and gain valuable insights from our extensive experience in this educational article.
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