Thailand’s Board of Investment (BOI) announced the merging of its list of promoted digital activities into a single new category for software development, digital services platforms, or digital content (5.10) to support software development platform, digital services, digital content, and development of Thailand personnel in information technology. Promotion terms and conditions According to the BOI…
This article will compare the legal and tax implications of a share deal with those of an asset deal. It will discuss the relevant taxes and transaction costs that will be incurred for an asset deal compared to a share deal from a Thai tax perspective.
A social enterprise (SE) is a hybrid company with specified social goals as its primary objective, challenging the traditional model of charities and businesses.
A codicil, or addendum, is a legal document that changes certain provisions of a will but leaves all other provisions unchanged. You can change, update or even revoke your will completely at any time as long as you are mentally competent. In this article we will look at some scenarios based on our experience of…
In this article we discuss the different types of verification marks of the Department of Business Development (“DBD”). It will look at the requirements for each verification mark and the purpose of the verification system based on our experience. In line with current economic trends, e-commerce has become an important part of our lives, yet…
The Cabinet of Thailand has recently planned significant changes regarding immigration policy and rules on foreign land ownership. The Cabinet plans to offer a 10-year visa to attract ‘wealthy foreigners’ to move to Thailand by approving a selection of economic and investment policies designed to attract high-potential foreigners to relocate to Thailand. The first target…
In this article we look at the hotel license requirements and licenses available in Thailand under the Hotel Act B.E. 2547 and the application procedures based on our experience. Under the Hotel Act B.E. 2547 (“the Act”), “hotel” is defined as lodging premises established for commercial purposes to provide temporary accommodation to a traveler or…
Under the Thai Foreign Business Act (“FBA”), A.D. 1999, foreigners who engage in certain business sectors, including any service business, require a Foreign Business License (“FBL”) to operate legally. However, under the new Ministerial Regulation of the Ministry of Commerce, a Regional Office is not considered a restricted business under the Foreign Business Act (FBA)….
The Thailand Elite Visa is a long-term Thai visa provided to Thailand Privilege Card members offering benefits and residency in Thailand for a set period of time, often with the option to renew the visa. The program is managed by the Thailand Privilege Card Company Limited, under the Ministry of Tourism and Sport. The Thailand…
One of the most important areas of regulation in the acquisition of a company is the purchase price provisions. This is an extremely complex issue in which various aspects have to be considered. In addition, the opposing perspectives of buyer and seller have to be reconciled. In this respect, various basic models and approaches have…
In this article we discuss the topic of e-signatures and electronic transactions in Thailand based on our experience. For reasons which we will cover in our article, it is often best to seek legal advice before using e-signatures in the Kingdom. Electronic signature has been recognized by law in Thailand since 2001, with the Electronic…
While Thailand slides deeper and deeper into economic crisis, the government’s national development plan “Thailand 4.0”, which was already launched in 2016, remains one of strategies for recovery and progress. Thailand 4.0 was implemented to enhance the worldwide competitiveness of Thailand’s business environment and drive the digitalization of its government to provide its citizens and…
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