Social Enterprises
A social enterprise (SE) is a hybrid company with specified social goals as its primary objective, challenging the traditional model of charities and businesses.
Changing a Last Will with a Codicil
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…
DBD Certification: Verification System and Trustmarks
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…
Thailand to Offer 10-Year Visas Targeting Wealthy Foreigners
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…
Types of Hotel License in Thailand
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…
Setting up a Regional Office (RO) in Thailand
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)….
Guide to the Latest Thailand Elite Visa Packages in 2021
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…
Purchase Price Provisions in M&A Transactions
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…
Is It Secure to Use E-Signatures for Commercial Transactions in Thailand?
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…
Latest Legal Updates to Thailand 4.0
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…
Proposed Amendments To Thai Real Estate Law
Thai business media have reported that sources in the Thai government leaked information stating that laws and regulations on land ownership for foreigners could be set to change, so foreigners would have the option to buy and own a detached house, including the land on which the house is built,
Trademark Registration under the Madrid Protocol
Trademarks are used to identify and protect a particular product or service. Companies often invest a significant amount of money in introducing and establishing a trademark. To protect this investment, based on our experience, it is essential to grant exclusive use to the investor. In general, there are two different ways to protect a trademark…
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