Under the Foreign Business Act (FBA), the business activities of foreigners in Thailand are restricted. Fortunately, there are various possibilities to obtain official permissions and programs to enhance international business in Thailand.
Holding a permit for permanent residency in Thailand has many benefits. A person with a permanent resident status can live permanently in Thailand without the need for a periodic stay extension. The permanent residence permit is the first step to become a naturalized citizen of Thailand. It entitles the non-Thai family members of the permanent resident to apply for such status as well.
A court in Hua Hin, Prachuap Kirikan Province, has decided that Airbnb is illegal in Thailand, and thereby added to the uncertainty connected with the use of this very popular app.
Airbnb is a US-American company founded in 2008. It operates in the hospitality field and offers an online marketplace for individuals to rent or lease out their accommodation on a short-term basis.
The former process of business registration was considered as complex and unclear. The new regulation enhances the system and brings benefits to the applicant. It helps to save costs and strengthen the competitiveness. The additional possibility of e-Registration provides savings up to 30%, it saves time and is an easy method to register the new business.
Effective since May 25th the new law on Data Protection “GDPR” improves consumer rights. But whom does it affect, what are the effects and how to comply with the new regulation?
GDPR was already approved in April 2016 by the EU Parliament after an extended period of preparation. It replaces the Data Protection Directive 95/46/EC and includes heavy fines for those, who do not comply with the new data protection standards.
We are looking for an Accountant to support the business in the effective contribution towards the monthly, quarterly and annual accounts, ensuring that accurate records are maintained. This is an opportunity to join a forward-thinking law firm and to work as part of a small and dynamic team.
FRANK Legal & Tax will be holding another of our regular free events, designed to support the business community in Bangkok.
The upcoming event will provide an opportunity to explore the Board of Investment (BOI) promotion related to the tech industry in Thailand. We will be starting with a big-picture view of foreign business licensing in Thailand. This will be followed by insights into the various BOI categories that are relevant to IT, software development and tech business. In addition, Partner Fabian Doppler will briefly discuss the legal process for start-ups in Thailand.
The wages council agreed to set a new minimum wage, which came into effect from April 1, 2018. The wage adjustment in 2018 is divided into 7 levels as follows;
Mr. Chakkarin, Permanent Secretary of Ministry of Labour, also made three additional proposals as follows;
In Q4 2017, the Bangkok condominium market grew steadily, particularly in the downtown area of the city. The number of new properties launched in 2017 overall also grew year on year by, with a 51% increase compared to 2016. Bangkok’s condominium market is likely to continue to grow in the future, given the many new mass transit lines and pipelines under construction (for example the MRT Pink Line, MRT Yellow Line and MRT Orange Line).