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Bank of Thailand relaxes rules on Foreign Exchange Transactions

As the Thai Baht is under pressure due to imbalanced capital flows, thus unusually strong in comparison to foreign currencies, the Ministry of Finance (MOF) and the Bank of Thailand (BOT) decided to loosen rules to facilitate capital outflows. MOF and BOT expect these measures will lessen pressure on the Thai Baht. These regulations are…

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Exemptions from the Foreign Business Act

With the ministerial regulation by the Ministry of Commerce of June 25th, 2019, the following services provided by foreign-owned companies, to affiliated companies, are excluded from the obligation to obtain a Foreign Business License according to Schedule Three (21) of the Foreign Business Act. Lending money to affiliated companies in Thailand; Renting out office space…

Employment Management

Work Permit Extension under the Emergency Decree on Foreign Employment Management B.E. 2560

On the 10th of May 2018, the Department of Employment (DoE) has published a letter to address the scope of the Work Permit under the Emergency Decree on Foreign Employee Management B.E. 2561 (the “Decree 2018”). It especially elucidated the question of whether a foreigner who has been granted a Work Permit once is able…

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