A newly enacted law, The Act for Exemption on Penalties, Surcharges, and Criminal Offenses and Support of Operations Under the Revenue Code BE 2562 (the “Tax Amnesty 2019”) will provide a good opportunity for a small and medium-sized enterprises (SMEs) that are subject to corporate income tax (CIT), provided that they are a company or…
With tourism playing a significant role in Thailand and increasing demand to diversify tourist entertainment offerings, amusement parks are booming. When setting up such a park, even if it is part of a mall or a hotel, many different areas of Thai law need to be taken into account. The most important regulations are detailed…
Under the Thai Social Security Act, B.E. 2533 a company was required to register as an employer at the Social Security Office (SSO) within 30 days after the first employee has started to work for the company. This rule has now changed with the latest notice letter by the SSO which was sent to one…
Under the Foreign Business Act (“FBA”), foreigners are legally restricted in doing certain businesses in Thailand as prescribed in the lists Annexed to the FBA. Fortunately, there are various possibilities to obtain official permissions. And there are also government schemes available which provide for tax exemptions and tax reductions. Until now the Thai government authorities…
Litigation is usually the last resort to solve a dispute or enforce a claim. Many parties of a dispute try to avoid a litigation process because they fear the court costs or lose the process. However, sometimes litigation is the only way for a party to obtain relief. Therefore, it is good to know that…
Before its ban in 1934, cannabis was an essential part of the rural culture in Thailand. It was used as medicine, as fiber for clothing and even as a traditional spice for the Thai boat noodle soup. Under the Marijuana Act, B.E. 2477, released in 1934, the possession, usage and sale of cannabis was criminalized…
Thailand has introduced a new program to attract highly skilled experts and investors. This program shall target several industries and enhance the scientific and technological sector. SMART Visa and its privileges will help to recruit various talents, senior executives, entrepreneurs and investors for the country’s development in the fields of next-generation automotive, smart electronics, medical…
A New Battery Production Factory of Mercedes-Benz Cars in Thailand Together with their local partner, Thonburi Automotive Assembly Plant Co. Ltd. (“TAAP”), Mercedes-Benz Cars is going to invest over 100 Million Euros in the existing car plant and a new battery production factory in Thailand. The investment shall extend the existing car plant and increase…
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 topic of starting a business in Thailand. Starting a new business can be both exciting and challenging, particularly in a foreign country. By attending…
Do Foreigners Need a Thai Driving License? Foreigners who reside in Thailand and want to drive a car or motorcycle in Thailand should apply for a Thai driving license. The Thai driving license is essential since the international driving permit is not valid for driving in the country of residence. The purpose of an international…
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. Thailand, as a regional business hub and a leading center of commerce in Southeast Asia, offers a wide range of incentives, especially for…
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. A permanent residence permit is the first step to becoming a naturalized citizen of Thailand. It entitles the non-Thai family members of the permanent…
End of content
End of content
