Residential properties which are rented out as daily accommodations for tourists are under intense scrutiny these days in Thailand, in particular with regards to the requirement to obtain a hotel license. The main reason is clearly the high increase of rentals through online portals such as Airbnb. This is Part I of a blog contribution…
The Thai Board of Investment (BOI) has introduced its new policy for incentives for qualified investment projects. Under the new policy, following tax and non-tax incentives may be granted to successful applicants: Exemption of corporate income tax for up to 15 years Exemption of import duties: on machinery raw or essential materials imported for use…
FRANK Legal & Tax’s first MeetUp on Establishing a Company in Thailand was held successfully on February 10th, 2017 at the company office in Athenee Tower, Bangkok. We plan for the forum to take place once a month, covering a range of subjects related to corporations in Thailand. The next event “Company Formation In Thailand” will take place on March 9th…
FRANK Legal & Tax advises and represents a foreign company in legal matters related to establishing fun parks in Bangkok, with a total investment value of approximately 200 Million THB. Our services include the incorporation of a group of companies, license applications and other related matters. Find out more about our corporate and commercial services
FRANK Legal & Tax is pleased to announce that we have started a “MeetUp” group. The Group aims to to create a forum for entrepreneurs and business start-ups where information can be obtained and ideas can be exchanged. To see our profile and join, visit: https://www.meetup.com/Establishing-a-Company-in-Thailand/ Our MeetUp events are planned to take place on a regular…
Whether you have business opportunities overseas or are taking care of family members back home, one of the big worries is exchange rates. Even small changes in the dollar’s value can cost you a significant amount, although things could also go in your favor by opening Multi-Currency Account. Multi-Currency Account or Foreign Currency Account is…
Starting from 1 January 2017, the daily minimum wage in Thailand will increase by 1.7% to 3.3% (amount depending on province) in most provinces of Thailand. This increase has been approved by Central Wage Committee on 19 October 2016. ML Puntrik Smiti, Labour Ministry permanent secretary, stated that eight provinces will maintain a minimum salary…
What are the definitions of “termination” and “lay-off”? Termination of employment is an employee’s departure from a job. Termination may be voluntary on the employee’s part, or it may be at the hands of the employer, often in the form of dismissal (firing) or a layoff. Dismissal or firing is generally thought to be the…
What are the definitions of “termination” and “dismissal”? Termination of employment is an employee’s departure from a job. Termination may be voluntary on the employee’s part, or it may be at the hands of the employer, often in the form of dismissal (firing) or a layoff. Dismissal or firing is generally thought to…
Unlicensed hotel in Phuket were given a deadline to do the required registrations before 31st January 2017 by Chokchai Dejamornthan, Phuket Governor. If they do not comply, owners may have to confront legal action. Mr. Chokchai also said that according to Provincial Administration’s information there are only 424 licensed hotels in Phuket while an estimation…
On 7th of June 2016, the new Land and Building Tax Act (the “Act”) was formally enacted. The Act will likely become effective in early 2019 and will be replace the existing and old Land and House Tax Act B.E. 2475 (1932) and the Local Development Tax B.E. 2508 (1965). The new law will introduce…
It should be noted that a restaurant business often entails the requirement of other licenses, such as a liquor license. Before a restaurant, store or bar can serve liquor in Thailand, it must obtain a liquor license from the Excise Department under Section 17 of Liquor Act B.E. 2493 (1950). A liquor license is…
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