This article gives you basic information about the advantages of BOI (Thailand Board of Investment) promotion which offers to foreigner investors the incentives to start or expand their business into Thailand. The incentives are based on chapter 3 ‘Rights and Benefits’ of the Investment Promotion Act1, where there are two main incentives, tax-based and [...]
In Thailand, cannabis is called ‘Ganja’, hemp is called 'Ganchong'. From 9th June 2022, Thai law raises the possibilities to commerce cannabis and hemp, becoming more commercial value. Ganja Law History in Brief In Thailand, the first law which set forth the rules about cannabis was the Ganja Act B.E. 2477 (1934) which prohibits [...]
Under Thai law, a company is a business association which is formed by 3 natural people or more ‘promoters'. Company has the character of a legal person, distinct from its shareholders. The management is carried out by an authorized director which is under the control of the general meeting of shareholders and company’s constitution. [...]
Where there is a breach of contract, the non-breaching party or the injured party will often seek remedies whether under the contract or the law. This article gives you a brief highlight of contract remedies under the Civil and Commercial Code of Thailand. Definition In Thai law, the contract remedies can be defined generally as [...]
The ‘Contract of Sale’ in Thailand law1 only relates to the transfer to another person the ownership of property. It differs from the ‘Contract of Sale of Goods’ to other countries which can be related to a wide variety of transactions, buying something tangible in a shop or on the internet including paying for [...]
In Thailand certain law have been enacted regulating e-Commerce and effect change in business. When doing online business. In addition to the general law such as sex toy, vape or E-cigarette are not allowed for sale, there will be certain law to be complies with, such as consumer protection, electronic transaction, automatic tax information [...]
This article introduce you basic information about Thailand Arbitration which include overview, jurisdiction, governing law, Languages and Document and arbitration representative. Arbitration is often used to resolve commercial disputes, particularly those involving international commercial transactions, that because business disputes not only needs a legal experts to deliver a judgment or decision in the case [...]
Phuket is a magnet for tourism, very many attractions, the tourism industry in Phuket are always hot and BOI (Thailand's Board of Investment) promotion of Tourism business are always mutually beneficial to investments. This article provides addition information to BOI's website, contains all types of Tour business Phuket-based (Thailand-based) which applicable for BOI promotion. [...]
This article provides you with essential information about Mortgage which is one type of collateral or security for debt repayment, whether it is a land, a house, a condominium, a factory, a warehouse or other buildings. On one hand, it is a stable guarantee because the creditor is still entitled to be paid although [...]
From the 1st January 2022, Thai financial institutions will be required to collect and share financial account and tax information with the Thai Revenue Department in order to comply with the automatic exchange of information (AEOI) requirements set by the Convention on Mutual Administrative Assistance in Tax Matters (MAAC). In 03rd June 2020 in [...]