The Government of Thailand approves and regulates FDI through several government authorities in charge under different applicable laws. The three major authorities are discussed below. (1) Ministry of Commerce (“MOC”) The MOC regulates and approves FDI of foreigners (defined under the Foreign Business Act B.E. 2542 (A.D. 1999) (“FBA”) as a foreign individual, a foreign… Read More
Foreign investors can set up legal entities and business units in Thailand to do foreign direct investments in Thailand. Private Limited Company Foreign investors can register a private limited liability company with the Ministry of Commerce (MOC). The company must have at least three promoters, three shareholders and one authorized director. The promoters must be… Read More
The laws of Thailand on the Board of Investment Promotion (“BOI”) and the Eastern Economic Corridor (“EEC”) encourage local and foreign investors to invest in Thailand. They provide tax and non-tax incentives in promoted projects. The article gives an overview of the major incentives and the application procedures under the BOI and EEC laws. Board… Read More
It has been almost three years since the Emergency Decree on Digital Asset Business Operation B.E. 2561 of Thailand (“DA Law”) came into force on 14th May 2018. Since then several implementation rules have been issued by the Ministry of Finance (“MOF”), the Securities and Exchange Commission Thailand (“SEC”) and the SEC Office. This article… Read More
On 28th August 2020, the Ministry of Commerce of Myanmar (“MOC”) issued Order No. 63/2020 to announce the Soft Opening Period (“SOP”) starting from 1st October 2020 for owners of registered trademarks to refile their trademarks under the Myanmar Trademark Law 2019 (“MTL2019”). As of 31st December 2020, around 26,000 registered marks have been refiled. They were refiled via… Read More
On 28th October 2020, the Ministry of Commerce issued its Newsletter No. 18/2020 on the amendment of the trade service fees for online licensing through Tradenet 2.0, which came into force on 1st November 2020. In order to enable online licensing and related activities, Myanmar Tradenet 2.0 is in place to support the national single… Read More
