Thailand has introduced the long-term resident visa (“LTR Visa”) to stimulate economic growth post the COVID-19 pandemic. The LTR Visa is offered to four categories of foreign nationals (“Eligible Foreigners”) who are wealthy global citizens (“WGC”), wealthy pensioners (“WP”), work-from-Thailand professionals (“WTP”), and highly-skilled professionals (“HSP”). Spouses and children (“Dependents”) of the LTR Visa holders… Read More
On 2nd July 2022 and 14th July 2022, the Ministry of Commerce (“MOC”) released the Letter No. Ka Ba Ya (Ma Sha) Pa Ka 2022-2023 (0199) and the Letter No. Ka Tha Ra (Mar Ta) Management/2022-2023 (0515) to prescribe the requirements for issuance of export license for export of rice, pulses, corn, various types of… Read More
On 13th July 2022, the Central Bank of Myanmar (“CBM”) issued the Letter No. FE-1/739 to cancel the exemption of the compulsory foreign currency conversion for companies registered with the Directorate of Investment and Company Administration (DICA) with 10% or more of foreign ownership (“Foreign Companies”). The CBM also issued the Letter No. FE-1/754 on… Read More
On 29th June 2022, the Central Bank of Myanmar (“CBM”) issued the Letter No. FE-1/643 for exemption of the foreign currency conversion requirements under the CBM Notification No. 12/2022 to exclude the following entities from the foreign currency conversion requirement: Representative Office of Woori Bank; Special Economic Zone Management Committees and their subordinated companies, such… Read More
Effective from 9th June 2022, Thailand has removed marijuana from the narcotics list (except for extracts that contain over 0.2% of tetrahydrocannabinol (THC) by weight) under the narcotics law. This change has created challenges for many Thai employers who want to prevent consumption of marijuana in their workplaces. Many employers consider revising their work rules… Read More
Effective from 13th July 2022, under the Notification on Prescribing Other Businesses Related to Digital Assets as Additional Digital Asset Businesses (No. 2) B.E. 2565 dated 10th June 2022 and the Notification on License to Operate Digital Asset Business (No. 3) B.E. 2565 dated 10th June 2022 of the Ministry of Finance (MOF), the “Digital… Read More