The main tax legislation applicable to FDI in Thailand is the Revenue Code (“RC”), which covers the following taxes:- (1) Corporate Income Tax (“CIT”) CIT applies to businesses and legal entities registered in Thailand or registered abroad but operating a business in Thailand. Except for SMEs, companies registered in Thailand pay CIT based on both… Read More
Employment and Labour Protection The Civil and Commercial Code (“CCC”) and the Labour Protection Act B.E. 2541 (1998) (“LPA”) are the major employment and labor protection laws. The CCC defines employment as a hire of work (hire of services) and provides the general requirements for duties and liabilities of employers and employees. The LPA sets… Read More
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
On 25th November 2021, Naddaporn Suwanvajukkasikij and Usa Ua-areetham our partners spoke as exclusive guest speakers at the 22nd Legal Forum Seminar Pattaya organized by the KTCC (Korean-Thai Chamber of Commerce) at Dusit Thani Hotel, Pattaya. The topics presented by the team were on HR and Data Privacy Compliance Issues and Practices. The attendees were… 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
On 25th October 2021, the Cabinet approved in principle the draft of the Royal Decree on Supervision of Digital Platform Services Required to be Notified (“DPRD”) to be enacted under the Electronic Transactions Act B.E. 2544 (A.D. 2001) to provide protection to consumers and digital platform users, enhance the credibility of digital platforms, and maintain… Read More