To support Thailand’s transition towards a clean economy and development of an electric vehicles (“EV”) manufacturing hub, the Board of Investment (“BOI”) offers incentives for investment projects for the manufacturing of battery electric vehicles (“BEV”) and BEV platforms in Thailand (Category 3.8). The key incentives and conditions are summarized below. Key conditions 1. The investment… Read More
Winding up of a private limited company in Thailand takes longer time than registering it. The Civil and Commercial Code (“CCC”) of Thailand is the main legislation that sets out the requirements and procedures for winding up of the company as summarized below. The Articles of Associations of the company and the Shareholders Agreement (if… Read More
On 21st February 2024, the Ministry of Commerce tabled for public hearings: (1) the draft Royal Decree on Amendment to the Types of Businesses in the List Annexed to the Foreign Business Act B.E. 2542 and (2) the draft Ministerial Regulation on Prescription of Businesses Which Do Not Require a Foreign Business License (“Draft MR”)… Read More
On 12th December 2023, the Personal Data Protection Committee (PDPC) issued the Notification on Criteria for Protecting Personal Data Sent or Transferred Abroad under Section 29 of the Personal Data Protection Act B.E. 2562. This notification was published in the Royal Gazette on 25th December 2023 and it will become effective on and from 24th… Read More
On 12th December 2023, the Personal Data Protection Committee (PDPC) issued the Notification on Criteria for Protecting Personal Data Sent or Transferred Abroad under Section 28 of the Personal Data Protection Act B.E. 2562. This notification was published in the Royal Gazette on 25th December 2023 and it will become effective on and from 24th… Read More
On 27th December 2023, the Revenue Department of Thailand (RD) issued the Notification of the Director-General of the Revenue Department re: Requiring Electronic Platforms to Prepare Special Accounts to set up requirements for providers of social media / e-commerce platforms to submit data of their revenues received from their users / business operators who sell… Read More