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

By virtue of Section 27 of the Investment Promotion Act of B.E. 2520 (A.D. 1977) on 8th August 2022 the Board of Investment (“BOI”) issued its Announcement No. 6/2565 Re: Criteria for Granting Land Ownership to BOI-Promoted Foreign Juristic Persons for Office and Residential Use. To be eligible to the holding of land ownership under... 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