Thailand Business & Thailand Property Info Blog
February 5 2010 Categories: Thailand Business No comments yet
This is my second post on the subject of Minimum Capital Requirement. I will discuss this time the minimum capital requirement for foreign BOI promoted companies. For Non BOI companies please refer to my previous post Doing Business in Thailand: Minimal Capital Requirements dated of 21 January 2010. Read more…
February 1 2010 Categories: Doing Business In Thailand, Thailand Business No comments yet
I have made a lot of posts about starting a business in Thailand but I never discussed the issues that need to be addressed when buying a business. In this post I will first address some general issues to consider before buying a business in Thailand
Originally posted 2009-09-08 09:45:55.
February 1 2010 Categories: Doing Business In Thailand, Thailand Business No comments yet
Never underestimates the locals, Thai businessmen are competitive and good especially at running service businesses. Read more…
Originally posted 2009-07-24 05:05:40.
February 1 2010 Categories: Doing Business In Thailand, Thailand Business No comments yet
They are more than a few Tom, Dick and Harry that come to do business in Thailand armed with a “colonial” false sense of superiority. This is a mistake, even if Thailand did not yet achieve European, Japanese or US standards in all matters do not be mistaken about it. Thailand is a developed country. At least economically, politically that is a story for another day.
Originally posted 2009-11-03 08:15:01.
February 1 2010 Categories: Doing Business In Thailand, Thailand Business No comments yet
Years after its neighbors (Cambodia has issued 3G licenses years ago) Thailand is finally about to start the 3G auction process .
Originally posted 2009-09-29 04:11:28.
February 1 2010 Categories: Doing Business In Thailand, Thailand Business No comments yet
Yes they are well protected by the Labor Protection Act (1998) that applies to all businesses with at least one employee and which provide sanctions for employers who disregard the law.
The Labor Protection Act has been recently amended and the new amended act has been enforced in 28 May 2008. The new Act contains provision to protect indirect or outsourced workers and to empower the Courts to order an amendment of employment contracts, work rules, regulations or orders that are not fair.
Originally posted 2009-08-06 03:09:51.
February 1 2010 Categories: Doing Business In Thailand, Thailand Company Registration No comments yet
Preference Shares are opposed to ordinary shares. In Thailand, ordinary shares like in most countries entitle their holders to a share of ownership of the company including a voting right (1 vote per share) and a right to the company dividend or the company benefit of liquidation.
Originally posted 2009-11-24 03:04:41.
February 1 2010 Categories: Doing Business In Thailand, Thailand Business No comments yet
Our American cousins have what they call the American Dream” “first expressed by James Truslow Adams in 1931, citizens of every rank feel that they can achieve a “better, richer, and happier life” (Source Wikipedia) meaning that anyone has a chance to become one day another Bill Gate. In Thailand we have another dream, far more modest; it is called the “Bar Owner” dream or the Bar Owner illusion to be more accurate.
Originally posted 2009-11-06 05:07:54.
February 1 2010 Categories: Thailand Business No comments yet
The Pattaya Mail reported today that, according to sources from several police divisions a serious crackdown on Bar Businesses would begin next month that would target GoGo bars, Beer Bars, Gay Bars and any other bars which are charging bar fines to the customers to let their employees leave work early. Now according to the Pattaya Mail, the police “suspects that many of these rendezvous are sexually related”.
Originally posted 2010-01-22 14:27:04.
February 1 2010 Categories: Thailand Business, Thailand Company Registration one comment
The private limited company is the legal vehicle that is the most commonly used by foreign investors in Thailand and we will hereinafter review the formalities of registration of a private limited company. In this article we will only review the conditions of incorporation of a Private Limited Company to the exclusion of nominees and Thai/foreign shareholders ratio which are discussed in other posts. [This post replace our previous post on the subject “How to register a company step by step”.
Originally posted 2009-10-20 07:09:45.
February 1 2010 Categories: Doing Business In Thailand, Thailand Business, Thailand Company Registration No comments yet
This is the third of a series of posts about Thai private limited company corporate documents translated in English.
The articles of associations of your company are another important corporate document of your company. As a matter of fact the decision on the content of the company articles of associations is actually taken during the statutory meeting.
Originally posted 2009-09-07 10:22:26.
February 1 2010 Categories: Doing Business In Thailand, Thailand Business, Thailand Company Registration 3 comments
There is a lot of confusion as to minimal capital requirements when doing business in Thailand and I will try to clarify this issue in this post.
Originally posted 2009-09-28 05:31:43.
February 1 2010 Categories: Thailand Business No comments yet
Are employees in Thailand well protected by the law and is it easy to terminate an employee with or without cause?
Originally posted 2009-11-21 07:04:25.
February 1 2010 Categories: Thailand BOI, Thailand Business 2 comments
The Board of Investment or BOI is an agency set-up by the government to provide investment incentives to foreign or local investors that invest in promoted or priorities activities.
The two main objectives of the BOI are to decentralize Thailand Industrial’s base and to attract special types of investment (priority activities). Read more…
Originally posted 2009-07-21 12:51:10.
February 1 2010 Categories: Thailand BOI, Thailand Business No comments yet
Reminder: As you already know the Board of Investment is the agency in charge of promoting certain sectors of Thai economy. As such the BOI role is among other to determine:
What are the activities which are eligible for promotion
What are the conditions attached to said promotion
What are the privileges attached to said business activity
Originally posted 2009-08-05 14:46:31.
February 1 2010 Categories: Thailand Business, Thailand Company Registration No comments yet
In a previous post I explained step by step the formalities to incorporate a Thai Limited Company. Many readers have contacted me to request whether I could also post the english translation of Thai Limited Company documents for information. Today and the next few days I will post the translations of the main corporate documents of a Thai Private Limited company. Please note that this is an unofficial translation only.
Originally posted 2009-09-03 14:40:40.
February 1 2010 Categories: Doing Business In Thailand, Thailand Business, Thailand Foreign Business Act No comments yet
This morning in the Bangkok Post was an interesting article about the tightening of insurance shareholding rules by Sorachon Boonsong a Thai lawyer. In substance, Khun Sorachon comment on a ruling from the Council of State dated of 14 September 2009 in relation to the new shareholding requirements of the amended Life and Non Life Assurance Act.
Originally posted 2009-09-23 04:15:46.
February 1 2010 Categories: Thailand Business, Thailand Company Registration No comments yet
The first option available to a foreign investor who wants to start a business in Thailand is to register a non-trading legal vehicle (for example Representative Office). Hereinafter we will discuss the characteristics on Non-Trading Legal Vehicles the most common of which is the Representative Office. [this post is an updated version that replace one of my first posts]
Originally posted 2009-10-15 00:09:26.
February 1 2010 Categories: Thailand Business, Understanding Thailand No comments yet
Not really because Thai people are honest. There are always exceptions of course but as a foreigner coming to do business in Thailand you have to be more wary of citizens from your own country than from Thais.
Originally posted 2009-07-24 04:10:21.
February 1 2010 Categories: Thailand Business, Understanding Thailand No comments yet
If I had to qualify the Thai legal system, I would say that Thailand is a country ruled by Civil Law with a touch of Common Law. Civil law is one of the predominant system of law in the world. The other being common law, which is the legal system developed among Anglo-Saxons people.
The main difference between the two systems is that civil law is laid down from abstract rules and judges must apply those rules to the various cases before them. Read more…
Originally posted 2009-07-23 05:17:20.
February 1 2010 Categories: Doing Business In Thailand, Thailand Business No comments yet
In today and tomorrow post I will comment on the Global Corruption Barometer 2009 just published by the World Bank. Overall, 70 countries were surveyed, 12 of which are Asian countries (Brunei, Cambodia, Hong Kong, India, Indonesia, Japan, Malaysia, Pakistan, Philippines, Singapore, South Korea).
Originally posted 2009-09-30 04:55:13.
February 1 2010 Categories: Thailand Business, Thailand Foreign Business Act No comments yet
In this post I will discuss how the concept of “foreigner” is defined by the Thai Foreign Business Act (formerly “Alien Business Act”) as well as the changes that the Thai Government wanted to bring to this definition in December 2007. While the attempt to change the definition of the FBA definition of the term of foreigner ultimately failed the fact is that it was the second such attempt since the enforcement of the FBA and that Foreign Investor coming to Thailand should keep in mind that said matters could resurface at any time in the future. Read more…
Originally posted 2009-07-21 12:25:37.
February 1 2010 Categories: Thailand Business No comments yet
Dear Readers, for those of you in BKK I will be given a speech on Wednesday 28 2009 at 15:15 pm at Arnoma Hotel Bangkok on “Laws and Regulations Related to Trans-national Real Estate Investment” during “The 4th CERTIFIED INTERNATIONAL PROPERTY EXPERT (CIPE)” workshop organised by the Thai Appraisal Fundation. To register please follow this link:
http://www.thaiappraisal.org/english/international/cipe.php
Yours Sincerely Rene Philippe
Originally posted 2009-10-27 04:59:56.
February 1 2010 Categories: Thailand Business, Thailand Company Registration, Thailand Foreign Business Act No comments yet
One thing I find interesting when blogging is that Google and Wordpress have tools that permit me not only to check what articles are the most successful but also the search queries of my blog readers. Now when looking at the queries I notice that there is still a lot of confusion among readers as to definition of legal concepts such as Thai or Foreign Private Limited Company and nominees. I tried hereinafter to clarify those concepts.
Originally posted 2009-10-07 04:38:15.
February 1 2010 Categories: Doing Business In Thailand, Understanding Thailand No comments yet
Yes. Thailand has low violent crime statistics compared to other countries such as France or the US. Of course, violence does exist but is not often directed at foreigners. While there are from time to time crimes against foreigners, they are still rarer than in your homeland and when foreigners do get into trouble, they, often bring it upon themselves.
Originally posted 2009-07-23 13:06:14.
February 1 2010 Categories: Thailand Business, Thailand Company Registration No comments yet
The private limited company is the legal vehicle that is the most commonly used by foreign investors in Thailand that is why we will review hereinafter the formalities of registration of a private limited company.
Originally posted 2009-07-24 11:17:21.
February 1 2010 Categories: Thailand Business one comment
One the Real Estate front the question that got everyone agitated is whether the Government will extend the privilege of discounted taxes and government fees on property transactions as the deadline for the end of this privilege (28 March 2010) is coming closer.
Originally posted 2010-01-11 03:45:58.
February 1 2010 Categories: Thailand Business, Understanding Thailand No comments yet
It is definitively a strange start of the year in Thailand. During the past week there has been very few legal or economical news worth to report which explain my silence. As to the political scene there have been no major developments yet but this did not keep many commentators and journalists to entertain themselves by calling out “Wolf!”or in this particular case commenting on a possible Coup and even worth “Civil War” in Thailand.
Originally posted 2010-01-07 08:18:32.
February 1 2010 Categories: Doing Business In Thailand, Thailand Business No comments yet
Thai journalists are so bored by this surprisingly politically “quite” beginning of the year that they have decided to entertain themselves by calling out “Coup”. And for the past week there has not been one newspaper that does not have at least one article per day on the subject of a possible coup.
Originally posted 2010-01-26 23:24:06.
February 1 2010 Categories: Doing Business In Thailand, Thailand Business No comments yet
Absolutely, many foreigners are exempted from visas requirements and as you will see foreigners are welcome to invest in nearly all sectors of activities in Thailand without needing any prior authorization providing that they do a minority investment (less that 49% of a business shares in a few cases less than 25%).
Originally posted 2009-07-24 07:41:19.
