Set Up a Representative Office in Thailand
Setting up a Representative Office in Thailand is a low-cost and low-maintenance way to explore a new market. But it’s still important to play by the rules. Representative offices manage service businesses on behalf of a foreign parent company or affiliated companies. They’re allowed to conduct five permitted activities but cannot generate revenue or receive […]
Foreign Business Act
The Foreign Business Act B.E. 2542 (1999) (“FBA”) is Thailand’s principal statute regulating the participation of foreigners in business activities within the Kingdom. Enforced by the Department of Business Development (DBD) under the Ministry of Commerce, the FBA defines what constitutes a “foreign business” and outlines specific business categories that are either prohibited or restricted […]
Thai Business Partnerships
Thai Business partnerships are a common structure for local and foreign entrepreneurs seeking to establish ventures collaboratively. Governed by the Civil and Commercial Code, partnerships in Thailand come in three distinct forms: Ordinary Partnerships, Registered Ordinary Partnerships, and Limited Partnerships. Each type has unique characteristics, advantages, and regulatory requirements tailored to different business goals. 1. […]
Registering a Company Under the Thailand Board of Investment
Registering a company under the Thailand Board of Investment can provide foreign investors with a range of incentives. However, the benefits vary depending on criteria such as the type of business and the amount of invested capital. In addition, certain perks are exclusive to BOI-promoted companies such as full or majority foreign ownership. Our team […]
Mergers & Acquisitions in Thailand
Mergers & Acquisitions in Thailand. Thailand, a Southeast Asian powerhouse known for its tourism industry and cultural richness, also boasts a dynamic business environment. Mergers and Acquisitions (M&A) play a significant role in shaping Thailand’s corporate landscape, allowing companies to expand, consolidate, and unlock new opportunities. This article dives into the world of M&A in […]
US-Thai Treaty of Amity
Under the US-Thai Treaty of Amity, American citizens and companies maintain majority ownership of their Thailand incorporated business while receiving national company privileges. They are exempt from the restrictions imposed by the Foreign Business Act. To receive these benefits, qualifying business entities must be registered as an Amity Treaty company. GPS Legal can assist with […]
Thailand Board of Investment
Thailand Board of Investment. Known for its vibrant culture, stunning landscapes, and robust economy, has long been an attractive destination for foreign investors. To facilitate and incentivize foreign investment, Thailand established the Board of Investment (BOI) – a pivotal agency dedicated to promoting economic development and fostering a business-friendly environment. The Genesis of Thailand’s Board […]