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 […]
Thailand Privilege Visa
The Thailand Privilege Visa, formerly known as the Thailand Elite Visa, is a long-term residency program designed for affluent foreigners who wish to reside in Thailand with exclusive benefits. This visa is managed by Thailand Privilege Card Co., Ltd., a subsidiary of the Tourism Authority of Thailand (TAT), and offers 5-year, 10-year, and 15-year residency […]
Representative Office in Thailand
A Representative Office (RO) in Thailand is a type of foreign business entity that allows companies to establish a local presence without engaging in direct revenue-generating activities. It serves as a liaison office for the parent company, conducting market research, promoting products, and facilitating business operations. This guide explores the requirements, benefits, restrictions, setup process, […]
Benefits of a Prenuptial Agreement in Thailand
A prenuptial agreement (often referred to as a “prenup”) is a legal contract entered into by two individuals before marriage. It outlines the division of assets and liabilities in the event of divorce, separation, or death. While prenuptial agreements are not mandatory in Thailand, they are becoming increasingly popular among couples who want to protect […]
Steps in Title Transfer in Thailand
Property ownership in Thailand is an essential aspect of real estate investment, whether for residential, commercial, or investment purposes. The title transfer process is a crucial legal step that ensures a smooth and secure property transaction. Understanding the steps involved in the title transfer process can help buyers and sellers navigate the procedure effectively. Below […]
Benefits of Contract Review in Thailand
In any business or personal transaction, contracts are essential to outlining the terms and conditions of an agreement between parties. However, contracts are often complex, filled with legal jargon, and may contain hidden clauses that could significantly affect the rights and obligations of the parties involved. In Thailand, just like in any other country, the […]
Important of Due Diligence in Thailand
Due diligence is a critical process for individuals and businesses seeking to invest, establish operations, or enter into contracts in Thailand. Given the country’s unique regulatory environment, cultural factors, and business landscape, due diligence ensures that potential risks are mitigated and informed decisions are made. Whether it involves real estate transactions, corporate acquisitions, business partnerships, […]