Legal Section - Doing Business
You will find here a series of summaries providing an overview of useful legal regulations, processes and legal issues for Doing Business in Thailand.
New guidelines on unfair trade practices
The Trade Competition Commission of Thailand (“TCC”) has issued new guidelines on credit terms in agreements between small or medium-sized enterprises (“SMEs”) and other entrepreneurs, effective 16 December 2021.
New BOI-related merit-based incentives related to R&D
Based on resolutions passed by the Board of Investment (BOI) on 30 June 2021, the BOI will offer an additional unlimited tax holiday for up to 5 years for projects investing in research and development.
BOI measures for attracting investment
The Board of Investment (BOI) passed resolutions on 30 June 2021 to attract more investment in electronic and innovative industries, research and development, and human resources, as follows:
COVID-19 vaccination leave
The Labour Protection Act clearly states that an employee who is entitled to receive the COVID-19 vaccination should take business leave or sick leave.
Unrestricted business activity under the Foreign Business Act
At present, a foreign legal entity which was established under foreign law and will conduct an unrestricted business activity in Thailand under the Foreign Business Act, 2542 B.E. (1999), must submit a request to the head office of the Department of Business Development (“DBD”) for a corporate registration number on paper and notify the DBD of the place where the foreign entity will store its accounting and supporting documents.