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 BOI incentives in the medical sector
The Board of Investment (BOI) approved new incentives to boost investments in the medical sectors through BOI Announcement No. 7/2563 dated 14 May 2020.
Notification of place of residence (Form TM30)
The issue of the Royal Gazette published on 16 June 2020 set out new regulations regarding Form TM30. A landlord is still required to submit Form TM30 within 24 hours of a foreigner’s arrival.
Proposals to amend the Civil and Commercial Code
On 9 June 2020, the Thai cabinet approved a draft act amending the Civil and Commercial Code (“CCC”) regarding partnerships and limited companies.
Provisions of the Personal Data Protection Act deferred
A Royal Decree was recently issued stating that data controllers in certain entities and businesses are not yet subject to the Personal Data Protection Act, 2562 B.E. (2019) (“the PDPA”). Therefore, the enforcement of certain provisions of the PDPA is deferred to 31 May 2021.
BOI measures to enhance investments in large-scale projects
The BOI recently announced special short-term measures to enhance investments in large-scale projects to boost the Thai economy. The main measure is the ability to claim an additional 50% reduction in corporate income tax for 5 years, with the key conditions being as follows.