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.
Notification regarding software development, digital platform, and digital content companies
The Board of Investment (BOI) recently issued Notification No. Sor. 2/2567 (“the Notification”), which amends Notification No. Por. 9/2565, in order for a digital and software development company to be able to begin conducting business quickly. The Notification is effective from 15 March 2024 onwards.
Annual Shareholders’ Meeting Services
Mazars is pleased to offer our services for annual shareholders' meetings and electronic meetings. Let us ’help you guide your company to success.
Use of e-signatures in Thailand
The Electronic Transactions Act defines an electronic signature or e-signature as any letters, characters, numbers, sounds, or symbols in an electronic format attached to an electronic data message. The purpose of an e-signature is to establish a relationship between the signatory and the data message, thereby identifying the signatory and indicating their approval of the information contained in the data message.
The legal impact of work rules or policy on an employer’s obligations to pay a bonus
Although employers in Thailand are not required to give bonuses to employees, bonuses are a strategic tool for employers to manage their employees. A company’s work rules or policies on annual bonuses may include things such as conditions for being eligible to receive bonuses, the timing of bonuses, and the employer determining bonus amounts at its discretion. Even if the employer makes employees aware that they are eligible to receive a certain amount as a bonus, actually receiving the bonus remains contingent upon employees meeting the conditions set out by the employer.
BOI measures to increase competitiveness in the automotive industry
The Board of Investment (“BOI”) recently took measures to encourage investment in industries deemed crucial to national development. On 12 December 2023, the BOI issued Announcement No. 2/2566 outlining investment incentives aimed at increasing competitiveness in the automotive industry. These measures support manufacturers in adopting automation and robotics to improve efficiency in production.