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.
Changes to employee leave and severance pay
On 15 August 2017, the Council of Ministers accepted in principle a draft amendment of the Labour Protection Act proposed by the Ministry of Labour.
BOI approval of positions for visa and work permit
In June 2017, the Foreign Expert Services Division of BOI set out rules for approving a position for a company receiving Board of Investment (BOI) incentives. The notification states that the position approved by the BOI will be eliminated once the company cancels the position in the BOI’s system. The company must then apply to have the position approved again for a new expat to fill that position.
Smart Visa
The Cabinet has approved a new policy for a ‘smart visa’. The policy was discussed at a meeting of the Committee for Strategic National Administration on 17 August 2017.
Electronic card readers for all companies
On 22 December 2016, the Council of Ministers passed a resolution on regulating e-payment in Thailand called the National E-payment Master Plan. In this regard, the Department of Business Development (DBD) issued Order No. 3 on Accounting and Accountant Responsibility, 2560 B.E., on 4 April 2017.
New Trade Competition Act
On 7 July 2017, the National Legislative Assembly published the Trade Competition Act, 2560 B.E. (2017) (“the TCA”) in the Royal Gazette, for the purpose of efficient enforcement of the law. The TCA will become effective in October 2017.