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.
Retirement visa (Long stay visa)
This type of visa can be issued to applicants aged 50 and over who wish to stay in Thailand for no more than 1 year without working. This visa cannot be used to apply for a work permit, and holders of this visa are prohibited from working in Thailand.
BOI incentives amended
The BOI recently updated two policies: producing animal fee and promoting Thailand as an aerospace cluster.
Thailand the “Medical Hub of Asia”
The BOI has set out a strategic policy to promote Thailand as the “Medical Hub of Asia”. The BOI supports the increased demand in the healthcare market, which may lead to greater opportunities in medical services, as well as the manufacture of pharmaceuticals and medical devices, that will contribute to Thailand being in a strong position to serve as the medical hub of Asia.
Amendment to the Factory Act
On 5 July 2016, the cabinet approved an amendment to the Factory Act of 1992 which does the following: (i) provides a procedure for obtaining a factory licence; (ii) amends the definition of a factory; and (iii) sets the requirements for factory insurance.
Change of BOI approval for expatriate positions
From 1 June 2016, the rules for filing documents for approval of an expatriate employee’s work permit have changed for companies that receive Board of Investment incentives.