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.
Amendment to the Trademark Act
Under the AEC timeframe, members must accede to the Madrid Protocol by 2015. As a result, the Department of Intellectual Property has started drafting an amendment to the Trademark Act, which will become effective on 28 July 2016.
Foreign investment in the insurance business
The Office of the Insurance Commission will give foreign entities the opportunity to increase their investment in life insurance and non-life insurance businesses.
99-year state land lease scheme considered
The government is now considering a new lease scheme to make it more attractive to investors. According to the applicable law, the law allows a 30-year maximum lease period, with the possibility of renewing the lease for additional 30-year periods which it is unattractive to major investors.
New rules on incorporation for SME entrepreneurs
The Department of Business Development will launch a new regime that allows the incorporation of a limited company registered by one person, which will take effect this year.
Tax waived on vehicles used for testing
The Cabinet approved waiving the excise tax, VAT, and import tax on car and motorcycle models imported for research, development, and testing, to promote Thailand as an automotive hub for the region.