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.
90 Days Reporting Available Online
From 1 April 2015, foreigners are able to submit the 90 days residence reporting with the Immigration Bureau online.
Certain Activities No Longer Considered as “Work”
Following the launch of the IHQ and ITC scheme to promote Thailand as a center of trade and investment in this region, the Department of Employment (‘DoE’) has announced certain activities to be no longer considered as “work”.
Board of Investment: Merit Based Activities
“Merit Based Incentives” are privileges that the Board of Investment (‘BOI’) will consider granting for investors to encourage enhanced competitiveness. Merit based incentives include extended tax holidays (although no longer than 8 years in total), additional corporate income tax exemptions and additional deductions on certain expenditure.
Increased Red Tape for Visa Extension
Starting 19 January 2015, expatriate employees applying for a visa extension at the One Stop Service Center (‘OSSC’) must submit corporate documents that are certified by the relevant government agency.
Evidence to Prove the Payment of Share Capital
The Department of Business Development announced new regulations effective from 5 January 2015 that require a limited partnership and/or company to submit additional documentation when setting up or increasing its registered capital with the paid-up capital / share payment at Baht 5m or more.