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.
Late Submission of the List of Shareholders
According to the Civil and Commercial Code, the directors of a Company have a duty to submit an updated list of Shareholders to the registrar at least once a year, by submitting it not later than 14 days after the date of the Annual General Meeting of Shareholders (‘AGM’).
Payment of Share Capital
What is the Procedure for Calling the Additional Payment of Share Capital? Under Thai Corporate Law, at the time of incorporating a private company limited, the first payment of share capital called by the Board of Directors must not be less than twenty-five percent of the par value of the registered share capital.
New Ministerial Regulation for Service Businesses
The Ministry of Commerce has defined the non-restricted service businesses that a foreigner can operate without obtaining a foreign business license.
Severance Pay for Fixed Period Employees
Under the Thai Labour Protection Act, when employment is terminated by dismissal without gross misconduct (as prescribed in the Labour Protection Act B.E. 2541, Section 119), the employer shall be liable for statutory severance pay to the employee. But what statutory rights does an employee working under a fixed period contract have?
Changing a Company’s Registered Address
A company planning to change its registered address needs to ensure that it allows sufficient time to notify the relevant Thai government authorities.