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.
BOI incentives for majority foreign-owned entities to own land
The BOI recently announced conditions for majority foreign-owned legal entities which have paid-up capital of at least THB 50 million to own land.
Bill to repeal the Act on Offences Arising from the Use of Cheques, 1991
Although cheques are still used in business, their use has decreased, as the use of technology, such as internet banking and mobile banking, has increased. Therefore, the Ministry of Justice recently submitted a bill to repeal the Act on Offences Arising from the Use of Cheques, 1991 (“the Act”). The Cabinet approved the bill for consideration on 21 June 2022.
Small enterprises exempt from preparing certain records of processing activities as set out in the Personal Data Protection Act
On 10 June 2022, the personal data Committee issued a notification stating that data controllers of small enterprises are exempt from preparing certain records of processing activities as set out in Section 39, paragraph 1 (1)-(6) and (8) of the Personal Data Protection Act (“PDPA”).
New non-tax-related incentives for legal entities that are majority foreign-owned
The BOI has approved a new measure to attract foreign investment in Thailand. The new measure will allow a legal entity that is majority foreign-owned and which has paid-up capital of at least THB 50 million to own land for setting up an office and providing residential premises for executives and foreign experts.
New criteria for providing corporate income tax incentives to international distribution centres
The Board of Investment (“BOI”) has set out new criteria for providing corporate income tax incentives to an international distribution centre (“IDC”).