Reading Time: 7 minutesLiving in the heart of a populated city or its periphery, close to important transport links, is a trend we are seeing more and more of in the major cites of Asia. Property developers in Thailand are responding with developments along these lines. The limited space around the city centre, rising land prices, and the […]
What marketers and business owners should know about the Thailand’s Personal Data Protection Act (PDPA)?
Reading Time: 5 minutesThailand has adopted the principals of the EU General Data Protection Regulation (“GDPR”). The Personal Data Protection Act (“PDPA”) legislation was approved and published in the Royal Gazette on May 27, 2019. A one-year grace period has been given, while the committee and office are being formed, so there is only a short time to […]
Same Sex Couples and Their Rights According to the Proposed Thai Civil Partnership Bill
Reading Time: 4 minutesWhat are the rights the Proposed Thai Civil Partnership Bill grants to Same Sex Couples in Thailand? At the end of 2018, a long-awaited LGBT civil union bill was approved by the Cabinet and is currently pending legislation by the National Legislative Assembly. The Bill is known as the Life Partnership Registration Act (LPRA). According […]
Government Involvement in Thailand’s Human Resource Development
Reading Time: 4 minutesWhat are the HR incentives granted by the BOI to investors who contribute to human resource development? The Thai government is active in pursuing industrial and technology development in the eastern seaboard region under the umbrella of the Eastern Economic Corridor (EEC). The promoted territory initially comprises three provinces, namely Chachoengsao, Chonburi, and Rayong. Economic […]
THAILAND: How the Private Trust Bill functions in terms of foreign private wealth for establishing a trust in Thailand?
Reading Time: 4 minutesTrust arrangements used to be totally prohibited in Thailand, but were opened for the capital market investment and fundraising in 2007 by the legislation of The Trust for Transactions in Capital Market Act. Soon after enactment, the Real Estate Investment Trust (“REIT”) became available from various financial institutions for the purposes of fundraising and investment […]
Cannabis is now legal in Thailand for medical use and research
Reading Time: 5 minutesWhat do investors need to know about it? The latest amendment to the Narcotics Act, effective as of 18 February 2019, allows only the distribution and possession of cannabis for study and medical purposes and in limited quantities. The use or possession of cannabis for purposes other than the ones mentioned above is still prohibited […]
Regional News Alert: Extra Severance Pay and More Benefits for Employees in Thailand in Early 2019
Reading Time: 5 minutesChanges to Thailand’s Labor Protection Act – What do you need to know? On 13 December 2018, the draft amendment to the Labor Protection Act (LPA) was approved by the National Legislative Assembly and is expected to come into force soon. The legislation was changed to become more favorable for employees throughout 2018 and is […]
Becoming a Director in Thailand?
Reading Time: 4 minutesDirectors’ duties and liabilities: fundamental requirements to keep a director safe from legal exposures The directors of a private limited company are considered the lawful representatives of the company and they act for and on behalf of the company. In performing their role, the directors, regardless of their nationality, are bounded by the same directors’ […]
Thailand: A Promising Location for Investment
Reading Time: 3 minutesEven against the background of significant changes of the political landscape in Thailand over the past years, as well as the shortage of skilled workers, the country is still regarded amongst one of the best destinations in ASEAN for foreign investment. Thailand is the second largest, highly diversified economy in ASEAN after Indonesia and the […]
Reduction of Government Fees for Corporate Registration in Thailand
Reading Time: 2 minutesIn order to promote and facilitate the Thailand’s ease of doing business as well as to improve Thailand’s ranking in the next evaluation of the World Bank, including to boost the country’s competitiveness and to increase the opportunity of Thailand to become an effective investment hub in Southeast Asia, the Ministry of Commerce has recently […]