Regional Update: Thailand’s 2019 Power Development Plan: What to Expect

Reading Time: 3 minutesDFDL Thailand, Bangkok | Expected in early January, Thailand’s forthcoming amended Power Development Plan (PDP) will set the course for nationwide power system development and operation over the coming years. The amended document will represent the first major update to Thailand’s PDP since 2015’s version, which in turn came three years after its predecessor. Each version […]

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Thailand Legal Alert: Summary of Changes to LPA

Reading Time: 3 minutesThe National Legislative Assembly approved a resolution for the new draft Labor Protection Act (Amendment) on 14 December 2018. The amendment to the LPA is expected to be published soon and will come into effect within 30 days from the publication date in the Royal Gazette. The law is expected to take effect in March […]

Thailand Tax Alert: New Law on Transfer Pricing

Reading Time: 2 minutesOn 22 November 2018, the Thai Revenue Department (TRD) took another significant step towards tightening its transfer pricing compliance and enforcement regime with the release of “the Additional Revision of the Thai Revenue Code No.47 (TRC47)”. Over the past five years, based on the Base Erosion and Profit Shifting (“BEPS”) initiatives of the OECD, many jurisdictions […]

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Thailand Tax Update: New Tax Incentives for Angel Investors

Reading Time: 2 minutesAt the end of January 2018, the Thai government approved a Ministerial Regulation providing a tax incentive (“Tax Incentive”) to any Angel Investor investing in a start-up company that conducts a promoted business activity in an industry approved by the National Science and Technology Development Agency (“NSTDA”). More specifically, the Tax Incentive is granted to […]

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Thailand Tax Alert: The Thai Government Announces New International Business Center Incentives and the Cancellation of the IHQ Program

Reading Time: 2 minutesOn 10 October 2018, the Thai government announced the cessation of the International Headquarters (“IHQs”) program (which also included Regional Operating Headquarters or “ROHs” and International Trading Centers or “ITCs”) and the creation of a replacement initiative; International Business Centers (“IBCs”). The move is part the OECD Inclusive Framework for Base Erosion and Profit Shifting (“BEPS“). […]

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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 […]

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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 […]

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Administrative Contract under Thai Law: Procedure and remedy in an event of breach

Reading Time: 7 minutesIntroduction: Why do administrative contracts matter? In countries with a Dual Court System (e.g. France, Germany and Thailand) the type of courts are divided into: (1) the court which has the competent jurisdiction over disputes arising out of private matters and (2) the court which has the competent jurisdiction over disputes arising out of public […]

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ควรปรึกษาทนายเพิ่มอีกดีไหม (Second opinion for legal advice – should you get one?)

Reading Time: 1 minutesสมมุติว่าคุณเพิ่งไปขอคำปรึกษาด้านกฎหมายจากเพื่อนหรือคนในครอบครัวที่เผอิญเป็นทนาย หรือคุณอาจจะไปจ้างทนายมาเพื่อขอคำแนะนำเกี่ยวกับเรื่องบางอย่าง และตอนนี้อีกฝ่ายก็ตอบกลับมาเรียบร้อย คุณได้รู้ข้อมูลเท่าที่คุณจำเป็นต้องรู้แล้ว และคุณก็ทราบดีแล้วด้วยว่าหลังจากนี้คุณมีทางเลือกอะไรที่สามารถทำได้บ้าง แล้วทีนี้คุณยังควรจะต้องหาความคิดเห็นที่สองเพิ่มอีกหรือเปล่า? Ok! You’ve just gotten some legal advice from a lawyer. They might be a friend or family member who is a lawyer, or a lawyer that you have engaged and paid to give you legal advice. You are now equipped with your options and information to make your decision […]

วิธีเตรียมตัวสำหรับการรับคำปรึกษากฎหมายครั้งแรกทางโทรศัพท์ (How to prepare for a first time legal consultation by phone)

Reading Time: 1 minutesการเริ่มนัดทนายเพื่อปรึกษาปัญหากฎหมายเป็นก้าวแรกที่สำคัญมาก แต่ก็เป็นเพียงก้าวแรกเท่านั้น เพราะคุณยังเหลือขั้นตอนอีกมากที่คุณต้องเตรียมพร้อมก่อนพูดคุยกับทนายของคุณ คุณอาจไม่รู้หรือไม่มั่นใจว่าต้องทำอะไรบ้าง ซึ่งก็ไม่ใช่เรื่องแปลกเลย คนส่วนใหญ่เองก็ไม่เคยมีประสบการณ์ต้องนัดปรึกษากฎหมายแบบนี้และก็ไม่รู้ขั้นตอนเหล่านี้เหมือนกัน แต่ไม่ต้องเป็นห่วงไปเพราะบทความนี้จะช่วยแนะนำขั้นตอนเตรียมตัวให้คุณเอง ก่อนอื่นคุณต้องลำดับความคิดและประเด็นที่คุณอยากปรึกษากับทนายให้เรียบร้อยก่อนเริ่มโทรหาคุณทนาย ถ้ามีเอกสารสำคัญใดๆที่ทนายของคุณควรจะรู้หรืออาจจะต้องการคุณก็อย่าลืมเตรียมมันไว้ให้เรียบร้อยก่อนด้วย Have you finally made an appointment to consult with a lawyer about that looming legal matter? Good for you. Many people don’t have much experience with legal professionals and are unsure how to prepare for that important first consultation. There are a few things you need […]

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Capital Requirements for Setting Up a Company in Thailand

Reading Time: 3 minutesThe amount of capital needed to set up a company in Thailand seems like a straightforward question that would beget a straightforward answer. However, that’s not the case. The assets needed to open a company in Thailand are fairly straightforward for Thai nationals but become more complicated once foreigners start getting involved. The issue of capital […]