GPS Legal Managing Partner Lawrence Chaney recently discussed the legal implications of Covid-19 on business with BrandNow Asia. He covers employee and employer rights regarding furloughs, sick leave, and pay cuts. He also explains how this health crisis may or may not qualify as a trigger for force majeure clauses in business contracts.
Last year, Thailand passed the Personal Data Protection Act (PDPA) to ensure data privacy in the Kingdom. The official Royal Gazette announcement was on May 27, 2019, and the law provided a year for relevant parties to ensure compliance. As there are only a few months from this article’s publication date before the law comes into full effect, we would like to remind employers and employees of their rights and responsibilities under the PDPA.
As an employer in Thailand, you should be aware that Thailand’s minimum wage increases (Link in Thai) went into effect as of January 1, 2020. What you may not be aware of is how these increases could impact your foreign employees as this relates to their work permit and visa applications. We feel that this is also a good time to go over local employee to foreign employee ratio requirements.
Foreign businesses in Thailand must comply with specific minimum capital requirements. These amounts differ depending on a multitude of variables, including the type of entity, the type of activity, the number of foreign employees, and whether the entity requires a Foreign Business License (“FBL”), a Foreign Business Certificate, or received promotion from Thailand’s Board of Investment (“BOI”).
Estate planning is an important if not essential task that everyone should be concerned about. This is especially true if you are married or have children, if you own a business or hold substantial assets that you want to protect if you pass away or are incapacitated, particularly in today’s global environment where families, residences, domiciles, and assets can be located across multiple jurisdictions.
Thailand is growing in popularity as a destination for expats to call their new home. However, many foreigners believe they must be employed with a work permit, marry a Thai, or wait until they are 50 years old to apply for a retirement visa, or otherwise risk being denied entry by immigration officials by making multiple visa runs across the border. In fact, there are other options for those with reasonable means. While not a solution for everyone, investment visas are available to those who have five, ten, twenty, or forty million baht in qualified investments in Thailand.
Foreigners who want to make a home in Thailand generally may not be able to buy land, but they can purchase a condo as long as they meet certain criteria. The requirements are not that arduous, although there is some confusion regarding the source of funds. This article will shed some light on the process and requirements for buying a condominium in Thailand.
If you plan on residing in Thailand for an extended period, becoming a permanent resident may be an option over applying for a visa or annual renewal. Once a year, the Immigration Department begins accepting permanent resident applications, usually from October to December; however, this year (2019), the application window was opened in July.
At GPS Legal, we get many inquiries about starting a business in Thailand. We often find that these entrepreneurs have received misleading or even completely erroneous information. In this article, we would like to discuss land ownership by businesses in Thailand.
At GPS Legal, we get many inquiries about starting a business in Thailand. We often find that these entrepreneurs have received misleading or even completely erroneous information. Here, we would like to address some misconceptions about the need for a Thai director and staff.