BOI

Is BOI promotion an option for your business in Thailand?

To encourage foreign investment into Thailand, the Board of Investment (BOI) offers a range of incentives for foreign businesses that qualify. Activities and projects that meet investment, structural, and operational criteria receive such benefits as corporate tax holidays, import duty exemptions, land ownership and work permit waivers for foreign employees to name a few.

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foreign business entities

Foreign Business Entities in Thailand: A Comparison

A business in Thailand is classified as a foreign entity if more than 50% of its share or partner capital is foreign owned. And while many people believe their only option is to form a “local” company with a majority Thai ownership to avoid perceived or actual business restrictions, a foreigner can in fact own and operate any kind of business except those specifically restricted.

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licenses

Doing Business in Thailand: Licenses Required

Much has been written about foreign business licenses and certificates that are required to conduct business in Thailand as a majority foreign held limited partnership or company. That aside, once you have established your business, whether as a Thai or foreign entity, there is a chance that you will be required to obtain additional business licenses to legally operate in Thailand.

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usufruct superficies

Real Estate in Thailand: Superficies and Usufructs

A major point of contention for many foreigners wishing to take up a more permanent residence or invest in Thailand are the real estate laws here.   While foreigners can own free-hold condominiums in Thailand, it is very difficult for most non-Thai nationals to own land outright, with the one exception requiring a considerable investment.  As a possible alternative, some look to executing usufructs or superficies.

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Class Action Lawsuits in Thailand

Class action lawsuits are coming into the fore in Thailand as more groups of plaintiffs take advantage of the amended Civil Procedure Code.

Although many people may see class action lawsuits as nuisances or money grabs, especially in the litigious United States, there are legitimate benefits to allowing people who suffered similar damages to group together to sue for relief from the courts.

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new lease regulations

Thai Landlords Must Comply with New Lease Regulations by May 1

Starting 1 May 2018, landlords in Thailand with five or more residences to lease must comply with new lease regulations (link in Thai) announced on 18 February 2018 under the newly amended Consumer Protection Act. While these new lease regulations do not apply to dormitories and hotels, they do cover residential leases, such as for condominiums, apartments, and houses.

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