Legal

You will find here a series of summaries providing an overview of useful legal regulations, processes and legal issues for Doing Business in Thailand.

AGM and Filing Financial Statements

A limited company must hold an Annual General Meeting (“AGM”) within four months of the fiscal year-end in order to consider and approve the audited financial statements and other matters, as required by law (such as the rotation of directors), and as stipulated in the Articles of Association (“AoA”) of the company.

Increase in machinery registration fee

The Ministry of Industry has raised the fees for registering machinery by an estimated 20 per cent to reflect the present economy and production costs, including the machinery inspector’s licence fee.

Minimum wage increases

The minimum wage will increase by 5 to 10 baht across most provinces of Thailand on 1 January 2017. The minimum wage of 300 baht a day will remain unchanged in the following 8 provinces: Nakhon Si Thammarat, Trang, Ranong, Chumphon, Sing Buri, Narathiwat, Pattani, and Yala.

Meetings held through electronic media

On 23 September 2016, the Department of Business Development (DBD) of the Ministry of Commerce issued an announcement regarding National Council for Peace and Order Notification No. 74/2557 (2014) on meetings held through electronic media.

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