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

Work permit for a branch or representative office

Under Ministerial Regulation No. 3, “Service Businesses Which Do Not Require a Foreign Business Licence”, a representative office can now provide services without having to apply for a foreign business licence for its manager. In addition, the Labour Department at the One Stop Service Centre will not accept applications for a Thai work permit for the manager of a representative office or branch office.

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DBD e-Filing Deadline Extended

Under the Accounting Act, 2543 B.E. (2010), the financial statements of a company established under Thai law, and a legal entity established under foreign law, must be prepared and filed with the Department of Business Development (“DBD”) within one month of the day that the general meeting approves the financial statements or within five months of the day that the accounts are closed, as the case may be.

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Trade Competition Commission Notifications on Mergers

The Trade Competition Act, 2560 B.E. (2017), imposes certain measures to regulate mergers in Thailand, which are divided into the following two categories.

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International Business Centre replaces IHQ and ITC

The Board of Investment (BOI) has cancelled investment incentives for International Headquarters (IHQ) and International Trading Centres (ITC), and is no longer accepting applications for IHQ and ITC. IHQs and ITCs that are already receiving incentives will continue to do so until those incentives expire.

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Amendment of the Labour Protection Act

A draft amendment of the Labour Protection Act, 2541 B.E. (1998 A.D.) (“the Draft”), was approved by the National Legislative Assembly on 13 December 2018. After the Draft is approved by His Majesty the King, it will be published in the Royal Gazette and become effective 30 days later.

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