Legal Section - Doing Business

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

Guidelines on the conditions for applying for BOI investment incentives for developing software, a digital platform, or content

The Board of Investment (“BOI”) recently issued Notification No. Por. 12/2566 (“the Notification”) pursuant to Notification Nos. Sor. 4/2564 and 9/2565 to establish clear guidelines for applying for investment incentives for digital and software businesses. The Notification became effective on 3 October 2023.

Governance of Digital Platforms

Over the past few years, the number of digital platform service providers has increased rapidly, and the Thai government is seeking to monitor those platforms to prevent possible damage to the public.

Foreign businesses providing loans to affiliates and subsidiaries

Under the Foreign Business Act, foreign businesses are generally restricted from providing loans unless they have first obtained a foreign business license (“FBL”).

Additional BOI conditions for majority foreign-owned entities to own land

Referring to the BOI’s Announcement No. 6/2022 dated 8 August 2022 regarding conditions for majority foreign-owned legal entities to own land for setting up an office and residential premises, the BOI issued additional conditions on 23 June 2023 under Announcement No. Por. 10/2566. The key additional conditions are as follows:

Recent Department of Business Development rulings on aspects of the Foreign Business Act

Whether the provision of staff benefits by a foreign company is a restricted business under the Foreign Business Act (”FBA”)

Legal Section - Doing Business

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