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.
New method of calculating interest on the hire-purchase of car or motorcycle
The Committee on Contracts of the Office of the Consumer Protection Board recently issued a new notification regarding hire-purchase contracts for cars or motorcycles, effective on 10 January 2023.
Overtime work
Overtime work is where an employer occasionally would like an employee to continue working after normal work hours or to work more hours than normal on workdays or holidays, which an employee can agree to do. The employer must order the employee to work overtime in accordance with an agreement to do so which has been made in advance. The length of time to be worked overtime must be clearly defined.
Visa exemptions and visas on arrival extended
The Centre for Covid-19 Situation Administration recently approved a measure extending the visas of foreigners entering Thailand from 1 October 2022 to 31 March 2023 in order to boost tourism, improve the economy, and reduce the impact of the pandemic.
BOI incentives for majority foreign-owned entities to own land
The BOI recently announced conditions for majority foreign-owned legal entities which have paid-up capital of at least THB 50 million to own land.
Bill to repeal the Act on Offences Arising from the Use of Cheques, 1991
Although cheques are still used in business, their use has decreased, as the use of technology, such as internet banking and mobile banking, has increased. Therefore, the Ministry of Justice recently submitted a bill to repeal the Act on Offences Arising from the Use of Cheques, 1991 (“the Act”). The Cabinet approved the bill for consideration on 21 June 2022.