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.
Temporary visa extensions
The immigration department has issued a memo to immigration officials stating that they can grant 60-day visa extensions to foreigners who cannot leave the country.
Extending the scope of business of a TISO and IBC
On 16 September 2021, the BOI issued Announcement No. Sor 3/2564 on extending the scope of business of a Trade and Investment Support Office (“TISO”) and International Business Centre (“IBC”) to provide loans to affiliated companies as an activity outside the scope of a treasury centre, as follows:
Guidelines on DBD permission not to hold an AGM
The Department of Business Development (“the DBD”) has issued new guidelines on allowing a legal entity, such as a limited company, a public limited company, association, or chamber of commerce, not to hold a shareholders’ meeting during the period from 26 April to 30 April 2021, due to an error that occurred when accessing the DBD’s e-registration site to provide the reason for not holding the meeting during the fixed period or due to the DBD e-registration site failing to save such information that was provided.
New law on digital platforms providing services
On 25 October 2021, the Cabinet approved a draft Royal Decree on digital platforms providing services. The new law will apply to digital platforms used by customers in Thailand, regardless of whether the digital platform is operated in Thailand or abroad.
Notification of foreigners for BOI incentives
As published in the Government Gazette on 23 September 2021, a company receiving BOI incentives must submit a notification of employing foreigners under Section 64/2 of Thai work permit act (Forms Bor Tor 55 and Bor Tor 56) when applying for a digital work permit at the provincial department of employment or the One Stop Service Centre in Bangkok.