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.
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.
Changes to the Social Security Act
The Social Security Act requires employers with one or more employees to register for and contribute to the Social Security Fund.
Retirement visa (Long stay visa)
This type of visa can be issued to applicants aged 50 and over who wish to stay in Thailand for no more than 1 year without working. This visa cannot be used to apply for a work permit, and holders of this visa are prohibited from working in Thailand.
BOI incentives amended
The BOI recently updated two policies: producing animal fee and promoting Thailand as an aerospace cluster.
Thailand the “Medical Hub of Asia”
The BOI has set out a strategic policy to promote Thailand as the “Medical Hub of Asia”. The BOI supports the increased demand in the healthcare market, which may lead to greater opportunities in medical services, as well as the manufacture of pharmaceuticals and medical devices, that will contribute to Thailand being in a strong position to serve as the medical hub of Asia.