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.
Visas for Expiring Passports
In the past, if your passport expired within one year, you would be granted the permission to stay in Thailand until the passport expiry date.
Maternity and Paternity Leave
Under the Labour Protection Act (“Act”), employees are legally entitled to leave with pay for various different types of leave.
Foreign Business License – Principle Approval
Generally, a Thai majority owned Company (“Thai Company”) can operate any business activities in Thailand. Therefore, if a Thai Company wishes to change its shareholding structure to be a foreign majority owned Company (“Foreign Company”) by either transferring shares or increasing the Company’s registered capital, the restructured company is at risk that it might not be able to operate its current business for the following reasons:
How to Pay a Dividend?
A dividend can be declared and allocated to all shareholders proportionally from the amount paid of each share.
Opening a Company Bank Account?
After a limited company (“Company”) is established, the Board of Directors of the Company may pass a resolution to open the Company’s bank account and prepare the minutes of the meeting to support the application for opening the bank account with its desired bank.