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.
Severance Pay for Fixed Period Employees
Under the Thai Labour Protection Act, when employment is terminated by dismissal without gross misconduct (as prescribed in the Labour Protection Act B.E. 2541, Section 119), the employer shall be liable for statutory severance pay to the employee. But what statutory rights does an employee working under a fixed period contract have?
Changing a Company’s Registered Address
A company planning to change its registered address needs to ensure that it allows sufficient time to notify the relevant Thai government authorities.
Changing the Accounting Period
Changing the accounting period requires approval from the Company’s shareholders, the Revenue Department and finally the Ministry of Commerce.
Employee Welfare under the Foreign Business Act
Many foreign companies (i.e. majority of shareholders are non-Thai) provide certain benefits to their employees which, if provided as a business operation would be prohibited under the Foreign Business Act unless the company had a Foreign Business License.
Evidence Required During Company Incorporation
A newly incorporated majority Thai owned (except 100 % Thai) company is required to prove the financial status of the Thai shareholders.