The Private Trust Bill was proposed to promote wealthy Thai families to maintain their prosperity in the country. This benefit will also be extended to any foreign private wealth or family office interested in diversifying their investment portfolio into Thailand.
Thailand has introduced a new promotion: the International Business Center. We have summarized below the allowed activities and requirements those who plan to apply for this promotions should be aware of and the incentives they are entitled to receive.
Cannabis is now legal in Thailand, but under which restrictions? We have summarized below some of the considerations that those who are planning to invest in the production, distribution, and possession of cannabis in Thailand for study and medical purposes should be aware of.
The Labor Protection Act (LPA) was amended to become more favorable for employees. We have summarized here the major current changes covered and those soon to come into force, which will impact more or less the business projection.
The directors of a private limited company are considered the lawful representatives of the company and, in performing their role, they are bounded by the same directors’ duties and liabilities, regardless of their nationality. We have summarized here their key duties.
Starting with 1st of July 2018, the foreign workers and their employers in Thailand that are not complying with their work authorization regulations are subject to softer penalties. We have summarized here which are these penalties.