Archive for the ‘Doing business’ Category

Amity Company: The Thai Company without Thais

June 7th, 2011

The Foreign Business Act (1999) of Thailand (the “Act”) generally restricts foreigners from
engaging in most business activities in Thailand, without special permission as provided by
the Act. Serious violations of the Act by a foreigner or facilitated by a Thai carry significant
criminal penalties. In the case of a Thai limited company, Section 4 of the Act [...]

The US-Thai Amity Treaty

November 4th, 2010

Benefits of the US Amity Treaty
The main benefit of the US amity Treaty is to act as an override in relation to the Foreign Business Act. In a nutshell as a result of the Treaty, American nationals have the same rights as Thai national with regards to owning and operating businesses in [...]

Thai Visas: Visa B one year extension

October 1st, 2010

Extending a Non Immigrant Visa B for one year
A foreign investor conducting a business in Thailand or working for a Thai company may if all conditions and documentary requirements are fulfilled file an application and obtain a one year visa.
Condition and Documentary Requirements
A foreign investor may apply for a one year [...]

Work Permit: Working with no Work Permit | Penalties

October 1st, 2010

Working without a work permit is not something someone should take lightly as the penalties applicable are quite harsh.
Penalties applicable to the Foreign Employee
A foreign citizen who:
-          is working without a work permit or
-          doing work other than that specified into the work permit
Is punishable by a fine of 5,000 THB + 3 months of [...]