Tilleke & Gibbins authors have provided the latest update to the Thailand Q&A section of Doing Business in… , a Q&A-style guide published by Thomson Reuters Practical Law that presents an overview of recent legal developments affecting doing business in 59 jurisdictions worldwide. The Thailand chapter of the guide was written by attorneys from Tilleke & Gibbins and presents an overview of Thailand’s legal system and key laws applicable to foreign companies doing business in the country. The chapter specifically covers the following main topics:
- Legal system: Thailand’s court system and codified legal system.
- Foreign investment: Lists of reserved business activities, restrictions on doing business with certain jurisdictions, exchange controls and currency regulations, and grants and incentives available to investors.
- Business vehicles: Ordinary partnerships, registered ordinary partnerships, limited partnerships, private limited companies, and public companies.
- Employment: Laws, employment contract requirements, work permits, and termination and redundancy.
- Tax: Taxes on employment, tax and nontax resident employees and businesses, corporate income tax, value added tax, special business tax, municipal tax, stamp duty, dividends, interest, intellectual property royalties.
- Competition: Important aspects of Thailand’s regulatory regime surrounding competition, centered around the updated Trade Competition Act.
- Intellectual property: Patents, trademarks, registered and unregistered designs, and copyright.
- Advertising: Thailand’s Consumer Protection Act and role of the Consumer Protection Board and Food and Drug Administration.
- Data protection: An outline of Thailand’s Personal Data Protection Act.
- Product liability: Procedures and regulations for product liability and product safety, including the Unsafe Goods Liability Act and the Consumer Case Procedure Act.
To browse, download, or print the Thailand chapter, please visit the Practical Law website.