Electronic Media And Corporate Governance – Thailand’s First Small Steps

One of the difficulties facing foreign investors in Thailand has been the requirement that shareholders (or their proxies) and directors be physically present at meetings for purposes of passing resolutions.  Circular resolutions, whereby the directors or shareholders pass a resolution …

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The Investment Promotion Act (No. 4) B.E. 2560

Originally, the Investment Promotion Act B.E. 2520 (A.D. 1977) (“the Investment Promotion Act”) was enacted because the economic situation in Thailand was affected by a world economic crisis. Under the Investment Promotion Act, a board of investment (the “BOI”) was …

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What is the BOI?

Thailand’s Board of Investment (BOI) is a Thai government agency established to promote investment in a wide range of targeted business activities in Thailand. It provides investment information and services for investors, and grants various incentives and promotions for company projects …

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Securities Business Now Open To Foreign Participation

Thailand’sForeign Business Act (FBA) generally restricts foreign owned businesses from engaging in any “service business” without first obtaining a foreign business license or qualifying under another exemption (more information on the restrictions on foreign owned businesses under the FBA can be …

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Treatment of Unrestricted Activities under the Foreign Business Act

Foreign investors in Thailand normally become familiar with the restrictions imposed by the three annexes under Thailand's Foreign Business Act B.E. 2542 (FBA) early in their planning process. The annexes list approximately 50 types of businesses (or "restricted activities") where …

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Doing Business in Thailand – A Few Pointers

The PowerPoint presentation that PriceSanond partner, Douglas Mancill, used at a 4 December 2012 presentation to the American Chamber of Commerce in Singapore on a few pointers for persons either doing business in Thailand or considering setting up operations in …

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Amity Treaty between Thailand and the U.S.

Thailand’s Foreign Business Act [FBA]…provides that “alien companies”…are not allowed to engage in a wide range of business activities…There is a significant exception however to the restrictions imposed by the FBA under the [Amity Treaty between Thailand and the U.S.] …

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Doing Business in Thailand: 12 Things to Keep in Mind

This one page article listing 12 “pointers” for doing business in Thailand was published in AMCHAM’s magazine, T-AB, Volume 6/2011 (late 2011), and was authored by PriceSanond partner and AMCHAM Legal Committee Chair, Douglas Mancill. Read the PDF Click here …

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New BOI Incentives Following the Floods

On 25 October 2011, the Thai cabinet approved the following BOI tax incentives in an attempt to restore the confidence of foreigner investors after the flooding crisis.   1. General Measures for Business Operators Affected by the Flood The following …

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New Bank of Thailand Reporting Requirements

The Bank of Thailand (BOT) announced that as of 26 March 2011 all businesses in Thailand with import or export operations, overseas investments or liabilities, or investments from overseas investors at or above a specified threshold are required to submit …

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Investment Restrictions Generally

Although foreign investments are encouraged by the Thai government, foreign equity restrictions and Thai participation requirements exist for many businesses. Foreign investment is controlled by a range of legislation, cabinet policies, trade association regulations, laws and other controls. Criminal penalties …

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