PriceSanond Insight Sharing: New Developments on Thai Corporate Shareholding Structures and Legal Risks of Nominee Arrangements

Background Foreign investors have various Thai entity structures to consider as vehicles for foreign direct investment in Thailand.  However, they must conduct their business operations in compliance with the laws of the Kingdom of Thailand, particularly the Foreign Business Act …

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Law Update – New Personal Data Protection Regulation – Data Protection Officer (DPO)

In Thailand the Personal Data Protection Act (the “PDPA”) has been in effect since 1 June 2022 and several subsequent clarifying notifications have since been issued by the Personal Data Protection Committee (“PDP Committee”) regarding preparation, maintenance, and security of …

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Thailand Privilege Card Program by Thailand Elite

Since 2003, Thailand Elite, an organization supported by the Thai government and a wholly owned subsidiary of the Tourism Authority of Thailand (“TAT”), has offered the opportunity to eligible foreigners to obtain a Thailand visitor visa for 5, 10 or …

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Long-Term Resident (LTR) visa has been granted to a highly-skilled professional. How does the 17% personal income tax flat rate work in practice?

Congratulations to highly-skilled professionals whose Long-Term Resident (“LTR”) visa is approved and stamped in their passport.  Those LTR professionals with potential eligibility to pay personal income tax at a 17% flat rate may however now have questions about how this …

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Personal Data Protection Regulations

The Personal Data Protection Act (PDPA) came fully into effect on 1 June 2022, and four new regulations under the PDPA have recently been issued and took effect on 21 June 2022. We understand that more regulations are expected soon. …

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