Legal Framework
From The Report: Thailand 2016
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This chapter examines the Thai legal code, focusing primarily on plans to attract investment, special economic zones, types of businesses that can be set up, and other key topics. It also contains a viewpoint from Yuthana Promsin, Partner and Co-founder of Jus Laws & Consult.

Articles from this Chapter

Overview

A new approach: A sharper focus in efforts to attract foreign investment
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Thailand’s Board of Investment (BoI) was established to promote investments by foreign and local investors in economic activities that will benefit its people. It has promoted a very broad range of investments. In 2015 the BoI implemented a substantial re-think of the purpose and scope of its efforts to attract foreign direct investment through a seven-year plan ending in 2021 that makes significant changes to the types of business activities it wants to encourage, as well as to the locations for…

Analysis

In good company: A look at the various types of businesses that can be set up
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In Thailand, business organisations can be divided into two types: non-profit organisations and business organisations. Non-profit organisations have to register under the Civil and Commercial Code, and are divided into associations and foundations. Associations can conduct any activity that is ongoing and not conducted for the purpose of profit. Foundations consist of property allocated specially for public benefit, and also are not-for-profit. Business organisations can be divided into three types:…

Analysis

Bottom-line benefits: Rule changes provide new perks for doing business in Thailand
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In 2015, Thailand introduced two new programmes to help make it an economic hub of Asia and boost its competitiveness under Royal Decrees No. 586 and 587: the International Headquarters and International Trading Centre. These programmes are comprised of incentive packages offered by the Revenue Department and the Board of Investment (BoI). International Headquarters Thailand defines an international headquarters (IHQ) as a company incorporated in Thailand that provides any of a long list services…

Analysis

Zones of productivity: The benefits of locating a business in a special economic zone
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Investors with adaptable business plans will find that establishing or expanding their business in one of Thailand’s recently designated special economic zones (SEZs) will allow them to assemble the most valuable package of governmental incentives. In addition to the incentives offered by the Board of Investment (BoI) and the Revenue Department, the Industrial Estate Authority of Thailand (IEAT) offers added incentives to promote business development in SEZs. The IEAT’s industrial estates have…

Viewpoint

Partnerships for progress: Yuthana Promsin, Partner and Co-founder of Juslaws & Consult, on Thailand’s push to encourage the use of PPPs
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Anticipating the opportunities and challenges of its economy’s transition into the ASEAN Economic Community, Thailand has overhauled its approach to public-private partnerships (PPP) to encourage both greater participation by government agencies and private investors and PPP development in areas that will lead to the more efficient construction and operation of public facilities important to the kingdom’s future. While there has been a law authorising PPPs in Thailand since 1992, there were only…