Legal Framework
From The Report: Thailand 2017
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This chapter examines Thailand’s legal system, focusing on incentives available to encourage export activities, analysis of company law and details of permits required for foreign companies. It also contains a viewpoint from David Lyman, Chairman and Chief Values Officer, Tilleke & Gibbins.

Articles from this Chapter

Overview

Clear rules: Policies encourage investment and provide incentives for a range of activities
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The Thai government has long believed in an open, laissez faire economy. Foreign investment is welcome, and various types of incentives – either tax incentives or non-tax incentives – are granted to attract foreign investment through government agencies, such as the Board of Investment (BOI) and the Industrial Estate Authority of Thailand (IEAT), and bilateral agreements that bind Thailand to other countries, such as the ASEAN Comprehensive Investment Agreement (ACIA), the ASEAN Framework…

Viewpoint

The last word: David Lyman, Chairman and Chief Values Officer, Tilleke & Gibbins, on the resilience of Thailand
OBG
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Viewpoint: David Lyman My family has lived in Thailand since May 1949 and I have been practicing law here since 1967 – that’s 50 years now. Thus, I see Thailand from the perspective of a long-term foreign permanent resident. Let’s take the military coup of May 2014; it’s the 13th coup I have witnessed. It and its predecessors all have much in common: all were conducted, it is said, in order to protect and restore the rights, lives and fortunes of the Thai people, and save them from abuse…