Legal Framework
From The Report: Thailand 2018
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This chapter examines Thailand’s legal framework, focusing on work done by the Board of Investment to promote various sectors. It also explains the policies outlined for non-citizens in the Foreign Business Act, tax and non-tax incentives for international companies and other key subject areas. This chapter contains a viewpoint from David Lyman, Chairman and Chief Values Officer, Tilleke & Gibbins.

Articles from this Chapter

Overview

Invested interests: Board of Investment (BOI) and other regulatory bodies work to help the country capitalise on foreign business activity
OBG
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The Thai government has long believed in an open, laissez-faire economy that welcomes foreign investment. Various tax and non-tax incentives are granted to attract foreign investment through government agencies – such as the BOI and the Industrial Estate Authority of Thailand (IEAT) – and bilateral agreements that bind Thailand to other countries, including the ASEAN Comprehensive Investment Agreement (ACIA), the ASEAN Framework Agreement on Services (AFAS), and the Treaty of Amity and…

Viewpoint

Rules of the game: David Lyman, Chairman and Chief Values Officer, Tilleke & Gibbins, on attracting international investment
OBG
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Viewpoint:David Lyman Being a second-generation US lawyer domiciled in Asia, and my family having first settled in East Asia 71 years ago in 1947, I have learned several lessons as to my own role in this geography. The countries and people of the Greater Mekong Subregion (GMS) are extremely diverse in their cultures, histories, customs, moralities, religions, resources, political systems, legal traditions, economies and economic objectives, states of technological development, social goals,…