Best Business Lawyers in Bang Bon
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List of the best lawyers in Bang Bon, Thailand
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Thailand Business Legal Questions answered by Lawyers
Browse our 14 legal questions about Business in Thailand and the lawyer answers, or ask your own questions for free.
- Company transfer and name change
- Yes, transferring an existing Thai company to another person and changing ownership is possible. This is done through a share transfer process, where the current shareholder(s) legally transfer their shares to the new owner. Once the transfer is completed, you can change the company director and update the company records with the Department of Business Development (DBD).Procedure Overview – Company Transfer & Name Change:Share Transfer Agreement – The outgoing shareholder signs a document to transfer their shares to the new owner.Update Shareholder List – The company updates its shareholder register and issues new share certificates.Director Change (if needed) – If the new owner also becomes the director, a board resolution and form for DBD filing must be prepared.Update Company Name (optional) – If you want to change the company’s name, this is a separate process requiring shareholder approval and DBD filing.Submit to DBD – All updated documents are filed with the DBD to finalize the change.Estimated Costs:Share Transfer & DBD Filing: THB 6,000 – 12,000 (depending on the complexity and whether legal assistance is used)Name Change Filing: ~THB 3,000Legal Service (if needed): THB 10,000 – 25,000 (approx.)
- Inquiry Regarding Licensing Requirements for Cryptocurrency ATMs in Thailand
- Dear prospective client,Thank you for reaching out with your inquiry regarding the licensing requirements for operating cryptocurrency ATMs in Thailand.In order to operate cryptocurrency ATMs in Thailand, operators are required to comply with specific regulations issued by the Securities and Exchange Commission (SEC) of Thailand. The primary license that cryptocurrency ATM operators need to apply for is a Digital Asset Business License. This license allows businesses to operate as cryptocurrency exchanges, brokers, or dealers, all of which may be relevant depending on the services offered by the ATM.Additionally, there are stringent compliance measures relating to Anti-Money Laundering (AML) and Know Your Customer (KYC) requirements that need to be adhered to in line with Thai law.For a comprehensive overview of the regulations surrounding digital assets in Thailand, including cryptocurrency ATMs, I invite you to visit our website for detailed insights:Digital Asset Regulations in Thailand: A Comprehensive Overview https://mahanakornpartners.com/digital-asset-regulations-in-thailand-a-comprehensive-overview/Should you have any further questions or need more personalized assistance, feel free to reach out.Best regards,Mahanakorn Partners Group (MPG)
- Airbnb in Thailand
- Short answers for your questions 1) In Thailand, you can do business by individual or setting up a company. However, if owner is foreigner, may cannot do most business unless get approved by governor officer or some section form Thai regulations. Presently, LLC need 3 persons for set-up.2) Yes, in Thailand has specific regulation for foreigner who want to do business in Thailand.For more details please contact us directly at Sorasak Law Firm.
About Business Law in Bang Bon, Thailand
Bang Bon is a district (khet) in the western part of Bangkok, Thailand. Over the years, Bang Bon has seen significant business growth, particularly in retail, agriculture, logistics, and small manufacturing. As business activities expand, legal considerations become increasingly important for entrepreneurs, investors, and established business owners. Business law in Bang Bon covers a wide range of issues, from company registration and licensing to contracts, employment, tax compliance, and dispute resolution. Understanding the legal landscape is essential for anyone looking to start, manage, or grow a business in this vibrant district.
Why You May Need a Lawyer
Navigating business law can be complex, especially for those unfamiliar with Thai regulations or the specific requirements in Bang Bon. Common situations where people may need a lawyer include:
- Registering a new business or establishing a corporate structure
- Drafting, reviewing, or negotiating contracts with suppliers, partners, or customers
- Securing business permits and licenses required by local authorities
- Understanding and complying with labor laws and employee regulations
- Handling disputes related to contracts, debts, or shareholders
- Managing property leases or purchases for business premises
- Adhering to specific tax laws and filing requirements for companies
- Protecting intellectual property rights, such as trademarks or patents
- Ensuring compliance with industry-specific standards, health, and safety laws
- Facilitating business closure or restructuring processes
Having a lawyer helps safeguard your interests, avoid costly mistakes, and ensures your business operates smoothly within the legal framework of Bang Bon and Thailand.
Local Laws Overview
Business operations in Bang Bon are governed by both national Thai legislation and local Bangkok Metropolitan Administration (BMA) regulations. Key aspects of local laws relevant to business owners include:
- Company Registration: Businesses must be registered under the Civil and Commercial Code or specific statutes, such as the Public Limited Companies Act. Registration is typically conducted at the Department of Business Development (DBD).
- Licensing and Permits: Local authorities in Bang Bon, such as the district office, may require additional permits for retail, food services, or specific industries.
- Tax Compliance: All businesses are required to register for taxes with the Thai Revenue Department and comply with VAT, corporate income tax, and other tax laws.
- Employment Laws: Local labor regulations are enforced under the Labor Protection Act and include rules covering working hours, minimum wage, holiday entitlements, and termination procedures.
- Land Use and Zoning: Businesses must adhere to zoning codes and obtain permission for property use, especially in commercial or industrial zones.
- Foreign Ownership Restrictions: Certain sectors restrict foreign ownership or require compliance with the Foreign Business Act, such as trading and service businesses.
- Consumer Protection: Businesses must comply with consumer protection regulations, particularly those related to product quality, labeling, advertising, and fair trading practices.
It is important to thoroughly understand and comply with all relevant local and national laws in order to avoid legal disputes or penalties.
Frequently Asked Questions
What is the process to register a business in Bang Bon?
To register a business in Bang Bon, you must choose a legal entity (such as a limited company), prepare all required documents, reserve a company name, and submit an application at the Department of Business Development. Additional permits or licenses may be needed from local authorities depending on your business activities.
Are there special requirements for foreign-owned businesses?
Yes, foreign nationals must comply with the Foreign Business Act, which restricts foreign ownership in certain sectors. Some industries may require a majority Thai shareholder or a foreign business license. Consult with a legal advisor to ensure compliance.
Do I need specific permits to open a retail shop in Bang Bon?
Yes, most retail businesses in Bang Bon require licenses issued by the district office or relevant Bangkok Metropolitan Administration departments. Food, alcohol, or specialty goods may need additional permits.
What are the main taxes my business needs to pay?
Common taxes include corporate income tax, value added tax (VAT), specific business tax, and local property tax. Social security contributions are also required for employees. Register with the Revenue Department and stay updated on filing obligations.
How can I protect my business name or brand?
You can protect your brand and logo by registering trademarks with the Department of Intellectual Property. Legal protections help prevent others from using your business identity without permission.
What labor laws must I follow when hiring employees?
Employers must comply with the Labor Protection Act, which regulates minimum wage, working conditions, employee benefits, leave entitlements, and termination procedures. Contracts should be clear and in line with local law.
How do I resolve disputes with suppliers or partners?
Most business disputes are resolved through negotiation, mediation, or arbitration. If unresolved, cases can be taken to the appropriate Thai courts. Having clear contracts and legal advice helps minimize disputes.
Is it necessary to have a Thai partner for my business?
Not always, but some business activities require majority Thai ownership under the Foreign Business Act. Certain industries are open to full foreign investment, especially if promoted by the Board of Investment (BOI).
Are there industry-specific regulations in Bang Bon?
Yes, sectors such as food production, healthcare, education, and logistics may be subject to additional regulations or oversight by local authorities and national agencies. Always check for relevant requirements in your industry.
Can I get legal assistance in English?
Many law firms in Bangkok and Bang Bon have English-speaking lawyers who assist foreign clients. It is advisable to seek professionals who understand both local laws and international business practices.
Additional Resources
If you require further information or support, consider reaching out to the following resources:
- Bangsue District Office - handles local permits and licensing in Bang Bon
- Department of Business Development (DBD) - responsible for business registration and company records
- Thai Revenue Department - provides information on tax compliance and business registration for VAT and income tax
- Department of Intellectual Property (DIP) - for trademarks, patents, and IP protection
- Office of the Board of Investment (BOI) - supports foreign investors and promotes investment opportunities
- Thai Chamber of Commerce - offers business networking and support services
- Legal aid centers and private law firms specializing in business law in Bangkok
Next Steps
If you are considering starting or operating a business in Bang Bon, Thailand, the first step is to research applicable laws and regulations for your specific type of business. Prepare your business plan and consult a qualified lawyer who understands both Thai and local Bang Bon requirements. Gather all necessary documentation for company registration, and ensure compliance with tax, labor, and licensing laws. For foreign entrepreneurs, legal counsel is essential to navigate ownership restrictions and investment incentives. Finally, maintain good records, stay informed about regulatory changes, and always seek legal advice when encountering contractual or operational challenges. Taking these steps will help your business run smoothly and reduce legal risks in Bang Bon.
Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.