Best Business Lawyers in Huai Khwang
Share your needs with us, get contacted by law firms.
Free. Takes 2 min.
List of the best lawyers in Huai Khwang, Thailand
Browse business law firms by service in Huai Khwang, Thailand
Huai Khwang, Thailand Attorneys in related practice areas.
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 Huai Khwang, Thailand
Huai Khwang is a vibrant district located in the heart of Bangkok, Thailand. Known for its dynamic mix of commercial centers, entertainment venues, and residential communities, Huai Khwang has seen a steady rise in both local and international business activity. Business law in Huai Khwang follows the legal structure set by Thai legislation but may have unique local practices given its urban character and diverse population. A wide range of businesses operate in the area, from small family-run shops to multinational enterprises. As a result, understanding the basics of business law is essential for entrepreneurs, business owners, and anyone looking to invest or work within the Huai Khwang business ecosystem.
Why You May Need a Lawyer
Many business situations in Huai Khwang require specialized legal knowledge. Here are some common scenarios where legal assistance is crucial:
- Setting up a company, partnership, or representative office
- Navigating foreign ownership restrictions and investment regulations
- Drafting or reviewing contracts, such as leases, supplier agreements, or employment contracts
- Resolving disputes between partners, shareholders, or with employees
- Protecting intellectual property, such as trademarks and copyrights
- Complying with Thai labor laws and tax regulations
- Handling regulatory compliance for specific industries
- Purchasing or leasing commercial property
- Managing debt collection and enforcing business agreements
- Shutting down or restructuring a business
Having a qualified lawyer helps you navigate the complexities of local procedures, reduce the risk of costly mistakes, and ensures your business aligns with Thai law.
Local Laws Overview
Business operations in Huai Khwang are governed by Thai national laws, particularly the Civil and Commercial Code, as well as local regulations issued by the Bangkok Metropolitan Administration. Here are some key legal points relevant to business activities:
- Business Registration: All businesses must be properly registered with the Department of Business Development (DBD) and receive appropriate licenses if required.
- Foreign Business Act: There are restrictions on foreign ownership in certain sectors. In some cases, a Foreign Business License or promotion under the Board of Investment (BOI) is required.
- Taxation: Businesses must register for tax purposes with the Revenue Department and comply with VAT, corporate income tax, and employer tax regulations.
- Labor Laws: Employers must follow the Labor Protection Act, which covers employee rights, contracts, termination procedures, and benefits.
- Commercial Leases: Lease agreements, particularly for periods over three years, should be registered with the Land Department to be legally enforceable.
- Permitting: Many business activities, especially those in food, entertainment, or health, require specific permits from local authorities.
- Intellectual Property: Protection for trademarks, copyrights, and patents is available but must be registered to be enforceable.
- Consumer Protection: Businesses must comply with regulations to ensure fair advertising, accurate labeling, and customer safety.
Local practices and enforcement can vary, so it is important to consult with a professional familiar with both national and district-level requirements.
Frequently Asked Questions
What type of business entities can I form in Huai Khwang?
Typical structures include sole proprietorship, partnership, limited company, public company, and branch or representative office for foreign companies.
Can foreigners fully own a business in Huai Khwang?
Foreigners face restrictions under the Foreign Business Act. Full ownership is possible in some sectors, but many require a Thai majority partner or obtain special permission or BOI promotion.
How long does it take to register a company?
With all documentation ready, company registration can take as little as a week for a private limited company. Additional permits or licenses may extend the timeline.
Do I need a work permit to run my own business as a foreigner?
Yes, foreigners who work in Thailand, including as company managers, need a proper work permit linked to the registered business.
What are the standard tax obligations for a small business?
Businesses must register for corporate income tax, value added tax (VAT) if annual revenue exceeds the threshold, and pay withholding tax on employee and contractor payments.
What labor laws should I be aware of?
The Labor Protection Act outlines requirements for contracts, wages, working hours, holidays, overtime, severance, and termination procedures for all employees.
Are contracts in English legally valid?
While contracts can be written in English, an official Thai translation may be required for registration or enforcement in courts. Thai versions take legal precedence.
How is business property leased or purchased?
Property transactions are subject to specific laws. Lease agreements longer than three years must be registered. Foreigners cannot directly own land but can lease or own buildings.
What are the penalties for non-compliance with business regulations?
Penalties range from fines to business closure and, in some cases, criminal charges. Regular compliance reviews are recommended.
How can I resolve a business dispute in Huai Khwang?
First, try negotiation or mediation. If unresolved, legal action can be filed at the civil or labor courts. Arbitration is also an option for contractual disputes.
Additional Resources
- Bangkok Business Registration Office: Department of Business Development for company and partnership registration
- Revenue Department: For tax registrations and filings
- Bangkok Metropolitan Administration: For local licenses and operating permits
- Board of Investment (BOI): For foreign investment privileges and promotions
- Department of Intellectual Property: For trademark, copyright, and patent registrations
- Labour Protection and Welfare Office: For employment and labor issues
- Legal Aid and Attorney Networks: For free or low-cost legal consultations
- Embassies and Chambers of Commerce: For specific advice for foreign investors and assistance in connecting with reliable legal professionals
Next Steps
If you need legal guidance for your business in Huai Khwang, begin by assessing your specific needs and identifying the area of law involved. Prepare relevant documents and detailed information about your business plans or issues. Consult with a licensed lawyer or legal firm experienced in dealing with businesses in Bangkok and Huai Khwang in particular. Make appointments for consultations to get tailored advice and an accurate understanding of your legal position. Engage legal services for drafting agreements, negotiating contracts, registering your business, or handling disputes as needed. Regularly review your legal obligations to ensure ongoing compliance and avoid legal complications as your business grows.
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.