Best Business Lawyers in Khon Kaen

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lawyers for expats Thailand Co Ltd

lawyers for expats Thailand Co Ltd

Khon Kaen, Thailand

Founded in 2019
7 people in their team
 Lawyers for Expats Thailand has been set up to assist foreigners living in Thailand.We understand first hand the challenges and problems...
English
Thai

Thailand Business Legal Questions answered by Lawyers

Browse our 9 legal questions about Business in Thailand and the lawyer answers, or ask your own questions for free.

What are the requirements for BOI promotion in Thailand?
Business
Business Registration
There are details and nuances, however, at the basic level, your company is eligible for BOI promotion if it meets the following criteria: The company is included in one of the eight eligible business categories The company performs eligible activities based on this category The company can meet the minimum capital investment sum The company is registered under Thai law The company meets all of the business requirements
What are the benefits of registering a company in Thailand under the US-Thai Treaty of Amity?
Business Registration
Business
The US-Thai Treaty of Amity offers several advantages for U.S. corporate and individual investors to operate businesses in Thailand. There are two key trade advantages for investors: The Treaty permits U.S. nationals to retain either the majority of shares or all the shares of a Thai limited company or establish a Branch Office or Representative Office in Thailand without applying for a Section 17 Foreign Business License. U.S. nationals may operate a business in the same way as Thai nationals and are exempt from the majority of foreign investment restrictions as outlined in the Foreign Business Act.
What benefits can my company enjoy under the Board of Investment (BOI) promotion?
Business
Business Registration
Once the company is BOI promoted, the following basic incentives may be granted: Exemption of corporate income tax Exemption of import duties on machinery Exemption of import duties on raw materials used in R&D Exemption of import duties on raw materials used in production for export Non-tax incentives

About Business Law in Khon Kaen, Thailand

Business law in Khon Kaen, Thailand, is governed by several national laws and regulations, as well as a host of local rules that apply at the provincial level. These laws cover a wide range of areas such as business formation, trade laws, labor laws, taxation, and environmental regulation. Despite the global rise of technology and digital businesses, local customs and procedures remain crucial, and therefore, a good understanding of these aspects can significantly affect the success and legality of a business.

Why You May Need a Lawyer

For both individuals looking to start a business or existing businesses in Khon Kaen, it is essential to have a legal counsel to navigate various legal complexities. Especially, you might need a lawyer in situations like drafting or reviewing contracts, dealing with employment issues, understanding tax obligations, ensuring compliance with local regulations, or dealing with disputes or litigation. Moreover, you may need legal advice when acquiring or selling a business.

Local Laws Overview

The local laws in Khon Kaen cover areas like business registration, zoning, import/export rules, labor, and taxations. Ardently, all businesses should be registered with the Department of Business Development. Also, businesses must adhere to land use and zoning laws depending on the nature and location of the business. Import and export regulations are also important for businesses involved in international trade. Besides, laws governing hiring, compensation, safety, and termination of employees are also vital. Lastly, diverse taxes apply to businesses, including corporate income tax, VAT, and specific business tax.

Frequently Asked Questions

1. Can foreigners own a business in Khon Kaen, Thailand?Foreigners can own a business in Thailand, but there are certain restrictions as per the law.

2. What are the tax rates for businesses in Khon Kaen, Thailand?Taxes vary depending on the type of business and its income. However, the standard rate of corporate tax is 20%.

3. What are the common labor laws that businesses in Khon Kaen have to follow?Businesses have to comply with laws regarding minimum wage, maximum working hours, and ensuring safe and healthy working conditions.

4. Are there specific environmental laws for businesses in Khon Kaen?Yes, depending on the nature of business, there may be certain environmental regulations to comply with.

5. Is registration mandatory for all businesses?Yes, all businesses, irrespective of their size or nature, are required to be registered.

Additional Resources

One can look to resources such as the Department of Business Development, the Revenue Department for tax-related queries, the Ministry of Labor for employment-related issues, and the Department of Industrial Works for environmental regulations. Local Chamber of Commerce can also provide useful information and guidance.

Next Steps

If you require further legal assistance or advice, consider hiring a local attorney who specializes in business law. They can provide detailed advice on all the nuances of local regulations and help your business stay compliant with Thai laws.

Disclaimer:
The information provided on this page is intended for informational purposes only and should not be construed as legal advice. While we strive to present accurate and up-to-date information, we cannot guarantee the accuracy, completeness, or currentness of the content. Laws and regulations can change frequently, and interpretations of the law can vary. Therefore, you should consult with qualified legal professionals for specific advice tailored to your situation. We disclaim all liability for actions you take or fail to take based on any content on this page. If you find any information to be incorrect or outdated, please contact us, and we will make efforts to rectify it.