Best Business Lawyers in Phaya Thai
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Thailand Business Legal Questions answered by Lawyers
Browse our 13 legal questions about Business in Thailand and the lawyer answers, or ask your own questions for free.
- What business categories are eligible for BOI promotion in Thailand?
- I run a manufacturing company which is registered in Thailand and we are interested in BOI promotion.
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Lawyer answer
To gain BOI Thailand promotion, your business must fall within one of the eight stated business categories: Agriculture and agricultural products Light industry Services and public utility Chemicals, paper, and plastic Technology and innovation development Electronic industry and electric appliances...
Read full answer - What are the requirements for BOI promotion in Thailand?
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Lawyer answer
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...
Read full answer - What benefits can my company enjoy under the Board of Investment (BOI) promotion?
- I am a tech business owner currently based in Europe, but looking to move operations to Asia, I would like to explore and compare options.
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Lawyer answer
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...
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About Business Law in Phaya Thai, Thailand:
Business law in Phaya Thai, Thailand encompasses a range of legal issues related to starting, operating, and managing a business. It covers areas such as business formation, contracts, intellectual property, employment law, and more. Understanding the legal framework is crucial for entrepreneurs and business owners to ensure compliance and protect their interests.
Why You May Need a Lawyer:
There are several situations where you may need a lawyer specializing in business law in Phaya Thai, Thailand. These can include drafting or reviewing contracts, resolving disputes with employees or business partners, seeking legal advice on intellectual property rights, navigating the process of business formation, and handling regulatory compliance issues.
Local Laws Overview:
Key aspects of local laws in Phaya Thai, Thailand that are particularly relevant to business include regulations on company registration, tax laws, labor laws, intellectual property laws, and competition laws. Understanding and adhering to these laws is essential for operating a business legally and successfully in Phaya Thai.
Frequently Asked Questions:
1. Do I need to register my business in Phaya Thai, Thailand?
Yes, registering your business is mandatory in Phaya Thai. It ensures legal recognition and compliance with local regulations.
2. How can I protect my intellectual property in Phaya Thai?
You can protect your intellectual property through patents, trademarks, copyrights, and trade secrets. Consulting with a lawyer specializing in intellectual property law is advisable.
3. What are the tax obligations for businesses in Phaya Thai?
Businesses in Phaya Thai are subject to corporate income tax, value-added tax (VAT), and specific business taxes. Compliance with tax laws is essential to avoid penalties.
4. Can I hire foreign employees for my business in Phaya Thai?
Yes, you can hire foreign employees, but you need to comply with work permit regulations and other immigration laws.
5. How can I resolve a business dispute in Phaya Thai?
Business disputes can be resolved through negotiation, mediation, arbitration, or litigation. Consulting with a lawyer specializing in business disputes is recommended.
6. What are the requirements for forming a partnership in Phaya Thai?
Partnerships in Phaya Thai require a partnership agreement, registration with the relevant authorities, and compliance with partnership laws.
7. How can I ensure compliance with competition laws in Phaya Thai?
Compliance with competition laws involves avoiding anti-competitive practices such as price-fixing, collusion, and abuse of dominant market position.
8. Can I transfer my business assets in Phaya Thai?
Yes, you can transfer your business assets through sales, mergers, acquisitions, or other legal means. Seek legal advice to ensure a smooth transfer process.
9. What are the rights and responsibilities of directors in Phaya Thai?
Directors have fiduciary duties to act in the best interests of the company, avoid conflicts of interest, and comply with corporate governance laws.
10. How can I terminate an employee legally in Phaya Thai?
Terminating an employee must adhere to labor laws and employment contracts. Consult with a lawyer to ensure a fair and lawful termination process.
Additional Resources:
For further assistance with business law in Phaya Thai, Thailand, you can contact the Department of Business Development, the Department of Intellectual Property, the Revenue Department, and the Department of Labor Protection and Welfare.
Next Steps:
If you require legal assistance in business matters in Phaya Thai, Thailand, it is advisable to consult with a qualified lawyer specializing in business law. They can provide personalized advice and guidance based on your specific needs and circumstances.
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.