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THAILIVING LAW

THAILIVING LAW

Rayong, Thailand

Founded in 2007
13 people in their team
THAILIVING LAW | Law Firm in Pattaya is established and managed by experienced licensed lawyers. We provide with quality legal advice and services to...
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 Rayong, Thailand

In Rayong, the business law operates under the broader Thai legal system which is based on civil law. Rayong has particular appeal as an investment spot due to its numerous industrial parks. However, local and international business entities must comply with Thai Business laws which cover regulations related to foreign investment, environmental regulation, industrial estates act, and labor laws among other issues. Trusted legal counsel is vital to navigate these complex laws.

Why You May Need a Lawyer

Regardless of the nature of your business, from setting up a company, negotiating contracts and dealing with labor disputes to ensuring compliance with stringent environmental regulations in Rayong's industrial parks, having a legal expert on your side is invaluable. They can guide you through the legal complexities, prevent potential legal issues, and represent you in court if disputes arise, enabling you to focus fully on your business operations.

Local Laws Overview

Businesses in Rayong must abide by several key legal and regulatory frameworks. For foreign business owners and investors, the Foreign Business Act (FBA) restricts foreign investment in certain sectors. Environmental regulations are particularly strict in industrial zones, and non-compliance can lead to severe penalties. Businesses also need to adhere to the Industrial Estate Authority of Thailand Act governing industrial operations, and the Labor Protection Act which stipulates the minimum rights and benefits for employees.

Frequently Asked Questions

1. Can foreigners own businesses in Rayong?While foreigners can own businesses in Thailand, certain restrictions may apply under the Foreign Business Act (FBA). Legal counsel can help navigate these restrictions.

2. How strict are environmental regulations?Environmental laws in Rayong, particularly in the industrial parks, are strict and must be keenly observed. Fines or criminal charges may result from violations.

3. What are the required employee benefits?Legally, employees are entitled to benefits such as paid leave, overtime, severance, and social security contributions in accordance with Labor Protection Act.

4. Is there a mandatory minimum wage?Yes, businesses in Thailand, including Rayong, have a responsibility to adhere to a mandatory minimum wage set by the government.

5. What are some of the major labor laws?Major laws include Labor Protection Act, Social Security Act and the Labor Relations Act which govern aspects such as termination, leave, benefits and labor disputes.

Additional Resources

Additional resources that can provide valuable insights include the Thailand Board of Investment, the Ministry of Industry, the Ministry of Commerce, and the Department of Labor Protection and Welfare. These governmental bodies offer materials and guidance on business laws in Thailand.

Next Steps

If you need legal assistance for your business in Rayong, the best first step would be to contact a reputable local law firm that specializes in business law. This will ensure accurate advice that takes into account the unique aspects of doing business in Rayong, Prince of Songkla University Law School in Songkhla is also a good resource for finding legal experts.

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.