Best Business Lawyers in Surat Thani
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List of the best lawyers in Surat Thani, Thailand
Fairfax Law Firm Company Limited
Samui Law Firm Co Ltd
Fairfax Accounting Firm Company Limited
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Surat Thani, Thailand Attorneys in related practice areas.
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.
- 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.
- Breech of contract
- Our firm (SB Law Asia) are experts in Thai company law and in litigation and dispute resolution. We would be happy to provide you with a free consultation. Please contact us via e-mail at: [email protected] or by phone at: 082-256-3165.
About Business Law in Surat Thani, Thailand
Surat Thani, a city located in Southern Thailand, is known for its thriving business environment. As such, business law here is a blend of traditional Thai laws and modern international standards to manage growing trade, partnerships, and enterprises. Business law primarily focuses on the establishment of companies, agreement drafting, registrations, patents, copyrights, mergers, acquisitions, and tax regulations.
Why You May Need a Lawyer
Doing business in a foreign country brings unique challenges and Thailand is no exception. You may need a lawyer for numerous reasons including the formation of your business, compliance with local regulations, understanding local labor laws, drafting contracts, acquisition of another company, disputes, and bankruptcy. A local lawyer provides valuable support, ensuring that your business aligns with local and national regulations while navigating through the complexities of Thai legal system.
Local Laws Overview
Local laws in Surat Thani are primarily governed by the Thai Civil and Commercial Code. Key issues covered include starting a business, labor laws, contracts, property, and taxation. There are varied forms of business organizations as per the code - sole proprietorship, partnership, limited companies or joint ventures. Thailand also has strict labor laws that cover working hours, payment, welfare, and termination procedures. Any breach of these laws can result in severe penalties, hence it's crucial to adhere to them.
Frequently Asked Questions
1. Can a foreigner own a business in Surat Thani, Thailand?Foreigners can own businesses in Thailand but certain restrictions may apply in terms of the percentage of foreign ownership. Typically, companies require a certain number of Thai shareholders.
2. What is the basic corporate income tax rate in Surat Thani, Thailand?The standard corporate income tax (CIT) rate is 20%, although it varies depending on revenue and the nature of the business.
3. Are foreign employees allowed to work in Surat Thani?Yes, foreign employees are allowed to work in Surat Thani but they must obtain a valid work permit and visa.
4. What are the regulations on business hours in Surat Thani?Business hours are typically 8 hours a day and 48 hours a week. Overtime is subject to additional pay and consent.
5. How can a business dispute be resolved in Surat Thani, Thailand?Business disputes are usually resolved through litigation in court, but alternative dispute resolution methods such as arbitration and mediation are also common.
Additional Resources
For extra help, turn to resources such as the Department of Business Development, Thailand's Board of Investment, Office of the National Anti-Corruption Commission, Department of Employment, and Office of the Legal, Council of State. These organizations provide significant resources related to business law, labor, corruption, dispute resolution, and more.
Next Steps
If you need legal assistance in business, the first step is consulting a local lawyer who is experienced in business law. They will guide you through the laws applicable to your situation and advise on your rights, obligations, and best course of action. It's advisable to engage a local lawyer who understands the language and legal landscape in Surat Thani.
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.