Best Business Lawyers in Thung Khru
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List of the best lawyers in Thung Khru, Thailand
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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 Thung Khru, Thailand
Thung Khru is a district in Bangkok, Thailand, that houses a vibrant mix of small businesses, local markets, and growing enterprises. Business law in Thung Khru follows the broader framework of Thai business regulations, which emphasize registration, licensing, fair trade, and consumer protection. Businesses in this district range from retail shops and service providers to manufacturers and online ventures. Navigating local requirements and staying compliant with changing laws are essential for anyone wanting to start or operate a business in Thung Khru.
Why You May Need a Lawyer
Running a business in Thung Khru, like elsewhere, can involve complex legal processes. Here are several situations where consulting a lawyer could be beneficial:
- Registering a new business or branch office
- Drafting and reviewing contracts with partners, suppliers, or customers
- Navigating labor laws and employment disputes
- Dealing with intellectual property issues, such as trademarks and copyrights
- Ensuring compliance with tax requirements and business licensing
- Handling property leases, purchases, or disputes
- Resolving conflicts through negotiation or litigation
- Guiding foreign investors through the legal landscape
- Managing business dissolution or restructuring
- Protecting your rights in case of fraud or unfair business practices
Local Laws Overview
Business laws in Thung Khru are governed by national Thai law, yet there are particular local procedures and regulations you must pay attention to. Here are key points:
- All businesses must register with the Department of Business Development and, when required, the local District Office
- Specific licenses may be needed for food services or import-export businesses
- Foreign-owned businesses are subject to the Foreign Business Act, including restrictions on certain sectors
- Employers must comply with the Thai Labor Protection Act, covering wages, work hours, and employee rights
- Proper accounting, annual tax filings, and VAT registration are mandatory for most businesses
- Environmental regulations may apply, especially for manufacturing or waste-producing enterprises
- Consumer protection laws safeguard customer interests and outline fair advertising practices
Understanding and obeying these laws support smooth business operation and help avoid fines or legal disputes in Thung Khru.
Frequently Asked Questions
What is the process for registering a business in Thung Khru?
You must choose a business structure, register your company name, submit required documents to the Department of Business Development, and obtain relevant licenses. Local approvals may also be required depending on your business type.
Can a foreigner own a business in Thung Khru?
Yes, but certain restrictions exist under the Foreign Business Act. Many businesses require at least 51 percent Thai ownership or Board of Investment approval for foreign majority owners.
What taxes do I need to pay for my business?
Common taxes include corporate income tax, value-added tax (VAT), specific business tax, and withholding tax. The types and rates depend on your business activities and revenues.
Are there specific permits required for food businesses?
Yes, food businesses need separate permits from the local District Office and may require additional health and safety inspections.
What kind of employment contracts are legally required?
Written employment contracts are strongly recommended and should outline wages, benefits, work hours, and termination conditions in compliance with Thai labor law.
How can I protect my business's intellectual property?
You should register trademarks, patents, or copyrights with the Department of Intellectual Property. Legal protection through registration helps prevent unauthorized use or reproduction.
What are the penalties for non-compliance with business laws?
Penalties vary from fines to business closure or imprisonment, depending on the severity and the nature of the violation. Prompt legal advice is crucial if a compliance issue arises.
How do I resolve a business dispute in Thung Khru?
Disputes may be resolved through negotiation, mediation, or, if necessary, court proceedings. A business lawyer can help guide you through the best course of action.
Do I need an accountant or just a lawyer for my business?
Both are important. Accountants assist with tax compliance and financial records, while lawyers provide legal guidance on contracts, disputes, and regulatory matters.
Can my business operate online only?
Yes, but online businesses must still be registered and comply with relevant e-commerce, consumer protection, and tax laws in Thailand.
Additional Resources
If you need further information or assistance, consider reaching out to:
- Department of Business Development (DBD) - Handles business registrations and related queries
- Bangkok District Office (Thung Khru) - Provides local licenses and permits
- Thai Chamber of Commerce - Offers business support and legal resources
- Department of Intellectual Property - Manages IP registrations and disputes
- Thai Bar Association - Can help you locate reputable lawyers in Bangkok
Next Steps
If you need legal assistance for your business in Thung Khru:
- Gather all relevant documents, such as business registration, contracts, and permits
- Consider the type of legal issue you are facing so you can choose a lawyer with relevant experience
- Contact local law firms or use resources like the Thai Bar Association for lawyer recommendations
- Schedule a consultation to discuss your situation and potential legal strategies
- Stay informed about ongoing legal compliance requirements to protect your business’s future
Acting early and seeking qualified legal support can help you minimize risks and operate your business with increased confidence in Thung Khru.
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.