Best Business Lawyers in Yan Nawa
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List of the best lawyers in Yan Nawa, 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 Yan Nawa, Thailand
Yan Nawa is a bustling urban district in Bangkok, known for its dynamic mix of residential, commercial, and industrial zones. Business activity in Yan Nawa covers a range of industries including retail, hospitality, logistics, import-export, real estate, and professional services. The district attracts both Thai nationals and foreign investors due to its strategic location along the Chao Phraya River and proximity to central Bangkok business hubs.
Business law in Yan Nawa is governed by national statutes, particularly the Civil and Commercial Code of Thailand, Foreign Business Act, and various labor, tax, and intellectual property laws. Local administration under the Yan Nawa District Office and the Bangkok Metropolitan Administration also play roles in permitting and compliance. Understanding these layers of regulation is essential for any business owner or investor operating in the area.
Why You May Need a Lawyer
There are several scenarios where seeking legal assistance is crucial if you are doing business in Yan Nawa:
- Establishing a new business entity or registering with local authorities
- Drafting or reviewing contracts with suppliers, employees, or clients
- Navigating foreign ownership restrictions and compliance
- Dealing with tax or accounting matters specific to your type of business
- Resolving disputes with partners, employees, or government agencies
- Understanding and protecting intellectual property rights
- Ensuring labor law compliance, including hiring, termination, and benefits
- Managing mergers, acquisitions, or restructuring
- Responding to government inspections or regulatory inquiries
A business lawyer can help you avoid costly mistakes, ensure legal compliance, and represent you in negotiations or disputes.
Local Laws Overview
Business operations in Yan Nawa are affected by both national and local laws. Here are key aspects to be aware of:
- Business Registration: All businesses must register with the Department of Business Development and, if necessary, the Yan Nawa District Office.
- Foreign Ownership: The Foreign Business Act restricts certain business activities for non-Thais. Foreigners may need to set up a limited company with Thai majority ownership, or apply for Board of Investment (BOI) promotion to access special benefits and exemptions.
- Licensing: Several industries, such as food and beverage, logistics, and real estate, require permits from local authorities.
- Taxation: Businesses must register for tax with the Revenue Department and comply with VAT, corporate income tax, and withholding obligations.
- Labor Law: The Labour Protection Act sets rules on hiring, wages, working conditions, and termination. All employment contracts should meet legal standards and be filed appropriately.
- Environmental and Zoning Regulations: Certain zones in Yan Nawa are designated for specific types of business. Businesses dealing with chemicals, waste, or manufacturing may face additional scrutiny.
- Intellectual Property: Protection for trade names, trademarks, and patents requires registration with national authorities, though local infringements may be enforced by the district administration.
Ignorance of these legal aspects can result in fines, business suspension, or even deportation for foreign owners.
Frequently Asked Questions
What are the steps to register a new company in Yan Nawa?
You must choose the appropriate business structure, reserve your company name, prepare the necessary documents, register at the Department of Business Development, and obtain relevant licenses from the Yan Nawa District Office and tax authorities.
Are there restrictions on foreigners owning businesses?
Yes, many sectors restrict foreign ownership to 49 percent, but some exceptions apply through the BOI or US-Thai Treaty of Amity. Consulting a lawyer helps navigate these requirements.
What licenses do restaurants or cafes need in Yan Nawa?
You need a food business license from the district office, health and safety permits, and may need additional permissions for selling alcohol or playing music.
How do I ensure my employment contracts are legal?
Work contracts must comply with the Thai Labour Protection Act. A business lawyer can draft or review contracts to ensure they meet legal standards and protect your interests.
How can disputes between business partners be resolved?
Dispute resolution can be via negotiation, mediation, or litigation in Thai courts. Contracts should specify dispute resolution mechanisms. Legal advice is crucial in these situations.
What are my obligations for business taxes?
You must register for tax, file returns regularly, pay VAT if applicable, and withhold employee income tax. Failure to comply may result in penalties.
Are there local environmental regulations for businesses?
Yes, especially for industries with potential pollution or waste. Approval from environmental authorities in Bangkok and compliance with district zoning is required.
How do I protect my trademark or business name?
You can register your trademark or trade name with the Department of Intellectual Property to gain legal protection in Thailand.
Do I need legal advice for mergers or acquisitions?
Yes, due diligence, contract drafting, and regulatory approvals are complex. A business lawyer is essential for protecting your interests in mergers or acquisitions.
How do I handle an investigation by local authorities?
Cooperate fully and consult a business lawyer immediately to ensure your rights are protected and to respond appropriately to any legal requests.
Additional Resources
Several government bodies and organizations can provide guidance and support to business owners in Yan Nawa:
- The Department of Business Development - for company registration and corporate compliance
- The Yan Nawa District Office - for local business permits and licenses
- The Bangkok Metropolitan Administration (BMA) - for zoning, construction, and environmental permits
- The Revenue Department - for tax registration and inquiries
- The Department of Intellectual Property - for trademark and patent registration
- The Board of Investment (BOI) - for investment promotion and foreign ownership advice
- The Thai Chamber of Commerce - for business networking and market information
- Legal Aid Centers in Bangkok - for free or discounted legal advice for small businesses or startups
Next Steps
If you need legal assistance for your business in Yan Nawa, start by clearly identifying your goals and the challenges you face. Compile all relevant documents, such as existing contracts, company registration papers, or correspondence with government offices. Seek a qualified Thai business lawyer familiar with both national law and local regulations in Yan Nawa. Schedule a consultation to discuss your situation, evaluate legal strategies, and determine costs and timelines. Acting early and with professional legal guidance will help your business succeed and avoid costly legal complications.
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.