Thailand Passes First Debt-Collection Law to Stop Abuse

A new debt-collection law that prohibits the use of abuse to collect debts and imposes new penalties was approved and will take effect within the next 6 months, reports Thai PBS. A first inThailand’s history, the new law makes it illegal for debt collectors or credit lenders to get their money back through the use of abusive, threatening or deceptive practices such as public announcement of debtor’s names, false representation as a lawyer or government official, or imposing unfair … [Read more...]

Thailand Land and House Property Tax Rate Approved

Thailand’s Finance Ministry has proposed a new tax rate for land and buildings and has widened the ceiling tax waiver in a new effort to ease public concern over the imminent property taxes, reports the Bangkok Post. The Ministry has proposed a 0.1 percent, 0.05 percent and 0.2 percent tax for residential homeowners, farmers who own agricultural land and landlords for commercial land, respectively. Unutilized or vacant land would be taxed 0.5 percent. Chaninat and Leeds’ Thailand real … [Read more...]

Thailand Company Registration

Thailand Law provides for several different types of business organizations. The regulations controlling establishing a business in Thailand are found in the Thailand Civil and Commercial Code. Special types of Business entities for foreigners (non-Thai nationals) in Thailand are provided for in laws such as the Board of Investment Act and the Foreign Business Act B.E 2542 (A.D. 1999). The most commonly used types of Company registrations in Thailand take on the following forms: Thailand … [Read more...]

Thailand Foreign Business License

A Thailand foreign company is a business entity which shares are majority-owned by non-Thai nationals or foreigners. Certain types of businesses are prohibited to be owned by non-Thai persons or activities if they are listed in the prohibited categories of Foreign Business Act. If the foreign company or entity seeks to conduct business in one of the prohibited categories of business, it must obtain a business license according to the provisions of the Foreign Business Act B.E. 2542 (A.D. 1999). … [Read more...]

Registering a Non-Government Organization or NGO in Thailand

NGOs (Non-Government Organizations) operate in Thailand in a variety of areas. Many NGOs operate in the border areas or impoverished areas of Thailand, providing educational, medical, charitable or other services. Other NGOs focus on economic or community development. Foreign workers and volunteers, along with the NGOs themselves are subject to Thai law and must obtain licenses and permits to operate legally in Thailand. Thailand law does not use the term “Non-Government Organization” or … [Read more...]