Showing 1 - 5 of 5
The single-shareholder companies law and its expected impact on SMEs
Business, Tilleke & Gibbins International Ltd, Published on 16/10/2015
» In 2008, amendments to the Civil and Commercial Code (CCC) reduced the minimum number of shareholders required to incorporate a limited company to three from seven. This change seemed to encourage new business registration, as the number of newly incorporated juristic persons in Thailand has increased at an average rate of 8% per year since then except for 2009 and 2014.
Goodbye Kafka, hello clarity: licensing reform on the way
Business, Tilleke & Gibbins International Ltd, Published on 26/06/2015
» In Franz Kafka's novel The Castle, the protagonist tries in vain to get in touch with a mysterious group of administrators who run a small village from a castle. The character is challenged to learn the constantly changing ways and customs of the castle's imposing bureaucracy.
Real estate investment trusts in thailand
Business, Tilleke & Gibbins International Ltd, Published on 13/12/2013
» The evolution of real property financing in Thailand _ from primarily bank loans to rigid property funds to the proposed real estate investment trusts (REITs) _ reflects the liberalisation of the Thai market, the need for alternative funding options, and the need for the country to maintain its regional competitiveness.
Customs arbitration for disputes on security amount
Business, Tilleke & Gibbins International Ltd, Published on 05/04/2013
» When importers bring products into Thailand, the goods need to pass through customs formalities, during which officials will inspect the products to assess duties. Duties are determined based on the real market value of the product and all related taxes. This means that the amount of duty can vary in different circumstances, resulting in some importers disagreeing with the amount assessed.
Offences related to private limited companies
Business, Tilleke & Gibbins International Ltd, Published on 15/06/2012
» A substantial number of private limited companies in Thailand are run by foreign managing directors, who often prefer to leave the task of dealing with the legal formalities of Thai corporate law to their accountants or to outsource it to legal service providers and accounting offices.