Showing 1-10 of 269 results
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Work permits and Thailand labour law: A foreign worker's compliance guide
Published on 18/01/2024
» Navigating the complexities of work permits and labour laws in a foreign country can be a daunting task for expatriates and international companies. With Thailand being a popular destination for foreign workers, understanding its specific legal requirements is crucial. This article aims to provide a guide by simplifying and explaining the essential aspects of work permits and Thailand Labour Law, providing a reliable resource for expatriates, international companies, and HR departments.
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Business rehabilitation in Thailand and debt repayment
Published on 12/12/2023
» Thailand's economy in recent years has felt the impact of a seemingly endless list of challenges, such as the COVID-19 pandemic, global economic recession, repercussions from wars and armed conflicts, slumping exports, and recurring internal political turmoil. Many Thai companies simply went bankrupt during this time, but many others have gone through the process of business rehabilitation as laid out in Thailand's Bankruptcy Act.
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BOI expands LTR visa opportunities for highly-skilled professionals
Published on 27/09/2023
» Back in September 2022, the Thai government through the Board of Investment (BOI) launched the Long-term Resident (LTR) visa program with the intention to attract potential foreign individuals seeking to settle down in Thailand, whether for work opportunities or retirement. This strategic move is aimed to usher in a new wave of foreign direct investments (FDI) and knowledge-transferable experts to further stimulate Thailand's economic growth.
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Key considerations when applying for a business licence in Thailand
Published on 26/07/2023
» Starting a business in a foreign country can be a challenging and complex endeavor, especially when it comes to navigating the legal landscape. That's why we've put together this comprehensive guide on Thailand law firms and legal services, specifically tailored for entrepreneurs looking to establish or expand their businesses in this captivating country. We aim to break down complex concepts and guide you through the essentials, so you can focus on what truly matters – growing your business in Thailand and achieving success throughout the dynamic market.
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To invest or not to invest in Thailand?
Published on 28/06/2023
» In this post-Covid era, Foreign Direct Investment (FDI) into Thailand has been on the rise, with FDI inflows and applications for investment promotions increasing 36% from the previous year (approximately $13 billion). Accordingly, Thailand's gross domestic product (GDP) is expected to increase from 2.6% in 2022, to a projected high of 3.7% in 2023.
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Indonesia has strode ahead in digital banking: how can Thailand do the same?
Published on 19/05/2023
» Digital banking is at a crossroads in Thailand. A small but not insignificant part of Thailand’s population is underserved by banks—as of 2021, research shows that banking penetration stands at 85 percent. Digital adoption in Thailand is high, with smartphones seeing 106 percent penetration and digital banking being used by 90 percent of customers who have bank accounts. But digital banking offerings are limited, with either digital banking extensions of large existing banks or digital players specialising in only certain aspects of banking such as lending or payments, leaving ample room for the growth of full-fledged digital banks.
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Unsafe products: Liability under Thailand's product liability law
Published on 29/09/2022
» Impacts from the COVID-19 pandemic have led some manufacturers to reduce costs by changing production methods, designs or machinery or reducing the number of employees on payroll. While these strategies may reduce costs and help their business survive, they may also result in lower quality goods. In the worst case, however, these poor quality goods may cancel out or even outweigh a manufacturer's cost savings if the products are deemed to be unsafe for consumers under Thailand's Product Liability Act (officially the Liability for Damages Arising from Unsafe Products Act).
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Cannabis use by employees in Thailand – what is allowed and what isn’t allowed?
Published on 23/09/2022
» There was a lot of hype earlier this year about the delisting of cannabis and hemp plants from the Narcotics Code in Thailand. However, there appears to be some confusion about cannabis use within the country and in particular, what is permitted and not permitted without a license. In order to prevent misuse and a society-wide problem, the Thai government has been elaborating on the permitted use and sale of cannabis in the last few months.
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Thailand’s new long-term visa regulations
Published on 25/08/2022
» Since the lifting of the strict lockdown in the first quarter of 2022, and the decrease in the number of Covid-19 cases, the Thai economy has shown signs of recovery.
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Termination of Employment in Thailand
Published on 06/08/2022
» According to Thai labour laws, an employer is empowered to terminate an employee’s employment at its will, except for members of the Employee Committee which requires a court order for dismissal. However, the consequences of dismissal with and without statutory causes under the Labour Protection Act B.E. 2541 (the “Labour Protection Act”) will be different in terms of the statutory payments for which the employer is legally required to pay the employee. In this regard, the question “how much statutory payment does the employer have to pay to the employee due to dismissal?” becomes one of the most concerned and critical issues for all employers.
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