Importance of Thai Will and Succession
Estate planning is a critical aspect of managing one’s assets, ensuring that wealth is distributed according to personal wishes after death. In Thailand, the importance of a will and a clear succession plan cannot be overstated. Whether you are a Thai national or a foreigner owning assets in Thailand, having a legally binding will is […]
Importance of the US-Thai Treaty of Amity
The US-Thai Treaty of Amity, formally known as the “Treaty of Amity and Economic Relations between the Kingdom of Thailand and the United States of America,” is a bilateral agreement signed in 1966. This treaty plays a significant role in promoting trade, investment, and strong diplomatic relations between the two nations. For American entrepreneurs and […]
Thailand Visa Exemption
Thailand visa exemption scheme is a vital component of its immigration policy, designed to facilitate short-term visits by nationals of specified countries for tourism, business meetings, and personal visits. The visa exemption allows eligible nationals to enter Thailand without obtaining a visa in advance, subject to conditions imposed under Thai law and regulations issued by […]
Foreign Business Act
The Foreign Business Act B.E. 2542 (1999) is the primary law governing foreign investment in Thailand, establishing restrictions on foreign ownership and participation in various sectors of the Thai economy. The FBA aims to protect local industries while encouraging foreign investment in targeted sectors that promote national economic development. The Act divides business activities into […]
Consumer Protection Act
The Consumer Protection Act B.E. 2522 (1979) is the cornerstone of Thailand’s consumer law regime. Designed to shield consumers from unfair trade practices, unsafe products, deceptive advertising, and abusive contractual terms, the Act creates a system of administrative oversight, judicial recourse, and civil remedies. Unlike systems that rely heavily on judicial enforcement, Thailand’s approach is […]