Thailand’s New Minimum Wage Law 2025 -Important Update for Employers
The Wage Committee has announced a Notice of Minimum Wage Rates (No. 13) with a significant increase in the minimum wage, effective 1 January 2025. This change will have a major impact on businesses, particularly in the areas of Chachoengsao, Chon Buri, Phuket, Rayong, and Surat Thani Province (Ko Samui District), where the minimum wage […]
Foreign Investment in Thailand: FBL Statistics Update (January–November 2024)
As of November 2024, the Ministry of Commerce has granted FBL approvals for foreign investment under the Foreign Business Act B.E. 2542 (1999) to a total of 884 businesses. This includes 202 businesses through direct foreign business licenses and 682 businesses through certificates of foreign business operations (through the BOI, IEAT, or the Treaty of […]
Software Business Eligible for Thailand BOI Promotion
The latest BOI regulations have set forth several key requirements for software businesses to be eligible for promotion, with a focus on local development, hiring Thai IT professionals, and using advanced technologies. These regulations also provide clarity on how companies can include software developed before applying for BOI promotion, provided they continue to innovate and […]
Legal Updates: New Lending Services for Trade and Investment Support Offices (TISOs) and International Business Centres (IBCs)
The change in the scope to increase what TISOs and IBCs can do is very welcomed. These categories of business can now lend funds (in accordance with the exchange control regulations) to related companies both locally in Thailand and overseas.
The golden age of investment
Against the backdrop of temporary Covid-19 measures being introduced to protect and stabilise the economy of Thailand, the Government has also launched a whole raft of great investor-business incentives to dramatically boost the economy going forward, including years of being able to earn tax-free profits. The numerous incentives have created an air of excitement and […]
