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For many years, the incorporation of Thai companies was regarded primarily as a routine compliance exercise. While Thai law has long prohibited nominee arrangements under the Foreign Business Act (FBA) and related legislation, substantive scrutiny of ownership structures often occurred
1. Overview On 22 January 2026, the Ministry of Interior published a new Ministerial Regulation replacing the 1960 rules governing Public Wills and related inheritance declarations. The regulation took effect on 24 March 2026 (60 days after publication). This modernisation
Sequencing State Policy and Telecom Licensing in a Layered Regulatory Framework Foreign satellite operators evaluating Thailand are not facing two separate regulatory regimes. They are navigating a layered framework in which telecommunications licensing and state-level policy considerations operate within the
Thailand’s strategic location and economic incentives make it an attractive destination for foreign investment. However, navigating its regulatory landscape requires careful planning, particularly when establishing a joint venture (JV), commonly referred to as a “Thai Majority Company”. This guide synthesises
What Actually Works Under Thai Law and in Cross-Border Engagements AI Clauses Are No Longer About Permission In sophisticated professional services engagements, particularly legal services, AI-related provisions have evolved quietly yet decisively. They no longer ask whether AI may be
Formichella & Sritawat is pleased to announce its contribution to the Technology M&A 2026 edition of the Chambers and Partners Global Practice Guide. … Read More
Thailand’s move toward implementing the 15% Global Minimum Tax (GMT) under the OECD/G20 Pillar Two framework, which Thailand is in the process of implementing through legislative and administrative measures, has implications that extend well beyond tax compliance. For Thailand’s retail
Thailand is an economic powerhouse in Southeast Asia, a vital hub for trade, investment, and regional connectivity. However, Transparency International’s 2024 Corruption Perceptions Index ranks Thailand 108th out of 180 countries, underscoring that bribery remains a significant challenge for enterprises
Thailand’s experiment with cannabis liberalisation is undergoing a profound and contentious recalibration. The Ministry of Public Health (MOPH) is advancing a new draft ministerial regulation designed to impose stringent oversight on the sector, a decisive pivot away from the largely
Foreign investors interested in Thai real estate face strict restrictions on direct land ownership under the Land Code Act. While certain indirect arrangements have historically been considered, authorities have increased enforcement against non-compliant structures, emphasizing the importance of lawful options.