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Surat Thani, Thailand Attorneys in related practice areas.
Browse our 9 legal questions about Business in Thailand and the lawyer answers, or ask your own questions for free.
Surat Thani, a city located in Southern Thailand, is known for its thriving business environment. As such, business law here is a blend of traditional Thai laws and modern international standards to manage growing trade, partnerships, and enterprises. Business law primarily focuses on the establishment of companies, agreement drafting, registrations, patents, copyrights, mergers, acquisitions, and tax regulations.
Doing business in a foreign country brings unique challenges and Thailand is no exception. You may need a lawyer for numerous reasons including the formation of your business, compliance with local regulations, understanding local labor laws, drafting contracts, acquisition of another company, disputes, and bankruptcy. A local lawyer provides valuable support, ensuring that your business aligns with local and national regulations while navigating through the complexities of Thai legal system.
Local laws in Surat Thani are primarily governed by the Thai Civil and Commercial Code. Key issues covered include starting a business, labor laws, contracts, property, and taxation. There are varied forms of business organizations as per the code - sole proprietorship, partnership, limited companies or joint ventures. Thailand also has strict labor laws that cover working hours, payment, welfare, and termination procedures. Any breach of these laws can result in severe penalties, hence it's crucial to adhere to them.
1. Can a foreigner own a business in Surat Thani, Thailand?
Foreigners can own businesses in Thailand but certain restrictions may apply in terms of the percentage of foreign ownership. Typically, companies require a certain number of Thai shareholders.
2. What is the basic corporate income tax rate in Surat Thani, Thailand?
The standard corporate income tax (CIT) rate is 20%, although it varies depending on revenue and the nature of the business.
3. Are foreign employees allowed to work in Surat Thani?
Yes, foreign employees are allowed to work in Surat Thani but they must obtain a valid work permit and visa.
4. What are the regulations on business hours in Surat Thani?
Business hours are typically 8 hours a day and 48 hours a week. Overtime is subject to additional pay and consent.
5. How can a business dispute be resolved in Surat Thani, Thailand?
Business disputes are usually resolved through litigation in court, but alternative dispute resolution methods such as arbitration and mediation are also common.
For extra help, turn to resources such as the Department of Business Development, Thailand's Board of Investment, Office of the National Anti-Corruption Commission, Department of Employment, and Office of the Legal, Council of State. These organizations provide significant resources related to business law, labor, corruption, dispute resolution, and more.
If you need legal assistance in business, the first step is consulting a local lawyer who is experienced in business law. They will guide you through the laws applicable to your situation and advise on your rights, obligations, and best course of action. It's advisable to engage a local lawyer who understands the language and legal landscape in Surat Thani.
