The organizations representing the foreign business communities in Thailand has opposed the decision made by Thai Immigration to apply immigration law year 1979.
For months, foreigners working and residing in Thailand have been venting about dramatically increased immigration reporting requirements under a regulation known as TM30.
Last week, the Joint Foreign Chambers of Commerce of Thailand issued a statement on the need for a reconsideration of the order and sent a letter of “concerns and recommendations” to Interior Minister of Thailand.
The communities stressed that “Ease of doing business is a hallmark of any nation`s attractiveness for trade, investment and tourism and TM30 is undoing those good achievements. Our neighbors do not have such kind of these continuous tracking requirements”
This kind of requirements on foreign national living in Thailand has caused many businessmen to rethink their investment in Thailand.
Establishing a branch office in Thailand can be more complex, costly, and timely when compared to incorporating a private limited company. However, the advantage of a branch office is that it can be 100 percent foreign-owned.
Generally, a foreign citizen who wishes to enter the Kingdom of Thailand is required to obtain a visa from a Royal Thai Embassy or a Royal Thai Consulate- General
The principal law sources in Thailand are: Criminal law; Administrative law; Immigration law; Private law; Law of Obligations; Corporate law;
Thailand’s first-ever law on personal data protection came into force on June 1, 2022. The law outlines the obligations for businesses regarding the collection and processing of personal information. The government is expected to provide a grace period for SMEs to comply with the new law.
