On 19th December 2023, the Cabinet approved the resolution of the National Electric Vehicle Policy Committee Meeting No. 1/2023 dated 1st November 2023 to continue the subsidiaries for the second phase of electric vehicles promotion for battery electric vehicles (“BEV”) consisting of passenger cars (seating capacity not exceeding 10 persons), pickup trucks, and motorcycles (“EV... Read More

To support Thailand’s transition towards a clean economy and development of an electric vehicles (“EV”) manufacturing hub, the Board of Investment (“BOI”) offers incentives for investment projects for the manufacturing of battery electric vehicles (“BEV”) and BEV platforms in Thailand (Category 3.8).  The key incentives and conditions are summarized below. Key conditions 1.   The investment... Read More

The companies registered in Myanmar under the Myanmar Company Law 2017 (MCL) and the regulations issued by the Directorate of Investment and Company Administration (DICA) and the branches and representative offices of foreign companies operating in Myanmar are required to prepare and file official reports and filings with the DICA through the Myanmar Companies Online... Read More

Winding up of a private limited company in Thailand takes longer time than registering it.  The Civil and Commercial Code (“CCC”) of Thailand is the main legislation that sets out the requirements and procedures for winding up of the company as summarized below.  The Articles of Associations of the company and the Shareholders Agreement (if... Read More

On 21st February 2024, the Ministry of Commerce tabled for public hearings: (1) the draft Royal Decree on Amendment to the Types of Businesses in the List Annexed to the Foreign Business Act B.E. 2542 and (2) the draft Ministerial Regulation on Prescription of Businesses Which Do Not Require a Foreign Business License (“Draft MR”)... Read More