On 12th November 2021, the Ministry of Commerce (“MOC”) issued its Newsletter No. 19/2021 to revoke the MOC Newsletter No. 3/2018 dated 26th July 2018 and prescribe a new priority list of goods (“Priority List”) which are permitted for foreign companies and joint venture companies to sell on demand of the market either by wholesale... Read More

On 22nd November 2021, the Directorate of Investment and Company Administration (“DICA”) issued its Notification No. 136/2021 on opening corporate bank accounts by companies and organizations incorporated under the Myanmar Companies Law 2017 (“MCL”). The DICA has found that several companies and organizations do not open their corporate bank accounts for their business operation in... Read More

On 9th November 2021, the Ministry of Commerce (“MOC”) issued its Newsletter No. 18/2021 to prescribe a new list of goods that are subject to an import license for foreign exchange control. The goods of approximately 4,498 items under the Harmonized System (HS) Codes that contain 6 digits and 10 digits HS, such as electronic... Read More

Employment and Labour Protection The Civil and Commercial Code (“CCC”) and the Labour Protection Act B.E. 2541 (1998) (“LPA”) are the major employment and labor protection laws. The CCC defines employment as a hire of work (hire of services) and provides the general requirements for duties and liabilities of employers and employees.  The LPA sets... Read More

The Government of Thailand approves and regulates FDI through several government authorities in charge under different applicable laws.  The three major authorities are discussed below. (1)   Ministry of Commerce (“MOC”) The MOC regulates and approves FDI of foreigners (defined under the Foreign Business Act B.E. 2542 (A.D. 1999) (“FBA”) as a foreign individual, a foreign... Read More