Power of Attorney in Thailand

Power of Attorney in Thailand

In the complex world of legal and business interactions, the Power of Attorney (PoA) arises as an important legal tool, allowing an individual the right to act on behalf of another. Thailand, with its dynamic economic environment and foreign contacts, recognizes and governs the usage of Powers of Attorney. This page delves into the subtleties of Power of Attorney in Thailand, explaining its significance, types, and execution procedures.

I. Understanding Powers of Attorney in Thailand.

A. Definition :

A power of attorney is a legal document that allows an individual, known as the “agent” or “attorney-in-fact,” to act on behalf of another person, the “principal.”
The authority conferred can be general or specialized, and it can be temporary or permanent.

B. Importance of Legal Transactions:

A power of attorney is an important tool for easing many legal and business operations, especially when the principal cannot be physically present.

C. Powers of Attorney in Thailand:

  • General Power of Attorney: Gives the agent extensive powers, allowing them to take a variety of acts on behalf of the principal.
  • Precise Power of Attorney: Limits the agent’s authority to the precise actions or transactions specified in the document.
  • Limited or Special Power of Attorney: Gives the agent authority for a defined purpose and a set time frame.
  • A durable power of attorney remains effective even if the principal becomes incompetent.
  • A non-durable or ordinary power of attorney becomes invalid if the principal becomes disabled.

II. Power of Attorney Process in Thailand.

A. Drafting the document:

The principle or their legal agent must create the Power of Attorney document.
The paper should clearly state the powers conferred, the scope of authority, and any constraints.

B. Selecting the Agent:

The principle hires a trustworthy person to serve as their agent.
The agent should be capable of carrying out the tasks indicated in the Power of Attorney.

C. Notary and Certification:

The Power of Attorney document must be notarized by a Thai Notary Public.
Notarization verifies the legitimacy of a document and is frequently required for legal recognition.

D. Translation (where applicable):

If the Power of Attorney is written in a language other than Thai, it may have to be translated into Thai.
The translated document must be connected to the original for legal purposes.

E. Legalization (where applicable):

For international use, the Power of Attorney may need to be legalized by the Ministry of Foreign Affairs or have an Apostille issued.
Legalization ensures that the document is recognized in other jurisdictions.

F. Registration (where applicable):

Certain types of Powers of Attorney, particularly those involving real estate transactions, may need to be registered with the local Land Office.
Registration provides an additional level of legal validity.

III. Applications of Power of Attorney in Thailand

A. Real Estate transactions:

Facilitating the purchase or sale of property on behalf of the principle.
Contract signing, permit application, and transaction management.

B. Financial matters:

Managing bank accounts, carrying out financial transactions, and handling investments.
Dealing with tax issues and filing on behalf of the principle.

C. Legal representation:

Representing the principal in legal proceedings, lawsuits, or negotiations.
Signing legal documents and agreements on behalf of a principal.

D. Business transactions:

Acting on behalf of the principal in commercial talks, partnerships, or contractual arrangements.
Managing corporate affairs, negotiating contracts, and making commercial choices.

IV. Conclusion.

Power of Attorney in Thailand is a significant legal tool that allows individuals to easily negotiate legal, financial, and economic concerns. Understanding the different types, processes, and applications of Power of Attorney is critical for individuals and organizations involved in various transactions. Whether facilitating real estate deals, managing financial affairs, or representing someone in legal matters, a well-executed Power of Attorney ensures that actions are taken with the legal authority and consent of the principal. It stands as a testament to the legal sophistication of Thailand, providing a framework for secure and effective delegation of authority in various aspects of life and business.

Thailand Board of Investment

Thailand Board of Investment

The Thailand Board of Investment (BOI) stands as a pivotal agency in Thailand’s economic landscape, driving foreign direct investment and spearheading economic growth. Established with a mission to attract and facilitate investments, the BOI plays a crucial role in propelling Thailand’s industrial and technological advancements. This article delves into the significance, functions, incentives, and application process of the Thailand Board of Investment, shedding light on its instrumental role in fostering business growth and development.

I. The Genesis of Thailand Board of Investment

Established in 1954, the Thailand Board of Investment is a government agency operating under the Office of the Prime Minister. It was created to encourage and facilitate both local and foreign investment in Thailand’s priority industries.

II. Objectives of the BOI

A. Promoting Investment: The primary goal of the BOI is to promote and facilitate investment in industries that align with Thailand’s economic development goals.

B. Enhancing Economic Competitiveness: By offering a range of incentives, the BOI aims to bolster the competitiveness of Thailand’s industries on the global stage.

C. Stimulating Technological Advancements: The BOI encourages the adoption of advanced technologies and innovation to drive industrial growth and enhance productivity.

III. Priority Industries and Investment Promotion

The BOI classifies industries into various categories, offering different sets of incentives to attract investments. Priority industries include sectors like manufacturing, agriculture and agro-industry, mining, and services.

IV. BOI Investment Incentives

A. Tax Privileges: The BOI offers tax exemptions or reductions on corporate income tax for a specified period, depending on the industry and location.

B. Import Duty Exemption or Reduction: Eligible projects may enjoy exemptions or reductions on import duties for machinery, raw materials, and essential components.

C. Land Ownership and Use Rights: Foreign investors can receive rights to own land for promoted activities, which is otherwise restricted.

D. Permission for Foreign Workers: The BOI provides permissions for foreign experts, technicians, and skilled workers to work in Thailand.

V. Application Process

A. Eligibility and Project Proposal: Investors must meet the eligibility criteria and submit a comprehensive project proposal detailing their investment plan.

B. BOI Application Submission: The application, along with the required documents, is submitted to the BOI.

C. BOI Evaluation and Approval: The BOI reviews the application, and upon approval, the investment project is granted BOI promotion privileges.

VI. BOI and Economic Growth

The BOI has been instrumental in attracting a substantial influx of foreign direct investment, catalyzing industrial expansion, technological advancement, and job creation in Thailand.

VII. Challenges and Future Endeavors

While the BOI has played a pivotal role in Thailand’s economic development, it continues to evolve to address new challenges and capitalize on emerging opportunities in the global business landscape.


The Thailand Board of Investment remains a cornerstone of Thailand’s economic success, driving investment, technological advancement, and industrial growth. By offering a range of incentives, the BOI continues to be a magnet for local and foreign investors, propelling Thailand’s position as a competitive player in the global market. As it adapts to new economic landscapes and embraces emerging industries, the BOI stands poised to play a pivotal role in Thailand’s future economic prosperity.

Retiring in Thailand

Retiring in Thailand

Retiring in Thailand. As the dream of retirement becomes a reality, many individuals seek an idyllic destination that offers a serene and affordable lifestyle. One such destination that has captivated the hearts of retirees around the world is Thailand. With its stunning natural beauty, warm hospitality, and a plethora of attractions, retiring in Thailand can be an enchanting experience. In this article, we will explore the advantages that Thailand offers over other countries as a retirement haven.

  1. Cost of Living:

Thailand’s cost of living is notably lower than that of many Western countries, making it an attractive choice for retirees looking to stretch their retirement savings. Accommodation, food, transportation, and healthcare expenses are generally more affordable compared to countries like the United States, Canada, or Australia. Retirees can enjoy a comfortable lifestyle without sacrificing their financial security.

  1. Welcoming Culture and Warm Hospitality:

Thailand is renowned for its friendly and welcoming culture. Thai people are known for their warm smiles and graciousness, making retirees feel at home in this tropical paradise. The Thai concept of “sanuk” (fun) is deeply ingrained in their way of life, which means retirees can expect a vibrant and enjoyable atmosphere wherever they go. The sense of community is strong, with plenty of opportunities to socialize and make new friends.

  1. Beautiful Natural Environment:

Thailand boasts an abundance of natural beauty that entices retirees to embrace an active and healthy lifestyle. From picturesque beaches and turquoise waters to lush mountains and tropical rainforests, the country offers a diverse range of landscapes. The climate is tropical, with warm temperatures year-round, allowing retirees to indulge in outdoor activities, such as swimming, hiking, golfing, and exploring the vibrant street markets.

  1. World-Class Healthcare:

Thailand has emerged as a hub for medical tourism due to its excellent healthcare facilities and highly qualified healthcare professionals. The country is home to internationally accredited hospitals and clinics that offer a wide range of medical treatments and procedures at a fraction of the cost compared to Western countries. Retirees can have peace of mind knowing that quality healthcare is readily accessible.

  1. Cultural Richness and Experiences:

Retiring in Thailand offers a unique opportunity to immerse oneself in a rich cultural heritage. From awe-inspiring Buddhist temples and ancient ruins to vibrant festivals and traditional arts, retirees can engage in a variety of cultural experiences. Thai cuisine is renowned globally, and retirees can indulge in an array of flavorful dishes while exploring local markets and street food stalls.

  1. Expatriate Communities and Services:

Thailand is home to thriving expatriate communities in popular retirement destinations such as Chiang Mai, Pattaya, Hua Hin, and Phuket. These communities provide a support network for retirees, offering social events, clubs, and activities catered specifically to their needs. Additionally, numerous services are tailored to the expatriate population, including banking facilities, legal assistance, and visa support.


Retiring in Thailand presents an enticing opportunity for individuals seeking a tropical paradise to spend their golden years. The country’s affordability, welcoming culture, natural beauty, world-class healthcare, rich cultural experiences, and expatriate communities make it stand out as a top choice for retirees worldwide. Whether it’s embracing the laid-back beach lifestyle or exploring the cultural treasures of ancient cities, Thailand offers a retirement experience that is both fulfilling and enchanting.

Foreign Business License in Thailand

Foreign Business License Application in Thailand

Foreign Business License (FBL) is a permit granted to foreign companies or investors that would like to operate in businesses that are restricted under Thai law. This is only possible when the majority of the company shares are owned by Thais.

List 2 – Businesses related to national security and culture. List 3 – Businesses that Thai are not yet ready to compete with.

The Process

A Foreign Business License (FBL) is a certification that allows you to legally operate a company in Thailand. It is a complex process that can take months to complete. For this reason, it is important to apply for a FBL with the help of a law firm. The best option is to choose a firm with extensive experience and a team of experts.

The FBA is a set of regulations that organizes business activities into three categories. These categories vary in the degree of restrictions on foreign ownership and operation. The most restrictive category is List One, which includes businesses that are reserved for Thai nationals and those that affect national security and public order, culture, traditions, folklore handicrafts and natural resources.

Businesses classified in List Two and List Three are permitted if they are promoted under the Investment Promotion Act or granted permission by the Foreign Business Committee. They must also comply with the provisions of the FBA concerning minimum capital and schedules for capital remittance.

Requirements for FBL

The requirements for a foreign business license in Thailand vary depending on the type of business and the expected privilege. The application will need to provide detailed information on the business such as financial record and supporting documents, previous business record of the company, machinery information, requirement of foreign expert and if applicable work permit & visa arrangement.

List Two: Businesses related to national safety and security or with impacts on arts, culture, traditions, folklore handicrafts or natural resources and environment. The minimum capital required for these types of businesses is set by the Ministerial Regulation.

Some businesses are exempted from the FBL, including those that are promoted under investment promotion or granted permission for the operation of industry or for trade for export or are specified in Lists Three and Four annexed to this Act or by virtue of a treaty such as the Treaty of Amity with the United States. In such cases, a majority of shares must be held by Thais.

Time Frame

Generally, it takes about four months to submit an application for a Foreign Business License. However, the time frame may vary based on the complexity of the application and the number of supporting documents required.

The Thailand Foreign Business Act (FBA) was established in 1999 to limit which types of businesses a foreigner can perform in the country. The Act organizes business activities into three categories. The first category is strictly prohibited for foreigners, the second is reserved for Thai nationals and the third is restricted under certain circumstances.

The process to obtain a foreign business license is complicated and lengthy. Typically, the application is reviewed by the Cabinet or Foreign Business Committee depending on which category the company applies for. The approval process is more likely when the authorities view the company as providing significant benefits to the country. Foreign companies that operate in Thailand under BOI privileges or US Amity Treaty may not need a foreign business license and can apply for a certificate of business operation.


The presiding MOC official in charge of the inspection will normally not allow an application to proceed until he is satisfied that all documentation has been submitted. Moreover, the MOC will not issue a foreign business license until it receives the minimum capital amount specified by ministerial regulations.

The MOC also has strict rules on intellectual property rights (IPR) relating to patents, trademarks, designs, layout-design of integrated circuits, and geographical indications. As a member of the World Trade Organization, Thailand generally adheres to international standards on IPR.

In the case of a rejected FBL, the Ministry of Commerce will notify the applicant within 15 days, in writing, and expressly state the reason for the rejection. The applicants have the right to appeal this decision. A majority of the shares in a limited company must be held by Thai shareholders or legal persons registered in Thailand. In addition, the company must remit 50 percent of its profits to the government for its first year of operations.

Representative Office in Thailand

Representative Office in Thailand

A Representative Office is a Thai business entity which is responsible for non-expenditure activities of the Foreign company. It cannot generate income and its expenditures must be borne by the head office.

Setting up a Representative Office is much easier than incorporating a branch or limited company in Thailand. The Department of Business Development usually issues a certificate within two to four weeks.

Legal Requirements

A representative office of a foreign company can engage in a wide range of activities, like buying and selling goods and rendering services. It is not subject to corporate income tax, except for interest on funds it receives from the head office.

It is allowed to report on business movements in Thailand to the head office. It can also source products and services for the head office. This helps companies save money by eliminating the cost of importing raw materials.

The representative office needs to submit documents containing the company name, capital, place, directors and authorized signatories. It should also include a description of the reason to establish the Representative Office along with its estimated budget for the first three years. It should specify the number of foreign and Thai staff, nationalities and shareholdings. Additionally, the company must provide the work permit ratio of four Thai employees for every one foreign worker. The foreign head office must also certify that the representatives are qualified to manage the business activities of the Representative Office.

Requirements for a Local Manager

The representative office acts as a liaison between the company’s head office and its offices in other countries and does research for commercial information, advising the parent office of market trends. In addition, the representative office can do marketing and exhibit samples of goods at trade fairs for the parent company.

In the past, establishing a representative office was difficult because it required a Foreign Business License (FBL) that would take months to obtain. However, now the process is much easier for foreign companies wanting to establish a presence in Thailand.

To set up a representative office, the foreign company is required to submit certified copies of its articles of incorporation and power of attorney for the local manager. These documents should be notarized and/or certified by a Thai consulate or embassy abroad. Additionally, the passport and non-immigrant visa of the local manager must be provided. Upon submission, the Department of Business Development will issue a certificate for the representative office, enabling it to commence operations within two to four weeks.

Requirements for a License

Generally, foreign companies want to set up representative offices in Thailand for market research and business support. These offices can be 100 percent foreign-owned and are allowed to hire up to two work permit holders. However, they cannot earn revenue in Thailand and are not taxable.

In order to operate a representative office, the company must submit a letter from the head office that confirms its location and financial statement. It also needs to submit a notarized power of attorney for the manager and proof of identity.

A representative office in Thailand must have at least 2 million baht in capital. It also must not engage in any revenue-generating activities and can only provide services listed under List Three (21) of the Foreign Business Act. In addition, the representative office must remit money to its head office or affiliated company/group of companies. Moreover, it can only receive funds to cover expenses, and it has no authority to accept purchase orders or offer for sale or negotiate for carrying on business with any person or juristic person.

Requirements for a Business Address

Foreign companies that wish to conduct marketing and business support activities in Thailand without obtaining a foreign business license can establish a representative office. This type of office is not allowed to earn revenue and can only provide important information back to the company’s head office.

Requirements for a representative office include an application to the Ministry of Commerce. This must contain a declaration that the applicant and their directors satisfy the requirements of Section 16 of the Foreign Business Act. Additionally, a notarized power of attorney from the foreign head office to the local manager must be submitted.

A representative office must also submit a minimum capital infusion of either 3 million baht or 25% of the estimated expenses for its first three years of operation, whichever is higher. This must be brought/transferred into Thailand according to a predetermined schedule. This is an ideal option for foreign businesses that want to test the waters in the Thai market before incorporating a company limited.

Thai Limited Company Registration

Limited Company Registration in Thailand

A Limited Company is a legal entity that can be operated for a long period of time. Normally, it cannot be dissolved easily. The first step is to reserve the name of the company. This can take a few days to complete. Then, a statutory meeting must be conducted.

Choosing a Company Name

One of the first steps in registering a business is choosing a company name. It should be unique and represent what the business does. It should also be easy to pronounce for non-English speakers. The company name should not be related to the names of governmental units or the royal family. It should also not be against public morals.

Once the company name is chosen, a statutory meeting must be held. During this meeting, the company charter and articles of association are drafted. Moreover, the responsibilities of directors and auditors are assigned at this time. In addition, it is mandatory for a limited company to have its head office located in Thailand along with a copy of house registration (Tabien Baan) number and Letter of Consent obtained from the landlord.

Memorandum of Association (MOA)

When it comes to setting up a limited company in Thailand, it is essential to prepare a Memorandum of association (MOA). This document outlines all the important details about the business, such as its financial state, shareholders list, and directors. It also ensures that the company is registered in accordance with the law and is a trustworthy investment for both investors and third parties.

One of the main requirements for a limited company is its capital requirement, which must be at least 1 million baht. The company must also have at least four local employees for each foreign worker employed, if it wants to apply for a work permit. The MOA is filed with the Department of Business Development along with a stamp duty of 200 baht. It also includes a statement of the company’s objectives and principles at the time of its formation.

Articles of Association (AoA)

A Thai company’s articles of association are a public document that outlines how the company will be run, governed, and owned. The articles can put restrictions on the company’s powers – for example, they can prohibit the directors from pursuing certain courses of action without shareholder approval. Your corporate lawyer in Thailand can help prepare the documentation and submit it to the Ministry of Commerce.

The documents should include information about the company’s structure, including details of its directors and shareholders. They should also contain a description of the purpose of the company. This is important because it demonstrates that the company has a clear purpose and will be sustainable for the long term. The documents are also enforceable against third parties, unlike private Shareholder Agreements.

Conduct a Statutory Meeting

Once the MOA has been approved by DBD, the company must hold a statutory meeting. This meeting is a crucial step in the drafting of the company charter. It will contain information such as the company name, address, intended scope of business activities, the number and type of shares issued, the signatures and details of shareholders, and a declaration that the liability of the shareholders is limited.

The company must also arrange annual shareholder meetings and submit accounts to the registrar. If a company fails to meet these requirements, it may lose its right to register. In addition, a foreign company cannot purchase land in Thailand without the cabinet’s approval. Moreover, a foreign director must retire at least once every three years. This requirement is subject to future changes in the law.

Company Registration Proper

In Thailand, the registration of a Limited Company is an important step. This process includes the reservation of a company name (in accordance with the guidelines set by the Department of Business Development) and convening a statutory meeting. This meeting should include details of the company’s shareholders, address, and registration number, intended scope of business activities, province of registered office, declaration that the liability of the directors is limited, and a list of members.

Our team of proficient lawyers, fluent in English, possesses extensive expertise in assisting entrepreneurs throughout the company registration process in Thailand. We also offer guidance on work visas and immigration matters. Our goal is to simplify and expedite the process for you, ensuring full compliance with Thai law.