Legal Update Blog

Expanding to Thailand – How the Pros do it

Expanding to Thailand – How the Pros do it

Thailand’s Foreign Business Act (FBA) has been criticized by foreign investors for 50 years already. It allows trade and services for foreigners and foreign-controlled companies only to a very limited extent. However, especially now in times of U.S.-China economic war and military turmoil in Europe, entering the market in Thailand, the hub of emerging Southeast Asia, is actually a “must do” for Western and even Chinese companies.

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Case Study: Legalization of sales in Thailand

Case Study: Legalization of sales in Thailand

A European machine manufacturer entered the Thai market through the establishment of a Representative Office. The illegal sales activities quickly attracted the attention of competitors. Therefore, the company needed to find an appropriate legal structure for their successful, albeit illegal sales operations.

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German legal firm in Bangkok calls for lawyers abroad to rethink their methods

“Many legal experts in foreign consultation view it as their primary duty to guide their clients to ensure corporate organization and the company’s goals are in line with local regulations. They think that by providing a basic explanation of the local laws and seeing you through a quick and easy company founding process, that they have fulfilled their duties to you as a client. This, however, is the wrong way to go about it, as legal consultants are there to help find smart legal solutions for each and every different business plan!” – Doctor Gunter Denk

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