In this month:
- The Free Movement of Skilled Workers in ASEAN
- Reduction of the minimum number of shareholders of Co Ltd
- The Elite Visa: here’s how!
The Free Flow of Skilled Workers in ASEAN
The comprehensive article with practical example
It has now been 15 years since the ASEAN issued the Blueprint for the Free Flow of Skilled Labor in ASEAN. Sanet Legal has taken this as an opportunity to provide an overview of the developments from the announcement until today. This article will examine the evolution of the free flow of workforce under ASEAN and give a condensed summary of the different methods used to facilitate it, with a special focus on the implementation of ASEAN principles in Thailand. A practical example will illustrate the technical provisions to make the arrangements easier to understand for our readers.
Click here to access the full article about the free movement of skilled workers in ASEAN
Only two shareholders required!
Change in law eases company formation in Thailand
Good news has reached entrepreneurs and investors in Thailand. As part of a reform of the Thai corporate structure adopted at the end of last year, the minimum number of partners required to establish a Thai limited liability company and a partnership has been reduced from three to just two. The change in the law came into effect on February 7, 2023 and therefore already simplifies company formations. Especially spouses running a joint business and Thai-foreign joint ventures will benefit from the new regulation.
The Sanet Legal team will also be happy to advise you on the topic of company formation. Book an appointment in the online calendar here!
The Thailand Elite Visa – here’s how!
Thailand’s popular premium tourist visa allows up to 20 years stay
The Elita Visa is often assumed to be the easiest option to obtain a residency permit that can be renewed for up to 20 years if the applicant is willing to pay the necessary admission fee. However, as it was conceived as a pure Tourist Visa it initially did not entitle its holders to work in Thailand. This changed at the beginning of 2022, when the possibility of obtaining a work permit was added under the condition that a large foreign investment into the kingdom was made. With the recent introduction of the new LTR Visa, the advantage of adding a work permit to the Elite Visa was strongly relativized. For wealthy expats and vacationers who do not plan to work in Thailand, the Elite Visa remains an interesting option as it offers benefits such as the use of fast-track procedure for entry and exit, assistance with the mandatory 90-day reporting to the immigration office, as well as discounts on a variety of leisure activities.
Click here to access the full overview of the Elite Visa!