With the advent of the Internet as a means of doing business, more and more people become familiar with the escrow method of making and receiving payments. In Thailand, a new escrow business law regarding real estate has recently been enacted - we get a law firm in Thailand's perspective on how the escrow business laws will affect corporate life.

The Thai Revenue Department is currently developing laws to make sure that capital losses that are deducted on income tax return are legitimate. Thailand lawyers are now trying to decipher the impact on businesses, and thai law consulting firms and accountants must now ensure that their clients have legitimate intentions in selling assets at a loss.

A new Thai law will soon streamline the process of making complaints for consumers, as August 23 marks the beginning of effectiveness of the Consumer Case Procedures Act. We look at the details of the new law, and using business legal services to help understand the effect of the new law on your company.

Being insured or not will have far-reaching consequences in your life. Most people are still unaware of the importance insurance has in their lives. There are various kinds of insurance policies on offer. Medical and Life insurances are popular insurance schemes that can give long-term support to you and your family. You can also receive business advice for insurance regarding your business.

Contract law in Thailand is controlled by the Thailand Civil & Commercial Code (TCCC) and other Thai legal authorities. TCCC holds an extensive range of information on different civil issues, including land ownership, marriage, business relationships, etc. Thai is the language of the courts; but most contracts between private parties may be performed in English or other foreign languages.

The Kingdom of Thailand is a constitutional monarchy with a parliamentary form of government. Thailand uses a Civil Law system and its fundamental laws are demonstrated in acts of parliament. The acts are backed up by different administrative Thai laws and regulations, issued by the Thai Cabinet and permanent ministries of the Thai government.

Thailand is a good choice to invest for your business plans, and not a bad place to live at all. It is a relatively trouble-free market economy, and comparatively flexible. Therefore almost all foreign workers in Thailand adapt well and discover it reasonable and smooth to work within.

As the investment opportunities in Thailand are so lucrative, many foreigners favor the market. There have been a notable number of deals completing during high season in Phuket as well as more visitors to the sole agency projects. Wise foreigners in Thailand always go for the right choice in property purchases and this is definitely one among them.

Reporting requirements and accounting policies are decided by the Civil and Commercial Code, the Revenue Code and the Accounts Act. The accounting standards in Thailand are issued by the Institute of Certified Accountants and Auditors of Thailand.

We provide you some very essential general information and advice concerning the setting up of a company in Thailand and carrying out business there, and the working environment prevailing in Thailand.