Thailand: Investor´s Checklist

Last Updated: 19 July 2001
Article by Ladda Phenpol


I General Considerations

Business Climate

Competitive Advantages

Contracts and Business Activities

Courts and Judicial System

Culture, Customs and Traditions, The Arts


Diplomatic Relations


Economic Zones



Exchange Control

Expropriation, Nationalization, Confiscation

Financial System


Government Approvals/Permissions


Intellectual Property Protection

International Organizations and Specialized


Investment Climate

Investment Promotion

Joint Ventures




Legal Climate

Markets and Marketing

Moral Hazards

National Development Plans

Natural Resources

Neighboring Countries

Newly Agriculturalized Country (NAC) Status

Newly Industrialized Economies (NIE), Thai Style

Newly Industrialized Country (NIC), Thai Style

Political Stability

Quality of Life

Rule of Law

Taxation System


Treaties and Their Effects

Underground Economy



II Structure And Location Of The Enterprise

Agency and Distributorships

Board of Investment (BOI)

Corporate Structure (Public/Private)

Countertrade/ Barter


Data Processing Zone

Eastern Seaboard Development Projects

Export Processing Zones

Factories/ Specialized Facilities


Industrial Estates

Industrial Promotion

Joint Ventures

Juristic Persons



Maps and Coastal Charts

Parent Company Liability



Private Limited Company

Public Limited Company (Listed Company)

Real Estate Development

Southern Seaboard Development Projects

Town Planning




III Operating The Enterprise

Advertising and Promotion

Air Transport

Alien Business Law

Alternative Dispute Resolution

Anti-Dumping Laws

Anti-Profiteering/Price Control Laws

Anti-Trust Laws


Audit Committee


Automobiles/ Trucks/ Offroad Vehicles




Business Ethics/ Codes

Business Organizations

Business Practices

Business Support Services

Carriage of Goods and Passengers


Civic Responsibilities/ Involvement of Commercial


Claims and Litigation

Collection of Indebtedness

Commercial Registration


Computer Information Transactions



Consumer Protection Laws



Corporate Governance


Counterfeit Goods


Courts and Judicial System

Cross Cultural Issues


Directors' and Officers' Liability

Directors' and Officers' Liability Insurance

Directors' and Officers' Responsibilities

Electronic Commerce


Employer-Employee Relations

Employment Agencies/Executive Search Firms


Environmental Protection/Conservation

Expediters/ Consultants/ Fixers/ Compradores/


Export Promotion

Feasibility Studies

Financial Reporting

General Agreement on Tariffs and Trade (GATT)

Generalized System of Preferences (GSP)

Good Corporate Governance

Government Approvals/Permissions


Human Resources/Manpower


Industrial Standards



Intellectual Property

ISO 9000




Land Transport




Legal System

Licenses/ Permits


Non-Tariff Barriers

Parent Company Liability


Pension Funds

Political Risk Insurance



Price Controls

Product Licensing/ Registration

Safety Standards

Sale of Goods

Service Marks



Social Security

State Enterprises



Technology Transfer/ Technology Acquisition


Toxic and Hazardous Substances

Trade Associations, Chambers of Commerce,

Business Councils

Trade Regulations


Trade Names


Transborder Data Flow


Unfair Competition

Unfair Trade Practices




Weights and Measures

Work Rules

World Trade Organization (WTO)

IV Financial Considerations

Accounting and Auditing

Banking and Financial Facilities

Capital Financial Markets


Credit Cards/Charge Cards

Credit Checking


Documentary Credits

Exchange Control

Financial Services

Foreign Investment


Interest Rates

Money Laundering Regulations


Royalties/ Franchise/ Dividends/ Profits

Secured Transactions

Stock Exchange (Securities Exchange of Thailand - SET)


Venture Capital

V Legal Considerations

Administrative Regulations

Alien Business Law

Alternative Dispute Resolution

Anti-Dumping Laws

Anti-Profiteering/ Price Control Laws

Anti-Trust Laws





Civil Law vs Common Law

Collection of Indebtedness

Conflict of Laws

Consumer Protection



Courts and Judicial System


Debt Restructuring

Directors' and Officers' Liability

Directors' and Officers' Liability Insurance

Directors' and Officers' Responsibilities

Environmental Protection/ Conservation

Intellectual Property


Labor Laws




Pollution Liability

Power of Attorney

Product Registration

Property Rights of Aliens

Rule of Law

Secrecy and Non-Competition Agreements


Torts/Wrongful Acts

Treaties and Their Effects

Unfair Trade Practices


VI Governmental And Political Considerations



Business Regulations

City Government

Commercial Registration



Coup d'Etat




Counselors and Trade Commissioners

Environmental Protection/Conservation

Export Promotion

Food and Drug Administration

Foreign Trade Regulations



Human Resources

Intellectual Property

International Relations and Foreign Influences

Investment Regulations




National Security

Natural Resources

Non-Governmental Organizations

Non-Tariff Barriers

Nuclear Capability



Political Risk Insurance

Political Stability

Population Planning/ Control


Product Licensing/ Registration


State Enterprises

Town Planning


Treaties and Their Effects

VII Social And Cultural Considerations


Charities and "Charities"

Community Services of Bangkok


Cost of Living

Cross Cultural Issues

Customs and Traditions


Embassies/ Consulates

Environmental Protection/ Conservation




Medical Facilities

National Consciousness

Non-Governmental Organizations

Personal Matters

Population Planning/Control

Quality of Life


Role of the Monarchy

Schools for Expatriate Children

Social Classes


Substance Abuse

"The Thai Way"



VIII Expatriate Employees Of The Enterprise


Automobiles/Trucks/Offroad Vehicles

Community Services of Bangkok


Cost of Living

Crime and Security

Cross-Cultural Awareness

Domestic Servants

Drivers Licenses


Employer-Employee Relations

Employment Contracts

Expatriate Permits

Foreign Court Judgments

Health and Medical Facilities


Immigration and Nationality

Land/Condominium Ownership

Language Training


Property Rights of Aliens

Quality of Life

Schools for Expatriate Children

Sports (Golf/ Tennis/ Water/ Fishing/ Squash/ Badminton, etc.)




Volunteer Services/Charities

Work Permits and Other Restrictions on Freedom of Movement, Residence and Work


The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

To print this article, all you need is to be registered on

Click to Login as an existing user or Register so you can print this article.

Some comments from our readers…
“The articles are extremely timely and highly applicable”
“I often find critical information not available elsewhere”
“As in-house counsel, Mondaq’s service is of great value”

Related Topics
Related Articles
Up-coming Events Search
Font Size:
Mondaq on Twitter
Mondaq Free Registration
Gain access to Mondaq global archive of over 375,000 articles covering 200 countries with a personalised News Alert and automatic login on this device.
Mondaq News Alert (some suggested topics and region)
Select Topics
Registration (please scroll down to set your data preferences)

Mondaq Ltd requires you to register and provide information that personally identifies you, including your content preferences, for three primary purposes (full details of Mondaq’s use of your personal data can be found in our Privacy and Cookies Notice):

  • To allow you to personalize the Mondaq websites you are visiting to show content ("Content") relevant to your interests.
  • To enable features such as password reminder, news alerts, email a colleague, and linking from Mondaq (and its affiliate sites) to your website.
  • To produce demographic feedback for our content providers ("Contributors") who contribute Content for free for your use.

Mondaq hopes that our registered users will support us in maintaining our free to view business model by consenting to our use of your personal data as described below.

Mondaq has a "free to view" business model. Our services are paid for by Contributors in exchange for Mondaq providing them with access to information about who accesses their content. Once personal data is transferred to our Contributors they become a data controller of this personal data. They use it to measure the response that their articles are receiving, as a form of market research. They may also use it to provide Mondaq users with information about their products and services.

Details of each Contributor to which your personal data will be transferred is clearly stated within the Content that you access. For full details of how this Contributor will use your personal data, you should review the Contributor’s own Privacy Notice.

Please indicate your preference below:

Yes, I am happy to support Mondaq in maintaining its free to view business model by agreeing to allow Mondaq to share my personal data with Contributors whose Content I access
No, I do not want Mondaq to share my personal data with Contributors

Also please let us know whether you are happy to receive communications promoting products and services offered by Mondaq:

Yes, I am happy to received promotional communications from Mondaq
No, please do not send me promotional communications from Mondaq
Terms & Conditions (the Website) is owned and managed by Mondaq Ltd (Mondaq). Mondaq grants you a non-exclusive, revocable licence to access the Website and associated services, such as the Mondaq News Alerts (Services), subject to and in consideration of your compliance with the following terms and conditions of use (Terms). Your use of the Website and/or Services constitutes your agreement to the Terms. Mondaq may terminate your use of the Website and Services if you are in breach of these Terms or if Mondaq decides to terminate the licence granted hereunder for any reason whatsoever.

Use of

To Use you must be: eighteen (18) years old or over; legally capable of entering into binding contracts; and not in any way prohibited by the applicable law to enter into these Terms in the jurisdiction which you are currently located.

You may use the Website as an unregistered user, however, you are required to register as a user if you wish to read the full text of the Content or to receive the Services.

You may not modify, publish, transmit, transfer or sell, reproduce, create derivative works from, distribute, perform, link, display, or in any way exploit any of the Content, in whole or in part, except as expressly permitted in these Terms or with the prior written consent of Mondaq. You may not use electronic or other means to extract details or information from the Content. Nor shall you extract information about users or Contributors in order to offer them any services or products.

In your use of the Website and/or Services you shall: comply with all applicable laws, regulations, directives and legislations which apply to your Use of the Website and/or Services in whatever country you are physically located including without limitation any and all consumer law, export control laws and regulations; provide to us true, correct and accurate information and promptly inform us in the event that any information that you have provided to us changes or becomes inaccurate; notify Mondaq immediately of any circumstances where you have reason to believe that any Intellectual Property Rights or any other rights of any third party may have been infringed; co-operate with reasonable security or other checks or requests for information made by Mondaq from time to time; and at all times be fully liable for the breach of any of these Terms by a third party using your login details to access the Website and/or Services

however, you shall not: do anything likely to impair, interfere with or damage or cause harm or distress to any persons, or the network; do anything that will infringe any Intellectual Property Rights or other rights of Mondaq or any third party; or use the Website, Services and/or Content otherwise than in accordance with these Terms; use any trade marks or service marks of Mondaq or the Contributors, or do anything which may be seen to take unfair advantage of the reputation and goodwill of Mondaq or the Contributors, or the Website, Services and/or Content.

Mondaq reserves the right, in its sole discretion, to take any action that it deems necessary and appropriate in the event it considers that there is a breach or threatened breach of the Terms.

Mondaq’s Rights and Obligations

Unless otherwise expressly set out to the contrary, nothing in these Terms shall serve to transfer from Mondaq to you, any Intellectual Property Rights owned by and/or licensed to Mondaq and all rights, title and interest in and to such Intellectual Property Rights will remain exclusively with Mondaq and/or its licensors.

Mondaq shall use its reasonable endeavours to make the Website and Services available to you at all times, but we cannot guarantee an uninterrupted and fault free service.

Mondaq reserves the right to make changes to the services and/or the Website or part thereof, from time to time, and we may add, remove, modify and/or vary any elements of features and functionalities of the Website or the services.

Mondaq also reserves the right from time to time to monitor your Use of the Website and/or services.


The Content is general information only. It is not intended to constitute legal advice or seek to be the complete and comprehensive statement of the law, nor is it intended to address your specific requirements or provide advice on which reliance should be placed. Mondaq and/or its Contributors and other suppliers make no representations about the suitability of the information contained in the Content for any purpose. All Content provided "as is" without warranty of any kind. Mondaq and/or its Contributors and other suppliers hereby exclude and disclaim all representations, warranties or guarantees with regard to the Content, including all implied warranties and conditions of merchantability, fitness for a particular purpose, title and non-infringement. To the maximum extent permitted by law, Mondaq expressly excludes all representations, warranties, obligations, and liabilities arising out of or in connection with all Content. In no event shall Mondaq and/or its respective suppliers be liable for any special, indirect or consequential damages or any damages whatsoever resulting from loss of use, data or profits, whether in an action of contract, negligence or other tortious action, arising out of or in connection with the use of the Content or performance of Mondaq’s Services.


Mondaq may alter or amend these Terms by amending them on the Website. By continuing to Use the Services and/or the Website after such amendment, you will be deemed to have accepted any amendment to these Terms.

These Terms shall be governed by and construed in accordance with the laws of England and Wales and you irrevocably submit to the exclusive jurisdiction of the courts of England and Wales to settle any dispute which may arise out of or in connection with these Terms. If you live outside the United Kingdom, English law shall apply only to the extent that English law shall not deprive you of any legal protection accorded in accordance with the law of the place where you are habitually resident ("Local Law"). In the event English law deprives you of any legal protection which is accorded to you under Local Law, then these terms shall be governed by Local Law and any dispute or claim arising out of or in connection with these Terms shall be subject to the non-exclusive jurisdiction of the courts where you are habitually resident.

You may print and keep a copy of these Terms, which form the entire agreement between you and Mondaq and supersede any other communications or advertising in respect of the Service and/or the Website.

No delay in exercising or non-exercise by you and/or Mondaq of any of its rights under or in connection with these Terms shall operate as a waiver or release of each of your or Mondaq’s right. Rather, any such waiver or release must be specifically granted in writing signed by the party granting it.

If any part of these Terms is held unenforceable, that part shall be enforced to the maximum extent permissible so as to give effect to the intent of the parties, and the Terms shall continue in full force and effect.

Mondaq shall not incur any liability to you on account of any loss or damage resulting from any delay or failure to perform all or any part of these Terms if such delay or failure is caused, in whole or in part, by events, occurrences, or causes beyond the control of Mondaq. Such events, occurrences or causes will include, without limitation, acts of God, strikes, lockouts, server and network failure, riots, acts of war, earthquakes, fire and explosions.

By clicking Register you state you have read and agree to our Terms and Conditions