When registering a private limited company in Thailand, the Thai government requires two specific fees to be paid to the Department of Business Development.
Recently, these fees have been lowered.
Prior to this new fee amendment, fees for registering a private limited company were subject to a maximum of 25,000 baht upon filing the Memorandum of Association (MOA) and a further 250,000 baht upon finalizing the registration.
These fees, based on capitalization, could place a significant financial burden on companies.
Registration fees have now been reduced to a flat rate of 500 baht at the time of filing a MOA and another 5,000 baht when finalizing the registration.
Khao Sod reports on Thailand’s government changes on the narcotics law that will allow the sale of marijuana with a doctor’s prescription to be sold over the counter. The revision of the drug law follows the Justice Minister’s declaration last year of the failure on “the war on drugs”. Thailand now follows other developed nations on the decriminalization and implementation of more common sense regulations.
The policy is currently awaiting approval from the Cabinet, where once passed will be voted on by Junta-appointed Parliament for the final say. The Narcotics Board Control Director has inputted that from interviews with various health and law agencies that there is little opposition and predicts the same responses from law makers.
Watch ThaiLawForum’s interview with dermatologist Dr. Somyot Kittimunkong for more information on medical marijuana in Thailand:
The law, however, will not include the cultivation of the plant at home or recreational use. Doctors in Thailand still fear that the legalization of marijuana for recreational use may fall into the hands of children, damaging their developing brains. The director mentions, that although the law won’t extend that far, he didn’t rule out a future possibility based on debates.
A Thailand divorce agreement is a contract entered into by divorcing couples who can agree on important issues such as assets, child support and alimony.
On Monday, 22 executives were put on trial in Hanoi for losses of the state oil firm, PetroVietnam. The losses incurred, total to about $150 million. Among the executives was a Politburo member, who Germany claimed was kidnapped out of a park in Berlin against his will. The executives may face up to 20 years or the death penalty, based on the seriousness of their crimes.
The anti-corruption scheme is suspected to be politically driven and targeted towards those who are close to former PM Nguyen Tan Dung. The crackdown is focused on those responsible for fraud an economic mismanagement in the energy and banking industries. Of the accused, eight are suspected of embezzlement and 12 are suspected of violating state regulations on economic management.
Another executive on trial for the losses of PetroVietnam is Dinh La Thang who has been arrested and removed from his position as party head of Ho Chi Minh City. In terms of the crackdown in the banking industry, about 46 people have gone on trial in relation to Vietnam’s construction bank.