Page 7 - Introduction to Investment Laws in Thailand

Table of Contents

Preface ......................................................................................................... i
Acknowledgement ..................................................................................... ii
Table of Contents...................................................................................... iii
List of Tables ............................................................................................. vi
Table of Figures ....................................................................................... vii
CHAPTER 1 THAILAND AT A GLANCE ......................................... 1
1.1 Overview of Thai Legal System ................................................. 1
1.1.1 State Structure ................................................................... 1
1.1.2 Sources of Thai Law .......................................................... 9
1.2 Thailand’s Development Trajectory .......................................... 10
1.3 Thailand’s International Obligations Concerning Foreign
Investment .................................................................................. 16
CHAPTER 2 FOREIGN INVESTMENT ........................................... 23
2.1 Investment Policy .................................................................. 23
2.2 Law on Foreign Business ........................................................ 28
2.3 Prohibited Investment ............................................................. 35
2.4 Forms of Business Investment ................................................. 37
2.5 Investment Incentives and Encouraged Investment Sectors ........ 40
CHAPTER 3 LAND LAW .................................................................... 49
3.1 Land Law in Thailand ............................................................ 49
3.1.1 Land Allocation ............................................................... 49
3.1.2 Land ownership ............................................................... 53
3.1.3 Apartment or Condominium Ownership ............................ 58
3.2 Land price ............................................................................. 66
3.3 Lease of land ......................................................................... 67
3.4 Right over a Property with Land Trust Scheme ......................... 69
3.5 Land law for the Special Eastern Economic Corridor Policy ....... 71
CHAPTER 4 LABOUR LAW .............................................................. 75
4.1 General Employment Conditions ............................................. 75
4.1.1 Work hours and Holidays ................................................. 76
4.1.2 Overtime payment ........................................................... 77

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