About panwa group
Products required having license Narcotic drug schedule 3 Psychotropic substance schedule 3 and 4 Provision Cost Government Fee (new drugs) 736,000 Government Fee (generic drugs) […]
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Provision Cost • Government Fee 5,200 • Evaluation of the toxic, risks, criteria 12,000 and testing quality which does not meet benefits with labeling, and […]
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Services We provide FDA License services for these kinds of products; 1. Food 2. Drug 3. Narcotic 4. Cosmetic 5. Hazardous substance 6. Medical Device […]
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Change of accounting period Provision cost for change of accounting period Service fee is Baht 50,000.00 (the fee depends on case by case, thus, please […]
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Change of article of association Service Fee is Baht 10,000. Normally the company which do not register for the article of association will use following […]
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Service fee is Baht 48,000 per year The scope of this service includes preparing necessary documents for your companyม including providing storage for documents. We […]
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Setting up limited partnership Setting-up limited partnership follows the same process of setting up company limited, but for this case the minimum requirement is only […]
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Notary Public – Bangkok, Thailand Notary public is certifying by lawyer in Thailand , which in case you need to use the English documents to […]
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Import & export license ; company which wish to carry about import-export the goods in Thailand for the convenience to carry out their business needs to […]
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Open bank account “Provision Cost and Scope of Work” We have 2 options for this kind of service: Option 1 service fee is Baht 5,000, […]
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Registration of Increase in Paid Up Capital Provision cost for Increase Paid Up Capital – Service fee for increase capital is Baht 10,000.00 (for increase […]
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Change of Shareholder Registration “Provision Cost” Service Fee is Baht 3,000.00 Government fee is Baht (per page) 50.00 (in case of more than 1 page, […]
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Change of Director(s) Registration “Provision Cost” – Service fee is Baht 10,000.00 – Estimated Government Fees is Baht 1,450.00 (depends on coming in and out […]
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Closing of company and Liquidation of Company Provision cost for closing dormant company Service fee for registration for closing of company at DBD and Revenue […]
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Trade mark In case you have trade mark for your service or product, if you need it to be protected by law from a competitor, […]
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Treaty of Amity Provision cost for register Treaty of Amity – Service fee is Baht 35,000.00 – Government fee to submit the Application 2,000.00 – […]
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Service fee for company registration: Baht 17,000 (For company’s capital not exceeding Baht 5 million) – Guarantee completion within 3 working days and to all […]
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For companies with at least 10 employees that do not have a provident fund, an Employee welfare fund will be established to compensate the employees who resign, are laid off, or die in service. Both employers and employees will be required to contribute to this fund.
In addition to these provisions, there are restrictions on the kind of work that women and children can perform. Guidelines are set for wages and overtime, as well as resolution of labor-management disputes. The employers are required to pay worker compensation if an employee suffers injury, sickness or death in the course of work. Thai law also requires employers to provide welfare facilities, including medical and sanitary facilities.
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The maximum number of hours for non-hazardous work is 8 hours a day, but not exceeding 48 hours per week. Where the working hours of any day are less than 8 hours, the employer and employee may agree to make up the remaining working hours in other normal working days, but not exceed 9 hours per day and the total wrking hours per week shall not exceed 48 hours. In some types of work as stipulated by law, the employer and the employee may agree to arrange the period of wroking hours, but it still must not exceed 48 hours a week. Hazardous work may not exceed 7 hours a day, or 42 hours per week. The employees are entitled to no fewer than 13 national holidays per year, as well as minimum of 6 days of annual vacation after working consecutively for 1 dull year. The employees have the choice of whether they wish to work overtime or on holidays. A female employee is entitled to maternity leave for a period of 90 days including holidays, but paid leave shall not exceed 45 days.
All employees are entitled to a daily rest period of at least 1 hour after working 5 consecutive hours. The employer and the employee may arrange the daily rest period to be shorter than 1 hour at each time, but it must not be less than 1 hour a day in total. A weekly holiday of at least 1 day per week at intervals of a six-day period must be arranged by the employer.
For work performed in excess of the maximum number or working hours fixed either by law or by specific agreement (if the latter is lower), the employees must be paid overtime compensation. The rates for overtime vary and range from 1-1/2 time to 3 times the normal hourly wage rate for the actual overtime worked. The maximum number of overtime working hours is limited to not more than 36 hours a week.
The minimum age for employment is 15 years, and the works below the age of 18 are banned from dangerous and hazardous jobs. They are also prohibited from working overtime, on holidays, or between the hours of 10 p.m. and 6 a.m. A pregnant employee is also prohibited from working overtime, on holidays, or between the hours of 10 p.m. and 6 a.m. However, if she works in an executive position, or performs academic, administrative, and/ or work relating to finance or accounts, the employer may assign her to work overtime on a working day with her consent insofar as it does not effect the health of the pregnant employee.
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In general, non-Thai business and citizens are not permitted to own land in Thailand unless the land is on government-approved industrial estates However, companies that are more than 50% Thai-owned may legally own land An exception to the rule relates to projects approved by the Board of Investment. A promoted company with 50% or more of the shares held by foreigner may apply for the land ownership by submitting the appropriate form to the office of Board of Investment (OBOI). Once the land acquisition is approved, the OBOI will send a letter of approval to the applicant and will notify the Department of Land or the provincial governor.
In addition to projects approved by the Board of Investment, petroleum concessionaires may own land necessary for their activities.
Under the 1999 amendment to the Land Code, foreigners who invest a minimum of Baht 40 million are permitted to buy up to 1,600 square meters of land for residential use, with the permission of the Ministry of Interior. An investor has to maintain the investment more than 5 years.
Foreigners are also permitted to own buildings on land that is leased, because there are no restrictions on building ownership. Foreigner can, thus, lease land and build on it and are permitted to own the structure.
Foreign individuals and foreign companies are allowed to hold title to condominium units in building that qualify. The rule is that foreigner may own no more than 49% of the total units in the building at any one time. If the proposed transfer would cause the building to exceed 49% foreign ownership it would violate the above rule, and the official would reject the transfer.
Although Thailand does not yet have a requirement for an escrow account to protect the interests of the purchaser of properties, an escrow account may be voluntarily entered into by the contracting parties under the Escrow Act of May 21, 2008. Only commercial banks and finance companies under the law governing financial institutional business, and banks established under a specific law may operate as escrow agents. By placing the agreement deposits into escrow accounts, the purchaser can decrease risks. A new condominium Act significantly protects the interest of the buyers.
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