Update on Thailand’s Long Term Resident Visa
On 2 June 20022, the Ministry of Interior – the ministry responsible for the implementation of immigration laws – published an announcement concerning regulations for long term resident visas (“LTR”) in the Royal Gazette (the “Announcement”). In summary, those regulations provide:
The following types of foreigners (non-Thais) are eligible for an LTR visa:
(a) Wealthy persons (see...
Thailand’s New Credit Term Regulation
By Douglas Mancill and Nat Uawithya
The Policy Rationale Behind Thailand’s Credit Regulation
Negotiated terms between commercial parties of equal bargaining power are generally considered better than dictated terms. But regulatory authorities don’t always agree.
Last year Thailand’s Trade Competition Commission (“TCC”) promulgated a credit terms regulation (the “Regulation”) intended to...