Doing business in Frankfurt
Frankfurt is a global hub for commerce, culture, education, tourism and traffic. It is the most important financial centre of the European continent, with the HQs of the European Central Bank, German Federal Bank, Frankfurt Stock Exchange, Deutsche Bank, Commerzbank, DZ Bank, KfW, several fintech startups and other institutes. Messe Frankfurt is one of the world’s largest trade fairs. Major fairs include the Frankfurt Motor Show, the world’s largest motor show, and the Frankfurt Book Fair, the world’s largest book fair. The law firm advises foreign investors how to do business in Frankfurt and other parts of Germany.
The German Foreign Business Act
While Thailand’s legal system comprises strict rules to limit foreign business activities, foreign acquisition of real estate and residence permit, Germany is much more open to foreign investors. In general, there are no restrictions or additional requirements to set-up a foreign owned business in Germany. This creates a leveled playing field for Thai and other foreign investors to compete with domestic corporations in Germany. An exception to this rule are the provisions of the Foreign Business Act (“Aussenwirtschaftsgesetz”), also translated as Foreign Trade and Payments Law or Foreign Trade Act, enhanced and specified by a governmental regulation (“Außenwirtschaftsverordnung”). However, this legislation has to be seen as a very specific exception rule for […]
German publication – Company laws of the world: Thailand
On June 2016 the law firm released the first German language reference book on Thailand’s company laws. The book is published by German’s oldest publishing house C.H.Beck (established 1763). It is part of the renowned collected edition “Company laws of the world” with one of the most prestigious German law firms as lead editor. The reference book has been attentively written over a period of two years by the lawyers of PUGNATORIUS in Bangkok. It reflects the jurisdiction of Thailand’s Supreme Court as well as current industry practice, accompanied by an apparatus of academic footnotes with references to important documents, related subjects and official publications. The reference book can be acquired at any German specialist […]
