Thailand goes abroad:
Thai outbound investment support
PUGNATORIUS Ltd. is the Bangkok-based specialist provider of transactional legal and tax advice on foreign investments in Thailand’s manufacturing and service industries as well as property acquisition and developments. Thai outbound investments and the representation of the foreign target firm in its dealing with Thai regulations are a specific area of experience and competence of the law firm.
Thai investments abroad, also known as “Outward Foreign Direct Investments” gain in importance. Thailand’s Board of Investment (BOI), as well as other government agencies, promote the acquisition or cross-border financing of foreign companies, or other ways of OFDI. PUGNATORIUS Ltd. held in 2019 a conference in the offices of the BOI lecturing on legal, tax and compliance requirements and long-term experiences with Thai outbound investments.
Investment opportunities for foreign companies and developers
With respect to outbound foreign direct investments, the law firm provides professional services mainly in these areas:
Thai companies: PUGNATORIUS Ltd. supports and assists Thai companies by advice and assistance on the Thai requirements for outward investments in foreign countries, legal investment aspects, tax planning considerations, banking compliance requirements, and financing aspects. OFDI restrictions through foreign laws and regulations, legal aspects, regulations, tax planning, financing.
Foreign targets: The law firm supports and assists foreign companies in their dealings with Thai investors and Thai regulatory requirements. It screens the potential Thai investor for veracity, economic and political background, financial potential, business reliability, identity theft, scams and fraud. It examines the scope of required licenses and permissions and clearance papers under Thai laws for the share acquisition (foreign investment authorization certificate, foreign investment approval license, investment clearance papers).
Scam alert: Thailand’s regulatory framework does not require the foreign target of a Thai investment to carry out a fee-based registration for a security bond process, foreign remittance clearance, etc. Such requests base typically on identity thefts from prominent Thai individuals. Any advance payment desire is a strong indication of a scam. PUGNATORIUS Ltd. examines legal and regulatory requirements and policies for Thai outbound financings and cross-border money transfers. The law firm assists in the applications and negotiations with governmental authorities and agencies. Finally, it provides transaction support during the whole investment process from Thailand on behalf of the foreign target.
Rules of engagement: Free industry updates and professional considerations on Thai outbound investments are available on the law firm’s webpage pugnatorius.com/ofdi. These posts can provide only a low-resolution snapshot and are neither deemed to be legal advice nor do they result in an attorney-client relationship. Each case is different. Telephone inquiries and ad-hoc email requests on Thailand’s legal and regulatory framework without details and documentation are not accepted by the law firm. Individual support and professional advice are available under a paid consultancy agreement only.