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back to index backASIAtalk May,  2017


Thailand: Ease of doing business

Summary of the Order of NCPO No. 21/2560.

According to the World Bank Report in relation to Ease of Doing Business attached herewith, Thailand is ranked at 46th among 190 countries for ease of doing business. As a result, the Head of National Council for Peace and Order (NCPO), by virtue of Section 44 of the Interim Constitution of Thailand B.E. 2557, issued the Order of NCPO No. 21/2560 regarding the amendment to the law for the ease of doing business (Order) to improve and facilitate business doing in Thailand. The Order was published in the Government Gazette and has become effective on 4 April 2017.

Five legislations were amended by the Order being: (i) the Civil and Commercial Code, (ii) the Labour Protection Act B.E. 2541 (1998), (iii) the Public Limited Companies Act B.E. 2535 (1992), (iv) the Social Security Act B.E. 2533 (1990) and (v) the Bankruptcy Act B.E. 2483 (1940). Details of key amendments are summarised as follows.

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Source: DLA Piper - GAI



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