Doing business in Singapore for clients from Thailand
In the House of Lords in 1859 Singapore was described as the emporium of British trade with Siam and other places. Thai groups and families can use it today for regional holdings and private banking.
Regional holdings and a neighbouring market
Thai groups expanding across ASEAN may hold those subsidiaries through Singapore, and families may add a private bank or a family office there. Crypto-asset businesses should read two parts of the book closely. One covers Thailand’s regulation by emergency decree in 2018. The other is the Zipmex moratoria, in which a group with a Thai subsidiary went before the Singapore court.
Tax treaty and trade agreements
The double taxation agreement was signed on 11 June 2015, entered into force on 15 February 2016 and has effect from 1 January 2017. It is modified by the Multilateral Instrument, in a text dated 1 July 2022. Both countries belong to the ASEAN trade agreement (ATIGA, in force 2010), and RCEP has applied since 1 January 2022.
Below you will find the articles written for clients from Thailand as they are published, followed by the sections of the book Singapore as an International Financial Centre. Your own lawyers advise you on the law of Thailand.
Singapore as an International Financial Centre
Singapore · Book
Singapore as an International Financial Centre — preface
Singapore · Origins
A Place on the Strait: Temasek, Singapura and the Maritime Trade of the Malay World
Singapore · Origins
The Strait of Malacca as a corridor of trade
Singapore · Origins
Temasek and Singapura in the fourteenth century: archaeology and chronicle
Singapore · Origins
Malacca, Johor and the Riau archipelago
Singapore · Origins
Portuguese, Dutch and British rivalry in the Straits
Singapore · Origins
What the pre-colonial port teaches about location and trust
Singapore · Origins
A Place on the Strait: Temasek, Singapura and the Maritime Trade of the Malay World: summary
Singapore · Origins
Raffles, the East India Company and the Free Port of 1819
Singapore · Origins
The East India Company and the China trade
Singapore · Origins
Stamford Raffles and William Farquhar
Singapore · Origins
The agreements with Sultan Hussein and the Temenggong
Singapore · Origins
The free-port principle: open to every flag
Singapore · Origins
Early growth and the first merchant community
Singapore · Origins
What 1819 means for the financial centre
Singapore · Origins
Raffles, the East India Company and the Free Port of 1819: summary
Singapore · Origins
The Treaties of 1824 and the Legal Foundations of British Singapore
Singapore · Origins
The Anglo-Dutch Treaty of 1824
Singapore · Origins
The Treaty of Friendship and Alliance of 1824
Singapore · Origins
The Straits Settlements and the Second Charter of Justice
Singapore · Origins
The reception of English law
Singapore · Origins
Land, title and the security of property
Singapore · Origins
Practical consequences for today’s practitioner
Singapore · Origins