Kudun and Partners represented Genpact Consulting (Singapore) Pte. Ltd., a subsidiary of Genpact (NYSE: G), an NYSE-listed global professional digital and innovation services firm on the establishment of a new entity in Thailand operating under the investment promotion with Thailand’s Board of Investment (BOI) and obtaining the Foreign Business Certificate (FBC) from the Ministry of Commerce under the category of Trade and Investment Support Office (TISO) for an estimated investment value of THB 8 million. We provided a one-stop service legal solution for the newly established entity, Genpact Consulting Services (Thailand) Company Limited, which includes tax advice related to its business structure as well as legal advice on employment, payroll management and its insurance licensing business. Our scope was also expanded to include the preparation of relevant human resource documents such as employment contracts, work rules, and termination letters to ensure compliance with Thai laws.
The time it took to complete the BOI application procedure and gain approval for the Trade and Investment Support Office, as well as the Foreign Business Certificate, was well under two months.