The Government of Thailand has decided to maintain the VAT rate at 7 percent for another year. This regulation will be effective from October 1, 2018 to September 30, 2019. For your information, VAT was introduced in Thailand in 1992 at a rate of 10 percent, but was later reduced to 7 percent and has …
An office is the face of your company. Clients will judge you by your office, but they are not the only ones. Government authorities involved in company registration and licensing will also evaluate your office first. Who will inspect your office?Office photos, both inside and outside with signage, must be submitted to the Social Security …
What are the features of registering a company with share capital of 5 million baht or more. First, such a company will no longer be classified as a small or medium-sized enterprise (SME), and corporate income tax will be charged at the standard rate of 20 percent, rather than the progressive rate applicable to SMEs. …
Company Registration with Share Capital Exceeding 5 Million Baht Read More »
Do you want to start your own business in Thailand. The first and most important step is to gather information that will allow you to create a clear business plan. For example, if you are opening a restaurant, the information you will need first includes. Required licenses, requirements for the company and premises to obtain …
Market Research: The First Step to a Successful Business in Thailand Read More »
Everyone knows that if you own real estate or other assets in Thailand, it is important to prepare a local will. But why. What happens if there is no will. In Thailand, as in Russia, inheritance can be obtained according to the law. There are six classes of relatives, and each class inherits in order …
On June 22, 2018, another working meeting between InvestEast and Thailand Elite took place. During this meeting, the new Sales Director, Khun Saravuth Wongsomnuk, was introduced. InvestEast discussed future plans for promoting Elite visas, as well as current matters concerning clients and partners. Thailand Elite offers visas and privileges provided by the government company Thailand …
When entering into a loan agreement, both the borrower and the lender need to understand their rights and obligations, as well as the possible consequences of violating applicable legislation. In 2017, the Thai law “On the Prohibition of Charging Excessive Interest” came into force. This law establishes strict penalties for lenders who charge excessively high …
How to dismiss an employee if they have not violated the employment contract? If an employee has not breached the terms of the employment contract, has not been absent without leave, and has not committed theft, the best solution is, of course, to reach an agreement and terminate the employment relationship by mutual consent. If …
Severance Pay Paid to an Employee Upon Termination Read More »
On 22 May 2018, our first seminar in Bangkok took place on the topic “Organizing and Running a Business in Thailand.” The seminar was held in the conference hall of the Russian Educational Center “Matryoshka.” We had conducted a seminar on the same topic one week earlier in Pattaya. However, the participants in Bangkok were …
Organizing and Running a Business in Thailand. Seminar in Bangkok on 22 May 2018. Read More »
On 17 May, consulting agency InvestEast held a seminar in Pattaya, Thailand, on the topic “Organizing and Running a Business in Thailand.” The seminar in Pattaya was broadcast online, allowing participants from different cities and countries to take part in the event. This time, we provided a detailed overview of preparing to start a business, …
Organizing and Running a Business in Thailand. Seminar in Pattaya on 17 May 2018. Read More »
