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 »
When preparing to register a company, one of the most common questions is how long the entire process of company registration and obtaining a Work Permit (WP) may take. Below is an approximate timeline for registration, taking into account the search for an office and Thai employees, with the final stage being the extension of …
How Long the Company Registration and Work Permit Process May Take Read More »
If you remain in Thailand continuously for more than 90 days, once this period has expired, and every 90 days thereafter, you must submit a notification to the Immigration Office using Form TM47. What happens if the report is overdue. The penalty for failure to comply with this requirement is usually THB 2,000, but it …
1. Does InvestEast provide a temporary company address until the registration process is completed. Before an office lease agreement is signed, our office may be used as a temporary address. Having your own office is mandatory by the time an annual business visa is obtained for a foreign employee. 2. What requirements apply to the …
Company Office: Answers to Frequently Asked Questions Read More »
Before entering into a sale and purchase transaction for a condominium unit, it is necessary to verify the title documents, the appraised cadastral value of the property, and the amount of taxes and fees payable upon registration of the transaction. Taxes and fees are calculated based on whichever amount is higher: the appraised value or …
99% of wills are drafted immediately after purchasing a condominium. Is it necessary to make a will if You do not own real estate in Thailand? Firstly, a will can include not only real estate but also other assets, including cars, motorcycles, funds in bank accounts, and more. Secondly, real estate (other than condominium units) …
Why may the total rate of taxes and fees vary upon transfer of ownership. The rates of transfer fee, Specific Business Tax, stamp duty, and withholding tax (where the seller is a legal entity) are established as a percentage of the property value. If the seller is an individual, the withholding tax is calculated using …
Purchasing a Condominium Unit: Calculation of Withholding Tax Read More »
