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On February 3, 2017, another meeting took place between Thailand Elite and the consulting agency Invest East. During the meeting, the President of Thailand Elite, Pruet Boobphakam, and Development Director Alexandra Agapitova discussed the key issues faced by Thailand Elite cardholders, as well as the club’s development priorities and ways to improve the level of …

Meeting Between Invest East and the President of Thailand Elite Read More »

I’m not going to tell anyone what kind of business to start or in which city. And I’m certainly not here to promote Pattaya. Every location has its pros and cons, and the specifics of the business should always come first. However, when it comes to company registration, obtaining a work permit, and a business …

Business Registration: Pattaya vs Bangkok Read More »

We have compiled answers to the most frequently asked questions regarding the application and use of the Thailand Elite visa. If you cannot find the answer to your question, please contact us in any convenient way. You can ознакомиться с descriptions and pricing of different Thailand Elite membership options via the provided link. 1. Application …

Frequently Asked Questions About the Thailand Elite Visa Read More »

Feel Like a VIP Thailand is a welcoming country in every sense—especially for tourists, and especially for those who spend money. However, the duration of stay is quite limited. It is generally assumed that two months (the standard tourist visa period) is enough for an average foreigner to enjoy their stay and return home. If …

Thailand Elite: Premium Visa for 5–15 Years Read More »

The value-added tax (VAT) rate in Thailand has been maintained at 7% for another year. The previous regulation was set to expire on September 30, 2016. VAT was first introduced in Thailand in 1992 at a rate of 10%, but was immediately reduced to 7% at the request of the business community and has remained …

VAT Rate Maintained Read More »

Prime Minister Prayut Chan-o-cha has reminded residents of Thailand of the importance of fulfilling their tax payment obligations to the state. He also warned that any attempts to evade taxes may result in audits covering the past five years of tax payments. The Prime Minister emphasized that the government will strictly monitor compliance with tax …

Government Reminds of Tax Payment Obligations Read More »

The Board of Investment Thailand has set new targets to attract investments totaling 550 billion Baht this year, compared to 450 billion Baht in the previous year. According to Deputy Prime Minister Somkid Jatusripitak, the BOI needs to improve and accelerate its internal processes—both domestically and in its overseas offices—to attract new investments, particularly from …

New BOI Investment Targets Read More »

Taxes are always a relevant and unavoidable topic. Fortunately, in Thailand, recent developments—especially regarding personal income tax—have generally been positive. At the time, the tax rates established in 2013 were still in force. The main goal—to reduce undeclared “cash-in-hand” salaries—has largely been achieved through a progressive tax system, along with deductions and allowances that reduce …

Personal Income Tax in Thailand (2017 Update) Read More »

Can a foreigner rent out their condominium unit on a daily basis? And can they do so without a work permit? Here is what the current laws say. Condominium Act The Condominium Act Thailand does not contain a direct prohibition on short-term rentals. However, it does restrict commercial activities to specifically designated areas and requires …

Short-Term Rental of a Condominium Unit Read More »

On August 9, 2016, the Thai Cabinet approved tax incentives for small and medium enterprises registered as legal entities. According to Natthaporn Jatusripitak, the new incentives include: These incentives were set to remain in effect until December 31, 2017. To qualify, companies must meet the following criteria: Source: bangkokpost.com