Everyone is well aware of the “draconian” laws concerning foreign businesses in Thailand. A company must have the status of a Thai legal entity, which means that foreigners must own less than 50% of the shares. To officially employ one foreign worker, a company must have registered capital of at least 2 million baht and …
The Thailand Board of Investment (BOI) has approved a new investment strategy for 2015–2021 aimed at promoting high technology, eco-projects, as well as research and development. The strategy will focus on seven sectors: agro-industry and agricultural products; minerals, ceramics, and base metals; light industry; metal products, machinery, and transport equipment; electrical engineering and electronics; chemicals, …
New Investment Strategy of the Board of Investment for 2015–2021 Read More »
The Ministry of Industry Thailand has approved 158 out of 241 applications submitted last month for factory operation licenses (officially known as Ror. Ngor. 4). According to the Permanent Secretary of Industry, Witun Simachokdee, since July 1, 2014, the Department of Industrial Works under the Ministry of Industry has reduced the processing time for issuing …
Processing Time for Factory Operation Licenses Reduced Read More »
Once again, we return to the topic of taxation—always relevant and inexhaustible. In this article, we will review the main types of taxes paid by legal entities in Thailand and provide recommendations for creating a company’s tax plan. Corporate Income Tax Definition: A direct tax levied on companies conducting business in Thailand or earning income …
There is no universal answer to the simple question of how much it costs to register a company in Thailand. Initial expenses and ongoing maintenance costs depend on the purpose of the company, its business activities, number of employees, and other factors. Let’s look at the main options for company registration depending on objectives: As …
Company in Thailand: Registration and Maintenance Read More »
On June 19, 2014, the consulting agency InvestEast held a seminar titled “Real Estate Transactions: Preparation, Registration, Taxation.” The event took place at the office of Global Top Group in Pattaya. More than 40 participants attended the seminar, including directors and top managers of real estate agencies, development companies, as well as construction and industrial …
Seminar “Real Estate Transactions: Preparation, Registration, Taxation” Read More »
No matter your purpose for coming to Thailand—whether for vacation, study, or work—the first step is always obtaining the appropriate visa. At first glance, the process seems simple: gather documents, submit them to a Thai consulate, and receive your visa. However, there are many nuances that are worth understanding in advance. Descriptions of visa types …
Visa Conditions: Important Nuances You Should Know Read More »
On May 15, 2014, a seminar titled “Taxes and Accounting at an Enterprise, Primary Documentation Management” was held at the office of the consulting agency InvestEast. This event was the first in a planned series of legal-focused seminars. The seminar was led by Alexandra Agapitova, Development Director of InvestEast and a business consultant with many …
Seminar “Taxes and Accounting at an Enterprise, Primary Documentation Management” Read More »
Investments, investments… Anyone who comes into possession of a certain amount of money eventually asks how not only to preserve it but also to grow it. At this point, an ordinary person becomes an investor and begins exploring options to find the most suitable one. Ideally, of course, risks should be minimal and returns as …
What is an ideal transaction? The buyer and seller agree on the price, payment terms, and the date for transferring ownership at the Land Department. Everything seems smooth—so where do unexpected issues come from? Additional costs, delayed documents, incorrectly prepared paperwork… These issues arise quite often. This article will help you complete a real estate …
Buying a Condominium Unit: Tips for Beginners and Professionals Read More »
