Obtaining a Tax Identification Number (Tax ID) is a mandatory requirement for paying taxes in Thailand. Depending on your income category and tax status, a Tax ID may be assigned automatically or require самостоятельного оформления. Who receives a Tax ID automatically Foreigners with a Work PermitIf you have a Work Permit in Thailand, a Tax …
Tax ID in Thailand: Who Needs It and When to Obtain It Read More »
A foreign company — for the purpose of acquiring property in Thailand — is treated as a foreign entity. Nevertheless, registering property under a legal entity may provide certain advantages, especially when it comes to future disposal of the asset. What rights can a foreign company obtain? A foreign company can act as a party …
Buying Property Through a Foreign Company: Features, Risks, and Advantages Read More »
As part of its tourism stimulus program and efforts to attract long-term visitors, Thailand has announced a new visa — the Destination Thailand Visa (DTV). While the full conditions have not yet been officially published, preliminary information is already available. Who is the DTV visa for? Key features of the visa Family inclusion Family members …
New Destination Thailand Visa (DTV): What We Know So Far Read More »
Investors in Thailand are not only constrained by legal restrictions — they are also being actively encouraged. Even if through relatively straightforward measures. What changes are being proposed? At this stage, these are announced intentions, and the regulatory framework is still under development. However, if these changes come into force, several logical questions arise. What …
Plans to Attract Investors: 99-Year Lease and 75% Foreign Quota Read More »
Since 2018, employment regulations for foreigners in Thailand have become more flexible. Previously, a foreign employee could work strictly at the address of the employer’s main office as stated in the Work Permit. Today, these restrictions are less rigid — but there are still important nuances. Working in another province If a foreign employee works …
Can a Foreigner Work Outside the Company Office in Thailand? Read More »
Foreign nationals can open bank accounts in both Thai baht and foreign currencies. Personal presence of the applicant is mandatory when opening a bank account. Who can open a bank account? Foreigners residing in Thailand under long-term visas(work visa, Thailand Elite, and others) must provide documents confirming: Banks may also request additional documents, such as: …
Shareholder rights in a Thai company directly depend on the number of shares they hold. The discussion below refers to ordinary shares, where 1 share = 1 vote. Depending on the ownership percentage, shareholders can be условно divided into several categories. Less than 20% of shares 20–25% of shares More than 25%, up to 50% …
To understand the available property ownership options for foreigners in Thailand, it is first necessary to determine the type of real estate. Each type has its own features, legal framework, and restrictions. 1. Condominium A residential complex consisting of: Each unit is registered under a separate title deed (chanote). Foreigners are allowed to purchase condominium …
How much tax will you pay before receiving net profit from your business? Let’s calculate the maximum scenario using an example of a large company (non-SME) that is a VAT payer. VAT — 7% Many consider VAT a personal expense, but legally it is added on top of the price of goods or services. For …
Sometimes, unexpected taxes appear in a company’s financial statements at year-end. One such item may be the Special Business Tax (SBT) on loan interest. A loan agreement may be informal Even if you have not signed any loan agreements, this does not mean that such loans do not exist within the company. For example: When …
