Recently, clients and agents have increasingly been asking about the advantages and specifics of purchasing real estate through a company registered in the BVI (British Virgin Islands). This ownership structure has both pros and cons that should be carefully considered. What is a BVI company? A BVI company is an offshore entity registered in the …
Taxation of transactions involving services provided to foreign companies, as well as services received from foreign companies, has its own specifics. If you are engaged in the import/export of services, it is important to carefully consider VAT and withholding tax obligations. If these aspects are not taken into account when structuring a deal and pricing …
On June 9, 2022, cannabis was removed from the list of controlled narcotic substances. The public largely interpreted this as a green light for action. Within a month and a half, Thailand turned into a cannabis hub of Southeast Asia, with numerous shops and cafés opening where cannabis products with varying THC levels could be …
Cannabis, Marijuana, Hemp — Legalization in Thailand Read More »
In which cases can foreigners fully own a legal entity established in Thailand: — BOI / IEAT-promoted companies, provided their business activities do not fall under List 1 of the Foreign Business Act — Representative offices of foreign companies that do not engage in business activities — Export companies, provided that goods are sold exclusively …
When Can a Company Be Fully Foreign-Owned in Thailand? Read More »
There are several possible options for relocating specialists or a company to Thailand: 1) Registering a Thai company and employing foreign specialists (Non-B visa + Work Permit) — Allows legal employment after obtaining a work permit, typically in the company’s office— Family members (spouse and children) can be attached to the visa— Annual extensions of …
The Smart Visa is a relatively new type of visa designed to attract highly qualified foreign professionals, executives, entrepreneurs, and investors who wish to work or invest in Thailand’s targeted industries: — Biofuels and biochemicals— Digital economy— Medical hubs— Automation and robotics— Aviation and logistics— Environmental management and renewable energy— Alternative dispute resolution— Agriculture and …
We have previously discussed that foreign investors may own 100% of a company in Thailand and that such a company can receive corporate income tax exemption for up to 8 years under the Thailand Board of Investment (BOI). What are the stages of obtaining a BOI certificate for Your project? 1) Preliminary analysis of the …
In September, the Thailand Board of Investment (BOI) consolidated three business activities — software, e-commerce, and digital services — into a single category: “Software development, digital service platforms, or digital content” (5.10). Incentives under the new category The benefits include: – Corporate income tax exemption for up to 8 years– Import duty exemption on machinery– …
As a property owner in Thailand, You can either use Your property for personal purposes or generate rental income. If You are not managing rentals yourself, income is typically generated by a management company or real estate agency, which will retain a portion as their fee. Basic rental model Rental is straightforward:– If the property …
One of the simplest, most affordable, and fastest ways to obtain a second passport. Key parameters – Processing time: 1.5–3 months– Visa-free access: 133 countries– Investment type: non-refundable contribution Requirements for the main applicant – Over 18 years old– No criminal record– Successful due diligence check– Good health condition Additional applicants The following family members …
