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 …
What should You do if a developer in Thailand has completed construction of Your apartment and invites You for inspection, but You are abroad? Even if this is not предусмотрено in the contract, You may appoint a representative who will carry out the inspection on Your behalf and sign the handover certificate. However, it is …
We have previously covered the support measures introduced in 2020 to assist businesses and employees during COVID-19. In 2021, the government also implemented a number of measures aimed at reducing land and building tax, lowering property transaction registration fees, decreasing contributions to the Social Security Fund, and extending tax reporting deadlines to ease the economic …
Real estate agents, when providing services to a seller in finding buyers and closing a transaction, receive remuneration in the form of a commission. This is income that will be taken into account when calculating corporate income tax at the end of the year, as well as when paying VAT for the reporting month (if …
