Tax Audit and Compliance for Foreign Business in Thailand
Albert Einstein once stated that the hardest thing to understand in this world is Income Tax. If the genius can have a problem in understanding taxation, you and I can be very prone to misinterpretation. This article will guide you to understand the tax audit and compliance for a foreign business in Thailand. Overview The […]
Thailand Retirement Visa Guidelines 2021
The Thailand Retirement Visa is necessary for foreign nationals or Thai ex-pats exceeding 50 years of age and willing to retire and stay in Thailand. But it must be noted that a Thailand Retirement Visa restricts an individual from working or carrying out any professional practice in Thailand. How to Apply: Thailand Retirement Visa can […]
Cultures and Etiquette For Your Business in Thailand
Land of Smiles, Thailand, is having great potential to yield high ROI to Foreign Direct Investments. It is the diversity in business opportunities and the welcoming approach of the Royal Thai Government that makes it the most sought for country to invest in a business in the world. So, if you are thinking of starting […]
BOI Thailand Application: Get 100% Foreign Ownership
Do you have a wonderful business idea and want to know if Thailand is the ideal spot to start it? Do you own a business in Thailand and want to take advantage of tax breaks and other benefits? Fortunately, you can register your business with the Board of Investment (BOI) Thailand and own 100% of it […]
BOI Thailand COVID-19 Initiatives to Accelerate FDI in Medical Sector
The Board of Investment of Thailand (BOI) has endorsed a range of measures aimed at reducing the economic impact of the COVID-19 epidemic, including moves to encourage quick investment in the medical equipment manufacture. The board also approved incentives to support technology-based “smart farming” solutions, as well as research and development in a variety of […]
Capital Management for your Business in Thailand
Starting a business in Thailand is subject to compliance with various Thai laws and regulations. For a foreigner, it includes the existence of a Thai partner in the process of company incorporation if you are not from the United States. Along with this, it is also very tough for foreigners or Thai expats to borrow […]
Foreign Direct Investment in Thailand soars by 80% in Q1
The Thailand Board of Investment (BOI) announced that investment applications in the first quarter of 2021 increased by 80% y/y to a total value of 123.4 billion baht (USD3.9 billion). Projects in the medical and electric and electronics (E&E) sectors are leading the way, and foreign direct investment (FDI) applications in Thailand has more than […]
Power of Attorney for Property Transfer in Thailand
A Power of Attorney (POA) in Thailand is a legal document that allows one person (the principal) to appoint another person to act as his or her agent. This gives the agent or Attorney-in-Fact authorization to act on behalf of the principal. It is applicable in particular activities like private affairs, business, or other legal […]
Thailand BOI and EEC encourages Investment in Thailand in 2021
Board of Investment (BOI) and the Eastern Economic Corridor (EEC) are facilitating investment in Thailand in 2021. Thailand’s legislation on the BOI and the EEC encourage both domestic and international investors to participate in the country. They offer tax and non-tax benefits to projects that are promoted. The article provides an overview of the major […]
Checklist: Thai Visa Extension Documentation
Any foreign national with a Thai visa who wishes to extend their stay in Thailand beyond the expiration date of their visa or current visa entry is eligible for a Visa Extension. There are various ways to extend your visa, each with its own set of regulations and restrictions based on the type of visa […]
