This could be a Good Time to Invest in Thailand’s Electric Vehicle Industry
As the Board of Investment, Thailand announces new investment privileges for the electric vehicles companies to operate in the Eastern Economic Corridor (EEC). Generally referred to as the “Detroit of the East”, the country is one of the foremost automobile producers of the world that is presently ranked 12th. Also, Thailand’s auto industry is one […]
Did you just launch your online business? Are you worried about the accounting tasks?
These little business accounting steps will give you the confidence to help you cover your bases; Get a Bank Account, First Once you have registered your business, have a separate bank account to keep records distinct. Having said that, LLCs, corporations, and partnerships are legally required to have a bank account separately for business. However, […]
Everything about Personal Income Tax Filing in Thailand
If you are earning in Thailand, then you must have your own tax ID number. You can get it from the tax office. Just make sure you present your ID, including your passport or ID card. Additionally, you will need to prove why you require the number. And those who have been living in Thailand […]
Thailand’s Next Investment Opportunity
With the confirmation of the biggies like Scania (Sweden) and Hino (Japan), we now know that Thailand is also becoming a major production hub for medium and heavy commercial vehicles. In fact, every year almost 15,000 and 20,000 heavy trucks are registered. Scania’s new factory in Bangkok’s Free Trade Zone is definitely a cornerstone of […]
Thai Baht Climbs against the Dollar!
Now, that’s impressive and a real flip for Thailand, for sure! While the currency’s strength is definitely something to be celebrated, the fear of political elections which may cause a financial uncertainty is understood. However, not to worry much as the United Overseas Banks Ltd has acknowledged that the two major political parties are focused […]
BoI Offers Ample Privileges to Start Train Production in Thailand
Special measures have been taken by the Board of Investment in Thailand to promote investment in rail and rail-related industry. Such is done to top 10,000 trains in the next 20 years. Prayut Chan-o-cha, the Prime Minister, said that this is the right time to promote the rail sector, as demand for trains has reached […]
A Brief Digest on Taxes in Thailand
All thanks to the strong momentum in Thai tourism and manufacturing exports, the country’s economic outlook is improving. It is found that the economy grew at the fastest pace since 2013. And it is expected that the pace will continue this year and the next. But increasing public investment such as fiscal spending on large-scale […]
How to File a Memorandum of Association for a Private Limited Company in Thailand
Here is a brief guide on filing a Memorandum of Association in Thailand for a Private Limited Company. In Thailand, the Memorandum of Association (MOA) is a legal document serving as the foundational document in the process of company registration. It outlines the fundamental details and regulations governing the company’s operations and management. If you […]
E-sport: The New Emerging Sector in Thailand
Chrisada Chiaravanond, the president of E-sports Thai Leagues said that Thailand has a strong potential to carry out e-sports activities in ASEAN. The country has world-class infrastructure and appropriate environment including support from the government and private sector, and high-skilled players, to support the same. Although they are behind South Korea and China, they are […]
A Brief Digest on the Indo-Thai Free Trade Agreement
The Framework Agreement ensures liberalization trade in goods, services and investment, and economic cooperation expansion. Trade in Goods It was agreed that India and Thailand begin the negotiation on trade in goods to establish the India-Thailand FTA. To accelerate tariff reduction, both countries agreed to apply for an Early Harvest Program. The tariff reduction of […]
