If Investing in Thailand’s Digital Engineering and Manufacturing Technology, You Must Know These
The Thai government with the Board of Investment in Thailand has released a policy statement that highlights the nation’s plan to expand the support of the technology industry, which includes science, development and innovation and research and development. So, what does the approved digital technology in Thailand involve? Big Data Analytics Technology Decentralized Sequential Transaction […]
Are You Thinking of Investing in Thailand’s Robotics Industry?
That may be a great way to jump-start your entrepreneurship! The Thailand Board of Investment or as we commonly known it as BOI, it promotes investment in this sector for both the supply side, including manufacturers of robotics and automation systems and parts, and demand side, including manufacturers who are applying for robotics in production […]
Thailand’s Export is to Reach Historic High
Thailand’s export value increased 12.2% YOY in the month of September, showing a strong growth in all the product categories and major markets. Particularly, gold exports grew 243% YOY. In fact, oil and related items like refined fuel plus rubber and rubber products have expanded by 53% YOY and 42% YOY, respectively. Similarly, there has […]
How Successful is Sino-Thai Relation?
China and Thailand, since the establishment of their diplomatic relations, both countries have developed a mutually benefiting relation. Be it in politics or economy and culture, their trust upon each other is immense. Sino-Thai relations are as good as a family. The traditional friendly relation between these two countries has quite a long history. As […]
How to Avail 50% Corporate Income Tax Reduction for Next 10 Years in Thailand
Is that even possible? Why not, provided you have a BOI-promoted company in Thailand? The Board of Investment, Thailand, offers many incentives to foreign investors; one of which is maximum 50% CIT reduction for up to 10 years. Even a foreign company in Thailand can also enjoy corporate income tax exemption for up to 13 […]
Specific Business Tax in Thailand. Now What’s That?
It’s another kind of indirect tax introduced in 1992 so as to replace Business Tax. What really happens is that there are certain types of businesses that are excluded from Value Added Tax (VAT), those will instead be liable to Special Business Tax (SBT). So, does your business need to pay SBT, let’s find out. […]
Can You Extend Your Business Visa in Thailand?
Yes. Thai business visa can be usually extended to a year. In order to be eligible for this visa extension, you must cater to the basic criteria plus meet the minimum salary requirements. The requisites are as follows; Valid Thai work permit Minimum salary per nationality Four Thai employees per permit (4:1) Must have 1M […]
Are You a US Citizen? Looking for a Thai Permanent Residence Permit?
If you are a US citizen and seeking Thai permanent residence, the process may be a little easier on your part in comparison to other expats. The PR permit will allow you to stay in Thailand permanently without the requirement for a visa. Besides, it is just another way of obtaining citizenship plus a Thai […]
Second-generation Chinese Entrepreneurs are Considering to Invest in Thailand
Despite concerns about the state policy consistency, the second-generation Chinese entrepreneurs are seeking to invest in Thailand. One such example is the Bestway Flow Control Technologies Co Ltd, a Shanghai-based petrochemical valve maker. Its general manager Mr. Ye said that stability, policy consistency and clarity are the primary factors in attracting foreign investment, irrelevant of […]
How Higher Exports of Rice Raising Economic Prospects
It is likely that Thailand will break its last year’s record for rice exports while bringing higher rural income and making a contribution to broader economic growth even though success comes with its own challenges. Somewhere in the middle of August, the Ministry of Commerce’s Department of Foreign Trade mentioned that it expected outbound rice […]
