Which Law Regulates Foreign Business Establishment in Thailand?
It is typically regulated by the Foreign Business Act (FBA), 1999 that is enacted by the Chaun Leekpai –controlled National Legislative Assembly of Thailand, which limits foreign ownership of a few Thai industries. A foreigner not adhering to the restrictions may have to pay penalties. In fact, non-compliance could lead to a 3-year prison term […]
Thai Will and Testament: Types to Know
Do you want to make sure that all your possessions are rightly used after your death? How would you ensure that? Simply by stating your last wishes in a Thai will. Well, there are many legal experts who specialize making a will, be it in English or Thai. This article will speak about three different […]
Can a Foreigner Own/Buy Property in Thailand?
Initially, it was not possible for a foreigner to buy any asset or property in Thailand. Well, I am talking about before 1997. But, today, considering the interests of so many foreigners to live in Thailand forever, thankfully, relaxations are there in such laws. One of the finest methods of doing so is to […]
Different Types of Company You can Start in Thailand
Expats can choose from the below-mentioned types of company; ü Registered Ordinary or Limited Partnership; ü Representative Office, Regional Office or a Branch Office; ü Limited Company; 1. Limited Partnership In a limited partnership, one partner’s liability is limited, whereas other is unlimited. Limited partnerships should be registered, unlike Thai partnership. 2. Representative […]
Pros and Cons of Operating a Foreign Business in Thailand
Thinking about starting a new start-up in Thailand? Lovely! You will be glad to know how wise your decision is. Thailand has been consistently rated as one of the top destinations for foreigners to live. The friendly and welcoming attitude of the localites makes life easy. The ability to own a property, start a business […]
Everything You Need to Know about the Foreign Business Act Thailand
Have you been told that you are not eligible to do a particular kind of business? Annoyed? Don’t be because clearly you may not be eligible under the Foreign Business Act in Thailand. The FBA lists a range of business or industrial activities that foreigners cannot do without obtaining relevant license(s). FBA describes foreigners as […]
Accounting Services in Thailand Best for Your Business
Well, let me tell that you are not alone. There are so many already who are facing the same challenge. When it comes to running a business, you may be an expert, but then the books could be completely another story. So you must have someone to assist you with the financial records and for […]
Why Now is the Best Time to Invest in Thailand?
The US-China trade war is quite a thing. While other economies seem to contemplate a lot about it, Thailand is expecting a decent economic gain. With the upward movement in the US interest rates, Thailand is also experiencing rising interest rates. The policy rates and the US government bonds is rising, leading to capital outflows […]
How a Board of Investment Company can Protect Your Interest in a Limited Company in Thailand?
The Board of Investment company in Thailand gives an expat the advantage of owning a company 100%. Registering your business under the BOI you can safeguard against the Thai promoters. Before you jump into any conclusion you must check the BOI activity list to know whether you are eligible for registration. Once you are aware […]
Not Aware of the Thai Tax Codes?
This may be one of the major reasons of getting hit with penalties or fines. Having an accountant by your side will keep you informed regarding the tax credits and deductions while reducing the tax burden. Look around and you will find innumerable accounting services for foreign company in Thailand. So, what do their services […]
