Thailand Geared up to Support Aerospace through BOI’s Incentives
To believe reports, Thailand is likely to become the leader of MRO in the Southeast Asia by giving support to a rapidly extending aerospace sector through the Board of Investment (BOI) incentives. This board has already approved promotion incentives for those companies that choose the Kingdom as the base for their aircraft maintenance, overhaul activity, […]
In Case You Want to Set-up a Factory in Thailand! Factory Construction and Operation Laws under BOI
Factory construction and operation is regulated by the Factory Act under which “a factory is defined as a building, place or a vehicle, using a machine from five or more horsepower or that employs more than seven workers for assembling, producing, manufacturing, testing, improving, storing, conveying, destroying, or maintaining anything”. But that is not owned […]
Want to Do Business in Thailand? This can Give You an Overall Idea about the Costs
The cost of starting a business in Thailand depends on various factors such as; What type of business did you intend to perform in Thailand? Do you have an address in Thailand to be used as your company’s registered address? If yes, roughly where is it located? Do you have a Thai partner/shareholder? No. of […]
New Incentives to Support Aerospace Sector in Thailand
An investment promotion incentive has been approved by the Thailand Board of Investment for the companies who choose Thailand as the base of the aircraft maintenance, overhaul activity, and repair. The country’s MRO expenditure has been forecasted to reach an amount of USD $10.6 billion, with engine, component, and the airframe. If you don’t […]
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 […]
