Which Type of Company should You Set-up in Thailand?
Though, the majority of the foreigners prefer setting-up a limited liability company in Thailand, there are other forms too. Below mentioned are they; 1. Thai BOI Company The Board of Investment (BOI) approved companies have the advantage edge to enjoy innumerable investment benefits, including significant tax waivers and multiple work permits. Cut short, eligible businesses […]
So, What is This Thai Smart Visa All About?
Highly skilled human resources and investors contributing to the country’s development stand a fair chance of obtaining a Thai smart visa. They can be foreign experts, entrepreneurs, investors, to executives individuals who wish to work or invest in Thailand in the 10 S-Curve industries. Moreover, they can belong to industries like smart electronics, agriculture and […]
5 Lucrative Business opportunities in Thailand
In case you don’t know already, Thailand is the second largest economy in Sea with a well-developed infrastructure and a growing GDP. Though Thailand’s economy is diverse, its manufacturing sector is essential and that is very much reflected in the exports by the Swedish companies, wherein types of machinery for the power sector and transport […]
Thailand 4.0: Transforming Thailand, Transforming Lives
As the global economic situation has changed over years, the service trade continues to grow and Thailand must push for more development of service trade. To this, the country is heading towards an innovation-driven economy under the 4.0 policy through public-private-people partnership mechanism. Mr. Suvit, the Deputy Commerce Minister has given a briefing to 58 […]
New Investment Promotion Conditions for SMEs in Thailand
It is done to approve more incentives for SMEs to cover more than a hundred business activities and increase corporate income tax exemption up to 200% to enhance SMEs’ competitiveness. Also, it identified a list of industries for the EECi and EECd. The new investment promotion conditions are as follows; More business activities and relaxed […]
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 […]
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 […]
