Thailand Income Tax
Thailand income tax system is a core component of its fiscal structure, designed to tax both individuals and legal entities on income derived from sources within the Kingdom, and in some cases, from abroad. The rules governing Thailand’s income tax are primarily set out in the Revenue Code B.E. 2481 (1938) and its amendments, and […]
Foreign Business Act
The Foreign Business Act B.E. 2542 (1999) governs the operations of foreign entities in Thailand. Its primary aim is to protect local industries while promoting foreign investment in sectors beneficial to the country’s economy. The Act identifies restricted industries, outlines ownership rules, and provides pathways for compliance through licensing and exemptions. 1. Objectives of the […]
Mergers & Acquisitions in Thailand
Mergers & Acquisitions in Thailand offer substantial opportunities for foreign and local companies looking to expand, enter new markets, or consolidate operations. Governed by the Thai Civil and Commercial Code, Public Limited Company Act, and Foreign Business Act (FBA), M&A transactions require strategic planning and legal compliance, especially when involving cross-border elements. 1. Types of M&A […]
Thai Work Permit Application
Thai Work Permit Application is an essential step for foreign nationals seeking employment in the country. This detailed guide explores the process, requirements, benefits, challenges, and practical tips for successfully acquiring a Thai work permit. 1. Understanding the Thai Work Permit 1.1 Definition and Purpose A work permit is an official document issued by the […]
Thai Business Partnerships
Thai Business Partnerships. Thailand, with its booming economy and strategic location in Southeast Asia, is a prime destination for foreign investment. When venturing into Thai business, understanding partnership structures is crucial for success. This article explores the two main types of Thai business partnerships: ordinary and limited. Ordinary Partnerships: A Simple Structure, Shared Responsibility Definition: […]
US-Thai Treaty of Amity
The United States and Thailand share a deep and enduring partnership rooted in diplomatic, economic, and cultural ties. One of the pivotal agreements that have contributed to this strong relationship is the U.S.-Thai Treaty of Amity and Economic Relations. In this comprehensive guide, we will explore the significance, history, key provisions, and the impact of […]
Registering a Company Under the Thailand Board of Investment
Thailand, with its strategic location in Southeast Asia and a dynamic economy, has long been a favored destination for businesses seeking growth and expansion. Registering a company under the Thailand Board of Investment (BOI) offers a pathway to enjoy a range of incentives, tax benefits, and business-friendly regulations. In this comprehensive guide, we will delve […]
Set Up a Representative Office in Thailand
Thailand’s strategic location, growing economy, and vibrant business environment make it an attractive destination for international companies looking to expand their presence in Southeast Asia. One avenue for doing so is by setting up a Representative Office in Thailand. In this comprehensive guide, we will explore the significance, benefits, key steps, and considerations involved in […]
