Thailand income tax system applies to both individuals and businesses with earnings derived from Thai and foreign sources under specific conditions. The Revenue Department of Thailand governs the tax system, which includes progressive tax rates for individuals, corporate tax obligations, and various exemptions for qualifying taxpayers. 1. Tax Residency and Liability 1.1 Who Is Considered a Tax Resident? An individual […]
Thai Business Partnerships. Thailand’s business landscape offers exciting opportunities for both domestic and foreign entrepreneurs. If you’re considering joining forces with a local partner, understanding Thai business partnerships is crucial for a successful venture. Types of Thai Business Partnerships There are two main types of partnerships in Thailand: Ordinary Partnerships: These are informal agreements between two or more people to […]
Foreign Business License Thailand. For foreign entrepreneurs and investors, Thailand presents a dynamic and exciting market. But venturing into Thai business requires navigating specific regulations, including the Foreign Business License (FBL). This guide sheds light on the FBL, helping you decide if it’s necessary for your operations. What is a Foreign Business License? An FBL is a permit issued by […]
US-Thailand Treaty of Amity. A historic contract that promotes bilateral economic and trade relations between the United States of America and the Kingdom of Thailand is the US-Thailand Treaty of Amity. This treaty, which was signed on May 29, 1966, was a major turning point in diplomatic ties and still influences bilateral relations today. The main goal of the Treaty […]
Representative Office in Thailand. Thailand’s strategic location in the heart of Southeast Asia, coupled with its dynamic economy and business-friendly policies, has made it an attractive destination for companies seeking to expand their global footprint. One avenue for international companies to explore opportunities in Thailand is through the establishment of a Representative Office. This article aims to provide a comprehensive […]
If you’re considering a business venture in Thailand, you may want to consider the merits of company registration. The country has a booming economy, low costs, and an attractive business environment. Despite cultural and language barriers, you can do business in Thailand with relative ease. In fact, the country ranks 21st on the list of 190 countries in terms of […]
If you set up a business as a foreigner in Thailand, you need to register it. The following information will give you the specifics of how a Board of Investment (BOI) application and registration are filed. What is the Board of Investment? The BOI law is a policy that came into effect in 1954 when the Thai government announced its […]
The very first question that most expats and new businessmen ask when they arrive in Thailand is how secure is the banking system. Back in the US you have the FDIC which underwrites the deposits.
