Are you over 50? Give yourself a pat at the back. After all these years, your dream to retire in Thailand is now easier than ever. Retiring in Thailand can be a great choice for many people. With its low cost of living, warm climate, and rich culture, Thailand offers retirees a wide range of…
How to dissolve a company in Thailand How to close a Thai limited company? Some company owners decide to close down their Thai registered company either for the purpose of opening a new company or permanently cease doing business in Thailand. Whatever reasons you have for closing your Thailand business, legal, accounting and auditing assistance are…
As the gov’t deliberate the new and tighter rules governing Cannabis related business, it’s time to rejoice. Most harsher law has been rejected by the stronger party and now it is easier than ever to start your own Cannabis Shop (retail) and Cannabis Cafe (selling food and non alcoholic drinks) What is more interesting we…
Starting March 2023, the Ministry of Commerce will reduce the minimum required shareholders for a Thai Limited Company from 3 shareholders to 2 shareholders. This is a great change and provide aspiring business owners an easier way to set up their business in Thailand. Amendments To The General Corporate And M&A Principles Of The Civil…
In Thailand, it is not mandatory to register for company as a VAT Company when your revenue is below THB1,800,000 per financial year however registering as a Value-Added Tax (VAT) company in Thailand can provide a number of benefits for businesses. Some of these benefits include: However, registration for VAT also comes with some obligations…
All tax residents in Thailand must file for a Personal Income Tax Return (PND 90 or 91) every year. The deadline to file and pay for Personal Income Tax is on 31 March of the following year. If you’re a foreigner, you must obtain a Tax Clearance Certificate before leaving Thailand and you are required…
We’re so excited about our latest marketing blitz. If you seen one of these cute tuk tuks around, snap a photo of them and post them on your social media with #unionspaceth #ridewithus and you will receive a surprise gift from us and very special extra 5% discount on any purchases with us. If you…
Starting a business can be a complex process, but there are a few basic steps that you can follow to get your business off the ground. Here are some of the most important things to consider: Tips to successfully Market your business in Thailand For more information about starting a business in Thailand and how…
As a foreigner, you are generally not allowed to own land in Thailand. However, there are a few options available for foreigners who want to own property in Thailand: It is important to note that these options may not be suitable for everyone and each has its own set of risks and considerations. It is…
There are several ways to obtain a long-stay visa for Thailand, depending on your purpose of stay and the length of your stay. Here are a few options to consider: It is important to note that the requirements for obtaining a long-stay visa in Thailand may vary depending on your nationality and the type of…
Bangkok is a vibrant city with an active business scene, making it a fantastic location for networking with other professionals. You can meet and network with business professionals in a variety of settings, from formal events and conferences to more informal networking opportunities. The following are some of the top sites in Bangkok to network…
Thai marriage visa can be obtained if a foreigner is married to Thai citizen, it is similar class as the Non-Immigrant Visa “B” or Non “B” visa for working, but the Thai Marriage Visa is exclusive for those who have Thai spouse. Marriage Visa is called Non-Immigrant Visa “O” or Non “O”. There are certain…
A US Amity Treaty Company permits American citizens and companies tohold majority shares (over 51%) in a Thai Limited Company. The USAmity Treaty also enabled American companies to engage in business onthe same basis as Thai companies, and are exempt from most of therestrictions of foreign investment imposed by the Alien Business Lawof 1972. What…
It’s required by law that every Company, regardless it’s a Partnership, Thai Limited Company, BOI, Branch Office or Representative Office must have their account audited at the end of every financial year, that is Dec 31. Once your account is signed off by your auditor, it has to be uploaded into the gov’t system. So,…
Once you have incorporate your Thai Limited Company, it is a legal entity by itself and should your business cease to operate anymore, it is important that you close the company properly to avoid unexpected penalty and costs. What do you need to prepare and submit to close a Thai Limited Company? – Final Balance…
Registering a trademark provides legal protection against counterfeiting and infringement of your intellectual property. A registered trademark greatly strengthens your ability to enforce your rights, as well as ensuring that you are not unknowingly infringing on a trademark held by another. Registering a trademarkin Thailand. Although Thai law generally recognises foreign trademarks, at best they…
Changes in Thai Cannabis Laws The Narcotics Act B.E. 2522 in Thailand prohibits the production, manufacturing, cultivation, possession, sale, purchasing, transport, storage, and/or consumption of any narcotic drug or psychotropic substance. Substances defined as narcotics are classified into 5 categories. Initially, cannabis was part of category 5. On February 9, 2022, Thailand passed a law that decriminalized specific…
When company export certain goods, companies may claim a VAT Refund for certain purchases of the raw material used in the exported product however unless the amount of VAT Refund is significant and that your company has proper record keeping, we advise you to think twice before requesting for a VAT Refund. Request for VAT…
Can foreigners own land in Thailand? A foreigner cannot own land in his/her name in Thailand. However, the Department of Lands allows a Thai national married to a foreigner to own land after a signing a letter of certification with the foreign spouse to prove that the money used to purchase the land is the personal property of the…
What is a dormant company? A dormant company, also known as a shelf company, is an entity that has been legally registered but does not engage in any business activities. What are the benefits of a dormant company? The benefits of a dormant company are as follows 1. Have a company for future use Instead…
