on doing business and living in Bangkok
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 …
You only need 2 shareholders to setup a company in Thailand Read More
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) …
Benefits of registering as a VAT Company in Thailand Read More
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 …
Personal Income Tax & Tax Clearance Certificate Read More
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 …
UnionSPACE on Tuk Tuks in Bangkok Read More
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 …
What to consider before starting your own business? Read More
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 …
Setting up a US Amity Treaty Company in Thailand Read More
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 …
EOY Audit and Account Closing For New Company in Thailand Read More
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 …
Winding Up / Closing a Thai Limited Company Read More
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 …
Thailand Trademark Registration. Read More
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 …
Setting Up a Cannabis Business in Thailand Read More
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 …
VAT Refunds for Exporters (Beware) Read More
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 …
Foreign land ownership and Thai spouse. What to look out for? Read More
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. …
Got a Dormant Company in Thailand. Find out what’s your obligation. Read More
What is BOI? The BOI (Office of Board of Investment) is a Thai government agency that has a role of promoting valuable investment both into Thailand and Thai overseas investment. …
What Businesses are eligible for BOI promotion in Thailand. Read More
This is a guide on profit repatriation: transferring money out of Thailand. Thailand has strict regulations regarding foreign exchange transactions and also impose taxes on profit remittance. Let’s find out …
Transferring money out of Thailand Read MoreCorporate Income Tax The Corporate Income Tax (CIT) is a direct tax levied on juristic entities carrying on business in Thailand or deriving income from Thailand. The CIT therefore applies …
Taxes in Thailand : Corporate Income Tax Read MorePersonal Income Tax The Personal Income Tax (PIT) is a direct tax levied on the income of taxable persons, i.e individuals residing in Thailand more than 180 days in a …
Taxes in Thailand : Personal Income Tax Read MoreWithholding Tax (WHT) The withholding tax (“WHT”) is a tax deducted at source from the payment of a service invoice. WHT rates depend on the nature of provided services (cf. …
Taxes in Thailand : Withholding Tax (WHT) Read MoreTax Invoice A tax invoice is a mandatory document that needs to be issued by sellers of goods and services in order to submit VAT. Failing in providing tax invoices …
Taxes in Thailand : Tax Invoice Read MoreValue Added Tax (VAT) The “Value Added Tax (‘VAT’) is a tax on the sale of goods or the provision of services. The current rates are 7% and 0% (on …
Taxes in Thailand : Value Added Tax (VAT) Read More