We have just added online payment into our App. You can now view your invoices and pay for it right away with your credit / debit card, Paypal, True Pay, Line Pay, Alipay and we also support all local Thai Bank QR Code and Internet Bank Transfer. Check it out now – Go to https://myvoffice.me…
You must create a cryptocurrency wallet and incorporate it into your website in order to accept bitcoin on it. The main process is outlined here for you to follow: Pick a wallet: Opt for a trustworthy bitcoin-supporting cryptocurrency wallet like Coinbase, BitPay, or Blockchain.com. Create a profile: Open an account with the wallet service you…
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…
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…
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. It does so by provide a series of tax and non-tax incentives. BOI investment promotion policies Investment promotion policies under the BOI are to: Promote…
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 what taxes are levied and what other regulations required. Transferring money out of Thailand To transfer money out of Thailand, you will need the name…
Corporate 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 to entities incorporated under Thai law, as well as to foreign entities conducting business in Thailand or receiving income paid from or in Thailand which…
