There are various reason why a company need to change its Registered Capital. Common reasons in Thailand are: 1. Business Expansion 2. Compliance with Legal Requirements 3. Debt Management and Creditworthiness 4. Corporate Restructuring 5. Increase in Financial Flexibility 6. Tax Planning 7. Boosting Market Perception Capital increase. The capital can be increased at the…
We are thrilled to announce a groundbreaking addition to our website that will revolutionize the way entrepreneurs and business enthusiasts embark on their journey of establishing a new company in Thailand. Today, we unveil the Company Name Availability Checker, a powerful tool designed to streamline the process of finding the perfect name for your business….
Legal Contract Drafting (Thai and English or both) As more and more people resettle in Thailand, the rise in the need to enter into a formal contract increases. The need for contracts beyond the usual employment contract or condo lease agreement has become a necessity and here at UnionSPACE, we want to make this process…
วนมาอีกครั้งกับช่วงการเสียภาษีประจำปี 2566 ผู้มีเงินได้ไม่ว่าจะประกอบอาชีพใด ๆ และได้รับเงินเดือน หรือค่าจ้างก็ตามต่างมีหน้าที่เสียภาษีแต่จะแตกต่างกันไปตามอัตราเงินได้ แล้วต้องมีเงินได้เท่าไหร่กันล่ะถึงจะต้องเสียภาษี ? วันนี้เราจะพาทุกคนมาทำความเข้าใจเรื่องภาษี รวมไปถึงคำนวณภาษีส่วนบุคคลกันเบื้องต้น เพื่อให้เราเข้าใจเรื่องการยื่นภาษีเงินได้ส่วนบุคคลและสามารถวางแผนการยื่นภาษีได้อย่างถูกต้อง
Since 2014, Thailand has introduced an Investment Visa program aimed at attracting foreign investors who can contribute significantly to the country’s economy. Under this scheme, foreigners who invest a minimum of 10 million Baht or more become eligible to obtain a one-year Non-Immigrant Visa, with the option to renew it annually after residing in Thailand…
In Thailand, you can easily bypass the need to actually invest / paid up the registered capital for setting up a new business by acquiring an existing active or non active company. This approach offers a unique avenue for companies to navigate the intricate web of financial regulations while simultaneously expanding their operations and resources….
Certain transactions are VAT exempted Title: Understanding VAT Exempted Transactions in Thailand: A Comprehensive Guide Introduction Value Added Tax (VAT) is a consumption tax levied on the sale of goods and services at each stage of the production and distribution chain. However, not all transactions are subject to VAT, and various countries, including Thailand, exempt…
Retirement Visa is one of the easiest Visa to apply for for long stay in Thailand when you are over 50 years old. It’s requirement is rather straight forward and the application has a high and fast approval rate. Here are the key steps to apply for a Retirement Visa in Thailand. 1. Eligibility Check:…
It is important to properly dissolve a company after its business operations have ceased or if the company is no longer active in Thailand and in most countries. Properly dissolving a company involves completing a series of legal, financial, and administrative steps to wind down its operations, settle its affairs, and terminate its legal existence….
Principal outcomes on trade in goods Overall All references to an “immediate” elimination of or reduction in tariffs mean immediately upon entry into force of the agreement (1 January 2005). Industrials General Automotive Machinery and equipment Steel Non-ferrous metals Pharmaceuticals Fertilisers Photographic goods Plastics Other Agriculture Meat Dairy Grains and related products Fruit and vegetables…
Introduction: Thailand has become an attractive destination for foreign investors and companies looking to expand their business operations. One common question that arises is whether a company, whether foreign or domestic, can own property in Thailand. In this article, we will explore the rules and regulations governing property ownership by companies in Thailand. 1. Legal…
Salary and wages Minimum wages in Thailand range from 328 THB to 354 THB per day. Wages typically vary from province to province. Province Daily minimum wage (THB) Chonburi, Phuket, Rayong 354 Bangkok, Nonthaburi, Nakhon Pathom, Pathum Thani, Samut Prakan, Samut Sakhon 353 Chachoengsao 345 Phra Nakhon Si Ayutthaya 343 Chaing Mai, Khon Kaen, Krabi,…
Entrepreneurs and investors seeking to establish a business presence in Thailand often face a crucial decision: whether to start a new venture from scratch or take over an existing business. While both options have their merits, this article aims to shed light on the numerous benefits associated with acquiring an existing business in Thailand. From…
What is Por Ngor Dor 1? Withholding tax at source under Section 59 for remuneration paid to employees under Section 40(1), (2) Instructions/Comments: Employers must withhold tax on remuneration paid to employees in April 2023 and remit the tax so withheld to the District Office. What is Por Ngor Dor 2?Income tax withheld at source under…
More and more often, clients and agents ask questions about the advantages of registering real estate with a BVI or Foreign Company. This type of ownership, like others, has its pros and cons. So, BVI – (British Virgin Islands) is an offshore zone, companies registered in which can be 100% owned by foreigners. Status –…
A shelf company, also known as an aged or dormant company, is a pre-registered corporation that has been inactive or without any business activity. Such companies are commonly used by entrepreneurs and investors for various purposes. In this article, we’ll explore some of the benefits of using a shelf company. One of the primary advantages…
You can now buy a property (condominiums or landed property) and set up a company, a bank account, a visa and even a work permit with Crypto. At UnionSPACE, we understand that the world is constantly evolving and the need for economies to catch up is crucial. Together with Bitkub and Wanda Exchange as well…
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…
