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…
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…
There are many ways you can stay and work in Thailand. At UnionSPACE we specialize in assisting foreigners who want to stay, live and work in Thailand by obtaining the most suitable Visa and/or Work Permit based on the present situation. What Visa and Work Permit solution do we offer? 1. Being a business owner…
Seriously, that is right. We understand that Thai laws are somewhat open ended at most time, for now – the law regarding lighting up a joint is clear. You can smoke a joint anywhere as long as the people around you do not complaint about the smell or your behavior. Enjoy and welcome to Thailand…
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…
Personal 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 calendar year, or non-resident earning income in Thailand. The PIT applies to different categories of income such as salaries & wages, receipts from copyright, interests,…
