At UnionSPACE, we have made setting up your own business in the Thailand easy as 1-2-3. What you see below pertain to about 85% of the Company Setup cases we have handled since 2014. If your circumstances are different, please do not hesitate to let us know. Have a look at our package for company…
There are 3 main components to comply with before you can legally import / export things into Thailand. #1. You’ll need to incorporate a VAT registered company in Thailand#2. You’ll need to apply for a general Import/Export License (usually valid for 3 years)#3. For most items that you may be interested in importing or exporting,…
Foreign Business License (FBL) Purpose: The Foreign Business License (FBL) authorizes foreign nationals to conduct business activities otherwise restricted under Thailand’s Foreign Business Act (FBA). Its primary objective is to attract foreign enterprises that contribute significantly to the Thai economy. Approval Authority: Issued by the Department of Business Development, under the Ministry of Commerce. Permitted Activities: The FBL…
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 may apply for investment promotion from the Board of Investment (BOI) if the nature of your business falls under one of the promoted activities, in which case you would be entitled 100% foreign ownership with the foreign business license (without the usual capitalization requirement) and would be permitted to bring in foreign skilled workers without having to comply with…
Since the start of COVID-19, many businesses have been struggling to take off or even properly startup. Now yet again, a new wave of COVID-19 begins to arise, and many may seem hesitant to invest in a new starting a new company. According to the PR Thai Government, the following measures should be taken when…
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…
Threshold for registration VAT registration is mandatory in Thailand for any company that has had an annual turnover of more than 1.8 million THB. The registration should take place no later than 30 days after this amount was reached. Exempted Activities Companies that offer certain types of goods and services in Thailand are VAT exempt….
Once you have your appointment to collect your Visa and eWork Permit, arrive 30 mins before schedule and wear a collar shirt and bring your original Passport. Head to One Bangkok, Witthayu Rd, Lumphini, Pathum Wan, Bangkok 10330 (Google map: https://share.google/PGOLY1fUYjQkkYjLQ) and once you arrive One Bangkok, go to the mall entrance then take escalator…
In today’s digital age, customer engagement has transcended beyond traditional platforms. Businesses are now recognizing the paramount importance of omnichannel engagement and support as a critical strategy for achieving success. With the advent of numerous communication channels, the ability to interact with customers across all touchpoints has become a necessity rather than a luxury. The…
One of the most common situation faced by expats of digital nomads who wants to stay in Thailand for an extended period of time would be to get a Visa that allow you to do so. The most popular type of Visa that allows you to stay in Thailand for a longer period of time…
Thailand, with its rich cultural tapestry and stunning landscapes, attracts visitors from around the world. Navigating the visa options is crucial for a seamless entry. In this guide, we’ll explore the various types of visas available for foreigners looking to experience the Land of Smiles. 1. Tourist Visa Exemption: 2. Visa on Arrival (VOA): 3….
Once BOI approve your Visa application, your agent or you will receive a letter as below Once you receive this letter, it means that BOI has approved your Visa application. It also means that BOI has approved your company or the company sponsoring you to hire you to work in Thailand. This is a very…
The visa and work permit application process for a foreign national can be summarized into three steps as follows: 1. Apply for a 90 days single entry Non-immigrant B visa at a Thai Embassy/Consulate abroad once the company has been incorporated and registered for VAT with the Revenue department; 2. Apply for the Work permit from the…
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…
US Treaty of Amity Company Thailand: The Complete Guide for American Businesses For most foreigners, starting a business in Thailand comes with strict ownership restrictions. Under Thai law, foreigners are generally limited to 49% ownership in many sectors due to the Foreign Business Act (Thailand). However, American entrepreneurs enjoy a unique advantage. Thanks to the…
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….
As a small business owner, you are no stranger to the challenges of managing your time, resources, and personnel. With the constantly changing business landscape, it can be overwhelming to keep up with everything that needs to be done. Fortunately, there is a solution that can help ease the burden and allow you to focus…
For Thai corporates eyeing international expansion, managing the tax friction of repatriating profits is a top-tier priority. Under the Thai Revenue Code, Royal Decree No. 384 offers a robust “participation exemption” mechanism. When handled correctly, this allows Thai companies to bring home foreign dividends without triggering local Corporate Income Tax (CIT). For CFOs and tax…
