Withholding 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. below detailed rates). Upon payment of a service invoice, the payer must provide a withholding tax certificate to the vendor to justify the WHT deduction,…
1. Too Tall: The average height of a Thai woman is 157.3 cm (about 5ft 2in) while the average height for a man is 167.5 cm (about 4 inches taller). There are always exceptions to the rule but, generally speaking, taller women were probably not born as women. Tall people (of any nationality) generally also…
Choose the legal form There are several main types of companies and the process starts by choosing a suitable one. These business forms include the ordinary and the limited partnerships, the public and the limited companies and the sole trader. Select the available name The name of the new company is important and it needs…
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…
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…
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….
1) Office Space Serviced offices are one great way to go to cut your office space expenses. The really good thing about serviced offices is the flexibility it offers, unlike traditional office spaces. Usually, traditional office spaces require longevity in the contract of lease. On the other hand, serviced offices are offered in very flexible…
Increasing customer confidence in your visa, migration, and company setup services is essential for attracting and retaining clients. Here are some strategic tips to help you achieve this: 1. Showcase Expertise and Credentials 2. Leverage Testimonials and Case Studies 3. Build a Strong Online Presence 4. Provide Transparent and Detailed Information 5. Offer Excellent Customer…
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…
Technology stocks sold off sharply worldwide on fears that the AI-driven rally has become overstretched. The Nasdaq 100 dropped 3.5% and chip stocks plunged around 8%, while investors fled to safe-haven assets — pushing the US dollar to its strongest level since November. Oil and gold both retreated, even as several details in the US-Iran…
Thailand has long been a hub for industrial growth and economic development in Southeast Asia. At the heart of this success lies the Industrial Estate Authority of Thailand (IEAT), a government agency dedicated to fostering industrial growth, attracting foreign investment, and boosting the country’s economy. But what exactly are the advantages of the IEAT, and how…
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…
The infographic shows the benefits of having a virtual office. This is the most cost-effective way for your company to operate. Therefore, UnionSPACE has the solution for you. By signing up with US with our virtual office package. You can operate your business in a lean business model.
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…
For expatriates and long-term residents, a Thai driver license is essential for both legal driving and everyday identification. The standard process through VIP Driving School is straightforward, but it can be time-consuming. If you prefer a quicker, stress-free option, UnionSPACE’s Fast Track Thai Driving License Application service takes care of the paperwork and eliminates the…
Being stuck at home during a lockdown can be overwhelming. You may feel anxious about starting a new business or about how your current business will continue to grow. For some companies, remote work might seem unreasonable and impossible. Luckily, with today’s technology, that has changed. UnionSPACE has developed two new key features for remote…
When countries impose tariffs on each other, the effects ripple through both national economies and the daily lives of ordinary citizens. Below is a structured analysis of these impacts. 1. Economic Consequences for the Country Trade Volume Reduction GDP Growth Slowdown Inflationary Pressures Sectoral Shifts & Job Market Disruptions 2. Impact on Ordinary Citizens Higher…
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…
With patience, persistence, and the right guidance, it may be possible to cancel an existing Non-B Visa on your own. This step can be extremely important if you find yourself in a situation where a new Non-B Visa application is rejected because you still have an active Non-B Visa in your passport record. Recently, one…
By UnionSpace Team | Bangkok | April 2026 | 4 min read Not Berlin. Not Singapore. Not Bali. Bangkok. Here’s why founders, freelancers, and fast-moving companies are quietly making the Thai capital their base — and why the window to get in early is closing. The cost advantage is still real — but not forever…
