We are all witnesses to this worldwide pandemic and how it has affected the way many businesses conceive and operate. Everyone on the globe was forced to stay at home and give their all for job or business. We had no choice but to embrace a new method of operation.
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…
ธุรกิจจำนวนมากมีค่าใช้จ่ายในการดำเนินงานที่คงที่ซึ่งยากต่อการรับรู้ของรายได้ ค่าใช้จ่ายในการดำเนินงานที่สำคัญที่สุดอย่างหนึ่งคือการเช่าพื้นที่สำนักงาน
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…
Buying an air conditioner in Thailand should be the easy part of setting up a home. You pick a reputable store, tell the salesperson what you need, and trust that what lands on your wall matches what you were sold. That trust cost us a lot of money. This is a firsthand account of what…
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…
Nominee Shareholder is a person (Thai National) to represent you(foreigner) and has no legal rights or ability to control nor manage the company. A Nominee is merely your representative and is appointed simply to satisfy Thailand’s regulatory requirements. When do you need to ‘hire’ a Nominee Shareholder1) You’ll need to “hire” a Nominee Shareholder if…
Dubai, a vibrant city in the United Arab Emirates, is not just a tourist paradise but a global business hub teeming with opportunities. For businesses looking to expand their global footprint, setting up a base in Dubai offers numerous advantages. From its strategic location to a business-friendly environment, Dubai has become a magnet for companies…
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…
Updated / Confirmed: May 12, 2022 Opening a Company Bank Account with local banks could be challenging if you do not have the necessary supporting documents. Here are the list of documents we provide our clients after we’ve assisted them to incorporate their company in Thailand which they can successfully open their Company Bank Account…
As of 2020, we got hit by a global pandemic that makes going to work more difficult. Many countries have been in lockdown as a result of this. Many companies have been working from home for the past few months. The demand for both serviced and virtual offices in Thailand is on the rise. As…
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…
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,…
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…
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 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…
This is a complete list of the important tax submission forms in Thailand. The taxes in Thailand that are required to be filed and submitted include: Withholding tax Corporate income tax Personal income tax Value-added tax (VAT) Specific business tax Withholding tax Tax forms for withholding tax include: Form Purpose Frequency PND 1 Used when…
As of our June 2023, Thailand’s Visa on Arrival (VOA) eligibility can change, and it’s always crucial to check for the most recent information. As of 2023, many nationalities are eligible for VOA when entering Thailand. Commonly eligible countries include: However, it’s important to note that VOA requirements and eligible countries can change. It’s highly…
1. Assess the Immediate Financial Impact 2. Explore Tariff Mitigation Strategies 3. Optimize Operations and Pricing 4. Engage in Advocacy and Lobbying 5. Long-Term Strategic Shifts Key Considerations For alternatives, check out UnionSPACE International Business Set Up to be the first minimize the impact of these devastating so called Liberation Tariffs by USA
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…
