Speaking from true events, if you have a supplier or vendors who are demanding outstanding payments from you, it is important to attend to all the legal notices you may receive because the Thai Law / Police system is actually quite effective. By ignoring police notices or court notices, you will be deemed to accept…
If you are considering working in Thailand for a period of time, say 6 to 12 months, you must first sort out your Visa to allow you to stay legally in Thailand for that period of time. The last thing you want to be stressed about while engaging in your job and at the same…
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…
So you’ve decided to start your own business in Thailand and now like a wise man used to say, before you jump into the pool, check the depth first. Cost of doing business in every countries are different and Thailand, I have to say, it is surprisingly affordable to do business here as a foreigner….
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…
Now that you are finally here in Thailand, here are a few tips to make sure you have a great time here. The Do’s Do respect all Buddha images. Do dress properly Do remove your shoes Do treat monks Do try and keep calm Do eat with a spoon. Do lower your body slightly Do…
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…
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…
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…
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:…
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…
Thailand received over 35 million visitors per year and in general Thais are quite generous when it comes to accepting ‘silly’ mistake foreigners might make however follow the guidelines below and you can be sure you will impress your new Thai friends. Be absolutely cautious when discussing about Buddhism and the Thai Royal Family. One…
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….
All tax residents in Thailand must file for a Personal Income Tax Return (PND 90 or 91) every year. The deadline to file and pay for Personal Income Tax is on 31 March of the following year. If you’re a foreigner, you must obtain a Tax Clearance Certificate before leaving Thailand and you are required…
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…
Echoing this article on Forbes – kept me wondering what is the purpose to hold a traditional office anymore in this modern world, in this New Norm. Most of the functions that used to occurred in a traditional office have now been officially replaced and to many, even preferred to Meetings > Zoom CallsWater Cooler Catch Up…
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…
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…
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…
Written for people who will be entering Thailand as a Tourist. Below are the 5 online services that I’ve used. I will explain the steps further below. 1. Book your flight ticket. I’ve used https://www.skyscanner.com.au/ to find the cheapest plane ticket. I would book something at least 8 days ahead so you have sufficient time…
