Category: Business in Thailand
Thai Government Finalizes a Bill to Legalize Casinos in Thailand
Thailand is on the brink of a major shift in its entertainment landscape, as the government finalizes a bill to legalize casinos within entertainment complexes. This move could transform the country’s tourism and economy, providing new opportunities for both domestic and foreign investors. If you’re a gambling enthusiast planning a visit to Thailand or are […]
SMEs in Thailand Get Credit Benefits with New Agency
In August 2024, the Thailand Cabinet approved the establishment of a new government agency that will issue loan guarantees to applicants and assess their credit risk. Within six months, legislation will be drafted and submitted by the Ministry of Finance and the Bank of Thailand to the House of Representatives to finalize the approval, and […]
Thai Government Clarifies Foreign Business Rules in Thailand
On May 20, 2024, the Department of Business Development under the Commerce Ministry held a meeting to explain foreign investment regulations in Thailand to help foreign investors understand the law and invest more easily in the country without any violations. Participating Organizations There were 36 participants from 19 entities, which included representatives from: The Australian, […]
Thailand BOI: Enhanced Incentive Packages and Special Incentives for Targeted Activities
BOI Seminar Summary BOI has 2 types of investment incentives which are the standard incentives and additional incentives. The standard incentives consist of activity-based with less than or equal to 8 years of CIT (corporate income tax) exemption and technology-based (Nano tech, Digital tech, Bio-Tech, Advanced material tech) with less than 10 years of CIT […]
2022 Guide to Work Permit Exemptions
It is crucial to acknowledge that not all companies in Thailand are able to provide foreign employees with work permits. To be eligible, the company must fulfill the requirements of the Ministry of Labor. The Alien Working Act 2008 outlines work permit exemptions for foreigners who meet the specified conditions.
Setting Up a Company in Thailand
If you are looking to start your first business in Thailand, it is crucial to understand the legal implications and processes you will need to go through. The task could be challenging and time-consuming, but with proper preparation and trusted advice from qualified experts, you will be able to get a company up and running […]
Steps for Company Registration in Thailand
Thailand is amongst one of the most attractive countries in the region for foreigners to set up a business due to its strategic location in Southeast Asia, the growing economy, and the system that supports foreign investment. If you are an entrepreneur who wishes to grow your business in the Kingdom of Thailand, here is […]
Foreign Business: Wholesale and Retail Minimum Capital Requirements
The Foreign Business Act of 1999 restricts both wholesale and retail businesses from foreign investment, with exceptions depending on the amount of minimum capital. However, the conditions under which a foreign business may engage in either is not exactly the same and furthermore the issue is complicated by other minimum capital requirements in the Act. […]
Developing a Luxury Hotel for Rent in Thailand
Thai law does not require condominium projects to be registered under the Condominium Act of 1979 and accordingly a popular type of development found in the tourist resort areas of Thailand is the unregistered condominium, which is usually marketed as luxury hotels. Typically, investors who purchase units in such projects do not do so for […]
Introduction to the Technology Transfer Plan
Foreign investors in Thailand, who will be investing a majority of the capital in a business venture, have the option of applying for a Foreign Business License if the intended business is restricted under the Foreign Business Act of 1999. However, in order for the application to be approved, an important requirement is that the […]
