Category: Company Registration

Abandonment of Business: An Overview

Once the business is incorporated, the company has many duties as a juristic person, business entity, to be followed. Those duties are specified in the Thailand Civil and Commercial Code. One of the most important duties is submitting a financial statement, a balance-sheet, every year. As read in article 1196 of TCCC “A balance-sheet must […]

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Non-Tax Privileges under the (BOI) Board of Investment in Thailand

When the applicant is informed of the writing approval notification by the office of Board of Investment, the applicant will be also be given the detailed conditions, privileges, and benefits from the Board of Investment in writing. Whether the promoted project is granted, the tax privileges or non-tax privileges or both depends on the type […]

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Thailand BOI Flood Relief Measures

According to the serious flood situation in many areas, the Thai government has realized that this situation is no longer a local economic problem. The Thai flood which leads to the major damage to factories and business operations has affected both foreign and domestic investors. The Board of Investment is also worried about the BOI […]

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BOI Feasibility Study for the Large Business Operation

One of the basic criteria for BOI project approval with investment capital of over 80 million Baht is that the applicant must submit the project’s feasibility study as a Board requirement. The feasibility study is divided into 2 types based on the amount of investment capital. Note that the mentioned investment capital does not include […]

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Regional Operating Headquarter in Relation to the BOI

The Regional Operating Headquarter is another economic instrument from Thai government, providing benefits to investors who established a regional headquarter in Thailand. Various benefits provided to the investors with the aims of attracting more investment in Thailand, both tax incentives and non-tax incentives. The Revenue Department offers tax incentives, for instance, corporate income tax reduction, […]

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Business Activities that Foreigners Cannot Fully Own Under the BOI Promotion

According to Thai laws, foreign investors who wish to establish a business in Thailand are restricted to the percentage of foreign shareholding allowed in a Thai company. A Thai company requires Thai nationals to hold the majority of its shares. Otherwise, the company is considered as a foreign own company and required to obtain for […]

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Overview of a Corporate Income Tax in Thailand

The term corporate income tax shall be applied to either business incorporated in Thailand or foreign business which generates an income in Thailand. A Thai company refers to a company incorporated under Thai Law while foreign company refers to a company incorporated under Foreign Law. Specifically, the term applies to the following business entity; a […]

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Legal Effect of a Blank Share Transfer Instrument

A Blank share transfer instrument is widely used in a company limited whereby a current shareholder of a company, as a transferor, pre-sign a share transfer instrument and does not  specify any particular name of the transferee, in other words, the name of the transferee is kept blank. It is questioned whether the blank share […]

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Thailand BOI – FAQ

Q: How can a foreigner invest in Thailand? A: Foreigners will normally invest in following business entities: By Thai Company Limited with Thai majority own By foreign majority own with Foreign Business License (FBL) By foreign majority own with an exception of FBL i.e. BOI, U.S.-Thai Amity-Treaty Q: What is the corporate tax structure for […]

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Is it Possible for Foreigners to Register a Partnership in Thailand?

While incorporating a partnership for Thai nationals is considered very simple with less restriction, partnership for Foreigners are restricted by, again, Foreign Business Act. There are two types of Partnership in Thailand, ordinary partnership and limited partnership. In general, according to Thailand Civil and Commercial Code, a partnership is “A contract whereby two or more […]

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