Thailand Law Blog
Relationship Between the New Thai Tax Law, Retirement Visa Holders, and Long-Term Residency
Income from Business Operations Incomes received from business operations in Thailand or overseas but brought into Thailand are subject to income tax under the new taxation law at rates ranging from 5% to 35%. On the other hand, if you receive income as a business entity, you will be subject to corporate tax at 20%. […]
Thailand’s New Tax on Foreign Income: An Overview
Section 41 of the Revenue Code This provision requires an individual to pay income taxes to the Revenue Department of Thailand under the following conditions: The individual is: A Thai citizen. A Thailand resident who filed taxes in the previous tax year. Foreigners living in Thailand for one or more periods totaling at least 180 […]
Is Weed Legal in Thailand?
Thailand recently made a groundbreaking decision, becoming the first Asian nation to decriminalize all parts of the cannabis plant. This move signifies a shift away from traditional drug policies and represents a significant change in how the country views weed or cannabis. The journey to this point in Thailand’s cannabis policy has seen important milestones. […]
Thai Citizenship Application Process 2024
Foreigners who have stayed in Thailand for a considerable amount of time have come across many obstacles in attempting to extend their stay, starting a business, or owning properties in the Kingdom, not to mention the hassle of filing a report every 90 days. One way to eliminate those hurdles is to become a Thai […]
Laws Governing Thai Limited Companies
Nature and Formation of Limited Companies Section 1096 of the Civil and Commercial defines a limited company as that kind of which is formed with a capital divided into equal shares and the liability of the shareholders is limited to the number of shares respectively held by them. Any three or more persons may, by […]
Introduction to Force Majeure
“Force majeure” (“FM”): FM, also referred to as an Act of God, addresses the scenario when performing a contract or obligation becomes impossible, difficult, or onerous to perform due to exceptional events outside of either party’s control. Typically, a party prevented from fulfilling its obligations by such events is temporarily relieved from complying with those obligations […]
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 […]
