Doing business in Thailand | Investments | Real estate | Taxes | Market entry | Relocation | Visas
How to Start a Business in Thailand – The Essentials Thailand imposes significant restrictions on foreign businesses. Many businesses require a license under the Foreign Business Act (FBA), and obtaining this license can be a complicated process. However, there are … Read more
Restricted Jobs for Foreigners in Thailand The employment of foreigners is regulated by the Royal Emergency Decree on Managing the Work of Foreigners B.E. 2560 (2017), which was amended by the Royal Decree (No 2) B.E. 2561 in 2018 (the … Read more
How to Open a Company in Thailand How to Open a Company in Thailand – What is Important to Know? Thailand has significant restrictions for foreign businesses. Many types of activities require obtaining a license in accordance with the Foreign … Read more
The Thailand Board of Investment (BOI) The Thailand Board of Investment (BOI) is a leading government organization aimed at stimulating investments in Thailand. The BOI offers various tax and non-tax incentives and preferences to Thai and foreign companies in accordance … Read more
Possible Software Development Exemption The Thai government has recently announced amendments to the Foreign Business Act, which include removing ten service businesses, such as software development, from the restricted list. What Software Development Will Be Exempted According to the Draft … Read more
What is an LTR Visa The Long-Term Resident (LTR) Visa is for high-potential foreigners, targeting: The LTR Visa holder’s spouse and children under 20 can also be included, up to four family members. LTR Visa Issuance Statistics On May 30, … Read more
Who is a Tax Resident of Thailand? The taxation of individual income in Thailand depends on their tax status and the type of income they receive. Anyone who stays in Thailand for 180 days or more in a tax year … Read more
Legalization (Decriminalization) of Cannabis in Thailand Cannabis, known as ganja in Thailand, has been used in traditional medicine for centuries. However, in 1934, following global trends, Thailand adopted the Marijuana Act, criminalizing cannabis. This act was later absorbed into the … Read more
Introduction Thailand has long been an attractive destination for expatriates, remote workers, digital nomads, and retirees due to its quality of life and favorable tax policies, particularly for holders of Long-Term Resident (LTR) visas. However, recent reports suggest that significant … Read more
UPDATE (July 23, 2024) Thailand (again) changes course: cannabis to be regulated, not banned. According to press reports, Thailand will abandon plans to recriminalize cannabis. Instead, authorities will return to the idea of developing legislation to regulate its use. This … Read more
DTV Officially Launched Great news for digital nomads, remote workers, and long-term tourists! Thailand has officially launched the Destination Thailand Visa (DTV). The official announcement was published in the Royal Gazette on July 15. Information on the DTV is currently … Read more
In brief The Thai government has recently announced significant amendments to the Foreign Business Act, which include removing ten service businesses from the restricted list. Among them is software development. According to the draft regulation, software development businesses will be … Read more
What is the EEC Visa? The EEC Visa is a special 10-year visa introduced by the Thai government to attract foreign professionals and executives to work in Thailand’s Eastern Economic Corridor (EEC). This initiative aims to boost key industries and … Read more
On March 15, 2024, Thailand’s Board of Investment (BOI) issued a regulation updating its investment incentives for software development and data centers, replacing the previous categories (8.1 for software and digital platforms, and 8.2.1 for data centers) with new classifications. … Read more
Understanding the Foreign Business Restrictions In Thailand, the Foreign Business Act (FBA) establishes significant restrictions for foreign businesses. This includes defining ‘foreigners’ as both foreign individuals and legal entities, as well as entities in Thailand where foreigners own the majority … Read more
Thailand’s Thriving Hotel Sector Thailand’s hotel sector is a key player in its economy, thanks to the country’s strong appeal as a tourist destination. This appeal isn’t just international; domestic tourism also contributes significantly. The sector’s growth and stability are … Read more
Transportation Flights Where to Search: Where to Buy: Bangkok Airports Taxis Public Transport in Bangkok Money ATMs Currency Exchange in Bangkok Where to Stay in Bangkok Popular Tourist Areas 2. Silom and Sathorn — more business-oriented and less touristy areas, … Read more
Land and Buildings Tax in Thailand The new Land and Buildings Tax Act has been in effect since January 1, 2020. This tax replaces the previous taxes that were essentially income taxes on rent, rather than a property tax. Taxpayers … Read more
Visas in Thailand should match the purpose of your stay in the kingdom.Typically, for long-term residence, entrepreneurs and investors choose five main options: Of course, there are other categories of visas that are suitable for long-term residence in Thailand.In particular, … Read more
What is a startup visa in Thailand? The startup visa in Thailand is the SMART Visa category S (SMART S). The SMART Visa S is part of Thailand’s SMART Visa program. This visa type allows you to stay longer without … Read more
The Education Visa in Thailand: What Is It? The Non-Immigrant ED Visa, commonly known as the education or student visa, is intended for foreign nationals who wish to enter Thailand for educational purposes. This encompasses: The education visa allows foreigners … Read more
Rebranding of Thailand Elite Starting from October 1, 2023, new visa packages of Thailand Privilege are in effect. This program was previously known as Thailand Elite. The Thailand Privilege long-term visa offers the opportunity to reside in Thailand for a … Read more
Main Taxes in Thailand The main taxes in Thailand are: Direct Taxes: Indirect Taxes: The primary legal framework for taxation is the Revenue Code, which governs personal and corporate income taxes, VAT, specific business taxes, and stamp duties. The Inheritance … Read more
How to Obtain Thai Citizenship: The Advantages Obtaining Thai citizenship can significantly improve the quality of life for foreigners residing in the kingdom. Here are the main benefits: Most importantly, Thai citizenship secures your right to stay and live in … Read more
Permanent Residency in Thailand – Key Advantages General Requirements for Permanent Residency in Thailand Applications for permanent residency are processed by the Royal Thai Immigration Commission with an annual quota of 100 people per country, typically from October to December. … Read more
Introduction The Treaty of Amity and Economic Relations between the USA and Thailand, signed in 1966, offers significant benefits for American businesses operating in Thailand. This comprehensive guide outlines the advantages, limitations, eligibility requirements, and registration procedures for companies under … Read more
If you operate a company in Thailand, or are planning to establish one, the following information will be crucial for you. Effective February 7, 2023, the Civil and Commercial Code of Thailand (CCC) underwent significant amendments concerning corporate law. Here’s … Read more
Opening Representative Office in Thailand A foreign legal entity can open its representative office in Thailand with the primary function of providinginformation and assistance to its foreign head office.. According to the Regulation of the Office of the Prime Minister … Read more
A transnational corporation can open a regional office in Thailand. A transnational corporation is defined as a legal entity operating in multiple countries. To open a regional office in Thailand, it is mandatory to have at least one branch or … Read more
On August 25, 2023, Thailand’s Ministry of Interior adopted the Ministerial Regulation Prescribing the Types of Hotels and the Criteria for Hotel Business Operation No. 2 B.E. 2566 (2023). This regulation, enacted under the Hotel Act B.E. 2547 (2004), introduces … Read more
Key Points Do You Need to Make a Will in Thailand? If you have property in Thailand—such as real estate, money in banks, shares in companies, vehicles, or other significant assets—it is wise to make a will in Thailand. This … Read more
What is TISO? The Trade and Investment Support Office (TISO) is a type of business presence in Thailand that allows for non-tax incentives provided by the Thailand Board of Investment (BOI). The main benefit of TISO is the possibility of … Read more
Condominium in Thailand Foreigners can own condo units in condominiums. Condominiums are registered multi-unit buildings licensed by the Land Department, governed by the Condominium Act B.E. 2522 (1979). In Thailand, besides condominiums, there are multi-unit residential buildings where individual unit … Read more
Contract Law in Thailand Contract law in Thailand is primarily governed by the Civil and Commercial Code of Thailand B.E. 2468 (“CCC”). General provisions of contract law are outlined in Sections 354 to 394, while specific types of contracts are … Read more