Section 118 of Labor Protection Act B.E. 2541 states that the employer must pay severance pay to the employee who is terminated. Termination of employment is defined as follows. 1. Any act which an employer refuses to allow an employee to work without paying wages on expiry of contract of employment or any other causes […]
If you have an online business such as service, trading on the internet, creating website for trading, internet service provider, web hosting and hub of online marketing, you need to register your business into the E-commerce system. It does not matter if you are a company, partnership or individual. To register, the following documents are […]
This post is about how to set up a factory in an industrial estates, which are governed by the Industrial Estates Authority of Thailand. If you are a foreigner and want to own the factory without having to have a local partner, it is possible. Your business may be eligible for Thailand BOI. Following is […]
There are 3 types of place in Thailand where a factory can be located; industrial estates, industrial parks and other areas (elsewhere outside the first two types). The difference among the three types is as follows. Industrial estates An industrial estate is an area of land specified for industrial purpose providing infrastructure like electricity, water […]
Thailand BOI companies, apart from making sure they are in compliance with the conditions stipulated in the certificate issued by the Board of Investment have to submit a form to open their BOI operation within 3 years from the date of certificate issuance. In doing so, they have to be able to prove, for example, […]
According to Section 17 of the Investment Promotion Act, the BOI promoted person shall be a company, a foundation or a cooperative established in accordance with the respective laws of Thailand. An Individual or partnership cannot get Thailand BOI promotion, but an individual can represent the company in dealing with the Board of Investment. Apart […]
One of our clients is faced with an employment issue. In the company’s work rule, it provides 15 days of annual leave which is much more beneficial than the Thai Labor law requirement which is only 6 days per year. There is no restriction that the employee must take all annual leave within the year. […]
Q: I’m interested in Thai limited company registration with 100% foreign ownership. Also I need work permits and non-b visa for 5-10 foreign IT engineers. My Company is IT Software developer. I already have the same business in my country, but decide to make it global with headquarters in Phuket. Do I understand correctly that […]
After receiving the approval notification letter from Thailand BOI, the next steps that the applicant needs to do is to submit the documents as follows: Promotion acceptance form: You need to file it with the Board of Investment within 1 month, after you received the approval notification letter. Accompanying Application for Promotion Certificate form (Form […]
There are many types of manufacturing activities qualified for Thailand BOI promotion. In this post, we will look at the down-stream steel industry. Manufacture of down-stream steel is in the list of activities eligible for promotion. Thailand Board of Investment gives the promoted companies a corporate income tax exemption and non-tax incentives differently according to […]