In Thailand, a foundation is consists of property specially appropriated to public charity, religion, arts, science, literature, education or other purposes for the public benefit and not for sharing profit and has been registered under the provisions of the Civil and Commercial Code. The property of a foundation must be managed for implementing the objects […]
Thailand BOI has prescribed investment policies in order to relieve the fiscal burden of the government and to respond to current and future economic situations as follows: 1.1 The efficiency and effectiveness of tax privileges given shall be enhanced. Privileges shall be granted to projects that actually benefit the economy and good governance shall be […]
Foreigners who want to work in Thailand can apply for Residence Permit provided that the following qualifications are met: The applicant has to be in a position of executive officer such as President of Committee or Committee of juristic person registered in Thailand with a capital of at least Baht 10 million and is authorized […]
Thailand BOI has recently approved a new promotional incentive package to help small and medium enterprises (SMEs) increase capabilities. The Thai BOI also approved a new promotional incentive package to help existing SMEs enhance their machinery efficiency in order to boost their competitiveness. Thus, interested companies will have to apply for the incentives before 31 December […]
Thailand BOI question: As a company engaged in software business, can we include a car bought under the company’s name in our investment capital per BOI promotion condition? Answer: A car purchased in the company name can be considered part of investment. However, it must be reasonable. For an instance, you informed the BOI that […]
Question: When applying for a BOI promotion in Thailand, do we have to be interviewed by BOI officers? How long will it take for the interview? What questions do they usually ask? Answer: Yes, after submitting the application forms for Thailand BOI promotion to the Board of Investment, you need to contact the responsible officer to […]
In consideration on approval of service business for the affiliated or group company, the Foreign Business Committee will consider the details of information in the application for the foreign business license together with the supplementary documents according to the scope of the services to the affiliated company or group company as follows:- For Business in […]
This is a continuation of the previous article regarding the Foreign Business License application of service business for the affiliated or group company. Here, we list the information and supplementary documents for the consideration of Foreign Business License application. In consideration on approval of service business for the affiliated or group company, the Foreign Business […]
Foreign businesses can be permitted to operate in Thailand provided that proper licenses are obtained before the start of operation. Today, we discuss the guidelines of consideration on the permission for Foreign Business Operation in the category of services to affiliated or group company. In general, providing services to the affiliated or group company which […]
There are certain ways on how foreigners can do business in Thailand. If a certain business is restricted to foreigners, one must obtain a Foreign Business License in order to be permitted to operate in Thailand. When applying for a Foreign Business License, details of the type of business for which a license application is […]