Value Added Tax or VAT is an evaluation tax which applies to all wholesalers, manufacturers, producers, importers, shops and other entities offering direct services until exempted underneath the revenue Code. All corporations not included by the revenue Code exemption need to sign up and adopt the VAT system. Following are distinctive as exempted from VAT....Read More

As in any country worldwide international, the government of Thailand has established terms and conditions protecting the interests of both the company and the employee. Thailand’s labor protection Act 2541 (1998) of the department of labor protection and Welfare defines the rights of employees and the responsibilities of employers. underneath the provisions of the Act...Read More

Without a work permit, foreigners are not allowed to work even if they have got different types of visa. the following procedures need to be followed in applying for a Thai work permit or visa: The foreign worker should acquire a nonimmigrant visa or a resident visa before entering Thailand. this is required to be able to apply for a work permit. With a non-immigrant B visa, the overseas worker may begin to process the work permit. work permit application processing is carried out at the office of the Ministry of labor. the standard processing takes 7 business days, once in a while more. The overseas worker applying for a work permit need to have an available organization who will provide the files required for processing. The foreign employee need to also have a position or...Read More

Thailand started to understand overseas investment as an important element in growing the countryís economic system inside the 1950s through enacting its first investment promotion legislation in 1954 via the industrial promotion Act No 19. but, the shortage of an administrative agency limited this Actís effectiveness. The Industrial Promotion Act B.E. 2503 (1960) created the...Read More

Thailand gives all the factors a foreign investor would look for ñ inexpensive and hardworking personnel, an emerging bullish economy, a burgeoning domestic marketplace and a supportive government in terms of economic liberalization and growth. The driving force in the back of Thailandís extraordinary economic growth is overseas investment with the government supporting and inspiring...Read More

Foreign businessmen are welcome in Thailand. In reality, the Thai authorities is constantly encouraging overseas investment within the country through presenting a few incentives to people who qualify to function a business in Thailand under particular terms. For lots foreigners who’ve no background in Thailand laws and regulations, they need to do some research at...Read More

Businesses planning to operate a business in Thailand should take time to get familiarized with Thai laws on registration of companies.Companies in Thailand are classified under Thai laws as: Sole proprietorship – this is similar to sole business ownership structure in the United States.Partnership – this is the same as a partnership company in other countries. There are two...Read More