Foreign Business Act
The Foreign Business Act (FBA) is a cornerstone regulation governing foreign business activities in Thailand. It defines which business activities are open or restricted to foreign entities, establishing a framework that aims to protect local industries while encouraging foreign investment. 1. Overview of the FBA Enacted in 1999, the FBA outlines the rules under which […]
The First Steps in Thai Limited Company Registration
Setting up a business in Thailand requires that you reserve your company name, register for corporate tax and apply for value added tax (VAT). After these steps are complete, you will need to prepare a Memorandum of Association. A MOA must include the company’s name, province of registration, a declaration that shareholders’ liability is limited […]
Registering a Company Under the Thailand Board of Investment
Registering a company under the Thailand Board of Investment means that you will be eligible for a wide range of business incentives. These incentives vary depending on the industry that you are in and may include tax exemptions or other benefits. The BOI will focus on making businesses more competitive and innovative while also ensuring […]
US-Thai Treaty of Amity
The US-Thai Treaty of Amity grants American citizens protections not available to nationals of other nations. Most significantly, companies with American majority ownership are granted “National Treatment.” This means that they receive the same benefits as Thai companies. It also protects them from punishments under Thailand’s Customs Department’s arbitrary value-adding system. Business visas Business visas […]
Thailand Board of Investment
The Thailand Board of Investment (BOI) stands as a pivotal agency in Thailand’s economic landscape, driving foreign direct investment and spearheading economic growth. Established with a mission to attract and facilitate investments, the BOI plays a crucial role in propelling Thailand’s industrial and technological advancements. This article delves into the significance, functions, incentives, and application […]
Representative Office in Thailand
Representative Office in Thailand. Thailand’s strategic location in the heart of Southeast Asia, coupled with its dynamic economy and business-friendly policies, has made it an attractive destination for companies seeking to expand their global footprint. One avenue for international companies to explore opportunities in Thailand is through the establishment of a Representative Office. This article […]
Company Registration in Thailand
Company Registration in Thailand. Thailand, with its dynamic economy and strategic location in Southeast Asia, has become an attractive destination for entrepreneurs and businesses looking to tap into the region’s thriving markets. Registering a company in Thailand involves a systematic process governed by legal regulations. This article provides a comprehensive guide to understanding company registration […]