Articles - Page 11 of 12 - Company Formation in Thailand

Open a Retail Business in Thailand

Foreign entrepreneurs who are interested to open a retail business in Thailand can take advantage of the country’s strategic position in Asia, which is beneficial due to its geographic location as a gateway to the center of Asia, with convenient access to the dynamic markets of the area, as well as due to…

Thailand-U.S. Double Tax Treaty

If you are a foreign citizen looking to open a company in Thailand, it is important for you to know that, because of the rapid growth of the international trading market and the growth of economic relations between the nations, double tax treaties have increased their numbers worldwide. The Thailand-U.S. double tax treaty was signed in 1997, marking…

Establish a Travel Agency in Thailand

If you are a foreign investor looking to establish a travel agency in Thailand, you should know that the tourism sector is one of the most profitable industries in this country. Thailand is one of the top locations to visit for adventure purposes but also for its cultural heritage. Many people enjoy visiting Bangkok while others travel…

Open a Consulting Business in Thailand

In the last few years, the global consulting industry registered quite important growths, being valued at USD 205 billion in 2011 and increasing with an approximate Compound Annual Growth Rate (CAGR) of 4.1% up to 2016, according to Consultancy.uk. The same source determined that Asia Pacific countries, including Thailand, are the…

Set up a Recruitment Company in Thailand

Recruitment companies in Thailand are set up to enable a business to hire personnel. Recruitment companies can also assist Thai businesses to employ personnel from abroad. The recruitment industry in Thailand is quite a developed one, with many Thai professionals looking for places to work and expats interested in acquiring a job in the land of smiles. However,…

Open an IT Company in Thailand

The IT field in Thailand is an industry which qualifies for special Board of Investment (BOI) promotion, being one of the most developed industries in the country. Foreign investors generally face certain disadvantages when setting up a company in Thailand, because of the restrictions set in place to protect jobs for local citizens. However, the BOI…

VAT in Thailand

VAT registration in Thailand is required when starting a business if the new company is projected to have a turnover that surpasses a certain amount. This tax was introduced in order to replace an older business tax. The value-added tax is a type of indirect taxation on the value-added of each phase…

Taxes in Thailand

The taxation system in Thailand is mainly regulated by the Thai Revenue Code, which governs the corporate income tax, the VAT, the Specific Business Tax and the stamp duty. Customs taxes are governed by the Customs Act. The excise taxation is regulated by the Excise Act and the petroleum income tax is governed by the…

Double Tax Treaties in Thailand

Thailand has signed various “Agreements of the Avoidance of Double Taxation”, also known as double tax treaties, with numerous countries. The aim of these treaties is to avoid a company from a certain country to be taxed twice on income earned in the other country. The provisions of a double taxation treaty can be explained by…

Open a Holding Company in Thailand

A holding company is a corporation with no substantial activities of its own, whose business operations consist primarily of holding shares in other active firms (domestic and/or foreign) and accomplishing its earnings from these types of investments. A holding company is also a company created to buy and own the shares of other companies, which…