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…
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…
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…
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…
A joint venture in Thailand is an agreement between two or more parties, which are companies, come together for the same business purpose. The partnership may be formed by two companies merging or by two companies coordinating the business activities in a joint manner. Joint ventures between Thai and foreign companies are common…
For persons who are non-residents of Thailand, setting up a bank account in this country is an option that heavily depends on an important condition, namely the possession of a work permit/visa here. Persons who possess one can open a bank account in Thailand at one of the following banks: Bangkok, Thai Bank, Kasikorn, Siam…
Foreigners who are taking into consideration establishing their business presence in the Thai market can choose to incorporate the company under several legal entities available for foreign nationals. It is advisable to receive the assistance of the local specialists for this procedure, as the local legislation provides several stipulations related to the business activities…
Herrera and Partners (ThaiCompanyFormation.com) is a firm specialized in offering company incorporation and other business related services to local and foreign investors. We offer complete company formation services to entrepreneurs and foreign investors interested in starting or expanding businesses in Thailand. Our team of Thai company formation experts can also provide clients with other related services, such as: accounting or legal…
WE ARE THE NO. 1 SPECIALISTS IN COMPANY FORMATION IN THAILAND We can assist investors throughout the entire company registration procedure in Thailand in order to legally set up their businesses in this country.Tax incentives are in addition to the favorable business climate in Thailand. Investors can benefit from tax and non-tax…
