Set up a Branch Office in Thailand

Set up a Branch Office in Thailand

The branch is an extension of the parent company and one of the ways in which foreign corporations can enter the Thai market.A branch office is an ideal choice for multinational companies that want to develop a presence in Thailand’s business market but do not want to open a new company in Thailand. …
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Thailand-Ireland Double Tax Treaty

Thailand-Ireland Double Tax Treaty

The Thailand - Ireland Double tax treaty was signed in 4 November 2013. The aim of such a treaty is to avoid double taxation and avoid fiscal evasion. Double taxation occurs when the same income or capital gain is taxed by two countries. It generally happens when the income is generated in one state and is paid…
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Open a Retail Business 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…
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Establish a Travel Agency in Thailand

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…
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Open a Consulting Business in Thailand

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…
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Set up a Recruitment Company in Thailand

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,…
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VAT in Thailand

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…
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Taxes in Thailand

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…
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Open a Holding Company in Thailand

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…
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