Business in Thailand
BOI Thailand: Board of Investment
Do you have a business idea in your mind that you wish to implement? If you think that Thailand is the best place for you to get your company registered, then there are a few things that you need to know about before registering your company in Thailand. You may get in touch with our …
Properly Closing a Thai Company
The current situation brought about by a global pandemic presents the need to close some businesses that can no longer sustain operations. Closing them is unfortunate but the need to do so properly remains. It is particularly important to settle all debts or unfulfilled contracts as failing to do so can be a ground for a court suit against the business’ directors and owners.
Comprehensive Guide to Starting a Business in Thailand
From a traditionally agricultural country, more than half of which consists of farmers, Thailand is sweeping towards industrialization, currently leaning heavily on agro-based industry, diversification of natural resources and exports (Prachimdhit, 1990). Adopting the Buddhist philosophy and policy of taking the middle path as its economic direction, Thailand has successfully achieved and balanced its three-fold …
Obtaining Important Business Documents in Thailand
Documents needed when performing business-related transaction in Thailand Obtaining a Non-immigrant Visa If you want to work in Thailand, you need a work permit. However, before you can apply or be issued a work permit you must have a non-immigrant visa. This is required to apply for a work permit. Ideally, it should be acquired …
Other Forms of Corporate Presence in Thailand
Branches of Foreign Companies There is no special requirement for foreign companies to register their branches in order to do business in Thailand. However, most business activities fall within the scope of one or more laws or regulations which require special registration, either before or after the commencement of activities. Foreign business establishments must, therefore, …
Types of Thailand Business Structures
There are three types of common business structures in Thailand. These are the Partnership, Limited Companies, and Joint Venture. We will briefly discuss them one by one below. Partnership Thai and Western concepts of partnership are broadly similar. Thailand provides for three general types of business structures: Unregistered ordinary partnerships, in which all partners are …
Businesses in Thailand
Thailand’s continuous economic progress can be attributed to the presence of sufficient infrastructure and an efficient workforce backed by strong government support. If you are in Thailand and would like to start your own business, it is advisable to acquire legal assistance from an expert lawyer to deal with all the legalities of establishing a …