Doing business in Thailand | Investments | Real estate | Taxes | Market entry | Relocation | Visas
The International Business Center (IBC) regime The International Business Center (IBC) regime in Thailand is a special regime designed for large businesses. It aims to strengthen Thailand’s role as a regional hub for international corporations. Thailand offers multinational companies the … Read more
General Information In Thailand, taxes and fees on real estate sales do not depend on whether the seller sold it at a loss, for example, having bought it earlier at a higher price. The seller is required to pay taxes … Read more
Possible Software Development Exemption The Thai government has recently announced amendments to the Foreign Business Act, which include removing ten service businesses, such as software development, from the restricted list. What Software Development Will Be Exempted According to the Draft … Read more
Sources of Labor Law in Thailand The main sources of labor law in Thailand are the Labor Protection Act B.E. 2541 (1998), which regulates the basic aspects of employment relations, and Sections 575-586 of the Civil and Commercial Code, dedicated … Read more
What Type of Company to Open in Thailand? A Private Limited Company (Co., Ltd.) is the preferred choice for foreign investors in Thailand due to its limited liability structure, similar to a Pte Ltd in Singapore, GmbH in Germany, or … Read more
What is an LTR Visa The Long-Term Resident (LTR) Visa is for high-potential foreigners, targeting: The LTR Visa holder’s spouse and children under 20 can also be included, up to four family members. LTR Visa Issuance Statistics On May 30, … Read more
Who is a Tax Resident of Thailand? The taxation of individual income in Thailand depends on their tax status and the type of income they receive. Anyone who stays in Thailand for 180 days or more in a tax year … Read more
Prenuptial Agreement in Thailand: Key Points The prenuptial agreement in Thailand, also known as an ante-nuptial agreement, is governed by Sections 1465–1469 of the country’s Civil and Commercial Code. If the spouses have not entered into a special agreement regarding … Read more
Leasehold in Thailand The terms “freehold” and “leasehold” are frequently used in Thailand, yet their meanings are often misunderstood. Freehold and leasehold are legal concepts predominantly utilized in the United Kingdom and the nations of the Commonwealth. Freehold signifies an … Read more
Land Ownership in Thailand Generally, foreign individuals and legal entities cannot own land in Thailand. Companies registered in Thailand where foreigners hold more than 49% of the capital, or if the majority of shareholders are foreigners, are also considered foreign … Read more
Brief History of Cannabis Legalization in Thailand Cannabis, known as “ganja” in Thailand, has been used in traditional medicine for centuries. However, in 1934, its use was criminalized following global trends at the time. The Marijuana Act was passed, prohibiting … Read more