Thailand Business & Thailand Property Info Blog
February 5 2010 Categories: Thailand Business No comments yet
This is my second post on the subject of Minimum Capital Requirement. I will discuss this time the minimum capital requirement for foreign BOI promoted companies. For Non BOI companies please refer to my previous post Doing Business in Thailand: Minimal Capital Requirements dated of 21 January 2010. Read more…
February 1 2010 Categories: Thailand Visas, Thailand Visas & Work Permit No comments yet
Pursuant to Thai Immigration Law; any foreign citizen who wishes to enter the Kingdom of Thailand is in principle required to obtain a Visa from a Royal Thai Embassy or a Royal Thai Consulate-General prior to entering Thailand.
Originally posted 2009-07-29 10:42:10.
February 1 2010 Categories: Doing Business In Thailand No comments yet
This morning was published Thailand economic forecasts for 2010. According the Fiscal Policy Office, Thai Economy will rebound next year with a growth of 3.5% next year. Not as good as the growth forecasts for other Asian countries but not so bad country that has been trough 3 years of political crisis and a world economic crisis.
Originally posted 2009-12-29 06:58:51.
February 1 2010 Categories: Condominium Ownership, Thailand Property No comments yet
Should you buy your condominium unit in person or should you register an offshore company to purchase it on your behalf? Both options are available with their advantages and drawbacks.
Originally posted 2009-08-24 11:43:20.
February 1 2010 Categories: Understanding Thailand No comments yet
While the purpose of this blog is to inform on how to do business and not to do politic I will nevertheless from time to time dedicate a post to Thai Political Crisis. Indeed Thai Political crisis that has been ongoing since September 2006 has dramatically affected Thai society as a whole and also have caused a lot of distress within the local business community and also the foreign business community with an important diminution of foreign direct investment.
Originally posted 2009-08-23 13:49:56.
February 1 2010 Categories: Doing Business In Thailand, Thailand Business No comments yet
To enhance investment confidence and apparently to facilitate their life the government has established a One Start One Stop Investment Center (OSOS). The primary objective of the center is to help investor to start their business by regrouping up to 18 different administrations under a single roof. Will it help Thailand to regain foreign investors confidence.
Originally posted 2009-12-02 01:50:44.
February 1 2010 Categories: Condominium Ownership, Thailand Property No comments yet
If you are married, you have two options when buying a condominium freehold in Thailand. You may either wish to buy the condominium in co-ownership with your foreign or Thai spouse or you may purchase it solely under your name by fulfilling some simple requirements. What you cannot do is to lie about your marital status in order to purchase a condominium in sole ownership while married
Originally posted 2009-08-20 05:25:22.
February 1 2010 Categories: Understanding Thailand No comments yet
To start the year with a smile Thai Airways Board is fortunate that ridicule does not kill otherwhise it would have been decimated which would have been sad those guys that have given us so many reasons to laugh recently.
Originally posted 2010-01-05 07:26:01.
February 1 2010 Categories: Thailand Business No comments yet
One question that many investors are asking is whether it is expensive to do business in Thailand? The answer is mixed. On the positive side, Bangkok is according to a CB Richard Elis survey ranking 151st out of 179 markets in terms of office rental costs. Average rental costs in Bangkok for prime grade office are around 694 THB per square meter/per month (or 21 USD).
Originally posted 2009-12-11 06:52:35.
February 1 2010 Categories: Thailand Visas, Thailand Visas & Work Permit No comments yet
On the 11 September 2009, Thai news reported a new crackdown on back-to-back Tourist visa applications under the form of an extended screening of visa applicants. Unfortunately I must say that this latest measure does not surprise me and is only one side of a new policy started by the immigration department around two years ago as part of a “spring house cleaning”.
Originally posted 2009-09-12 06:32:32.
February 1 2010 Categories: Thailand Foreign Business Act No comments yet
The Foreign Business Act B.E. 2542 (A.D.1999) (“FBA”) was enacted on March 4, 2000 to replace the Alien Business Act of 1971. The FBA does not regulate the entire matter of foreign investment in Thailand. The FBA purposes are:
Originally posted 2009-07-21 08:54:44.
February 1 2010 Categories: Thailand Business, Understanding Thailand No comments yet
If I had to qualify the Thai legal system, I would say that Thailand is a country ruled by Civil Law with a touch of Common Law. Civil law is one of the predominant system of law in the world. The other being common law, which is the legal system developed among Anglo-Saxons people.
The main difference between the two systems is that civil law is laid down from abstract rules and judges must apply those rules to the various cases before them. Read more…
Originally posted 2009-07-23 05:17:20.
February 1 2010 Categories: Property General Issues, Thailand Property No comments yet
When the time come to invest most people tend to consider real estate as the most secure long term investment.
This is true for many reasons, one of which being that while companies may go out of business real estate properties will exist forever. In addition, but for period of bump like the current crisis, the average price of properties will appreciate over the long term steadily.
Originally posted 2009-07-27 05:57:28.
February 1 2010 Categories: Thailand Banking No comments yet
One criteria you will have to consider when investing into Thailand will be the long term volatility of the currency of your home country against the THB because the evolution of the exchange rates will be one of the element that will affect on the long term your return on your investment. Being no financial wizard I cannot tell you how currencies will evolute against each others in the future. What I can show you is how some of the main world currencies have evolved against the THB during the past four years.
Originally posted 2009-10-14 02:03:45.
February 1 2010 Categories: Doing Business In Thailand, Thailand Business No comments yet
For reason I cannot come to understand many foreign investors view Thailand as a place where you can do business as you want without having to worried of the potential consequences. Nothing could be farthest from the truth than this belief.
Originally posted 2009-11-08 07:06:53.
February 1 2010 Categories: Thailand Visas & Work Permit, Thailand Work Permit No comments yet
If you are working without a work permit the first thing you must understand is that you are at risk of a control either from the Labor Officer or the Immigration Officer.
Originally posted 2009-11-25 04:22:54.
February 1 2010 Categories: Thailand Business, What's Up at DBT No comments yet
For those who did not have a chance to read it an excellent article by Martin Petty (Reuters 1 February 2010) discussed the dangers ahead of us in Thailand, that is to say political instability and the threat of a coup.
February 1 2010 Categories: Doing Business In Thailand, Thailand Business 2 comments
Note: This post is not entirely new. This subject was first posted as a Page called “Nominee Issue”. I’m about to modify the look of the blog and decided that some of the subjects discussed in pages would now be treated as posts. Of course I updated the content of this post to reflect the current situation.
The “Thai Nominee” issue is the more acute problem of foreign investment in Thailand and we will discuss here the many aspects of this problem.
Originally posted 2009-10-12 01:18:43.
February 1 2010 Categories: Understanding Thailand No comments yet
In a nutshell “Thainess” is a concept that provides the foundation for social harmony and the respect of order in a patriarchal, hierarchical society where people display cool heads, warm hearts, gratitude and public deference.
“Thainess” has a lot of by-products that we will discuss from time to time in this blog.
Originally posted 2009-08-11 12:47:19.
February 1 2010 Categories: Thailand Visas & Work Permit, Thailand Work Permit No comments yet
Once again the foreign community is busing with rumors of a next hike of work permit fees that would soon increase up to 7,000 THB. Of course as a foreign investor I regret any increase of fees or anything which will make the situation more difficult for foreign investors in Thailand. Read more…
Originally posted 2009-09-01 10:50:05.
February 1 2010 Categories: Thailand Taxes No comments yet
In this post I will try to give readers a few tips on how to manage Tax Audits. I guess that readers would prefer tips on “how to avoid a tax audit”. Unfortunately, in Thailand, you cannot avoid tax audit. To the contrary, you may expect regular mandatory visits from the Tax Administration.
Originally posted 2009-10-08 05:12:15.
February 1 2010 Categories: Thailand Visas, Thailand Work Permit No comments yet
Foreign investors who wish to come into Thailand to conduct a business or to work must first obtain a Non Immigrant Visa B with a Royal Thai Embassy.
The Non Immigrant Visa B will allow you to stay in Thailand for a period of not more than 90 days at a time. This visa may be granted for a single entry or multi entries.
Originally posted 2009-07-29 08:45:28.
February 1 2010 Categories: Doing Business In Thailand, Thailand Business one comment
A reader told me the other day that my series of “starting business in Thailand” was a bit skeptical as if I was marked by doubt that it was possible to do business successfully in Thailand.
Not at all, Thailand is as good a place to do business as any other. What I’m trying to convey in this series of articles is that investors should not expect miracles because they will be confronted to 3 problems.
Originally posted 2009-11-12 02:41:19.
February 1 2010 Categories: Thailand Visas, Thailand Visas & Work Permit, Thailand Work Permit No comments yet
In France we have this joke of a Prime Minister giving a speech to restore confidence and saying:
” Last year we were on the brink of a cliff but I’m proud to tell you all that we have made a big step forward “.
Originally posted 2009-07-28 11:25:22.
February 1 2010 Categories: Thailand Business, Thailand Company Registration No comments yet
In this post we will discuss the voting rights of shareholders at the shareholder meeting of a Thai limited company depending of the amount of their shareholding.
Originally posted 2009-11-23 04:47:10.
February 1 2010 Categories: Understanding Thailand No comments yet
In Thailand, there is a “little something” in the air, I can’t point exactly what it is maybe too much somtam (local spicy papaya salad) or Singha (local beer) but from time to time an ordinary person will lose all focus and reason and over a few years will go from the status of a respected professional to a pitied fool.
Originally posted 2009-11-22 05:10:08.
February 1 2010 Categories: Doing Business In Thailand, Thailand Business 2 comments
Note: This post is not entirely new. This subject was first posted as a Page called “Nominee Issue”. I’m about to modify the look of the blog and decided that some of the subjects discussed in pages would now be treated as posts. Of course I updated the content of this post to reflect the current situation.
This post is a continuation of my previous post on the nominees issue and i will try here to explain how does one make the distinction between a real shareholder on a nominee.
Originally posted 2009-10-13 03:15:26.
February 1 2010 Categories: Doing Business In Thailand No comments yet
Any employees between 15 to 60 years old and their employers must make monthly contribution to the social security. Now what are the exact costs of social security in Thailand?
Originally posted 2009-12-13 09:45:23.
February 1 2010 Categories: Doing Business In Thailand, Thailand Business, Thailand Foreign Business Act No comments yet
“So when the woman saw that the tree was good for food, that it was pleasant to the eyes, and a tree to be desired to make one wise, she took of its fruit and ate. She also gave to her husband with her, and he ate.” (Gen3:6).
This extract of the genesis sum up the story of foreign investment in Thailand.
Originally posted 2009-08-17 06:51:07.
February 1 2010 Categories: Doing Business In Thailand, Thailand Foreign Business Act 3 comments
Many countries are currently negotiating Free Trade Agreements with Thailand and the citizens of those countries are waiting impatiently for the benefits they will get out of these free trade agreements. Hopefully, they will finally be able to invest in Thailand without having to make allegiance to “You-Know-Who” “He/She-Who-Must-Not-Be-Named” that is to say the Thai Wife, Boyfriend or the Thai shareholder that may be deemed a nominee.
Originally posted 2009-11-09 05:26:48.
