Thailand Work Permit – Working outside the Work Place and other Issues

January 28 2012 Categories: Thailand Visas & Work Permit, Thailand Work Permit No comments yet

Now a lot of foreign investors or employees in Thailand believe that once they have obtained a work permit they are safe and can do whatsoever they please. For example they believe that they can work anywhere they want or that they can also exercise activities which are not mentionned in their work permit. When a work permit is granted to a foreigner it will contain a mention of the work permit holder working place that is to say the location where the foreign employee is allowed to work as well as the work to be performed by the foreign employee

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Thailand Work Permit   Working outside the Work Place and other Issues

Thailand: New Corporate Tax Rates 2012

January 28 2012 Categories: Thailand Business, Thailand Taxes No comments yet

In order to improve Thailand competitiveness prior to the enforcement of the Asean Economic Community in January 2015 Thailand has recently moved to lower corporate tax rates that have become far more competitive than before.

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Thailand: New Corporate Tax Rates 2012

Thailand: Frequently Asked Question? Second Hand Leasehold

January 26 2012 Categories: Leasehold Ownership, Thailand FAQ, Thailand Property No comments yet

Is it worth purchasing a property in leasehold second hand?

Someone today’s asked whether it is worth purchasing second hand a property in leasehold?

Here again all depend what kind of property your purchase.

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Originally posted 2009-08-13 17:03:44.

Thailand: Frequently Asked Question? Second Hand Leasehold

Corporate: Incorporating a Thai Company Step by Step

January 26 2012 Categories: Thailand Business, Thailand Company Registration No comments yet

Why review the private limited company set-up?

The private limited company is the legal vehicle that is the most commonly used by foreign investors in Thailand that is why we will review hereinafter the formalities of registration of a private limited company.

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Originally posted 2009-07-24 11:17:21.

Corporate: Incorporating a Thai Company Step by Step

Thailand Bank: Foreign Exchange Control Regulations

January 26 2012 Categories: Exchange Control, Thailand Banking No comments yet

Is there any limitation as to the amount of foreign currency you may bring in?

You may transfer foreign currency into Thailand or bring it in cash without any limit.

However if you bring into Thailand in cash an aggregate amount of foreign currency exceeding USD 20,000 or its equivalent you must declare it to a customs officer and it you transfer foreign currency exceeding USD 20,000 or its equivalent you will need to file a Foreign Exchange Transaction Form (“FETF”).

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Originally posted 2009-08-02 06:44:07.

Thailand Bank: Foreign Exchange Control Regulations

Thailand Shadow Economy Poor Ranking

January 26 2012 Categories: Doing Business In Thailand No comments yet

I enjoyed checking from time to time studies and ranking about Thailand performance in today’s world. Now one study were Thailand is not doing good at all is the World Bank studies of the Shadow Economies.

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Thailand Shadow Economy Poor Ranking

Buying a Property: The first time developers

January 24 2012 Categories: Property General Issues, Thailand Property No comments yet

Should you purchase off plan?

From experience, we know that most problems occur when buyers purchase property “off plan”. Whether or not the transaction has a favorable outcome will depend solely upon one single factor: Did the buyer purchase from a reliable developer or not? Truth be told, purchasing off plan is no more dangerous when purchasing offshore than in your home country, as long  as you are purchasing from a reliable developer who operates in the country where you are purchasing.

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Originally posted 2009-08-10 06:01:41.

Buying a Property: The first time developers

Business Registration: Thai Commercial Legal Entities

January 24 2012 Categories: Thailand Business, Thailand Company Registration No comments yet

The second option available to a foreign investor who wants to start a business in Thailand is to register a trading commercial legal vehicle (for example a subsidiary under the form of a Limited Company or a branch of a foreign company). [this post is an updated draft that replace one of my first posts]

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Originally posted 2009-10-16 02:09:26.

Business Registration: Thai Commercial Legal Entities

Thailand Taxes: Understanding Thai withholding tax

January 24 2012 Categories: Thailand Taxes No comments yet

What is the Withholding Tax?

Withholding Tax is a tax collected by a deduction made on a payment when said payment is made. The payer who will remit it to the Revenue Department on behalf of the payee collects the tax. The tax the payer collect and remit to the Revenue Department on behalf of the payee will become a credit that will apply against the income tax (personal or corporate) due by the payee.

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Originally posted 2009-07-25 15:44:49.

Thailand Taxes: Understanding Thai withholding tax

Thailand Taxes: Is it easy to pay taxes in Thailand?

January 24 2012 Categories: Thailand Taxes No comments yet

Price Waterhouse recently published its 2010 “Paying Taxes 2010 the Global Picture” which consist of a comparative survey of how easy/difficult is it for an average company to pay tax in 183 countries. So how did Thailand do in this comparative survey?

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Originally posted 2009-12-14 07:15:20.

Thailand Taxes: Is it easy to pay taxes in Thailand?