Doing Business in Thailand

The Wholly Foreign Owned Company is one of the three principal business structures for foreign companies seeking to establish themselves in China. The two others are the Joint Venture and the Representative Office .  In this post we will discuss the benefits of setting up a WFOE.  This post is published as a courtesy of www.offshorepremium.com

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Our  American cousins have what they call the American Dream” “first expressed by James Truslow Adams in 1931, citizens of every rank feel that they can achieve a “better, richer, and happier life” (Source Wikipedia) meaning that anyone has a chance to become one day another Bill Gate. In Thailand we have another dream, far more modest; it is called the “Bar Owner” dream or the Bar Owner illusion to be more accurate.

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Originally posted 2009-11-06 05:07:54.

In the following section, we’ll review the differences between the three higher claims from the lowest to the highest.

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Originally posted 2009-09-15 02:23:39.

Do Thai value friendship with foreigners?

Generally they do but while Thais can seem very friendly at first understand that it is only an appearance. Friendly attitude is as much a part of ‘Thainess’ as the respect for authority.

Real friendship demands more than just a smile. You must be careful that things are not always what they seem.

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Originally posted 2009-08-12 13:17:13.

In Thailand many companies invest under the form of thinly capitalization, they are incorporated with a low capital and then they borrow money from their investors to finance their investment. This allows them to enjoy large tax deduction as they are entitled to deduct from their profits the interests paid.

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Originally posted 2012-04-24 19:37:15.

If you are a regular reader of my posts you already know that I believe that the “foreign investors that have purchased land through a company with Thai Shareholders that may be deemed nominees” is a big messy situation that at one point will need to be resolved.

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Originally posted 2009-11-01 07:03:18.

Due to the number of inquiries from readers about working in Thailand I would like to remind you as follows:

The definition of working in the Alien Working Act 2008 is very broad and work is basically any activity (physical or intellectual) whereby one exerts energy or uses knowledge, whether or not in consideration for wages or other benefits.

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Originally posted 2012-03-02 23:36:27.

Many foreigners enter Thailand for short businesses trip of one or two days whether for the purpose of negotiating an agreement, to attend or to speak at a conference, to provide technical support, or to source a local supplier, without being aware that the purpose of their visit requires a work permit in accordance with Thai laws.

Indeed Thai Labor law work definition is very broad and consists of exercising any activity whereby one exerts energy or uses knowledge, whether or not in consideration for wages or other benefits relating to business deemed as work under the law. It furthermore covers any work-related activity, either permanently or temporarily.

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Originally posted 2012-01-19 20:49:06.

The Revenue Department is the largest source of income for the Thai Government representing up to 80% of its revenues. Now as a result of the 2008 crisis the Revenue Department underperformed in 2009 (180 Billion Baht below target) while on the other hand the Government committed huge amounts of funds to support the economy increasing the public debt.

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Originally posted 2009-12-21 04:53:57.

I have generated for Readers convenience a TABLE OF CONTENT of all the post I published to date and in which I give my opinion on political or business related news in Thailand.I hope this table will help you to navigate more easily in my blog 

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Originally posted 2009-11-14 08:06:15.