Doing Business in Thailand

Please be reminded that as a result of the damages resulting from the flood the government has temporary reduced the social security contributions due by employers and employees. I take this opportunity to remind you that social security contribution are calculated on a salary from 0 to 15,000 THB per month and that the part of the salary in excess to 15,000 THB is not take into account.

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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.

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Originally posted 2009-10-13 03:15:26.

The VAT system was introduced in Thailand in 1992 that is to say at the same time than the Special Business Tax (SBT). In a nutshell most transactions (exchange of goods or services) that are occurring in Thailand are either subjected to VAT or to the SBT.The principle of VAT is simple, any business which having a turnover of more than 1,800,000 THB per annum, and that is not subject to the Special Business Tax, must register for VAT within 30 days of the date they reach 1,800,000 THB in sales.

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Originally posted 2009-11-15 05:12:28.

Is Thailand a safe country?

Yes. Thailand has low violent crime statistics compared to other countries such as France or the US. Of course, violence does exist but is not often directed at foreigners. While there are from time to time crimes against foreigners, they are still rarer than in your homeland and when foreigners do get into trouble, they, often bring it upon themselves.

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Originally posted 2009-07-23 13:06:14.

This month we finally passed the bar of 10,000 readers per month. I have been working for 18 months on this blog and it is nice to see that my post are read. I would like therefore to take this opportunity to thanks all our faithful readers for their support.

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Land Development is an activity that attracts many foreign investors in Thailand. I often wonder why because it is really a tricky activity to invest into if you are a foreign investor for several reasons as follows:

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Originally posted 2009-11-10 06:17:05.

I was not satisfied with the content of Friday’s post and I redrafted it

To help you to better understand the difference between a condominium and an apartment building I need first to clarify the definition of the term of “condominium”. For example, most people in Thailand commonly associate the term “condominium” with the concept of an “individual unit” into a “multiple unit building” generally a high rise that may only be sold freehold but condominium ownership is actually far more than this.

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Originally posted 2009-09-27 07:36:30.

They are more than a few Tom, Dick and Harry that come to do business in Thailand armed with a “colonial” false sense of superiority. This is a mistake, even if Thailand did not yet achieve European, Japanese or US standards in all matters do not be mistaken about it. Thailand is a developed country. At least economically, politically that is a story for another day.

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Originally posted 2009-11-03 08:15:01.

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 this post I just want to remind you of the obligation made to foreigner to report every 90 days to the immigration office. Indeed, this is a requirement of Thai immigration law that we often forget.

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