For almost a year, the insurgency in the Deep South of Thailand showed no signs of respite or truce. In March, Narathiwat Province was rocked by two bombs that went off, another bomb that exploded within the Pattani commercial center, and a shooting also in Pattani had caused injury to five people. These incidents happened [...]
Thailand is earning praises from the international community in terms of its economic performance amidst political turmoil, devastating flood aftermaths, etc. Such have been offset by a well-developed infrastructure, pro-investment policies, strong export sector and a free-enterprise economy. Steady growth achieved is owed largely to agricultural and industrial exports – from agricultural commodities, electronics, and [...]
Before any shareholder could have voting rights, he or she must be a shareholder of a company. Here are ways to become a shareholder or stakeholder of a company in The Kingdom of Thailand. Under the Public Limited Companies Act BE 2535 (1992), Section 36 states that, “The election of directors shall be in accordance [...]
Thailand’s economy is driven by foreign investment and the export industry. This means that the Thai government allows foreign companies to set up and operate in Thailand subject to the Thai laws on business or investment. Foreign Business Act is the main Thai law in defining foreign ownership. Most foreign investors will set up their [...]
When corporations or companies are formed and created, the ownership of the individuals or persons who have contributed or invested a certain amount of money to the company, is measured by stocks. Common Stock Common stock is ownership in a company very similar to the stocks that people are so used to trading. Companies sell [...]
As in most other countries in the region, Thailand employers are mandated by law to provide certain benefits to their employees. Such benefits require contributions from both the employers and the employees. The following lists down some of the mandatory benefits imposed by Thailand for those working in Thailand: Social Security Fund (SSF): Mandatory: 3% [...]
As in any country, tax payments in Thailand are important for the country’s economy. Taxes collected are used to fuel up the economic activities of the country – infrastructure, health and education services, basic necessities, and to support financial requirements of the government in running the country. With all of these services dependent on tax [...]
Tax Payment Schedule in Thailand The taxpayer in Thailand should file a Personal Income Tax Return (PIT) and make payment to the Revenue Department within the last day of March of the following tax year. For taxpayers who derive their income as per category (5) – (8) during the first six months of the taxable [...]
Foreign investors in Thailand usually establish a Thai limited company which is equivalent to the western countries’ corporation. This means the foreign investor will have local Thai counterparts for the limited company to legally exist. When the time comes to dissolve the limited company, for bankruptcy or other reasons, Chapter V of the Thai Limited [...]
Thailand is a known hub for car manufacturers, especially of Japan made vehicles. The country provides a sound business environment for leading Japanese carmakers such as Toyota Motor Corp., and Nissan Motor Corp. Official data showed that Thailand bought 54 percent of auto components from Japan in 2012, making the importers “too pleased with the [...]
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