Question 1

What are the requirements for hiring foreigners in Thailand?

Accepted Answer

To hire foreigners in Thailand, companies must obtain a work permit and visa for the employee. The process involves meeting specific criteria, including having the required paid-up capital, employing Thai staff, and demonstrating the need for foreign expertise.

Question 2

How does the Board of Investment (BOI) promotion benefit foreign businesses in Thailand?

Accepted Answer

BOI promotion offers various benefits to foreign businesses, including tax incentives, permission to own land, eased foreign ownership restrictions, and streamlined processes for work permits and visas for foreign employees.

Question 3

What are the key tax considerations for foreign companies operating in Thailand?

Accepted Answer

Foreign companies in Thailand need to consider corporate income tax (generally 20%), value-added tax (7%), withholding tax on various payments, and personal income tax for employees. It's crucial to understand tax treaties and potential benefits or obligations.

Question 4

How can foreign businesses navigate regulatory challenges in Thailand?

Accepted Answer

To navigate regulatory challenges, foreign businesses should seek professional advice, stay updated on legal changes, consider BOI promotion, and ensure compliance with all relevant Thai laws and regulations, including those related to foreign business restrictions and labor laws.

Question 5

What are the main business structures available for foreign investors in Thailand?

Accepted Answer

The main business structures for foreign investors in Thailand include Limited Companies, Branch Offices, Representative Offices, and Regional Offices. Each structure has different requirements, limitations, and benefits, so it's important to choose the most suitable option for your business needs.

Latest News

All Posts

First Half of 2025 Sees 139% Growth in Foreign Direct Investment Into Thailand , reaching USD 32.5 billion

Comprehensive Guide on the New Employee Welfare Fund for Foreign SMEs in Thailand

Thailand Board of Investment 2025 Policy Changes and Compliance Framework for Foreign Enterprises

Thailand’s E-Tax Invoice Guide for SMEs and Foreign Investors in 2025

Professional Payroll Outsourcing Services in Thailand for International SMEs

Shorter Lead Time for Financial Reporting is Transforming Data-Driven Decision-Making Processes for Foreign SMEs in Thailand

Thai Government Introduces New Tax Reduction Schemes for Special Economic Zones in 2025

Thailand Makes Several Changes to Withholding Tax in 2025, Including Mandatory E-Filing

Overview of Auditing Practices in Thailand: Key Insights into Thailand’s Financial Compliance

Cabinet Preliminarily Approves Amendments to the Foreign Business Act Aiming to Simplify Thai Market Access for Foreigners

Services

Insights

About Us

Contact Us