U.S.-Thai Treaty of Amity Companies
The Treaty of Amity and Economic Relations between the United States and Thailand, signed in 1966, is one of the most significant agreements facilitating trade and investment between the two nations. The treaty grants American citizens and companies special rights and privileges to operate businesses in Thailand on an almost equal footing with Thai nationals. […]
Registering a Company Under the Thailand Board of Investment
Thailand’s Board of Investment (BOI) serves as a key government agency under the Office of the Prime Minister, designed to promote both domestic and foreign investment in Thailand. Through generous tax incentives, relaxed foreign ownership restrictions, and simplified visa and work permit processes, the BOI aims to attract companies that contribute to the country’s economic […]
The First Steps in Thai Limited Company Registration
Establishing a Thai Limited Company is one of the most common and effective ways for both Thai nationals and foreign investors to conduct business in Thailand. A limited company offers flexibility, limited liability, and a recognized legal structure under Thai law. However, before starting operations, entrepreneurs must follow a defined registration process governed by the […]
Establishing a Representative Office in Thailand
Establishing a Representative Office in Thailand is a popular option for foreign companies seeking to explore business opportunities in the Kingdom without engaging directly in income-generating activities. It provides a cost-effective and legally compliant way for foreign investors to gather market information, liaise with local partners, and support their parent company’s operations abroad. Understanding the […]
Mergers and Acquisitions in Thailand
Mergers and acquisitions in Thailand are key drivers of corporate growth, market consolidation, and foreign direct investment. They offer opportunities for companies to expand, diversify, or restructure. However, M&A transactions in Thailand are governed by a complex legal and regulatory framework that requires careful structuring, due diligence, and compliance to succeed. This article provides an […]
Thailand Income Tax
Thailand income tax system is governed by the Revenue Code B.E. 2481 (1938), which provides the legal foundation for personal and corporate income taxation. The system is administered by the Revenue Department (Ministry of Finance), responsible for issuing tax regulations, collecting taxes, conducting audits, and enforcing compliance. Thailand employs a progressive income tax system for […]
Foreign Business License
A Foreign Business License (FBL) in Thailand is required for foreign nationals or entities to engage in businesses restricted under the Foreign Business Act (FBA) of 1999. The FBA lists industries that are reserved for Thai nationals or where foreign participation is limited. Foreign companies wishing to operate in these sectors must apply for an […]
Thai Business Partnerships
Thai Business Partnerships. Thailand, a Southeast Asian nation known for its vibrant culture and stunning landscapes, also boasts a thriving business environment. If you’re considering entering this market, understanding Thai business partnerships is crucial for a successful venture. Types of Partnerships: Thai law recognizes two main types of partnerships: Ordinary Partnerships: These are informal agreements […]
Thailand Board of Investment
Thailand Board of Investment. Thailand, known for its vibrant culture, stunning landscapes, and robust economy, has long been an attractive destination for foreign investors. To facilitate and incentivize foreign investment, Thailand established the Board of Investment (BOI) – a pivotal agency dedicated to promoting economic development and fostering a business-friendly environment. The Genesis of Thailand’s […]