By informing yourself with respect to holding assets, doing [...]
Working without a work permit is not something someone should take lightly as the penalties applicable are quite harsh.
Penalties applicable to the Foreign Employee
A foreign citizen who:
- is working without a work permit or
- doing work other than that specified into the work permit
Is punishable by a fine of 5,000 THB + 3 months of [...]
Prior to the legal formation of a company under Thailand Civil and Commercial Code, the company’s name must be approved and then reserved at the Thai authorities.
The applicant must be a partner, a promoter or a director of that company. The form for reserving the company’s name is available at the: [...]
This article was written by Paul Ashburn, Senior Partner, BDO Advisory Limited.
BDO Advisory Limited, a limited liability company incorporated in Thailand, is a member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms. BDO is the brand name for the [...]
First let me say that it is between seller and buyer to negotiate who pays what in regards to taxes when transferring property or land in Thailand. The norm back in 2007 was that both seller and buyer shared the cost equally of property taxes in transfering a property, however as there are no absolute [...]
In order to close a Thai company you will normally have to contact two government authorities. The first is the Revenue Department (RD) and the other is the Ministry of Commerce (MOC).
The Revenue Department
If you are a VAT registered company, you have to apply for VAT de-registration within 15 days of [...]
Here is a comprehensive document covering general costs, tax rates, labour costs, utility, communication, transportation costs, misc costs and useful information in fact everything you need to know when considering starting an operation or business in Thailand.
Download pdf document Thailand costs_doing_business_2009
Courtesy of www.thailaws.com