Why Offshore?
By informing yourself with respect to holding assets, doing [...]
Archive for the ‘Accountants’ Category
Work Permit: Working with no Work Permit | Penalties
October 1st, 2010 
doctor 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 [...]
Thai company name registration
September 28th, 2010 doctor 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: [...]
Thai Labour laws
September 14th, 2010 doctor Labor matters are generally governed by the Labor Protection Act B.E. 2541 (1998) and the Civil and Commercial Code Section 575 to Section 586 on Hire of Services. Other laws include:
Labor Relations Act B.E. [...]
Thai Laws
September 5th, 2010 doctor Here is an introduction to a really useful web site namely THAILAWS.COM
The content of this web site is awesome and of use to anyone living, renting or working in Thailand.
THE OBJECTIVE OF WWW.THAILAWS.COM IS TO PROVIDE THE USEFUL INFORMATION ABOUT THAILAND, THAI ACTS AND LEGAL INFORMATION FOR [...]
Posted in Accountants, Banks, Business Guide, Buying property, Doing business, Lawyers, Thai taxes 
No Comments »Tax & Legal News September 2010
September 5th, 2010 doctor 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 [...]
Transfer fees who pays what?
August 26th, 2010 doctor 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 [...]
Procedure for closing your company
July 29th, 2010 doctor 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 [...]
Costs of doing business in Thailand
July 24th, 2010 doctor 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
Posted in Accountants, Business Guide, Doing business, Thai taxes, Visas, Work Permits No Comments »Villa resales for foreigners
June 19th, 2010 doctor Offering properties for “sale” to foreigners under a long term registered lease is becoming the norm for new developments in resort areas. Even condo developments limited to offering 49% of their freehold capacity to foreigners may offer the remaining units to foreigners on a long term leasehold.
If however you are considering purchasing a resale villa [...]
