Taxpayers Rights
As a foreigner doing business in Thailand, you may know that you have a duty to register a tax ID, file tax returns, co-operate with the tax officers, and of course, you have to pay tax as assessed by tax officers ON TIME. Should a taxpayer fail to pay a [...]

What should you do when a Tax Officer comes to your office?
The Revenue Department has a policy to meet every company at least once a year in a “General Visit”. Most often the general visit will be a surprise visit and you will not be informed in advance.
In a general visit [...]

Here below are Accounting Tips and extracts from Khun Sirirat of Thai Accounting  www.thaiaccounting.com which for anyone running a business in Thailand will find invaluable.
I have to say that in real life accounting can be either an angel or a ghost, depending on how well it is managed. Accounting is hardly a favourite [...]

What is the minimum capital requirement to incorporate a foreign owned Limited Company?
The minimal capital requirement to incorporate a foreign owned Thai limited company will be 2,000,000 THB (Section 14 of the Foreign Business Act) if the foreign owned company exercises an activity that is not controlled under List 2 and [...]

Is Thailand open to foreign investment?
Absolutely, many foreigners are exempted from visas requirements and as you will see foreigners are welcome to invest in nearly all sectors of activities in Thailand without needing any prior authorization providing that they do a minority investment (less that 49% of a business shares in [...]

Background
When purchasing property in Thailand. In order to transfer money used to purchase property or land back out of the country at a later date you will need proof from the bank that the monies were used for this purpose and you will need to get a Tor Tor 3 form or [...]

First, you must have a Non-Immigrant visa to apply for a work permit.
With a few exceptions, all foreigners engaged in any kind of work in Thailand must hold a valid work permit. These are issued by the Department of Employment, part of the Ministry of Labour and Social Welfare.
The term “work” [...]