The Ministry of Commerce of the Department of Business Development has issued the Order of Office of the Company Limited and Partnership Registration 205/2555. The order states that entities planning to set up a partnership or a company limited in Thailand must submit certified bank...
Thailand is one country in Asia that is bent in promoting the country to attract foreign investment. While maintaining their nationalistic stance, the government of Thailand has promulgated some legislative acts advancing the interests of foreign investors through the provision of tax incentives / relief...
Thailand has raised its minimum wage from Baht 220 to Baht 300 since April 1, 2012. Such a move was aimed at increasing the spending power and to offset the high costs of living in the country. Since the effective date, all workers in Thailand...
Hotel taxes in Thailand continue to baffle many property owners, given the volatility or new taxes that often seem to come and go. The surprising increase of the so called “local hotel tax” from 1% to 2% in Phang Nga Province resulted in fear among hotel business...
Condominiums in Thailand are regulated by the Condominium Acts of Thailand and are registered with the Thailand Land Department. Ownership of a condominium unit is, officially transferred through proper registration at the Land Office. There are taxes and fees payable upon registration, including transfer fee,...
