Thailand

Running a business requires finding suitable clients, partners and suppliers. Learn how to expand your Business Network through Events!

In the dynamic world of finance and business, timely and accurate financial reporting is crucial for decision-making, assessing performance, and meeting regulatory requirements. Maintaining a regular and up-to-date bookkeeping is thus significant to visualize the performance of the company. At RBA, we understand that managing your company’s finances can be a complex and time-consuming task. That is why we offer a range of essential accounting services to ensure that your business operates at its full potential. Quarterly Bookkeeping Accurate and up-to-date financial records are the backbone of any successful business. Regular bookkeeping reduces the risk of financial discrepancies and errors,...

MBiA's latest Guide on Setting Up Your Tech Startup in Asia has been released and benchmarks the best Asian countries to start your startup!

A full guide on investment structuring and fund raising in ASEAN! This guide highlights the strength of the ASEAN and Singaporean start-up ecosystem. Read it or download it!

In this article we explore the best Employee Incentive Schemes to attract and retain top talents with PSOP, ESOP/ESOW and SAR. Read more!

The Long Term Resident visa of Thailand allows to stay and work in the country for 10 years along with extra benefits. We explain how to receive the visa and its advantages.

An overview on the different criteria and sectors that can qualify for investment promotion in Thailand by the Board of Investment and how to receive incentives

To apply for an investment promotion scheme with the Thai Board of Investment represents a few steps to keep in mind. We list them all here as a guide to benefit from the available schemes and promotions.

A Representative Office is a popular choice for foreign companies wishing to explore the Thai market or allow their head office to engage with their business interests in Thailand. One of the key benefits of a Representative Office is the reduced requirements for supporting a foreign employees Work Permit, making it a great choice for companies looking to establish a presence in Thailand. What is a Representative Office in Thailand? A Representative Office in Thailand is an office established by a foreign company who wish to have a presence in Thailand without having to apply for the Foreign Business License....

As you may know, MBIA recently launched it’s Digital Platform, to help you manage your business online. The platform was developed by BeCorps. Here is everything you need to know about the platform, and our partner company. Introducing Becorps Digital platforms are online solutions that enable multiple tasks to be performed in the same place through the internet. These platforms have become an essential part of the business landscape in recent years. Building a digital platform will enable faster innovation, higher-quality, and improved reliability. And they provide all this at a reduced cost for less time. That’s why we offer...

The Thai Civil and Commercial Code does not make any distinction between Thai and foreign shareholders. As a result, foreigners can freely register a company in Thailand without any Thai partner. However, there are some restrictions on the business activities that can be carried out in Thailand by foreigners under the Foreign Business Act B.E. 2542 (1999) (FBA). This is notably the case for most services activities that are restricted under the list 3 of the FBA. On the other hand, the Board of Investment allows up to 100% foreign ownership in companies investing in business activities that are deemed...

RISK AND CRISIS MANAGEMENT IN THE COVID-19 ERA Companies are facing unprecedented times as the measures being deployed to slow the spread of the novel coronavirus (“COVID-19”) are impacting capital markets, supply chains, and business operations. The uncertainties of the current environment serve as a powerful reminder to the Management of the demand for risk management and crisis planning. WHAT TO DO WHEN THE UNTHINKABLE HAPPENS Companies must understand the main scenarios that could most impact them and invest in appropriate control and response measures that reflect the exposure. Companies should continue to think of business continuity as a phased...

The standard rate for corporate income tax in Thailand is 20%. However, this rate varies based on the type of taxpayer. A reduced Tax Rate for SMEs and Companies promoted by the BOI  Small companies benefit from tax exemption up to 300,000 Baht (USD 9,620) while companies promoted by the Board of Investment (BOI) may be granted corporate tax exemptions up to 11 years depending on their business activities and their location (Thailand has implemented clusters). The main activities promoted by the BOI are (1) Agriculture and agricultural products, (2) Mining and ceramics and basic metals, (3) Light industry, (4)...

Companies operating in Thailand should be cautious about matters that could cause surcharges, fines or investigations by the Revenue Department. This article will guide you through the main common tax mistakes that businesses in Thailand often make. 1. VAT registration If the company has an annual turnover exceeding 1.8 million baht, the company must register with the VAT system (Form VAT 01) before commencing business or within 30 days after income exceeds the threshold. Failure to register on time may incur a penalty of two times the tax rate from any revenue over 1.8 million baht, with a 1.5% surcharge...

Don’t miss any business deadline in 2021 in Thailand with our Deadlines Calendar 2021 ! Payment, taxes, business reports, lodgements, public holidays… RBA is happy to offer your this useful document. You can also download it here : 2021 THAILAND deadlines Calendar             ——————————————————– My Business Asia is the best offer to help you for your accounting, corporate services, business set up, company incorporation,corporate services, bookkeeping, business structure and tax management, in Vietnam, Thailand, Hong-Kong and Singapore

Introduction Business that operate in Asia need to consider how best they should be structured to optimise their chances of success. Issues to be considered include the best way to structure the business from an efficient tax point of view, but at the same time taking into account the local practical operational conditions in the region. Successful businesses need to consider their business development strategy carefully, including their on-line presence and internet strategy across different countries with different cultures. Asian based business may also trade with non-Asian jurisdictions and will need to understand and plan across many different areas in...