1. Doing Business in Thailand

2. Economy Overview Region : East Asia & Pacific
Income Category : Upper middle income
Population : 66,785,001
GNI per Capita (US$) : 5,210
City Covered : Bangkok – Central
Chiangmai – North
Phuket – South
Kon Kean – North East
Chonburi – East
Kanchanaburi - West

3. Investment Promotion “Incentives” “Guarantees” “Protection”
Tax Incentives:
Exemption of juristic person’s income tax and dividends.
A 50 percent reduction of the juristic person’s income tax.
Double deductions from the costs of transportation, electricity and water supply.
Additional 25 percent deduction of the cost of installation or construction of facilities.
Exemption of import duty on raw or essential materials for use in production for export.

4. Non-Tax Incentives:
Permit for foreign nationals to enter the Kingdom for the purpose of studying investment opportunities.
Permit to bring into the Kingdom skilled workers and experts to work in investment promoted activities.
Permit to own land.
Permit to take out or remit money abroad in foreign currency.

5. Guarantees
The State will not nationalize the activity of the promoted person.
The State will not undertake a new activity in competition with the promoted person’s.
The State will not monopolize the sale of products similar to the promoted person.
The State will not impose price controls on the products of the
promoted person’s.
The State will grant permission to export at all times.
The State will not allow any government agency, government organization or state enterprise to import any kind of the product being produced by the promoted person into the Kingdom by granting import duty exemption.

6. Protection
1. To charge extra import fees into the Kingdom on products similar to those produced by the promoted person at a rate not exceeding 50 percent of the price of overseas insurance and freight charges, effective for a period of not more than one year.
2. In the case of where the Board is of the opinion that No.1 is inadequate for protecting the activity of promoted person. It will increase the measure by banning the import of products similar to the local productions.
3. In the case where the promoted person encounters any problem or obstacles in the course of carrying out the promoted activity, the Chairman will have the power to render any appropriate assistance.

7. Thailand’s Advantages
Gateway to Asia
Hub of ASEAN
Social and Political Stability
Growing Economy
World Class Medical Tourism
FDI Policies
Government Support and Incentives
Long-Established and Newly Emerging Industries.
Friendly and Rich Culture
Education and Healthcare Services

8. What You Need to Know About Setting up a Business in Thailand
The following is an overview of establishing
a business in Thailand
Proprietorships
Partnerships
Limited Companies

9. Company Establishment:
Forming a Company
Procedures for Establishing a Company
2.1 Company Registration
2.1.1 Promoters
2.1.2 Timing
2.1.3 Filings

10. 2. 2 Registration Process 2. 1. 1 Corporate Name Reservation 2. 1
2.2 Registration Process Corporate Name Reservation Filing a Memorandum of Association Convening a Statutory Meeting Registration Registering for Tax Documents

11. Accounting and Financial Reporting Requirement
Books of Accounts and Statutory Records
Accounting Period
Reporting Requirements
Accounting Principles
Auditing Requirements and Standards

12. Types of Business Organizations Partnerships
Ordinary Partnership
Limited Partnership
Partnership Registration
Limited Companies
Private Limited Companies
Public Limited Companies
Scrutinization of Thai Shareholders in Limited Companies
Other Forms of Corporate Presence

13. Scope of Representative Office Activities
“International trading business” means activities concerning:
Sourcing of goods or services for head office
Checking and controlling the quality and quantity of goods purchased or hired to manufacture in Thailand by the head office
Giving advice concerning goods of the head office sold to agents or consumers in Thailand
Dissemination of information concerning new goods or services of the head office
Reporting on business trends in Thailand to the head office

14. Fees for Representative Office Application fee (non refundable) is THB 2,000. If The application is approved, the government fee Will be set at the rate of THB 5 for every THB 1,000 or a fraction thereof the registered capital, With a minimum of THB 20,000 and a maximum Of THB 250,000

15. Regional Operation Headquarters (ROH)
A Regional Operating Headquarters (ROH) is a juristic company
or partnership organized under Thai law to provide managerial,
Technical, or other supporting services (see below) to its
associated companies or its domestic or foreign branches.

16. TAX Privilege Reductions/exemptions on Corporate Income Tax.
Accelerated Depreciation Allowances
Expatriates