Original home to siamese cats,Buddhist religion,Muay Thai boxing and world’s largest exporter of rice. Beautiful country with sun, white sand beaches, festivals. The word Thailand means „ the land of free”. Does that mean it can grant you with freedom? Let’s see if it can…
world’s 20th most populous country, with close to 67 million people.
Bangkok, capital city of Thailand, being the most visited city with its original name of 169 letters: KrungthepmahanakhonAmonrattanakosin Mahintharayutthaya Mahadilokphop Noppharatratchathaniburirom Udomratchaniwetmahasathan AmonphimanawatansathitSakkathattiyawitsanukamprasit
13th friendliest country in the world
Home to a lot of popular festivals, like for example annual Phuket Vegetarian Festival
95 per cent of the population practices Buddhism
But what can interest business people in Thailand?
First of all, there are three kinds of companies, that you can establish: Sole proprietorships, partnerships and limited companies. The most popular, are obviously private limited companies.
0% taxation for the first 8 years
Exemption of VAT for importing machinery
Possible to get an additional 3 years of tax exemption if supporting a research and development institution
Although It is possible to owe 100% of the company, expecially for the american citizens, some activities are forbidden for foreign shareholders, so you would need to use nominee services in order to do business in Thailand
Good bonus are relatively low prices and cheap work force
Companies are required to withhold income tax from the salary of all regular employees
Thailand recognizes three kinds of intellectual property rights: patents, trademarks and copyrights
The most popular business areas are tourism, agriculture-related business, textile, online.
And please, be aware, it’s illegal to drive shirtless in Thailand;)
If this fact still doesn’t stop you, then welcome to “freedom”. Incorporate in Thailand NOW.
Receive a non-binding proposal today. Call us +44 (0) 20 3735 5557 or fill out the form below.