Blog
08 February 2012
Thailand retirement visa; How to apply retirement visa in Thailand?
Thailand has become a choice of stay and destination for many foreigner retirees due to different reasons like low cost of living without sacrificing the good lifestyle and reasonable housing facilities at very low prices, besides this it is a beautiful country with an excellent weather.
The first question that comes to ones mind is that, how to apply retirement visa in Thailand?
According to the rules of the country you can get a Thai retirement visa at the age of 50 or above and you should have THB 800,000 in your account or you should have pension more than 65,000THB per month and the proof of your pension issued from your Embassy in Bangkok is necessary. You could find all details of Thailand retirement visa with (more...)
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05 February 2012
As a foreigner doing business in Thailand or investment in Thailand, after you register company in Thailand, have you ever asked yourself, "What are the legal issue related to starting business in Thailand? "What are the steps I need to take to fire and/or lay off staff in Thailand after starting a business inThailand?
Termination Situations
There are only three common employee termination situation in Thailand after Thailand business registration completed:
Layoffs;
Firing staff for underperformance; and
Firing staff for gross misconduct.
In each of these situation, keep in mind that the reason given for the termination is very important. This is because it affects the employer's potential liability.
Thailand Severance Calculation Summary
Employee worked consecutively in Thailand (more...)
04 February 2012
After Starting a business in Thailand, Can I register company in Thailand at my condominium?
For Thailand company registrationprocess ,If the Thai company address is a residential (not commercial) space, the building owner or Landlord will often be reluctant to sign this permission. A common reason for such refusal is that the owner does not want the business traffic in the building that would be caused by allowing the company to be situated there.
Mostly question about if you rent some condominium unit in Thailand, can you register Thai company in the unit that you rent?
If the registered address is a condominium unit, be aware that some condominium buildings include a specific provision, in their standard condominium sales agreement or the condominium juristic office's rules, (more...)
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04 February 2012
If you wish to Start a business in Thailand. The first step of the company registrationprocess is the name reservation. This process will takes approx 2-3 days. A promotor is required to supply the requested company name together with two alternative names to us TILALEGAL and we pass it to the Thai ministry of commerce. The registrar will then examine the application in order to ensure that:
No similar company names have previously been reserved; and that
The names submitted do not violate any ministerial rules.
If the name of Thai company that you wish to register a company in Thailand is in conflict with either of the above that name will be rejected, and the registrar will consider the alternative name submitted. Thai processof name reservation of Thailand company registration (more...)
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03 February 2012
If you working in Thailand you have to pay tax base on your salary or your minimum salary relate with your nationality
TAXABLE INCOME = Assessable Income - deductions - allowances
Deductions allowed for the calculation of Personal income tax
Type of Income
Deduction
a. Income from employment
b. Income received from copyright
c. Income from letting out of property on hire
1) Building and wharves
2) Agricultural land
3) All other types of land
4) Vehicles
5) Any other type of property
d. Income from liberal professions
e. Income derived from contract of work whereby the contractor provides essential materials besides tools
f. Income derived from business, commerce, agriculture, industry, transport, or any other (more...)
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