Improved tax incentives for investment in Thai ESG Funds approved by cabinet
Improved tax incentives for investment in Thai ESG Funds approved by cabinet On 30 July 2024 the Thai cabinet approved in principle a Draft Ministerial Regulation proposed by the Ministry of Finance to improve the personal income tax incentives for investment in Thai ESG funds. The main changes are: The minimum period that the investment […]
Thailand Updates Food Labeling Requirements
On July 19, 2024, Thailand’s Ministry of Public Health Notification No. 450 B.E.2567 (2024) came into effect after being published in the Government Gazette the day before. The notification introduces significant updates to the labeling requirements for prepackaged foods. This new regulation consolidates and updates Thailand’s rules for food labeling by repealing and replacing several previous notifications. […]
Statutory Meetings and Articles of Association: Setting up a Company in Thailand Part 3
Filling in key roles and drafting up the Memorandum of Association (MOA) are only a fraction of the requirements to setting up a Thai company as an Australian. Every company needs a statutory meeting wherein the Articles of Association (AOA) will be drafted. This is the third entry in our series of posts detailing the […]
The Second Steps to Setting Up a Company in Thailand
There are multiple steps to setting up a company in Thailand as an Australian. In the previous entry in the “Setting up a Company in Thailand” series, we explored the importance of complying with the Thailand-Australia Free Trade Agreement (TAFTA) and what’s needed from you to form a strong business title. Once you’ve decided on […]
The First Steps to Setting Up a Company in Thailand
One of the hardest aspects of being an entrepreneur here is going through the hassles of setting up your business in Thailand. Establishing business ventures in Thailand is very different from Australia because of the many differences in corporate law. Company registration is a process requiring a lot of tight planning to ensure that your […]
Thailand’s Long-Term Resident (LTR) Visa
If you’re looking for a long-term stay in Thailand with fewer trips to immigration and more flexible working arrangements, the Thailand LTR visa (Long-Term Resident) is perfect for you. Whether you’re planning to work, invest, retire, or simply enjoy the lifestyle, this visa provides up to a 10-year stay in the Kingdom with fewer hassles […]
The New Thailand Elite Visa Memberships for 2024
For 2024, the Thailand Privilege Card Co., Ltd. (TPC) revamped its visa program, enhancing the Thailand Elite Visa program. With this change, TPC, a government-owned entity, introduced a new and improved visa option known as the Thailand Privilege Visa with a privilege point system. If you have a Thailand Elite visa, it stays valid according […]
Thailand’s Criminal Court Establishes Cybercrime Division
On March 18, 2024, the president of the Supreme Court of Thailand announced the establishment of a specialized Technology Crime Division within the Criminal Court of Thailand. This represents a significant commitment to cybercrime within the Thai judiciary and a step forward in Thailand’s ability to investigate cybercrime. The rise in cybercrime investigations in recent […]
Thailand Lays Out New Cybersecurity Standards
Thailand’s National Cyber Security Committee (NCSC) released three notifications under the Cybersecurity Act on January 18, 2024, setting cybersecurity-related requirements for key organizations and assets. While one of these notifications already took effect, the two most notable will take effect on January 18, 2025 (i.e., one year from their publication in the Government Gazette). These two […]
What’s Happening in Thailand
New Tax Regulations For Foreign Income The Thai Tax Authority has implemented a new tax regulation (Revenue Department Order No. 162/2023) for foreign income. From 1 January 2024 onwards, individuals who reside in Thailand for at least 180 days in a tax calendar year and transfer foreign-source income into Thailand will be subject to income […]
