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27 March 2012
Easiest way to open bank account in Thailand
How to open bank account in Thailand?
If you are working inThailand, it is no sweat opening a back account there. You need to present documents in order depending on the type of bank account you wish to open inThailand, or the bank you intend to open an account in. The bank could be either a Thai bank or a foreign based bank in Thailand. If you have a valid Thai work permit, the process of opening a bank account is swift and easy, although this may always not be the case. If you intend to open a foreign currency account or a savings account the bank would require a recommendation letter from your Embassy and last but certainly not the least an apt Thailand lawyer.
Consulting with a Thai lawyer, you’d be able to know in (more...)
22 March 2012
How can I get credit card in Thailand?
After the banking and economic crisis that hit the country in the late 1990s, the banks have become very cautious when issuing credit cards to foreigners in Thailand. This is because during the crisis of 1997, most of the foreigners fled from the country, leaving behind them huge amounts of loans and credit card bills for which the local people had to pay a price. Therefore, even if you are living in Thailand for a very long time, have a Thai wife and children, you still do not have the surety of getting a credit card without any hassle.
Most of the banks require you to have a non-immigrant business visa in order to apply for a bank account or credit card. If you are planning to open up a company in Thailand, you will have to complete the (more...)
07 March 2012
Essential Information in Doing Business in Thailand
Doing a business in Thailand is now profitable for most investors. It has a very stable economic condition which is favorable for many businesses. Aside from this, the strategic location of Thailand is another factor that makes business in Thailand advantageous.
There are many things that are needed in applying business registration in Thailand. Before applying for business registration in Thailand you must choose the type of operation that you wanted for your company. There are several forms of business operation in Thailand and in deciding which form you would want for your business requires many essential aspects.
Click here for Our full information & Services Fees for Company Registration in Thailand
Different (more...)
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07 March 2012
Foreign Business Law
Introduction
In general, foreigners have the same rights as Thai nationals to own and operate businesses in Thailand, except where specific restrictions are imposed. These restrictions may be prescribed by Thai legislation, as a condition of a Board of Investment promotion certificate and/or by a Thai company's articles of association. This newsletter is intended to give a general overview of such restrictions and discuss the Foreign Business Law recently passed by the National Assembly.
Click here to see Our Full Services for BOI Thailand Application by Thai Lawyers
Foreign Business Law
The most wide-ranging legislation restricting foreign participation in business activities in Thailand is National Executive Council Announcement No. 281, otherwise known as the (more...)
29 February 2012
Start a business in Thailand in the Right Track
Why many foreign investors are excited to start a business in Thailand? Thailand is the land of smiles where many business opportunities attract more investors to invest in this country. Because of the clear and concise policy in liberalization as well as free trading in Thailand, more investors have been lured to try and start a business in Thailand.
There are various types of business that you have to consider if you want to start a business in Thailand. Among these types is the sole proprietorship. This kind of business is not required to register the business however the owner is in charge all the unlimited liabilities that the business might incur. Therefore all the assets that the sole proprietor has are subject for liquidation. (more...)
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