Permanent Residence Quota Now Open (Mar 5 – May 15, 2025)
The Immigration Office has officially announced the delayed opening of permanent residency (PR) applications for the year 2024. Applications will be accepted from March 5 to May 15, 2025. Key Criteria for PR Application Applicants must meet the following requirements: Non-Immigrant Visa Requirement: Must have held a Non-Immigrant Visa with permission to stay on a […]
Reminder to Submit Your Progress Report to the BOI via the E-Monitoring System
As we approach mid-February, all BOI-promoted companies are required to submit their progress report through the BOI e-monitoring system. This submission, which is required twice a year (by the end of February and July), is vital for ensuring your company is still on track and remains compliant with BOI regulations and continues to receive the […]
Critical RCE bug in Microsoft Outlook now exploited in attacks
CISA Urges U.S. Federal Agencies to Secure Systems Against Critical Microsoft Outlook Vulnerability The Cybersecurity and Infrastructure Security Agency (CISA) issued a warning to U.S. federal agencies, urging them to secure their systems against ongoing attacks exploiting a critical remote code execution (RCE) vulnerability in Microsoft Outlook. This vulnerability, identified by Check Point researcher Haifei […]
The Simple Guide to Starting a Limited Company in Thailand
Introduction Starting a limited company in Thailand is a popular way for foreigners to establish a business presence in the country. This guide provides a step-by-step process to help you navigate the legal and administrative requirements while highlighting essential considerations to ensure compliance with Thai laws. The Simple Guide follow 10 steps Step 1: Choose […]
Strengthening Measures for Business Registration
The Director-General of the Department of Business Development (DBD), Ministry of Commerce, has announced that new regulatory measures will be applied to address fraudulent business registrations after discovering that companies were set up to be used as vehicles for call center scams, using property address without the consent or acknowledgement from the property owner. In […]
Thailand’s LTR Visa Criteria Improvements
Thailand’s Cabinet has approved significant enhancements to the criteria for the Long-Term Resident (LTR) Visa, a critical measure aimed at attracting highly skilled foreign professionals and investors to the country. It is important to note that the BOI has not yet published an official announcement to confirm these changes, so the exact effective date remains […]
Thailand’s New Minimum Wage Law 2025 -Important Update for Employers
The Wage Committee has announced a Notice of Minimum Wage Rates (No. 13) with a significant increase in the minimum wage, effective 1 January 2025. This change will have a major impact on businesses, particularly in the areas of Chachoengsao, Chon Buri, Phuket, Rayong, and Surat Thani Province (Ko Samui District), where the minimum wage […]
Foreign Investment in Thailand: FBL Statistics Update (January–November 2024)
As of November 2024, the Ministry of Commerce has granted FBL approvals for foreign investment under the Foreign Business Act B.E. 2542 (1999) to a total of 884 businesses. This includes 202 businesses through direct foreign business licenses and 682 businesses through certificates of foreign business operations (through the BOI, IEAT, or the Treaty of […]
Software Business Eligible for Thailand BOI Promotion
The latest BOI regulations have set forth several key requirements for software businesses to be eligible for promotion, with a focus on local development, hiring Thai IT professionals, and using advanced technologies. These regulations also provide clarity on how companies can include software developed before applying for BOI promotion, provided they continue to innovate and […]
Businesses in Thailand That Do Not Require a Foreign Business License (FBL)
Exclusive Summary Foreign Business License (FBL) under the Foreign Business Act (FBA). It provides guidance for foreign investors to explore these options, leveraging specific legal frameworks and incentives. Key exemptions include: BOI-Promoted Companies: Businesses in high-tech, digital industries, and renewable energy can enjoy tax benefits, work permits, and land ownership without needing an FBL. U.S. […]
