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 […]
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. […]
The golden age of investment
Against the backdrop of temporary Covid-19 measures being introduced to protect and stabilise the economy of Thailand, the Government has also launched a whole raft of great investor-business incentives to dramatically boost the economy going forward, including years of being able to earn tax-free profits. The numerous incentives have created an air of excitement and […]
Theeradaje Tansuwanrat
BOI Tax planning and compliance
PKF in Thailand is SEC accredited to audit listed companies in Thailand. As a leading audit firm in Thailand, we work with a diverse range of clients ranging from SMEs and single owner businesses to government organizations and MNCs. As the auditor of choice for many leading technology companies, we use cloud-based to give maximum […]
BOI Healthcheck
PKF in Thailand is SEC accredited to audit listed companies in Thailand. As a leading audit firm in Thailand, we work with a diverse range of clients ranging from SMEs and single owner businesses to government organizations and MNCs. As the auditor of choice for many leading technology companies, we use cloud-based to give maximum […]
BOI Audit
PKF in Thailand is SEC accredited to audit listed companies in Thailand. As a leading audit firm in Thailand, we work with a diverse range of clients ranging from SMEs and single owner businesses to government organizations and MNCs. As the auditor of choice for many leading technology companies, we use cloud-based to give maximum […]
