The Thailand Board of Investments (BOI) is responsible for implementing Thai government policy for promoting certain business deemed beneficial to the Thai economy. Thai BOI assists Thais and foreign investors to start and conduct businesses in desirable areas of economic activities by offering a system of incentives. Thailand BOI Incentives The Thailand BOI incentives are classified into the following types: Tax Incentives A BOI promoted company in Thailand may be eligible to … [Read more...]
Thailand Tax and Accounting Regulations
October 30, 2012 By
Starting and maintaining a business in Thailand requires proper book-keeping and compliance with Thailand’s tax, accounting and other regulatory laws as specified in the Civil and Commercial Code, Public Limited Company Act, Revenue Code, Accounting Act and other related laws. Thailand tax The type of business in Thailand will affect tax rates and tax benefits according to the rules and regulations prescribed in the Thai Revenue Code. Foreign companies in Thailand have special tax … [Read more...]
Formation of Thailand Contracts
October 30, 2012 By
The basic principles of Thailand contract law are mostly similar to contract law in Western jurisdictions. The main body of law controlling Thailand contracts interpretation is the Thai Civil & Commercial Code (TCCC). However, there is often specialized areas of legislation that may affect business agreements in Thailand. The basic principles of contract formation are controlled by TCCC Book I. The following are specific types of Thailand contracts controlled by TCCC Book … [Read more...]
Thailand Trademarks Registration
October 30, 2012 By
Trademark in Thailand is administered by the Department of Intellectual Property in the Thai Ministry of Commerce. Thailand trademark classification Thailand does not follow the NICE system of trademark classification.Thailand uses its own system to classify Goods and Services. There are currently 45 different classes of goods in services under Thai classification. A trademark intended for multiple used will require separate registration application for each class. Thailand trademark … [Read more...]
Thai FDA Registration
October 26, 2012 By
Importing pharmaceuticals, food, food supplements, products for animal health, or other medical, narcotic and toxic substances into Thailand requires registration with the Food and Drug Administration of Thailand (FDA). The time required for filing product registration application and receiving registration certificates with the FDA can vary widely. Approximate times are as follows: cosmetics one week, general medical devices and toxic substances from one month to four months, Food products … [Read more...]
