ETIQUETTE: The kingdom of Thailand is a predominantly Buddhist country, with Muslim and Christian minorities. Since the 1960s, the country has been one of the most popular tourist destinations in the world and as a result caters to visitors from different cultures. In business settings it is common to...
In Thailand business organisations can be divided into two types, non-profit organisations and business organisations. Non-profit organisations have to register under the Civil and Commercial Code, and are divided into associations and foundations. Associations can conduct any activity that is ongoing and not operated with the purpose of profit...
OWNERSHIP OF LAND BY A FOREIGNER: In theory foreigners cannot own land in Thailand, but in practice they can own up to 1600 sq metres for residential purposes under a Board of Investment (BOI) regulation (Land Code Section 96 bis) that demands, for land purchase, BT40m ($1.3m) to invest in Thailand in...
There are eight major taxes imposed in Thailand:
With the AEC soon to become a reality, the number of businesses in ASEAN engaged in cross-border trade and investment is expected to increase significantly. One of the core elements to realising the AEC is allowing for virtually no restrictions on ASEAN service suppliers providing services and establishing companies across national borders...
The end of 2013 saw the Thai broadcasting authorities finally begin the licence bidding process for some 48 new digital TV channels – a move that may transform the current landscape of the media, advertising and creative industry. The move is being implemented by the National Broadcasting and Telecommunications Council (NBTC), which has been...
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