Opening a company abroad has never been an easy task, due to the huge challenges posed by language, legal and tax barriers.
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Thailand
Understanding the tax system is an important factor before set up business in thailand. The country imposes a variety of taxes on businesses, from corporate income tax, value-added tax, contractor tax to stamp duty and special business tax. Below are the important taxes that businesses in Thailand should be aware of.
Opening a fashion store in Southeast Asian countries such as Thailand, Singapore and Cambodia is an exciting opportunity, but it also comes with many challenges. Competitive markets, complex regulations and understanding the needs of local consumers are all issues that businesses need to face when starting a business in the fashion industry.
The strong development of the tourism industry and the open foreign investment policy have turned Thailand into an attractive market for businesses wishing to expand operations in the fields of travel, hotels and tourism services.
Did you know? When establishing a BOI (Build-Operate-Transfer) company in Thailand, foreign businesses can be exempt from corporate income tax for up to 13 years, exempt from import duties on machinery and raw materials, and even have the right to own land for their investment project?
Beyond tax incentives, the BOI company model helps investors optimize their ownership structure, access industries prioritized by the Thai government, and benefit from clear and transparent support mechanisms. So what is a BOI company, and why are more and more international businesses choosing this model when investing in Thailand? Let's explore the details with GLA experts in the article below.
For businesses looking to expand into Southeast Asian countries, import goods, or establish a legal entity overseas to increase brand awareness, Thailand is a viable option.