by panwa group | Dec 1, 2018 | 2.Corporate
What are the estimated monthly overhead costs and other business expenses for foreign companies in Thailand? There is no simple formula for calculating this as there are numerous variables, such as size of business, type of activity, industrial or service sector,...
by panwa group | Dec 1, 2018 | 2.Corporate
Customs duties are governed by the Customs Tariff Decree of 1987, an amendment of previous tariff codes, to conform to the Harmonized System of the Customs Cooperation Council. Tariff duties on goods are levied on ad valorem or a specific rate basis. The majority of...
by panwa group | Dec 1, 2018 | 2.Corporate
Exchange Control The Exchange Control Act, BE 2485 (AD 1942), as amended, governs all matters involving foreign exchange. As a rule, all matters involving foreign currency are regulated by, and require the permission of, the Bank of Thailand. Since May 22, 1990,...
by panwa group | Dec 1, 2018 | 2.Corporate
No factory expansion is allowed unless permission is obtained. There is a fee of 100,000 baht to apply to expand a factory. As defined in the Act, the following undertakings constitute factory expansion: An increase in the number of machines, or change or modification...
by panwa group | Dec 1, 2018 | 2.Corporate
A factory is defined as any premise that uses machinery equivalent to five horsepower or more, or that employs seven or more, with or without any machine, for manufacturing, producing, assembling, packing, repairing, maintaining, testing, improving, processing,...
