A New Fund Launches to Propel High-Tech Startups in Thailand Toward a Future of Innovation Thailand’s Board of Investment (BOI) has introduced a new initiative aimed at fostering high-growth startups within targeted industries. The “Matching Fund” is set to provide financial support of up to 50 million baht per startup, reinforcing Thailand’s commitment to advancing…
Thailand Launches New Incentives to Attract Hybrid Vehicle Manufacturers Thailand is currently hosting global carmakers like Toyota and Honda, now introducing new investment incentives for manufacturers of hybrid vehicles. Announced by the Board of Investment (BOI) on Friday, these measures include lowering excise taxes for hybrids from 2028 to 2032, aiming to enhance Thailand’s competitiveness…
Thailand’s Ministry of Commerce has recently introduced significant changes to its e-commerce regulatory framework through the issuance of the Notification Re: Business Regulations that Commercial Operators Must Register and Businesses that are Not Subject to the Commercial Registration Act B.E. 2567, effective from June 5, 2024. The somewhat controversial update is supposed to facilitate a…
The new DTV Visa allows remote workers and participants in cultural activities to stay in Thailand for up to 180 days per entry, with a 5-year validity. As of July 15, 2024, the Thai government has officially launched the Destination Thailand Visa (DTV), aimed at individuals seeking to combine work and travel (“workcation”) in Thailand….
Setting up an e-commerce business in Thailand involves several regulatory steps, with obtaining an e-commerce license being a crucial part of the process. This guide provides a detailed overview of the application process and the necessary documents to ensure a smooth and compliant setup. Once you have determined that your business requires an e-commerce license,…
Unlocking the Potential of E-Commerce in Thailand: A Guide to Legal Requirements E-commerce, the practice of selling products and services over the Internet, has become a cornerstone of modern business. This model includes various types of transactions, such as Business-to-Business (B2B), Business-to-Consumer (B2C), and Business-to-Government (B2G). E-commerce is particularly attractive for those seeking to minimize…
Thailand is set to rejuvenate its tourism sector and stimulate economic growth with a comprehensive set of new visa measures introduced by the Thai cabinet. These amendments aim to make the country more accessible and attractive to various groups, thereby bolstering its economy. Here’s a detailed look at the new initiatives: New Visa Category A…
New 10-year visa aims to attract top talent and foster growth in targeted industries within Thailand’s Eastern Economic Corridor In order to enhance Thailand’s economic landscape, the cabinet has approved a special 10-year visa tailored for executives and experts working within the Eastern Economic Corridor (EEC). As we have discussed earlier, the initiative aims to attract specialists in targeted…
To strengthen Thailand’s tourism sector, the Thailand Board of Investment (BOI) has announced new incentives aimed at attracting large-scale international events to the country. The board has greenlit measures to lure high-profile concerts, sporting events, and festivals, aligning with the government’s vision to position Thailand as a premier tourism destination and revive the sectors post-Covid-19…
In the context of international tax reform, Thailand has aligned itself with over 140 economic zones by becoming a member of the International Cooperation Framework on Base Erosion and Profit Shifting (OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting). This framework, commonly referred to as the Inclusive Framework on BEPS, has recently endorsed a…
Trademark registration is an important step for businesses to protect their intellectual property and establish brand identity in Thailand’s dynamic market. Thailand offers a robust legal framework for trademark protection, governed by the Trademark Act B.E. 2534 (1991) and subsequent amendments. However, navigating the trademark registration process can be complex, requiring a thorough understanding of…
The Eastern Economic Corridor (EEC) Policy Committee in Thailand has greenlit an ambitious 5-year development plan for 2023-2027, aiming to accelerate growth, attract substantial investments, and position the region as a hub for high-tech industries. The EEC envisions a surge in investment over the next half-decade, with a target of 500 billion baht. The plan…
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