EEC

The cabinet of Thailand has approved the new 10-Year EEC Visa to Boost Investment and Innovation

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…

Thailand BOI’s New Initiatives: Attracting Global Events and Boosting PCB Manufacturing 

Thailand BOI’s New Initiatives: Attracting Global Events and Boosting PCB Manufacturing 

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…

Thailand Joins Global Efforts to Reform International Taxation

Thailand Joins Global Efforts to Reform International Taxation

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…

Navigating Trademark Registration in Thailand: Criteria, Requirements, and Process

Navigating Trademark Registration in Thailand: Criteria, Requirements, and Process

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…

Thailand’s EEC Unveils 5-Year Development Plan and New Visa Scheme

Thailand’s EEC Unveils 5-Year Development Plan and New Visa Scheme

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…

Important Updates on New Tax Regulations for Foreign Income in Thailand

Important Updates on New Tax Regulations for Foreign Income in Thailand

Key Information on Revenue Department Order No. 162/2023 Additionally, to the Q & A paper on the new tax regulations published by the Thai Revenue Department, the Thai Tax Authority published the Revenue Department Order No. 162/2023 on 20. November 2023.  This order states, that the following paragraph shall be added to the Revenue Department…

Transforming Building Safety: Thailand’s New Ministry Regulation

Transforming Building Safety: Thailand’s New Ministry Regulation

In an effort to boost building safety and elevate construction standards, Thailand has introduced a comprehensive new Ministry regulation. This updated regulation, a revision of the existing Ministry of Interior’s guidelines, places a strong emphasis on various critical aspects of construction, including load-bearing capacities, fire resistance, and the materials used in structural elements. Background and…

Thailand Elite Visa Membership Packages Set to Transform

Thailand Elite Visa Membership Packages Set to Transform

Thailand Elite Visa Membership Packages Set to Transform The current Thailand Elite Visa membership packages are due to be discontinued in their current form. To adapt to the global economic landscape, a new suite of offerings will be made in October 2023. This move reflects the intent to modernize and cater to a diverse client…

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