Thailand Business Guide

Expat bosses should not ignore cultural differences at work

Sat, 20 Mar 2010 08:04:00 -0400

A Bangkok Post article writes about the difficulties, cultural differences expat bosses experience when they deal with Thai staff.

Thailand's One Start One Stop Investment Center

Fri, 05 Mar 2010 04:39:00 -0500

Opened on November 23, 2009, the One Start One Stop Investment Center, or OSOS, offers investors a wide range of investment-related services. The center is open to all businesses - Thai or foreign; big or small; BOI-promoted or not — interested in investing in Thailand.

Foreigners: Legal problems of home ownership in Thailand

Mon, 04 May 2009 09:06:00 -0400

This is the first in a series about the legal problems of foreigners who now own homes in Thailand. If you have one or more of these problems, you can and should correct them - before they reach some final stage of the legal system.

Your Money: Bringing it to Thailand and taking it out - Part V: Your questions

Wed, 29 Apr 2009 09:24:00 -0400

Many of you asked questions in response to our series on moving money in and out of Thailand. The following questions represent those that were most frequently asked.

Your Money: Bringing it to Thailand and taking it out - Part VI

Tue, 21 Apr 2009 04:31:00 -0400

This time we're going to follow the process of transferring money in and out of Thailand for a specific transaction - to give you an idea of how some of the rules work, particularly in connection with repatriation.

Your Money: Bringing it to Thailand and taking it out - Part III

Tue, 14 Apr 2009 05:46:00 -0400

Last time we talked about two of the basic types of baht bank accounts. The third type of baht account is the fixed-term deposit account. This kind of account typically offers no services (such as ATMs), and you have to leave the money in the account for the entire period agreed with the bank, or they apply penalties that don't make opening this kind of account worthwhile. The advantage? Higher interest rates.

Your Money: Bringing it to Thailand and taking it out - Part II

Mon, 06 Apr 2009 04:09:00 -0400

Last time we talked about the mechanics of bringing money into Thailand. This time we'll discuss the bank accounts you can keep it in. To begin with, in Thailand you can deposit baht or foreign currency in Thai banks. This week we'll concentrate on baht accounts.

Barriers to Sharing Lowered by Creative Commons Licenses in Thailand

Fri, 03 Apr 2009 06:55:00 -0400

Creative Commons Thailand has adapted the Creative Commons licenses to Thai law. The localised licenses, launched 2 April [2009], enable Thai creators to easily share creative works by lowering legal barriers and prohibitive transaction costs.

YOUR MONEY: Bringing it to Thailand and taking it out - Part I

Sun, 29 Mar 2009 05:05:00 -0400

When foreigners come to live in Thailand they bring money to buy homes, invest in businesses and pay their expenses. If they leave, or if they have expenses elsewhere, they may want to send the money out. We are often consulted about various aspects of currency transactions in and out of Thailand. This series covers some of the important things you should know about money flows to help you avoid costly mistakes.

Making appointments in Thailand

Mon, 16 Mar 2009 08:03:00 -0400

Office hours in Thailand are generally 8 a.m. to 5 p.m., though a large number of people will work from 9 a.m. to 6 p.m. Most people will break for lunch from 12 p.m. to 1 p.m.

Guidelines for business dress

Mon, 16 Mar 2009 08:03:00 -0400

Business suits are the standard office attire in Thailand: despite the heat most offices require a shirt and tie, with most people preferring to wear a long sleeved shirt.

The long arm of taxation; All men are created equal

Thu, 05 Mar 2009 05:44:00 -0500

The economic stimulus in the USA, UK and Thailand for the populist policy needs money to support the marginalized people. Some hard working people question if it is fair for them to pay tax while some idle people just wait for the government support. The incomes of all governments come from tax collection. It is why the tax laws in all developed countries are very draconian. The untouchable Al Capone could abscond for the murder conspiracy but was suddenly put in jail for tax evasion.

Checking up your annual balance sheets

Mon, 02 Feb 2009 11:27:00 -0500

TO set up a company to buy property is not really a complicated matter. It is why many unlicensed persons find the way to make easy money from the gullible foreigners. These unlicensed professionals are foreigners who can speak English with the beautiful native accent by just say “No problem my friend, everyone does like this in Pattaya”.

The new consumer protection law

Mon, 19 Jan 2009 16:29:00 -0500

Our new prime minister who graduated from Oxford with the first class honor degree in law and politics always expresses his ideology to enforce the law without double standard. In Thailand, many laws are always in the shield without enforcement. The justice can be done only by the national ideology to enforce the laws as it is wisely said that it shall be written, it shall be done.

Navigating the downturn

Tue, 06 Jan 2009 10:06:00 -0500

This is the second instalment of a two-part article by PricewaterhouseCoopers that provides a checklist of key priorities and actions businesses need to act upon to survive the downturn and be better positioned to do well when the market improves. Part 1 on Dec 23 examined the first five priorities and today we look at how to survive the current environment, mitigate further risks and perhaps take advantage of the new environment to create a more durable and profitable business.

Surviving into 2009: The SCM checklist

Wed, 31 Dec 2008 10:08:00 -0500

The past year has been one of the toughest in memory with the international economic meltdown, banking failures, global manufacturers in major trouble, shipping and logistics companies reeling and, within Thailand, political upheaval and a calamitous interruption to global trade with the airport blockade.

Best practices for boosting profit

Tue, 23 Dec 2008 19:03:00 -0500

Regardless of the strategic approach and procurement option selected for a given expenditure category, buyers may leverage buying power to ensure that full value is attained. Many leading companies have adopted practices to streamline their procurement processes to achieve the maximum value beyond price concessions from suppliers.

Fixed period employment contracts for a wise employer

Mon, 15 Dec 2008 14:43:00 -0500

Employers have been using fixed period employment contracts on employees to avoid having to pay severance and provide prior notice of employment termination to employees (when the employer terminates the employment contract not due to employee’s serious misconduct). With the commencing date and ending date of the employment contract clearly specified in the written contract, the employee’s employment will just cease on the ending date of the employment contract. There is no need for the employer to pay severance and provide prior notice of employment termination.