On March 25th of this year, the Immigration Department of Thailand began a new policy to enforce TM30 (a regulation about monitoring immigrants living and working in Thailand) more strictly. We wanted to take some time to inform all recipients of this newsletter about the changes to immigration policies that may impact you, other expat’s or the lives and families of any expat.So, in brief summary, the TM30 requires all owners or lease holders of properties in Thailand to report the presence of any foreign person promptly. All foreigners who s....

New firm registrations rise 1% from May 2018 to 5,942New business registrations edged up 1% year-on-year in May, led by construction, property and restaurants.According to Sorada Lerttharpachit, deputy director-general of the Business Development Department, the number of new business registrations totalled 5,942, rising from 5,865 recorded in May of last year.On a monthly basis, registrations fell 0.03% from 5,944 in April.The top three sectors for new business registration in May were building/construction (530), property (371) and restaurant....

Here’s how to make your dream a reality. First, do your homework. Thailand is the second-largest economy in Southeast Asia. The country is teeming with opportunities. Maybe you’ve got a great idea already.However, if you’re serious about starting a business in Thailand, you’ll need to navigate Thai business law and regulations. Everyone you meet will have advice for you. Pay attention to the ones who have actually run a business in Thailand rather than the armchair philosophers.To get started, follow the steps below. Have a busines....

Since May 5, 2019, the new amendments to the Labor Protection Act (LPA) have been in effect. These provide added protections to employees regarding leave, relocation, and termination. As they mainly benefit employees with additional days for leave and greater compensation rights, it is imperative that employers are aware of these changes to ensure they are complying with the new rules and that employees know their rights.Higher Threshold for SeverancePreviously, severance pay was capped at 300 days for employees who worked for a company for ten....

Financial reports, also called financial statements, demonstrate the financial position of a company over a specific period of time.Most businesses and organizations provide financial reports to their Boards of Directors, shareholders and investors on a monthly, quarterly or annual basis. They are reviewed to identify trends, successes and problems within the finance of the company. These reports are often prepared by accountants or financial teams, but they are not complicated to read. Read a financial report by paying attention to ....

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