In our previous article, we discussed the importance of investments and some investments that one can make in preparation for their retirement. We also mentioned the mutual fund as one of the best vehicles for long-term investment for any retiree, or for anyone in general. more
With the new rules and its relevant penalties already enforced by immigration officials in Thailand, it’s always in your interest, especially as a businessman operating an enterprise in the country, to abide by these regulations. more
Thailand is an investor-friendly country. The passing of the Foreign Business Act now makes it possible for international companies to set up their operations in Thai jurisdiction, and even receives incentives for investing into the local economy.
The Act does have restrictions, i.e. what sectors a foreign-owned company can compete with local companies and the rules on foreign ownership, especially against the practice of using nominee shareholders in order to establish a foreign-owned business in Thailand. more
The practice of using nominee shareholders in incorporating companies in Thailand has been brought to light after the head of the military junta proposed in December to change the FBA to weed out companies that are incorporated locally but are actually controlled by their foreign investors. What is a nominee shareholder? Is the practice legal or illegal? more