by panwa group | Dec 1, 2018 | 2.Corporate
Customs duties are governed by the Customs Tariff Decree of 1987, an amendment of previous tariff codes, to conform to the Harmonized System of the Customs Cooperation Council. Tariff duties on goods are levied on ad valorem or a specific rate basis. The majority of...
by panwa group | Dec 1, 2018 | 2.Corporate
Exchange Control The Exchange Control Act, BE 2485 (AD 1942), as amended, governs all matters involving foreign exchange. As a rule, all matters involving foreign currency are regulated by, and require the permission of, the Bank of Thailand. Since May 22, 1990,...
by panwa group | Dec 1, 2018 | 2.Corporate
No factory expansion is allowed unless permission is obtained. There is a fee of 100,000 baht to apply to expand a factory. As defined in the Act, the following undertakings constitute factory expansion: An increase in the number of machines, or change or modification...
by panwa group | Dec 1, 2018 | 2.Corporate
A factory is defined as any premise that uses machinery equivalent to five horsepower or more, or that employs seven or more, with or without any machine, for manufacturing, producing, assembling, packing, repairing, maintaining, testing, improving, processing,...
by panwa group | Dec 1, 2018 | 2.Corporate
The Ministry of Industry has the power to designate The size and quantity of the type of factory in each category that should be established or expanded or not be established or expanded in any locality in the Kingdom. The type, quality, source of origin and...
by panwa group | Dec 1, 2018 | 2.Corporate
Definition of a Foreign Company According to the Foreign Business Act of 1999 (FBA), the term foreigner means: Natural person not of Thai nationality. Juristic person not registered in Thailand. Juristic person registered in Thailand having the following...
