Category Archives: Travel

Important Points To Know For Foreigners Willing To Setup Business In Thailand

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Thailand is the largest economy in south East Asia, second to Indonesia. Setting up a company and doing business in Thailand is straightforward and easy. Investors willing to set up business in Thailand can consult good lawyers or consultants, who can guide them regarding all the legal matters required for the registration of the company and doing business and obtaining the necessary permits and licenses.

In order to set up a business and do company registration in Thailand, you need to know about the business laws and regulations of the country. Here is a step by step guide on how to set up business in Thailand

  • The Foreign Business act of 1999, governs all the foreign businesses in the country. The law contains all the provisions regarding the acceptable business activities for foreign nationals, license requirements, ownership rules and prohibited activities. All the foreign businesses should strictly adhere to the act, failing which will attract serious penalties and jail term.
  • Foreigners can start a limited partnership firm, representative office or branch office of a company or a Limited company in Thailand. Foreigners can register private and public limited companies in Thailand but they must strictly adhere to the ownership rules before applying to register the company and start business.
  • Having a nominee shareholder in the company who does not have any financial stake and interest in the company is strictly prohibited by the law.
  • Getting the company registration in Thailand as a Thai majority company is beneficial for foreign nationals. Thai majority companies require less capital and need fewer licenses and permits when compared to Thai minority companies. Thai majority companies can also purchase land in the country, when need arises.
  • The capital requirement for company registration in Thailand and obtaining the foreign business license is THB 3 million per business activity. It is TBH 2 million for a Thai majority company and THB 1 million, if you have a Thai spouse.
  • All the companies doing business in Thailand or generating income from the country should pay the Corporate Income Tax levied by the government.
  • In order to acquire a business or do company registration in Thailand, foreigners will need a non-immigrant ‘B ‘business visa. The business visa can be obtained from the Thai embassy at your home country.

Safe Places For Women To Go Backpacking

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Going on a holiday on your own can be an exciting journey but it can be nerve wracking especially for women. While it is good to travel, it is also recommended to do so in a safe environment. Good thing many tourist destinations nowadays are using measures to ensure that tourists are protected while staying in their country. Every woman has different taste when it comes to travelling. Others might be looking to try the best French restaurant in Chiang Mai while others are searching for a place to try out their adventurous side. Depending on what you plan to do, here are a number of places to visit alone for women.

Amsterdam. This is recommended for women who love the outdoors. There are rental bicycles everywhere which is the best way to see the beauty of Amsterdam. For those who do not know how to cycle or do not want to at all, there are train stations to be used for public commuting. One of the highlights of visiting Amsterdam is going around the canals. The city might be busy all the time but there are a number of museums worth visiting. For those who are looking for a culture trip, Museumplein should be on the top of the list.

Honolulu. For women who are in love with the beaches, Hawaii is the best place to go. The locals are friendly and the spirit of the island can be felt through their warm and sunny disposition. Honolulu is recommended for solo travellers because you can socialize with the locals and tourists alike or you can enjoy the trip on your own bubble. Aside from the beaches, the rest of the island holds a charm such as a hiking session at the Diamond Head or just staying inside your hotel room and enjoy a good book.

Chiang Mai. There are many places in Thailand worth visiting but for solo women travelling to see more of the culture of the locals, Chiang Mai is the place to go. It is also worth noting that the area holds the best French restaurant in Chiang Mai aside from the local street foods that are also worth trying. One can also look for more adventure by visiting the Old City or taking a stroll through the temples.