Company set up in Thailand continues to grow due to the outstanding opportunities that Thailand has to offer to foreigners around the world. Whether it's a Thai business or Foreign Business, there has been a surge of business being built here in the country. For Americans, there is the US- Treaty of Amity that allows US citizens the right and benefit to establish their business here in Thailand.
Accounting & Legal in Thailand
Accounting will always be a vital part of a business or even an individual just because anything that involves purchasing, taxing, or selling products or services, will involve accounting. Businesses around the world make it a requirement to have an accounting team or accountant present in the business to make sure all the information is correct and well.
A common question is always brought up when you're handling your finances and it's always "what is the best accounting firm for my business?". In most cases, it becomes difficult to decide which accounting firm you are targeting whether it's small or big. Looking into a big accounting firm, they bring impressive profiles and case studies but may not be viable for small businesses like yours. This exact reason is why it's better to look in the other direction and have a look at smaller and boutique accounting firms in Bangkok.
The Education Visa is a popular visa for foreign applicants to wish to study in the country at a university or to do an internship in Thailand. With young foreigners entering the country, it is important that you go through the process of heading to your Thai embassy/consulate and making the application there.
In Thailand, it is required under Thai law that any registered legal entity (whether it is a Thai business or a foreign business in Thailand) should prepare the necessary documents for an annual audit at the end of the year. It is recommended at companies should engage with a licensed auditor in Thailand for the financial health of local and foreign-owned businesses that are operating in the country.
Acquiring an import and export license is required in order to legally import and export goods from and to Thailand. Once you have already established a business in Thailand with a registered VAT and a bank account, then you can start applying for any kind of license that you may need for your business to run. Pimaccounting can assist you in this area.
