With the new law implemented in Thailand that allowed the Cannabis business to be completely legal, it’s important that all business owners understand what are the legal and illegal activities that can be conducted in Thailand.
Accounting & Legal in Thailand
It has just been announced as of June 9th, 2022, that Thailand becomes the first Asian country to legalize growing, distributing, and consuming cannabis in foods and drinks. This becomes a big deal for the country as the government hopes to see the new legalization of cannabis boost Thailand’s agriculture and tourism.
The FBL is basically a certification or a ticket that allows you to successfully establish a foreign business in Thailand. This will be awarded to a foreign company or investors that would like to operate their business in Thailand under Thai law. It is important to note that this can only be done if the majority of the company’s shares are foreigners and not Thais.
The accounting sector of a company will also be deemed as an important factor for the company's success. Many startups around the world don't seem to find any necessary needs to hire an accounting agency as some may find hiring a single accountant enough. However, with the help of an accounting firm or agency, you will be able to achieve and accomplish more business tasks to grow your company at a steady pace.
Countries around the world have always relied heavily on fossil fuels for their energy needs. Thailand has started looking to shift the focus of energy policy to create more energy efficiency and clean energy. With that being said, Thailand has set a price on carbon in a cost-effective way. With carbon tax laws in multiple countries, it will never be right from the start but with the necessary adjustments from the government, the policy environment becomes better.
Pimaccounting is Thailand’s one-stop office for accounting services which supports startups and established local & international businesses. With our wide range of accounting services, we make sure that businesses are able to conduct and grow efficiently without worrying about their finances. Today we are ready to hear about what you are looking for so that we can provide you the specific service that will help your business effectively.
