Prohibited occupations
and work-permit in Thailand

A work permit is issued by the 'foreign employment division of the Labor Department and social welfare ministry'. A work permit is for a specific foreigner with specific qualities, allowing the foreigner to do a specific described job, for a specific employer, at a specific location.

Thai Business Law

A limited company is a juristic or juridical person and enjoys the same rights and is subject to the same duties as a natural person, except those which, by reason of their nature , may be enjoyed or incurred only by a natural person (subject to section 66 civil and commercial code). A majority Thai owned limited company is considered of Thai nationality, a majority foreign owned company is considered foreign. Foreigners and foreign companies are under the Foreign Business Act not allowed to operate businesses in Thailand unless a foreign business license has been granted.

See also

• Department of Business Development information by the Thai government
• Starting a business for foreigners practical info

CHAPTER IV

LIMITED COMPANIES

PART I

Nature and Formation of Limited Companies

table of contents

Thai Business Law

TITLE XXII

PARTNERSHIPS AND COMPANIES

CHAPTER I

GENERAL PROVISIONS

table of contents

Company Law
accounting and corporate income tax

The basic accounting principles practiced in the Europe and the United States are accepted in Thailand. The Institute of Certified Accountants and Auditors of Thailand is the authoritative group promoting the application of generally accepted accounting principles. Auditing standards conforming to international auditing standards are, to the greater extent, recognized and practiced by authorized auditors in Thailand. Any accounting method which is adopted by a company must be used consistently and may be changed only with approval of the Revenue Department.

Revenue Department Thailand: Corporate Income Tax (external)