The BOI Announcement New organization of Investment Promotion Division

🚀 How to Start a Business in Thailand: Company Registration, Tax & Accounting Essentials

📌 Why Foreign Entrepreneurs Should Read This Thailand remains a top destination for foreign investment thanks to its strategic location, friendly visa policies, and growing industries like tech and wellness . However, the path to opening a business here involves careful planning—from choosing the right company structure to ensuring tax compliance and accounting systems are in place. Our guide walks you through legal, financial, and practical steps to confidently launch your venture. 📝 1. Choose the Right Company Structure Private Limited Company (PLC): The most common form, requiring at least 2 shareholders and 1 director. Minimum paid-up capital is generally THB  1 million but smoothing for foreign directors requires THB 2 million BOI‑Promoted Company: Offers benefits including 100% foreign ownership, tax exemptions, and easier work permits Representative or Branch Office: Allows testing the market without full registration—ideal for non-revenue-generating activities . ⏳ 2. Reserve Your Company Name File 3 proposed names with the DBD. Approval typically takes 1–2 days and is valid for 30 days. Names must be submitted and approved in Thai, even if English

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June 11, 2025

5 Accounting & Tax Risks Every Phuket Business Owner Should Know (And How to Avoid Them)

Title: 5 Accounting & Tax Risks Every Phuket Business Owner Should Be Aware Of (And How to Mitigate Them) In the realm of business ownership in Phuket, it is imperative for entrepreneurs to be well-versed in the potential accounting and tax risks they might encounter. Being proactive and informed about these challenges is key to avoiding detrimental financial consequences. By understanding and addressing these risks head-on, Phuket business owners can safeguard their financial integrity and ensure compliance with relevant laws and regulations. 📍 Operating a business in Phuket? Whether you’re running a café in Old Town, managing a resort near Patong, or launching a new real estate venture—staying compliant with Thai tax and accounting laws is crucial. Here are 5 common accounting and tax risks we’ve seen in Phuket-based businesses, and how you can protect your company from unnecessary penalties or investigations. 🔻 1. Mixing Personal and Business Finances Risk: Failing to separate business and personal expenses can lead to inaccurate books and potential tax issues.Solution: Open a dedicated business

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April 3, 2025

Accounting, Tax, and Audit Services for Businesses in Phuket

📍 Supporting Businesses in Phuket with Professional Financial Services Phuket is one of Thailand’s most dynamic business destinations, especially in hospitality, real estate, F&B, and tourism. At ACC CONSULTING CO., LTD, we understand the specific challenges and compliance needs of businesses operating in Phuket. Our expert team of CPAs, accountants, and tax advisors is ready to support your operations with reliable and secure online services—no matter where you are in the province. 💼 Our Key Services ✅ Company Registration & Business Structuring Incorporation of Limited Companies / Partnerships / Sole Proprietors VAT registration, social security setup, DBD documentation Shareholder agreements and legal consulting ✅ Monthly & Annual Accounting Services Thai GAAP-compliant bookkeeping (TFRS for NPAEs) Monthly PND/VAT submissions (PND.1, 3, 53, 50, 51, PP.30) Digital reports and e-document submission ✅ Professional Tax Planning Strategic structuring to minimize tax liability Income tax optimization, expense classification Advisory for property/investment transactions ✅ Certified Audit by Thai CPAs Annual audit reports for DBD & Revenue Department Financial statements with explanatory notes Audit-ready for companies exceeding threshold 🏨 Industry Focus

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March 25, 2025

The Thailand Board of Investment (BOI) announce about New organization of Investment Promotion Division as below;

Investment Promotion Division 1 Agricultural, Bio and Medical Industries ;

Investment Promotion Division 2 Advanced Manufacturing Industries ;

Investment Promotion Division 3 Basic and Supporting Industries ;

Investment Promotion Division 4 Digital, Creative Industries and High Value Services ;

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Our company provide total solutions in Accounting for Business. We provide Company Registration , Accounting, Tax advisory, Social Security Fund, BOI Consult Service, BOI Audit, Audit Services, FDA license services, Importation License and Product Registration at FDA.

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🚀 How to Start a Business in Thailand: Company Registration, Tax & Accounting Essentials

5 Accounting & Tax Risks Every Phuket Business Owner Should Know (And How to Avoid Them)

Accounting, Tax, and Audit Services for Businesses in Phuket

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