Joke Collection Website - Mood Talk - I want to invest in hotels in Thailand. I don't know Thailand's requirements for foreign companies in China and related rules and regulations. Please tell me.
I want to invest in hotels in Thailand. I don't know Thailand's requirements for foreign companies in China and related rules and regulations. Please tell me.
Since the 1980s, Thailand, known as the "country of smiles", has been a hot investment spot. Many multinational companies from western countries come to Thailand to invest and build factories, and then sell their products back at home or abroad. Thailand has become one of the important foreign investors in Asia because of its superior geographical location, stable social environment and the importance attached by successive governments to business development.
In order to attract overseas investment, the Thai government has formulated a series of tax and preferential measures to encourage governments at all levels to develop the economy, so as to create more employment opportunities and increase people's income. Industrial zones with complete infrastructure and service facilities also create conditions for new investment enterprises to start at a lower cost.
For China enterprises planning to invest in Thailand, it is very important to realize the goal of overseas strategic investment, fully understand all aspects of laws and regulations in Thailand, and take the first step. The following are * aspects that need to be paid attention to and understood in the process of investment and operation in Thailand:
First, investment promotion measures.
Investment Promotion Committee of Thailand (BOI) is the government agency responsible for investment promotion, and formulates various preferential investment policies and principles. Before making a formal investment decision, fully understanding the services provided by BOI will help to enhance the value of Thai capital and assets, as well as the quality of products and services, and obtain the most * return on investment. Log on to boi website www.boi.go.th (ranked 5th in the global investment promotion website for many years), or visit BOI's regional and overseas offices, and you can learn about more than 200 industry categories and specific preferential conditions that have been awarded awards. BOI adjusts the preferential investment policies from time to time according to the economic development and investment situation. The industries promoted by BOI can get a number of preferential tax and land use, so that the company can reduce its operating costs and improve its competitiveness in the export market, which is the first step of successful entry.
In addition, investment-encouraging industries can allow foreign experts to be hired, and visas and work permits can be completed within 3 hours through BOI one-stop service center under the condition of complete procedures. The minimum investment limit for promotion is1000000 baht, excluding land cost and working capital.
Second, the restrictions on operating industries.
The Foreign Commercial Law is of great significance to the operation of companies whose capital or shares are held by foreigners. The law divides the industries that foreigners are not allowed to engage in freely into three categories: the first category is industries that are not open to foreigners for special reasons, such as newspaper, animal husbandry, and Thai herbal medicine extraction. The second category is the industries that foreign investors can engage in only after the approval of the Minister of Commerce according to the decision of the Cabinet, such as domestic land transportation, domestic air transportation, antique or art trading, mining and so on. The third category is the industries that the Director of Business Registration can engage in after being approved by the Foreign Trade Commission, such as accounting services, legal services, advertising and so on.
Foreign legal persons who meet the following two conditions may engage in the industries specified in the second category:
(1) The shares held by Thai nationals or non-foreign legal persons according to the provisions of this Law shall not be less than 40% of the capital of the foreign legal person company (unless there are justified reasons, the Minister of Commerce may relax the above shareholding ratio according to the Cabinet resolution, but the minimum shareholding ratio shall not be less than 25%);
(2) The directors held by Thais shall not be less than 2/5.
For the industries that need to be licensed according to the provisions of this Law, the minimum investment for foreign legal persons to conduct business in Thailand shall not be less than 3 million baht. Other industries have a minimum of 2 million baht. The minimum investment refers to the registered capital of a legal person registered in Thailand, and refers to the foreign exchange remitted by foreign investors or legal persons not registered in Thailand. If the Investment Promotion Law, the Industrial Zone Management Law or other relevant laws encourage foreigners to invest, they can engage in the industries specified in the second and third categories.
Fourth Floor
Third, own real estate.
The Civil and Commercial Law is a law that regulates Thai companies' enterprises and business activities. Thai legal persons have the right to buy land and buildings. The lease term of real estate shall not exceed three years. Both parties to the lease can sign the lease contract by themselves. If the lease term exceeds three years, they need to register with the land department. The lease term shall not exceed 30 years at the longest, but it can be renewed for 30 years after the lease expires.
However, according to the provisions of the Industrial and Commercial Real Estate Leasing Law, foreign investors can lease real estate for more than 30 years but not more than 50 years after providing written materials and being registered by the land department, and the contract can be renewed for another 50 years after the expiration of 50 years.
Generally speaking, foreigners are forbidden to own land. However, if you are engaged in industries encouraged by BOI, foreign investors can buy land according to the Investment Promotion Law. The Land Law also stipulates that foreigners who have introduced investment of not less than 40 million baht from abroad can own land of not more than 1 lai (about 2.4 mu, 1.600 square meters) as residential land and operate in the center of Bangkok, Pattaya or other areas stipulated in the Urban Planning Law.
In addition, the HDB Law stipulates that foreigners can purchase the property rights of HDB units. Generally speaking, the area shall not exceed 49% of the total area of the whole HDB. However, under the following circumstances, foreigners can own more than 49% of the flat area: before April 27, 2004, the flat was located in the urban area of Bangkok or within the divisions of various governments and counties stipulated by the laws and regulations of the Ministry of the Interior, and the total land area where the building was located did not exceed 5 lai.
Fifth Floor
Fourth, production and operation.
The Law on Prices of Goods and Services and the Law on Commercial Competition protect the production and commercial activities of investors.
The protective measures of the Price Law of Goods and Services mainly include regulating the prices of goods and services and taking measures to prevent profiteering and excessive hoarding of controlled goods.
The Commercial Competition Law mainly adopts restrictive measures for the following four types of commercial activities:
(a) the operator abuses its monopoly position;
(2) The act of monopolizing a certain commodity or service market by an operator to reduce or restrict competition;
(3) the act of establishing business relations between business operators and foreign business operators, so as to limit the opportunities for domestic residents to directly purchase goods or use services from foreign business operators, regardless of whether the relationship between them is formed by contract, policy, partnership, equity or other similar means;
(4) Business operators take measures that violate free and fair competition, causing others' business activities to be damaged, damaged, hindered, obstructed or restricted, or terminating their business activities by not allowing others to engage in business activities.
Commercial competition law is also the fundamental legal basis for dealing with unfair competition caused by obstacles set by operators to customers, small and medium-sized enterprise operators and others.
Sixth floor
Verb (abbreviation for verb) international trade.
The Export Promotion Department of the Ministry of Commerce and the Customs Department of the Ministry of Finance can provide necessary support and assistance to companies engaged in international trade.
Generally speaking, restrictions on product quality, standards and technology will greatly affect a company's market operation. By providing product standard measures and services, the Export Promotion Office can improve the quality of products and services, reach international quality system standards such as ISO9000, ISO 14000 and ISO 18000, and help companies enter the international market. On the export side, the customs can give considerable preferential and encouraging conditions to export companies, such as exempting imported raw materials necessary for the production of export products from import duties.
*, fiscal and taxation management.
The Commercial Registration Bureau of the Ministry of Commerce, the Commercial Supervision Bureau and the Tax Department of the Ministry of Finance can provide accounting and tax assistance for the company.
The Commercial Accounting Department under the Bureau of Commercial Supervision is specifically responsible for supervising the company's accounting behavior, ensuring that the company's accounting records and business conform to internationally recognized accounting standards, and the company's financial statements are audited and verified by certified public accountants.
Company operators must submit the company's annual financial statements within 5 months after the end of each fiscal year. The tax department is responsible for managing the company's tax payment. The business of a general company mainly involves four kinds of taxes, namely, personal income tax calculated by excess progressiveness, enterprise income tax levied by 30% of net profit, special business tax levied on certain industries such as banking, insurance and real estate, and value-added tax paid by selling goods or taxable services at the rate of 7% (the tax rate of a few businesses is 0). VAT payable =
Seventh Floor
Brief introduction of laws related to investment and operation in Thailand
Output tax-input tax.
Banks, securities, pawn, insurance and other industries belong to the category of paying special business tax, which is paid to the tax authorities and their branches, but the special business tax on the sale of real estate is collected from buyers and sellers by the land department. Value-added tax is levied on the sales of raw materials, products and taxable services, and the annual sales below10.2 million baht are exempted. Some behaviors that do not levy value-added tax have to pay special business tax.
In order to accelerate economic development, it is very important whether products can go to the world market. The Thai government has continuously introduced new policies to attract foreign investment, which has created better conditions for Chinese enterprises to invest in Thailand. For my investors, a comprehensive understanding of Thailand's laws and regulations and related promotion measures will help maximize investment income and achieve the success of investing in Thailand.
This was before 2008. I wonder if it has changed now. I didn't notice, hehe, look at it.
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