If you are an entrepreneur starting to expand your business or establishing a new industrial factory, an essential requirement is obtaining a factory operation permit (Ror.Ngor.4). This document is crucial for operating at a factory level. The amended Factory Act of 2019 has streamlined the permit application process, making it more convenient and faster for entrepreneurs in Thailand. The process...
Are you looking for a warehouse or factory for rent in Thailand? Chances are, you are not the only one pondering this issue. There are many choices and decisions that entrepreneurs must decide before they kickstart their businesses. Renting a warehouse and factory is one of (if not) the most important steps for any business. Therefore, it is necessary to know the potential costs and expenses beforehand....
When renting a warehouse or factory in Thailand, the documentation and licenses are a MUST preparation work before you start your business. A factory license, for example, is one of the crucial documents for conducting an operation in Thailand. You might have several questions, one of which is, “Do I need a license for my business?” This article will summarize all you need to know about factory...
Taxes are inevitable costs in operating businesses, and the company must understand the tax payment differences and several rules behind them. As for Thailand, there are tax policies and regulations that require people to take note and proceed with the process accordingly. So, when people start their business in Thailand, they always ask, “what taxes do I need to pay when renting a warehouse or...
Setting up a warehouse or factory is one of the crucial steps for many businesses as it either makes or breaks a company. Therefore, many people love to explore as many options as possible, especially the procurement method, whether buying or renting the warehouse. Buying is suited for a long-term commitment and equity in a property, but severely expensive startup costs create unnecessary financial risks....
Do I need to apply factory license prior to renting a factory in Thailand? For anyone interested in setting up a factory in Thailand or starting a business in the factory business, you should know some information regarding Thailand's New Factory Act, which goes into effect on October 27, 2019. The following is a summary of the significant details of the new Act as well as the differences from the...
