Thailand Geography, Politics, and Culture

Thailand is a southeast Asian nation with Bangkok as its capital city. Political stability fluctuates due to the constant coups but Thailand continues to have a monarchy that appears to have a strong partnership with its military. The government controls the media, television, and radio stations but the media are also granted the freedom to speak out and criticize the government for oppression, corruption, abuse of office, among others. Thai culture is deeply rooted in Buddhism where Buddhist beliefs and values are incorporated in their day-to-day lives while exemplifying traditional Buddhist values of mutual respect and self-control. Their cuisine is very popular worldwide and the country has become a major tourist destination of late. Its beaches and resorts are a popular destination for celebrities and regular folk, alike!

2021
April 6Chakri Day
April 13Songkran
April 14Songkran
April 15Songkran
May 1Labor Day
May 3Labor Day observed
May 4Coronation Day
May 11Royal Ploughing Ceremony Day
May 26Visakha Bucha
June 3Queen Suthida’s Birthday
July 24Asalha Bucha
July 25Buddhist Lent Day
July 26Asalha Bucha observed
July 26Buddhist Lent Day observed
July 28King Vajiralongkorn’s Birthday
August 12The Queen’s Birthday
October 13Anniversary of the Death of King Bhumibol
October 23Chulalongkorn Day
October 25Chulalongkorn Day observed
December 5King Bhumibol’s Birthday/Father’s Day
December 6King Bhumibol’s Birthday/Father’s Day observed
December 10Constitution Day
December 31New Year’s Eve
  • บริษัทมหาชนจำกัด, name format บริษัท corporation name จำกัด (มหาชน)
  • บริษัทเอกชนจำกัด (name format บริษัท corporation name จำกัด)
  • ห้างหุ้นส่วนจำกัด (name format ห้างหุ้นส่วน corporation name จำกัด)
  • ห้างหุ้นส่วนสามัญนิติบุคคล (name format ห้างหุ้นส่วน corporation name)
  • Corporate Tax: 20%
  • Income Tax (Lowest Marginal Rate): 0%
  • Income Tax (Highest Marginal Rate): 35%
  • VAT/GST/Sales Tax: 7%
  • Bangkok Bank (Commercial Bank)
  • Krungthai Bank (Commercial Bank)
  • Siam Commercial Bank (Commercial Bank)
  • KASIKORNBANK (Commercial Bank)
  • Bank of Ayudhya  (Commercial Bank)
  • Thanachart Bank (Commercial Bank)
  • TMB Bank  (Commercial Bank)
  • Kiatnakin Bank (Commercial Bank)
  • CIMB Thai (Commercial Bank)
  • Standard Chartered Bank (Thai) (Commercial Bank)
  • United Overseas Bank (Thai) (Commercial Bank)
  • Tisco Bank (Commercial Bank)
  • ICBC Bank (Commercial Bank)
  • Mega ICB (Commercial Bank)
  • Government Savings Bank (State Bank)
  • Government Housing Bank (State Bank)
  • Bank for Agriculture and Agricultural Co-operatives (BAAC) (State Bank)
  • Export–Import Bank of Thailand (State Bank)
  • Islamic Bank of Thailand (State Bank)
  • SME Development Bank of Thailand (State Bank)
  • ABN AMRO Bank N.V. (Foreign Bank)
  • BNP Paribas (Foreign Bank)
  • Deutsche Bank (Foreign Bank)
  • HSBC (Foreign Bank)
  • Bank of China Ltd. (Foreign Bank)
  • The Bank of Tokyo-Mitsubishi UFJ, Ltd. (Foreign Bank)
  • Indian Overseas Bank (Foreign Bank)
  • Mizuho Corporate Bank, Ltd. (Foreign Bank)
  • Oversea-Chinese Banking Corporation (Foreign Bank)
  • RHB Bank Berhad (Foreign Bank)
  • Sumitomo Mitsui Banking Corporation (Foreign Bank)
  • Bank of America Merrill Lynch (Foreign Bank)
  • Citibank Thailand (Foreign Bank)
  • JP Morgan Chase (Foreign Bank)
  • Scotiabank  (Foreign Bank)

Aadmi can support you with your expansion to Thailand. Our team of experts in country manage every aspect of your expansion from incorporation, accounting, legal, and even administrative concerns.  Matched with Global People Strategist’s powerful labor compliance software, your company is in good hands.

Contact us today for more information about how your company can benefit from using Aadmi as your global expansion partner.

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