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Thailand
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 6 | Chakri Day |
| April 13 | Songkran |
| April 14 | Songkran |
| April 15 | Songkran |
| May 1 | Labor Day |
| May 3 | Labor Day observed |
| May 4 | Coronation Day |
| May 11 | Royal Ploughing Ceremony Day |
| May 26 | Visakha Bucha |
| June 3 | Queen Suthida’s Birthday |
| July 24 | Asalha Bucha |
| July 25 | Buddhist Lent Day |
| July 26 | Asalha Bucha observed |
| July 26 | Buddhist Lent Day observed |
| July 28 | King Vajiralongkorn’s Birthday |
| August 12 | The Queen’s Birthday |
| October 13 | Anniversary of the Death of King Bhumibol |
| October 23 | Chulalongkorn Day |
| October 25 | Chulalongkorn Day observed |
| December 5 | King Bhumibol’s Birthday/Father’s Day |
| December 6 | King Bhumibol’s Birthday/Father’s Day observed |
| December 10 | Constitution Day |
| December 31 | New 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.
