Foreigners will be allowed to exchange crypto for Thai baht Thailand will roll out an 18-month pilot program later this year, allowing foreign tourists to exchange cryptocurrencies for Thai baht for spending, aiming to boost the tourism industry. The new initiative is named TouristDigiPay and is scheduled to start in Q4 of 2025 and […]
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Thailand plans foreign income tax exemption for funds remitted within two years Thailand will ease its recently tightened rules on taxing foreign-sourced income, which could benefit foreign business owners and other tax residents who keep profits abroad. The Revenue Department is drafting legislation to exempt individuals from personal income tax on foreign earnings, such
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Thailand to crack down on grey businesses Thailand’s government is ramping up its campaign against so-called “grey businesses” to prevent the country from being used as a transit hub for illegal goods and to protect its industrial reputation. Under enforcement efforts such as the “Shut the Door on Evil” campaign and the “Sud Soi”
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Thailand to launch digital platform for foreign work permits Thailand is launching a new digital platform called “e-Work Permit” to simplify and accelerate the work permit process for foreign investors and workers. The system will go live nationwide on September 1, 2025. This online platform will be available 24/7 from anywhere worldwide at https://ewp.doe.go.th.
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Thailand may introduce a $1 million Golden Visa to attract wealthy foreigners Thailand may soon roll out a Golden Visa program requiring a $1 million deposit from foreign applicants, as part of a broader effort to revive its economy. Former Prime Minister Thaksin Shinawatra proposed the idea this week at the “Unlocking Thailand’s Future”
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International driving permits will no longer be accepted for temporary licenses Foreign nationals applying for a Thai driver’s license will soon face stricter requirements, as the Department of Land Transport (DLT) moves to phase out the use of international driving permits (IDPs) for temporary license applications. Under a new draft regulation, which is currently
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Thailand sees a surge in foreign investment in early 2025 Foreign investment in Thailand increased by 34% in the first five months of 2025, with 426 foreign businesses approved to operate under the Foreign Business Act, according to the Ministry of Commerce. The total investment value reached 88.94 billion baht (about USD 2.5 billion),
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Thailand to implement new rules for BOI-promoted companies Thailand’s Board of Investment (BOI) has announced regulatory updates to introduce new compliance requirements for companies receiving BOI promotion. The changes are set to impact salary verification and local workforce ratios, particularly in the manufacturing sector. Under the new rules, employers must submit employment contracts for
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SMEs in Thailand are urged to use mobile and social commerce Thailand’s Department of Industrial Promotion (DIPROM) is urging small and medium-sized enterprises (SMEs) to accelerate the adoption of mobile and social commerce, as well as digital payment tools, to capitalise on Southeast Asia’s rapidly growing e-commerce market, which is expected to exceed US$230 billion
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Thailand approves crypto tax exemption for the next five years Thailand has approved a five-year personal income tax exemption on capital gains from cryptocurrency sales, which will help attract blockchain-related businesses and fintech startups to operate within its regulated ecosystem. Effective January 1, 2025, through December 31, 2029, the exemption will apply only to
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