Thailand’s LTR Visa Criteria Improvements
Thailand’s Cabinet has approved significant enhancements to the criteria for the Long-Term Resident (LTR) Visa, a critical measure aimed at attracting highly skilled foreign professionals and investors to the country. It is important to note that the BOI has not yet published an official announcement to confirm these changes, so the exact effective date remains […]
Thailand’s New Minimum Wage Law 2025 -Important Update for Employers
The Wage Committee has announced a Notice of Minimum Wage Rates (No. 13) with a significant increase in the minimum wage, effective 1 January 2025. This change will have a major impact on businesses, particularly in the areas of Chachoengsao, Chon Buri, Phuket, Rayong, and Surat Thani Province (Ko Samui District), where the minimum wage […]
AI and Cybersecurity Trends for 2025
This emphasizes the growing sophistication of AI-driven cyber-attacks, characterized by increasingly convincing phishing attempts and adaptive malware. The use of AI to target critical infrastructure further underscores the significant challenges faced by cybersecurity professionals. Moreover, the proliferation of deepfakes and synthetic media will necessitate the development of advanced tools for detection and mitigation. In addition, […]
Understanding How Cybercriminals Operate to Safeguard Your Business
By learning how cybercriminals select their targets and execute attacks, you can take proactive steps to prevent data breaches in your company. To provide deeper insights into attackers’ strategies, we partnered with NordStellar to analyze nearly 2,000 data breach incidents reported between August 31, 2022, and September 1, 2024. Our findings shed light on which […]
Foreign Investment in Thailand: FBL Statistics Update (January–November 2024)
As of November 2024, the Ministry of Commerce has granted FBL approvals for foreign investment under the Foreign Business Act B.E. 2542 (1999) to a total of 884 businesses. This includes 202 businesses through direct foreign business licenses and 682 businesses through certificates of foreign business operations (through the BOI, IEAT, or the Treaty of […]
Worst Passwords of 2024: A Wake-Up Call for Digital Security
The latest annual study from NordPass on the 200 most common passwords globally highlights a persistent issue: many people continue to choose weak and predictable passwords, leaving their accounts highly vulnerable to cyberattacks. Key Findings Most Popular Passwords: “123456” remains the most widely used password worldwide, followed closely by “123456789” and the aptly named “password.” […]
Software Business Eligible for Thailand BOI Promotion
The latest BOI regulations have set forth several key requirements for software businesses to be eligible for promotion, with a focus on local development, hiring Thai IT professionals, and using advanced technologies. These regulations also provide clarity on how companies can include software developed before applying for BOI promotion, provided they continue to innovate and […]
Harnessing AI: PKF’s Insights on Emerging Technology and Business Adaptation
Exclusive Summary The recent advancements and strategic priorities in technology to drive business growth and resilience. Key Highlights Emerging Technology Trends– Increased adoption of AI and Machine Learning for operational efficiency and advanced data insights.– Emphasis on enhancing Cybersecurity measures to safeguard critical infrastructure.– Transition to Cloud Computing for scalable and flexible business operations. Organizational […]
Businesses in Thailand That Do Not Require a Foreign Business License (FBL)
Exclusive Summary Foreign Business License (FBL) under the Foreign Business Act (FBA). It provides guidance for foreign investors to explore these options, leveraging specific legal frameworks and incentives. Key exemptions include: BOI-Promoted Companies: Businesses in high-tech, digital industries, and renewable energy can enjoy tax benefits, work permits, and land ownership without needing an FBL. U.S. […]
Who and what to do when being audited on the issue of Transfer Pricing?
Are you a foreign tax resident in Thailand? Here are the pending changes in tax legislation regarding foreign sourced income that you need to be aware of.
