|Local Time (LIVE):||5:12 AM|
|Local Currency:||$1 = THB 30.45|
|Business Language(s):||Thai and English|
|Tax Year Dates:||1st January – 31st December|
With the second largest economy in Southeast Asia, today Thailand is often considered a great land for business opportunity in this part of the world. The country boasts an array of natural resources, a hard-working and efficient workforce, and an ideal strategic position. Bangkok’s Suvarnabhumi International Airport (BKK) is easily accessible from airports across the world, with direct flights available from cities such as London, Amsterdam, Hong Kong, and Dubai.
If you’ve made the decision to expand your business to Thailand, it’s pivotal that you understand and achieve compliance with Thai HR and payroll law. The country has its own policies regarding sick pay, overtime rates, tax, and pensions among other things – all of which must be properly adhered to.
The experts here at FMP Global are equipped to provide guidance and consultation pertaining to your Thai expansion plans, as well as practical solutions relating to international HR and payroll law.