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Navigate Thailand's unique business landscape effortlessly with Innovare's comprehensive EOR solutions. From intricate immigration services to seamless payroll administration, we're your bridge to tapping into this dynamic market.
Navigate Japan's unique business landscape effortlessly with Innovare's comprehensive EOR solutions. From intricate immigration services to seamless payroll administration, we're your bridge to tapping into the world's third-largest economy.
Innovare Thailand, a cornerstone of the Innovare Group, empowers seamless business expansion into Thailand's vibrant market. Leveraging our comprehensive Employer of Record (EOR) services, we ensure your venture's smooth adaptation to the local business landscape. Our in-depth expertise and unwavering commitment to compliance pave the way for your success.
Expert navigation through Thailand's dynamic business environment.
Streamlined processes for employing foreign talent and managing payroll.
Dedicated support for ensuring adherence to local laws and regulations.
Specialized solutions for both expatriates and local professionals in Thailand.
In Thailand, a written employment contract outlining key terms must be provided to new hires within 30 days of their start date. This contract fosters transparency by clearly defining job duties, work schedules, compensation details, and leave entitlements, establishing a solid foundation for the employment relationship.
The payroll cycle in Thailand is generally monthly and is usually paid on the last working day of the month. Standard workweeks are 48 hours, with overtime capped at 36 hours per month. Timely tax filings are crucial, with specific deadlines for both hardcopy and electronic submissions.
Thailand operates a progressive income tax system up to 35%. An individual is considered a tax resident if one stayed in Thailand for 180 days or more in a calendar year. All income derived from work performed in Thailand is subject to taxation, regardless of payment location. Residents are also taxed on foreign-sourced income if remitted into Thailand during the year received.
Thai employees enjoy statutory leave benefits that promote work-life balance and employee satisfaction. These include:
Thailand's social security system, known as the Social Security Scheme (SSS), provides financial security for employees in the event of retirement, disability, death, work injuries, and unemployment. Employers and employees contribute mandatory monthly premiums based on a set percentage of salary:
Employment can be terminated in Thailand where there is ‘just cause’, which includes reasons of criminal offence, employee caused willful damage, negligence causing serious damage to employer/put others at risk, employee violated work rules, regulations or orders even with written warning from employer, employee was absent for 3 consecutive days without notice or any justifiable reason or the employee is sentenced to imprisonment.
Severance pay is mandatory if applicable and determined by the employee’s length of service. Employees working for less than 120 days for the same employer are not eligible to receive any severance payment.
Thailand's central location in Southeast Asia makes it ideal for regional expansion and access to a vast market.
A robust economy with a skilled workforce positions Thailand for exciting business opportunities.
Competitive labor costs make Thailand attractive for businesses seeking cost-effective operations.
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