Living in Thailand:

• Language: English is spoken in some tourist areas, it is not widely spoken throughout the country

• Cost of living: Lower than in Singapore, a higher standard of living for your income. However, Bangkok faces inflationary pressures

• Affordable housing: Options range from modern condominiums in Bangkok to beachfront villas in southern Thailand. Prices vary depending on location, size and amenities 

• Transportation: Public transport is extensive and affordable, including BTS Skytrain, MRT Subway and buses

• Infrastructure: Traffic congestion can be a major problem in Bangkok and other parts of the country can lack basic infrastructure such as reliable public transportation

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Working in Thailand:

• Hierarchy and respect: Thai workpalces are hierarchical, with emphasis on being respectful

• High context culture: Thais often avoid saying "no" directly to save face

• Decision-making: Decisions are typically made by senior management after consultation

• Saving face: Public criticism or confrontation is considered disrespectful

Key Learning Points on Social Fund Policy:

Donation

Tax Incentive for both corporates and individuals

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Purpose of the Fund

• Loans for the registered Social Enterprise with low interest rate (below 6%) with 10 year timeframe

• Seed funds (<2M THB/SE)

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Registered Social Enterprise

• Benefits include:

  • Social purchase benefits with government sectors​

  • Any donations to Social Enterprise from corporates can reduce income tax