Thailand
THAILAND

Employer of Record

EMPLOYER OF RECORD

Employ is a trusted provider of Employer of Record (EOR) solutions for businesses looking to expand in the Asia Pacific, Africa, Europe, and America, covering end-to-end employment services for the remote workforce. We specialize in Outsourced Payroll Services, Remote Staffing, and Visa Services. In addition, we bring a centralized approach to HR management, Payroll & Benefits, and Legal Compliance wherever your staff may be.

70 MILLION

total population in 2021

549 BILLION USD

expected GDP in 2023

Thailand is a development success story because of its robust economic growth and significant poverty reduction. This expansion resulted in thousands of available jobs. Local and foreign businesses witnessed extraordinary social and economic development as they expanded to this promising nation. The country’s GDP is projected to trend around 549 USD Billion in 2022. In addition, Thailand’s excellent agriculture and manufacturing industries and the booming tech sector created a diverse workforce. Thailand has the most significant tourism platform in Asia, with around 18 million (to be verified) tourists per year.

PUBLIC HOLIDAYS: 16

  • New Year’s Day – January 1
  • Makha Bucha Day – varies
  • Chakri Memorial Day -April 6
  • Songkran Festival April 13-15
  • Labor Day – May 1
  • Maha Vajiralongkorn’s Coronation Day – May 4
  • Visakha Bucha Day – varies
  • H.M. Queen Suthida’s Birthday -June 3
  • Asaraha Bucha Day – varies
  • H.M. Maha Vajiralongkorn’s Birthday -July 28
  • H.M. Queen Sirikit the Queen Mother’s Day – August 12
  • King Chulalongkorn Memorial Day – October 23
  • H.M. Bhumibol Adulyadej’s Birthday National Day – December 5
  • Constitution Day – December 10
  • New Year’s Eve – December 31

 

SOCIAL SECURITY AND TAXATION

Social Security Fund

  • Employer Contribution: 5%
  • Employee Contribution: 5

Income Tax Rate: 0-35% 

MINIMUM WAGE

336 Thai Baht per day

WORK HOURS

40 to 48 hours per week

OVERTIME RATE

150% of the normal rate

PROBATIONARY PERIOD

119 days or less

ANNUAL LEAVE CREDITS

6 days

MATERNITY LEAVE

Up to 98 days (45 days paid)

PATERNITY LEAVE

not mandated by law

SICK LEAVE

up to 30 days

BONUSES

not required (upon the discretion of the employer)

*Info is not binding, may vary, and is provided only as an indication.

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