Andrea lives in Bangkok, where he set up “AD ASIA Consulting” to assist companies and individuals interested in moving to Thailand.
40-year-old, Rome-born Andrea Dolcemascolo moved to Bangkok, Thailand, where he now lives and works. Thanks to his business experience, which he developed during years of work in the Asian markets, he set up AD ASIA Consulting (which also has a branch in Rome). The agency not only follows step by step Italian companies which are interested in opening a branch or moving their production in Thailand, but also assists individuals and families during their moving stages to the Asian country.
“Taxation is fair, for example the VAT rate is 7%, withholding tax rates are 3% or 5%, social contributions – inspired by the US social security system – are paid with a 5% rate by the company and a 5% rate by the worker. Income tax is 20%. To open a “Limited liability company” you need 15 days. The majority of management staff is foreign or Thai with a foreign background, while the vast majority of Thais hold lower positions. The Chinese and Japanese are very present, but I would say the whole world is present in Thailand. The unemployment rate is 1%…”. READ FULL ARTICLE