How to set up a company in thailand

Added: Ivonne Hillery - Date: 22.09.2021 00:53 - Views: 38268 - Clicks: 2659

There are several ways for foreigners to set up a company in Thailandthe most popular being the Thai limited company, which is likely to be your choice too, since it gives you the advantages of being able to operate in a category that is normally reserved for Thais, requires lower registered capital, and gives you the option to buy land. Understandably, you may question the wisdom of having a majority of Thai shareholders, but rest assured that we can arrange for you to have total and legitimate control of your company and all of its resources, and if you require fast service, we can arrange the registration of your company in just a few days.

Our services extend to arranging the correct visa and a work permit for yourself, as well as any foreign experts that you need for your company. The name you wish to reserve for your company must not be the same or similar to that of other companies.

You will need to follow the name reservation guidelines of the Business Development Office in the Ministry of Commerce, and we will help you with that. The approved corporate name is valid for 30 days.

How to set up a company in thailand

No extension is permitted. It must include the name of the company that has been successfully reserved, the province where the company will be located, its business objectives, the capital to be registered, and the names of seven promoters. The capital information must include the of shares and the par value. At the formation step, the authorized capital, although partly paid, must be fully issued. Although there are no minimum capital requirements, the amount of the capital should be sufficient for the intended business operation.

After the share structure has been defined, a statutory meeting will be summoned where the articles of incorporation and bylaws are approved, the Board of Directors is elected and an auditor is appointed. A minimum of 25 percent of the par value of each subscribed share must be paid. Within three months of the date of the Statutory Meeting, the directors should submit the application for company establishment. Company registration fees are baht perbaht of registered capital.

How to set up a company in thailand

The minimum fee is 5, baht; the maximum isbaht. Businesses liable for income tax must obtain a tax I. Business operators earning more thanbaht per annum must register for VAT within 30 days of the date they reachbaht in sales.

How to set up a company in thailand

You can go through all of these steps yourself, but you will pay a heavy cost in terms of time spent running between various government departments and sorting out papers written in the Thai language the only official language in the Kingdom! Let us handle the whole process for you, including providing your business address in compliance with the legal requirements. Free Download: company formation in Thailand — Procedures. Company Formation in Thailand Forming a company is easy, fast and hassle-free with us. Company Formation in Thailand.

How to set up a company in thailand

Step 1: Corporate Name Reservation The name you wish to reserve for your company must not be the same or similar to that of other companies. Step 3: Convene a Statutory Meeting After the share structure has been defined, a statutory meeting will be summoned where the articles of incorporation and bylaws are approved, the Board of Directors is elected and an auditor is appointed. Step 4: Registration Within three months of the date of the Statutory Meeting, the directors should submit the application for company establishment. Step 5: Tax Registration Businesses liable for income tax must obtain a tax I.

How to set up a company in thailand

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Starting a Business in Thailand: A Step Beginner’s Guide to Law, Registration, Shareholders, Capital Requirements & Tax