company formation in thailand
TRANSCRIPT
Company Formation in Thailand
A presentation brought to you by ThaiCompanyFormation.com
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Why Start a Business in Thailand?
• Thailand is located strategically, being a gateway to the center of Asia, which is an important reason why entrepreneurs choose to open companies here.
• The country’s economy is characterized by stable growth, robust exports and an exciting domestic consumer market.
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Types of Companies in Thailand
• Investors who want to register a company in Thailand are allowed to establish the business under the following legal entities:
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limited company- established by at least three shareholders;
partnership – managed by minimum two persons;
joint venture – formed by a group of natural persons and/or legal entities.
Requirements to Open a Company in Thailand
• The most important condition with respect to setting up a company in Thailand is the financial aspect involved.
• The capital necessary for such an initiative is a minimum of two million Thai baht in order to obtain a valid work permit.
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Steps for Opening a Thai Company >>
• The registration process of a company in Thailand implies the following steps:
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drafting the articles of association;
obtaining the documents required by the registration office in Thailand;
specimen signatures;
investors’ passport copies.
>> Steps for Opening a Thai Company
• The other steps to be followed are:
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setting up an office for the company;
opening a local bank account;
value added tax registration at the Ministry of Finance Revenue Department;
obtaining a corporate seal;
registration of the company with the Social Security services.
Business Licenses in Thailand
• In Thailand, certain types of businesses like pharmacies or agricultural ones have to be issued permits in order to produce and import inside the country.
• Also, the foreign business license in Thailand enables foreigners to manage and lead companies with activities which normally are restricted.
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Tax Registration for Companies in Thailand
• A Thai company must register with the local authorities for Value Added Tax and at the social contributions.
• Our Thai company formation agents can assist companies with accounting services.
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Company Formation Services in Thailand
• We can assist investors throughout the entire company formation procedure in Thailand.
• For information on the company registration process in Thailand, please contact our company formation specialists who can offer assistance in choosing a legal entity that will fit your interests.
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Thank you for your attention!
For more information, please contact us at:
(+44) 203-287 0408 (for international clients)
www.thaicompanyformation.com10