Do you need quick information on how to open a company in Thailand? Here is a concise video about the process of company formation in this country:
Steps for opening a company in Thailand
The below mentioned elements represent a part of the requirements which have to be met at the registration process of a company in Thailand; our company formation specialists can offer extensive assistance on all the stages of company incorporation:
• drafting the articles of association; • obtaining the documents required by the registration office in Thailand; • specimen signatures; • investors’ passport copies; • 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.
When opening a company in Thailand, you can choose from several legal entities. Our company formation specialists can offer you guidance in choosing a certain type of business entity, according to the value you want to invest in the company and to the risks you want to assume as an investor.
Thelimited liability companyrequires having a minimum of 3 shareholders and a director. Although the Thai legislation allows 100% foreign ownership, it is customarily that at least 51% of the shares in the company be held by local citizens.
The public limited company must have a minimum of 15 shareholders and 5 directors and at least half of them should be Thai citizens.
The branch office in Thailand is authorized for commercial activities for 5 years; at the end of the period, the company must renew its license.
The representative office can have 100% foreign ownership; this entity is not taxed with corporate taxes in Thailand.
If you need further information on the company formation process in Thailand, please contact our company formation specialists, who can offer you assistance in choosing a legal entity that will best fit your interests; our specialists can help you throughout all the stages of the incorporation process and can offer you related services, such as the opening of a virtual office or accouting services for your company.
The experts at ThaiCompanyFormation.com are very reliable and customer-oriented. They helped one of my clients with the entire company formation procedure in Thailand. I would certainly recommend them to any foreign investor interested in starting a business in this country.
Mihai Cuc, Partner of Enescu & Cuc Law Firm www.RomanianLawOffice.com