Open a Non-Profit Organization in Thailand
Updated on Monday 27th March 2017
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A non-profit organization (NPO) or a non-governmental organization in Thailand (NGO) is established with certain purposes like research in health, education, science or can have activities for the benefit of the society in the form of charities or foundations. NGOs in Thailand can be set up as companies or associations, where the profit or the donations will be reinvested for further activities or projects. People from abroad interested in opening a non-profit organization in Thailand can obtain suitable assistance and complete information from our Thai company formation specialists. You can also receive details about how to open a company in Thailand.
Details about non-profit organizations in Thailand
Foundations or charities in Thailand are partially exempt from taxation, for example, if the revenue for the tax year exceeds the outflow, the owner will only pay 2% tax rate on such profits. This is a special and notable tax rate which is considerably lower compared to those imposed on companies in the country. Individuals create NGOs in Thailand for varied reasons, like:
• research in health;
• economic development;
• community development;
• public interests.
Any foundation or NPO in Thailand needs to be registered with the Thai Ministry of Interior, as a legal entity with owners and regulations. If you are interested in opening a non-profit organization in Thailand, we invite you to ask for comprehensive guidance from our experts in company registration in Thailand. It is good to know that the company registration procedure in Thailand can be done within a few days, with help from our advisors.
How to register an NGO in Thailand
Individuals interested in opening a non-governmental organization in Thailand must submit the documents at the local Thai registrar and need to consider the rules and regulations stipulated in the Operation and Registration of the Foundation B.E. 2545. We remind that the following documents need to be prepared when registering an NGO in Thailand:
• details about the owners and board of executives;
• information about the purposes of the foundation;
• the rental agreement or ownership title of the location of the NGO;
• copies of the identification cards of the foundation members;
• information about the address of the institute;
• if assets are registered, a copy of the documents must be provided.
Even if it’s a non-profit organization in Thailand, one should know that a deposit of minimum THB 200,000 needs to be registered in a bank account.
Additional information about how to set up a non-governmental organization in Thailand can be obtained from our Thai company formation specialists.You can contact us if you want to open a company in Thailand.