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How to Set Up a Business in Thailand
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How to Set Up a Business in Thailand

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Learn how to successfully set-up a business in Thailand. Know your options and basic requirements as well as the right people to contact in getting it done right.

Learn how to successfully set-up a business in Thailand. Know your options and basic requirements as well as the right people to contact in getting it done right.

Published in: Business, Economy & Finance

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  • 1. Speak to us now and we will walk you through! Meanwhile, let me give you brief ideas about setting up a business in Thailand.
  • 2. Here are the three options for you if you are planning to set-up your business in Thailand. 1. Thai Partnership • A business set up by a minimum of two persons. The persons are joint partners who share unlimited liability for all the company’s obligations. 2. Thai Representative Office • A representative office is defined by government regulations as the office that a foreign company set-up in Thailand in order to engage in the “international trading business. 3. Thai Limited Company • It is the most popular form of business structures in Thailand. Due to the fact that not only are the shareholders’ liabilities limited to the amount of the shares they possess, but a Thai private limited company also allows separation between investor’s body and managerial body.
  • 3. 1. You must have three shareholders of which one must be a Thai. 2. You must have a non-b visa and a work permit issued by a Thai consulate or embassy. 3. Their must be a capitalization of the company up to 2 million baht. 4. Check our website to see more: www.siam-legal.com
  • 4. 1. 2. 3. 4. 5. Reserve your proposed company name • The Thai limited company name reservation must follow the guidelines of the Business Development Office in the Ministry of Commerce amongst other guidelines. File a Memorandum of Association • The Memorandum of Association of the Thai limited company must to be filed with the relevant Thai authorities. Convene a Statutory Meeting • The Thai limited company must convene a statutory meeting to make all appointments. Registration of the Private Thai Limited Company • To establish the Thai limited company it has to be registered with the Thai government Tax Registration • Obtain a company income tax identity card. All companies in Thailand have to be registered for tax purposes.
  • 5. “Thai Company Limited must follow accounting procedures specified in the Civil and Commercial Code, the Revenue Code and the Accounts Act. A balance sheet must be prepared once a year and filed with the Department of Revenue and Commercial Registration. In addition, companies are required to withhold income tax from the salary of all regular employees.”
  • 6. Siam Legal International Co., Ltd. is an international law firm with years of experience in both government and private sector. With the outstanding vast involvement of our partners in Thailand legal matters, international law and law enforcement, plus the professional services rendered by our licensed Foreign and Thai lawyers, our firm has been branded by both locals and expats as the most trusted and reliable legal service network provider in Thailand. We provide our most reliable staff and licensed lawyers with their expertise in various fields such as: - Private Individuals - Foreign Corporation and Investors - Thai Companies - International Immigration Services (mainly US, UK, Australia, & Thailand) - All Legal Services in Thailand
  • 7. International Dialing: Local number: Fax: Email: Website: +662-259-8100 02-259-8100 02-259-8025 info@siam-legal.com www.siam-legal.com