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1. LIMITED COMPANY
REGISTRATION PROCESS
IN BANGKOK
VAIBHAV BANSAL & CO.
Preamble
Procedure/RequirementProcedure/Requirement
Mandatory Documents
Fees Structure
Others Information
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2. VAIBHAV BANSAL & CO.
LET’S DISCUSS
STEP BY STEPSTEP BY STEP
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3. VAIBHAV BANSAL & CO.
PREAMBLE
Establishing a Thai company may assist a foreigner to
purchase property, live in Thailand, or work in Thailand
The majority of shares in a Thai company must be
owned by a Thai citizen unless it is part of a special
Board of Investment (BOI) program.
Majority 51%, Foreigners 49%
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4. VAIBHAV BANSAL & CO.
PROCEDURE
Minimum of 3 Shareholders and 1 Promoters are required.
3 Proposed name of companies are required to file with
department of business development (DBD).
Then file MOA with Commercial Registration Document (CRD).
Then Statutory meeting is called for shares, directors appointmentThen Statutory meeting is called for shares, directors appointment
& promoters remuneration.
Within 3 Months of Statutory meeting, directors have to summit
application to register the company.
During application process, shareholders / promoters have to
submit payment of shares in new company and sign all of the
registration documents.
After registration, start process for Biz license (VAT) and start the
operation of business
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5. VAIBHAV BANSAL & CO.
REQUIREMENT
Minimum of 3 Promoters and 1 Promoters are required.
At Least 1 Director
An AuditorAn Auditor
A Memorandum of Association
A Statutory Meeting
Registration of the Incorporation papers
Minimum share capital is 2M BAHT (USD 65732)
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6. VAIBHAV BANSAL & CO.
MANDATORY DOCUMENTS
3 Proposed Names of company
Head Office Registration Documents in Bangkok.
Objective of the Company
KYC Documents for Shareholders/Promoters/Directors along with
Passport
2 Witness Name and Address
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7. VAIBHAV BANSAL & CO.
FEES STRUCTURE
Company Registration including registration, VAT, Board
resolution = 2500 USD
Work Permit + Visa Extension = 1500 USD
Visa Charges = USD 66 Single Entry, USD 165 for MultipleVisa Charges = USD 66 Single Entry, USD 165 for Multiple
Entry for a Year
Import Export License
Bank Account Opening charges
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8. VAIBHAV BANSAL & CO.
Other Types of Business Entities
Thai BOI Company
Companies receiving BOI approval are exempted from the need to
have a foreign business license and they are benefited from many
tax and non-tax incentives.
Amity Treaty LLCAmity Treaty LLC
Under the Amity Treaty, a business can be 100% foreign owned,
meaning all the directors can be foreigners, provided they are US
nationals.
Thai Public Limited Company
A Thai Public Limited Company must have minimum 15
shareholders and 5 directors and half of them must be Thais.
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9. VAIBHAV BANSAL & CO.
Branch Office
Multinationals can set-up a branch office in Thailand to accomplish
a project, lasting for 5 years. Income derived from its activities is
subjected to corporate income tax in Thailand.
Representative Office
Other Types of Business Entities
Representative Office
A representative office in Thailand can be 100% foreign owned.
However, it cannot get involved into direct sales in the country.
Regional Operating Headquarter
To have a control over subsidiaries in Asia a foreign company can
establish a regional office in Thailand.
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Thailand Foundation
Foreigners can form a Thai private and charitable foundation,
eligible to a CIT rate of 1%.
Thailand Limited Partnership
Other Types of Business Entities
Thailand Limited Partnership
Thailand Limited Partnership needs one limited partner and one
general partner for registration.
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11. VAIBHAV BANSAL & CO.
VISA REQUIREMENTS
Non-immigrant ‘B’ (business visa) .
Contacts at Royal Thai Embassy or home country.
2,000 Baht (USD 65.73) for single-entry with three-month
validity and 5,000B (USD 164.33) for multiple entries with
one-year validity
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