The main advantages and traits of the representative office in Thailand, summarized by our team. Find out more at: https://thaicompanyformation.com/set-up-a-representative-office-in-thailand/.
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Open a Representative Office in Thailand
1. Open a Representative Office
Open a Representative Office
Open a Representative Office
in Thailand
in Thailand
in Thailand
A presentation brought to you by CompanyFormationThailand.com
CompanyFormationThailand.com
CompanyFormationThailand.com
2. Thailand is an important and
growing economy in Southeast
Asia and an increasingly
popular destination for
international businesses.
3. Foreign companies looking to test the Thai market can enjoy the advantages of opening a
representative office as a first step, and a springboard for entering the region.
4. A Thai representative office is not used as
a permanent establishment, rather it is a
way to perform an initial market
research, before the actual business
expansion to Southeast Asia.
5. The representative office is not
generally used to engage in
commercial activities. It can be
used for general liaison
activities, or for market survey
purposes, among others.
Uses
6. An alternative to the liaison office is the branch. This is suitable for international businesses
interested in deriving income from Thailand while their local counterpart engages in the same
activities as the head office abroad.
7. Approvals
The representative office will
need to obtain approval for
functioning from the relevant
Thai authorities. However, it
will not be treated as a locally
registered company.
8. When it engages solely in marketing, liaison, or
promotional activities, and does not derive income, the
representative office is not subject to the entirety of the
usual accounting rules for businesses.
9. Special conditions
Certain rules apply to foreign
businesses in Thailand that
concern a minimum capital, as
well as an initial fee to open the
liaison office. Our team can
detail these.
10. International companies interested in testing the Thai market can reach out to
our local team of company formation experts for assistance in making their first
step: opening a representative office.