Setting up a Company

An easy and hassle-free way to legally set up your company in Thailand.

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Setting up a Company in Thailand

Setting up a company in Thailand is on the rise due to the country’s exponential economic development over the years. Investors have been drawn to the country as a result of strong government support, incentives, and economic expansion in order to meet the country’s growing business demands.

Doing business in Thailand is also made simpler by well-defined policies aimed at economic growth and global trade. The infrastructure facilities, as well as the country’s geographical location in Asia and a cost-effective workforce, are the main advantages for most investors.

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Check out other related services offer in Thailand to help you set up your company.

Corporate Services

We can help you choose the right services for your company because of our partners’ extensive knowledge of Thai business law. With comprehensive support from our team, we will always provide the highest standard of performance.

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Legal Advice

Because judicial matters can be complicated, our experts are here to help you understand every aspect of your case, give you special legal service and learn more about your rights, Thai laws, and legal needs.

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Why Choose the Thaiger?

Our goal is to assist anyone who wants to start a business in Thailand in the most efficient and timely manner possible. We follow all of the rules for business investment in Thailand and will be there for you every step of the way. You can rest assured that your company’s investment will be fully supported by the Thai corporate system.

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The requirements for Setting up a Company in Thailand

Before you begin the process of establishing a company in Thailand, here are a few things you should know.

1. The company’s headquarters must be located in Thailand. It has to include a copy of the house registry number (Tabien Baan) along with a document used for approval from the landlord.

2. The Foreign Business Act requires a minimum capitalization of 2 million Bath for non-restricted and 3 million Bath for restricted company. Thai-owned businesses are exempt from those regulations. However, the business will need to meet financial requirements to support a work permit for a foreign worker.

3. The application must be accompanied by a memorandum of association.

4. You must’ve had a legislative conference.

5. The majority of shares must be held by a Thai national, the bank will issue a letter of certification for the appropriateness of funds in the Thai shareholder’s personal bank account.

6. The application documents will be signed by all shareholders, promoters, and directors within Thailand.

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Types of Company You Can Set Up in Thailand

As a foreigner, here are some types of company you can set up in Thailand:

Limited Partnership

Limited partnerships occur in Thailand where there are one or more partners whose liability is limited to the amount they can choose to contribute to the partnership, as well as one or more partners who are collectively and unconditionally responsible for all of the partnership’s obligations.

Limited Partnerships are required to be registered in Thailand and are considered legal entities. The partner who has unlimited liability is the only one who can act as a managing partner. The situation for foreigners is not the same as for Thai partners, where foreigners can not be the partner with unlimited liability.

Private company limited

There are a limited number of shareholders in the company. At all times, a minimum of three shareholders is needed. A private limited company may be entirely owned by foreigners in some circumstances. Foreigner participation is usually permitted up to a limit of 49% capital shares in activities reserved for Thai nationals under the Foreign Business Act.

Public Company Limited

To form and register a public limited company in Thailand, you must first file a Memorandum of Association with the Ministry of Commerce. A minimum of 15 promoters is required, and the promoters must retain their shares for at least two years before they can be transferred. A public limited company’s Board of Directors must have a minimum of 5 members, and at least half of them being Thai nationals.

Be Successful in Thailand with the Thaiger’s Corporate Services

Thailand’s economy remains open to the markets, with the Thai government supporting economic development, infrastructure spending, and technological innovation. Thailand intends to accept investment from all countries to avoid being too dependent on a single source of revenue. Investors will earn wider opportunities to have successful businesses in Thailand.

Thailand’s central location in Southeast Asia facilitates trading with neighbouring countries while also positioning the country as one of the most popular tourist destinations in the world. Corporate Services can provide companies with market support focused on legal liabilities, tax accounting, and business incorporation.

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