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