The business needs to have a financial statement. The financial statement will show you where a company’s income came from, how much it was spent, and where it is now. However, it also always advisable to leave it a professional and reliable accountant’s hand. Whether your registered business is a limited company or a public limited company in Thailand, you need to submit the financial statements within one month from the meeting date.
Therefore, it would be better you have a financial statement service with your business in Thailand. You will know your finance activities run in your business, and it will also benefit your business investment decision year to year.
A financial statement can use for many purposes, which could be necessary for some of your activities and the convenience of your business. Check the information below about the purpose to have a financial statement.
A statement will show all the detail about your business’s whole year’s financial activities such as income, deposit, tax payment, etc.
Your statement could be a required document to use as financial evidence for bureaucratic application.
Statment can use for applying for businesses or SMEs loan, which it could be necessary for business.
Financial statements will support your business decision with a snapshot of the company’s financial status.
I was having trouble with my landlord where I knew I needed legal advice, I enquired and received a call back from one of the thaiger’s partners where they gave me some advice and recommended their service to fix the problem.
Legal advice is often undervalued, but having the authority of a legal professional on your side is critical especially when you are in a foreign country. Will be using this service again for sure.
Got legal advice for the land we are buying in Hua Hin. The law company for a fee handled all the paperwork and legal requirements needed for the property.
I had a very good experience with The Thaiger and one of their partners. They were easy to get hold of, polite and pleasant to talk to and delivered what they said they would do in a timely manner.
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There are many advantages of a financial statement that would benefit your business. Check the information below for how it can support your business in Thailand.
The benefit of financial statements is to create a plan for future investment by reviewing previously reported and audited financial activities. Budgets assist in aligning costs with revenue and sales. Budgets are forecasted using financial statements that have been compiled.
The amount of debt your business has and in what type it has, it is a major indicator of financial stability. Financial statements divide your assets from your debts and show you how much money you owe and how much money you bring in. Knowing the assets for the financial statement will benefit you with managing debts payment.
Company loans, credit cards, dealer accounts, and other accounts payable are all examples of liabilities. It’s absolutely a great strategy to have this detail on hand because most lenders and credit card providers want you to have it. So, it would easily and in quick access as you apply for a loan or a credit line.
A financial statement will determine market tread. The business should analyze and review financial statements over time. It allows the company to see which goods are making a revenue, which segments are growing well, and which segments of the market need further analysis, reinvestment, or withdrawal.
Thank you, Thaiger, and their service to make me found a good provider besides my business in Thailand. The statement is a very important key to make my business drive forward faster and easier. It liquid my investment and help me decide on business and future investment. My provider is very professional and works on-time manner. I never regret reaching for Thaiger’s help.
Top tip: A professional and time manner service is the one factor of success.
The Thaiger’s extensive knowledge of Thai business law allows us to help you choose the best entity for your business. We will always provide the highest level of quality, with comprehensive support from our experienced team.
We understand how complex business laws are. Therefore, we are ready to help you navigate these laws with our experts to set up the right corporate structure and make sure that you comply. We have various corporate services for you.
1. Tax/ VAT registration
Setting up some businesses in Thailand may require Tax/VAT registration to the Department of Revenue. Your business will receive a Taxpayer Identification. The VAT process must also be registered in the form of businesses. Get expert options from our professional consultant to entering markets for your best set-up control.
2. Accounting Services
It could be difficult to understand Thai tax and accounting laws, especially if you are unfamiliar with the Thai language. Accounting services will support you through all the processes. Accounting Service to fulfil your demands and support you to the top of the competition in business with professional accountants.
3. Business Investment
Multinational companies may wish to establish a presence in Thailand but do not want to establish a separate legal entity, such as registering a Thai Limited Company. In this case, we can help you open a branch office, representative office, or regional office.
4. BOI Services
Get promotion in business investment in Thailand, which allows getting 100% ownership. Promoting foreign investment in Thailand. BOI provides information about investment processes and rewards to investors to raise Thailand’s economy. We can help you get this special business license and promotion from BOI.
Our Corporate Services will support your business to be successful in Thailand.
There are other interesting services you may want to check out to ensure you are supported in Thailand. We listed it down below for you.
Once you successfully set up your business in Thailand, it is important to protect it. Have peace of mind running your business and achieving your goals with business insurance.
Need to buy a property for your business in Thailand? Partnering with Thailand’s best property portal, FazWaz, we can help you find the right commercial property to suit your needs.
Get the Thai elite visa, which allows you to reside in Thailand for a long-term (5, 10, or 20 years), while also providing you with benefits. It suits investors and business people who would travel to Thailand multiple times a year.
Ensure your business has cash flow and all financial activities are supported. Whether your a sole trader or in a partnership, SME loans are available for you. Get more credit facilities in the form of a loan to drive your business. We’re here to support your business in Thailand.
Thaiger will support you with the operation of essential relevant services for any of your proceedings and provision in Thailand. To provide assistance and advice on all legal and corporate concerns.
Get the most convenient and efficient currency exchange rates in any currency. Transfer your funds without charge and in complete security 24 hours a day despite where you are.
There’s no need to be worried if you don’t understand Thai documents. We will provide you with a translation in your native language for your documents.
Whether you’re looking to invest, purchase, sell or rent, find out everything you need to know about buying and selling properties in Thailand with our professional teams.
Ensure that you have legal support from expert international lawyers. Claim your rights and get advice or answers to any conflicts of law in Thailand.
Build the best corporate structure for your company. Get advice and support for Thai business law through the process of getting all the essential permits to set up your business.
Every successful business does accounting. However, starting a business while managing your accounts efficiently is difficult. That’s why a company cannot exist or operate without the help of professional accountants. Accountants play a significant role in numerous things, including tax preparation services, auditing, bookkeeping, and consultancy.
The Thaiger’s accounting services can help you manage and run your business in Thailand. Our accounting service will help you understand your tax liabilities and exemptions, do financial analysis, track expenses, and keep you legally compliant with financial filings in Thailand.
You can ensure that everything is going smoothly and customers are satisfied without dealing with your finances.
You can receive your financial statement by email or post.
The financial statement will describe all of your business financial moment, which includes your income, expense, debt, and daily, monthly, and yearly basis of money inflow and outflow. Furthermore, it will also define each financial activities is related to whom.
Yes, you should. A financial statement will benefit your business, and you might need it to apply for an SME loan.
Financial statements should be intuitive, relevant, reliable, and comparable. They should provide facts about a company’s financial situation, results, and improvements in a financial position that is beneficial to a wide variety of consumers in making business decisions.
The services will provide a balance sheet, profit and loss statement, retained earnings statement, and cash flow statement.