So, You Want To Set up An Australian Company in Thailand?

But, I cannot speak Thai. That’s okay. You really don’t need to. There are many English speaking legal experts to talk with. Thailand understands the language of business and that’s it. Offering huge business opportunities, the kingdom has become a favorite business hub for everyone. Like the US nationals have the Amity Treaty, Australians can ripe benefits from the Free Trade Agreement. Besides, setting up a BOI promoted business in Thailand will help you further to set up your Australian company in Thailand.

Let’s analyze them;

Thailand and Australia Free Trade Agreement

• Facilitate visa requirements for the Australians who are working in Thailand
• 94 percent of Thai tariffs on the Australian goods are eliminated
• Better access for Australian investors in different sectors

BOI Incentives to Invest in Thailand

Tax Benefits

• Exemption of import duties on different machinery
• 50% deduction of the corporate income tax
• Exemption of the import duty on materials imported to be used in production for export
• Extra 25% deduction on the cost of installation of facilities
• Reduction of import duties on raw materials

Non-Tax Incentives

• Permission to own land
• Remit money abroad in foreign currency
• Permission to bring foreign skilled workers into Thailand
• Foreigners are permitted to enter Thailand for studying investment opportunities

If you are considering to set up a business in Thailand, you must know the business opportunities for Australians.

• Energy and energy technologies
• Marine
• Education at every level
• Consumer and lifestyle items
• Agricultural business
• Global Value Chains, including automotive, food sectors and manufacturing sectors
• Skills development
• Seafood, grocery, meat, wine, horticulture produce and dairy
• Transport infrastructure

However, no matter what amount of information you have about Thailand when you actually step into the shoes of a foreign entrepreneur, things will be a lot different. The first and foremost thing that you need to do is know the Thai culture. The Thais are very particular about their language and culture. Similarly, you must respect the monarchy. You must be open for technology transfer. Also, you must be flexible and accommodating.

Once you take care of all these, you will be fully ready to set up a business. While you do that, we can get things rolling for you. Our professionals will do everything from advising to provide all sorts of legal support for company formation.