So You Want to Open a Shelf Company in Thailand? These All You Must Know

Do you even know what does a shelf company in Thailand stands for?  It is basically a dormant company mostly set up by individuals who want to own a company in Thailand, but are failing to cater to the requirements for the time being; say suppose not having Thai shareholder. The process involved in buying a Thailand shelf company is simple. Therefore it doesn’t have a time-consuming process. Upon incorporation of the dormant or shelf company, the buyer will need to perform a few steps only after purchasing or transferring the ownership. However, our Thai lawyers can assist in the stages of purchase.

Legally, shelf companies in Thailand incorporation would require submission of various documents to transfer the ownership or directorate. On purchase of the shelf company, the buyer will be allowed to make some significant changes, like;

• Changing the company’s name
• Setting out for new business objectives
• Establishing a new business address
• Appointing new directors

Requisites for Owning a Shelf Company in Thailand

Once the shelf company is transferred to its new director, the investor should register for VAT and social security. This company has the right to perform similar activities as any other company has. The directors of the Thai shelf company are eligible to perform many activities even though they are foreign nationals without having a work permit. They can;

• attending a technical or some special seminars
• convening meeting of the Board of Directors
• negotiating a business matter
• participating in any official meeting

When cannot decide whether you should set up a shelf company in Thailand or not, you must look at its benefits. There are so many I tell you! One of the biggest advantages is that you can set-up a company that you can use in the future while your business gains a sense of continuity and maturity over these days.  Similarly, your shelf company will let you protect your intellectual property.  If you have a good trademark or logo in your mind, it is always better to better to get it registered before someone else uses it.