How to Set-up a Business in Thailand in 30 Days?

Act fast before anyone else take away your business idea. Especially, if you are thinking of investing in Thailand, the chances are high that someone else would set-up a business that you wanted to. When you can form a company in Thailand in 30 days why would you even wait? If you already have an international business you can consider setting up a business in Thailand as a branch office or representative office. This way you can take advantage of the local business opportunities.

However, in order to set-up a company in Thailand in 30 days, these are the things you must do;

Step 1: Consulting a Legal Firm in Thailand

Speak to our legal experts and they will tell you everything about Thai business laws. Besides, you will know your eligibility.

Step 2: Decide the Form of Business

You may choose from the different forms of companies, including sole proprietorship, Thai partnership, ordinary partnership, Thai limited liability partnership and Thai limited. Although an expat is prohibited from being a sole proprietor in Thailand, if you are a US citizen, then you do stand a chance. However, most foreigners choose Thai limited company over others.

Step 3: Get the Documents:

It should include everything, from your identity proof, other directors’ details, your company’s name suggestion and other required information. Consult with one of our legal experts and he will be able to tell you better.

Step 4: Get a Foreign Business License:

Any foreigner investor will need to obtain a work permit to be able to do business in Thailand. Prior to that you must get a non-immigrant Thai visa. However, US nationals may not require to get a work permit.

Step 5: Company’s Name Registration:

At least three unique names should be suggested in order select one.

Step 6: Filing the Memorandum of Association:

It is usually filed with the Business Development Office and should include documents like company’s reserved name, its business objectives, province where the company will be situated, capital for registration and the name of the director(s).

Step 7: Convene the Statutory Meeting:

Herein the articles of incorporation are approved and the Board of Directors is selected.

Step 8: Company Registration:

With this you are almost completed with company set-up. The directors must submit company set-up application within 3 months of the meeting convened.

Step 9: Tax Registration:

Businesses must get tax ID card and number from the Thai Revenue Department to ensure tax payment. However, companies that earn more than 600,000 baht must register for VAT too.

All these procedures can be done within a month, whereby letting you start your business as soon as possible. For further information contact us