Though, the majority of the foreigners prefer setting-up a limited liability company in Thailand, there are other forms too. Below mentioned are they;
1. Thai BOI Company
The Board of Investment (BOI) approved companies have the advantage edge to enjoy innumerable investment benefits, including significant tax waivers and multiple work permits. Cut short, eligible businesses are able to enjoy tax and non-incentives. Besides, 100% business ownership is a plus.
2. Amity Treaty LLC
To register an Amity Treat limited liability company the applicant, be it a person or a business, must be an American National or registered as an US sole proprietorship, representative office, joint venture, limited company or partnership. Although, Amity Treaty protected companies get to enjoy investment benefits like Thai companies, they still need to meet the minimum capital requirement.
3. Thai Public Limited Company
Such an entity is formed to offer shares to the public. And it must have minimum 15 shareholders and 5 directors, where half of them must be Thais. However, this juristic entity is taxed as one, but as far as individual shareholders are concerned they must pay taxes on their earnings, whereas the foreign corporate shareholders must pay tax on the dividends.
4. Branch Office
You may know that a branch office can only do business on behalf of a company located outside of Thailand. But to do that a business license must be obtained. However, it must be noted that a branch office can carry out only specific business activities and Income derived from it is solely subjected to corporate income tax in Thailand.
5. Representative Office
A representative office in Thailand can be foreign-owned. However, it cannot be involved in direct sales in the country. If you are even considering that, then you must bring at least 3 million Baht.
6. Regional Operating Headquarter
You can set up a regional operating headquarter to control the subsidiaries in Asia.
7. Thailand Foundation
A Thai private and charitable foundation formed by a foreigner is eligible for a CIT rate of 1%.
8. Thailand Limited Partnership
To register a Thailand limited partnership you will need 1 limited partner and 1 general partner.
As for a limited liability company, you will need to have a minimum of 3 shareholders and 1 promoter. If you want to do the same, then you must reserve the company’s name based on your preference, provided it is not similar to any or repeated. Once you have the approval, you will need to file a Memorandum of Association (MOU) with the Commercial Registration Department.
