Though the process is simple, it is crucial to take legal help. Being a foreigner it may not be possible to stay updated with all the business laws. Besides, there could be times when you can feel stuck in the process and it is then your legal expert will come to help. For your information, to set-up a company you can choose from the below-mentioned business entities;
- Thai Limited Liability Company
To start a Thai limited liability company there should be minimum 3 shareholders and 1 promoter.
- Thai BOI Company
Companies receiving BOI approval are exempted from the need to have a foreign business license and they are benefited from many tax and non-tax incentives.
- Amity Treaty LLC
Under the Amity Treaty, a business can be 100% foreign owned, meaning all the directors can be foreigners, provided they are US nationals.
- Thai Public Limited Company
A Thai Public Limited Company must have minimum 15 shareholders and 5 directors and half of them must be Thais.
- Branch Office
Multinationals can set-up a branch office in Thailand to accomplish a project, lasting for 5 years. Income derived from its activities is subjected to corporate income tax in Thailand.
- Representative Office
A representative office in Thailand can be 100% foreign owned. However, it cannot get involved in direct sales in the country.
- Regional Operating Headquarter
To have control over subsidiaries in Asia a foreign company can establish a regional office in Thailand.
- Thailand Foundation
Foreigners can form a Thai private and charitable foundation, eligible for a CIT rate of 1%.
- Thailand Limited Partnership
Thailand Limited Partnership needs one limited partner and one general partner for registration.
With so many options available, one of the most preferred is a limited company. Most foreign entrepreneurs choose a limited company over others, especially when it is a brand new business. Just make sure you have all the documents with you so that it helps in establishing the company as fast as possible.
