Company Formation in Thailand

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company formation in thailand

Hassle-Free Process of
Company Registration in Thailand

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Navigating the legal landscape of Thailand will be difficult for foreign business owners as they are unfamiliar with Thai laws & procedures. Fortunately, with our extensive experience in handling complex Thai corporate law matters, we can help you set up your company in Thailand smoothly and efficiently.

At Konrad Legal, we take the stress and uncertainty out of process of your Company Formation in Thailand. We take the guessing out of the intricate legal process, and assist in setting up your Thai firm for true success.

Be it Board of Investment Promotions, Treaty of Amity Company or incorporation of a LLP in Thailand, Konrad Legal Company Limited holds the best specialists in the house for all of these.

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Types of Company Formation in Thailand

Thai Limited Liability Company (LLC) – This is how to Register a Thai LLC

This popular form of business structure in Thailand seeks a minimum of 3 shareholders and 1 Thai promoter.

Thai BOI Company – Check your BOI Thailand Promotion Eligibility

This brings in the chance of 100% foreign ownership and 100% tax exemption for your business in Thailand.

Amity Treaty LLC – We Help Americans Setup US-Thai Amity Treaty Company

This form is for US Nationals that can have all foreign directors and 100% foreign ownership.

Branch Office – Here is how you can Start a Branch Office in Thailand

Companies can set up a Branch Office in Thailand to accomplish projects lasting for up to 5 years with tax liability.

Representative Office – Contact us to Start your Representative Office in Thailand

Although this form restricts trading or profit-oriented business but it can be of 100% foreign ownership.

Thailand Foundation – Process to Register a Foundation in Thailand

Foreigners can form Thai private and charitable foundations with a liability of 1% Corporate Income Tax.

Regional Operating Headquarters – Start Regional Operating Headquarters in Thailand

If you want to control subsidiaries of foreign businesses in Asia from Thailand, you can do it via Regional Office.

Limited Liability Partnership – Know more about Starting LLP in Thailand

This form requires general partners with registration, without which it is deemed an ordinary partnership.

5 Simple Steps For Company Formation In Thailand

STEP

01

The company’s name should not be similar to any other Thai companies. The Department of Business Development of Thailand approves the name.

STEP

02

The document should include reserved name of the company, its business objectives, name of the promoter. Henceforth you have to draft AOA for your Company in Thailand.

STEP

03

Statutory Meet is done for approval of the MOA and the AOA in the presence of all shareholders along with finalization of the Board of Directors.

STEP

04

Apply for Company Registration

The directors should submit their company’s registration application within the three months of the Statutory Meet and wait for the approval from Thai Authorities.

STEP

05

Businesses should obtain their tax I.D. card as well as the number for the company within sixty days of the incorporation from the Thai Revenue Department.

Documents for Company Formation in Thailand

Requirements:

  1. Name of the designated company (3 proposed names);
  2. Your confirmation of the address (in Thailand) for the registered address (Head Office);
  3. Your business objective in detail
  4. Shareholders’ Matter
    • Copy of passport of 3 Promoters/Shareholders
    • Share allocation for each shareholder
  5. Directorship Matter
    • Name of Authorized director(s),
    • Copy of passport for each Director
    • And in the case if there is more than 1 director, please specify the signatory condition
  6. The number of foreigners that you initially intended of working for this entity

Articles for your Understanding: Company Registration in Thailand

Frequently Asked Questions

Yes, of course, provided you have a work permit issued from the Department of Labor and you comply with the Foreign Business Act.

You can expect;

  • 100% foreign ownership
  • Limited liability protection
  • Tax advantages and much more

Converting title-less land into a properly-tiled land is one o the easiest ways of making money in Thailand. A lot of influential Thais give in to this while ending up cheating the foreign investors. To save yourself from such fraudsters you must seek legal advice right from the start.

Yes they can, but in the non-restricted categories, including exporting businesses and manufacturing businesses of a few kind. However, there are other methods through which you can obtain 100% ownership. They are;

  • Apply for a license for an alien business
  • Registration via the Treaty of Amity (American only)
  • Board of Investment promotion, including assistance with the alien business license

At first, you should obtain a non-immigrant visa that is often referred to as a ‘Non-B’ visa. It can be applied in your country or in Thailand. Konrad Legal provides the application alongside the sponsorship documents apart from professional assistance.

To qualify for a Thailand work permit you should have a registered Thailand Limited Company that has at least 2,000,000 Baht capitals as well as a VAT certificate. Moreover, when called for the documents, you should present the originals and the copies in the Thai language.

It must have a minimum three promoters, have an auditor, have minimum one director, have a statutory meeting, have a memorandum of association, register incorporation papers, withhold income tax, make a balance sheet once a year and follow accounting procedures stated in the Civil and Commercial Code, the Accounts Act and the Revenue Code. We will help you obtain the necessary documents for Company Formation in Thailand.

The process of company formation in Thailand is complex and for a foreigner to understand its nuts and bolts can be difficult. It is recommended to have a legal expert by your side who will assist you throughout, ultimately setting up your company.