Open a Company in Thailand
How to Open a Company in Thailand: Features of the Registration Process
Businesspeople interested in Southeast Asia are recommended to pay attention to Thailand. If an entrepreneur is aiming for success and approaches planning carefully, this country can become the right place to realize all business ideas. The reason is that Thailand has a rapidly developing economy, and the government actively supports small and medium-sized businesses.
The country places great emphasis on attracting foreign investors. In particular, there is a special investment program that allows entrepreneurs to enjoy corporate tax exemption for up to 8 years. The greatest chance of receiving such a benefit is for entrepreneurs who decide to open a company in Thailand to engage in:
- scientific research;
- educational activities related to advanced technologies;
- licensing certain technologies, with the intention of introducing them to the market in the future.
In other words, if you decide to open a business in Thailand in the field of high technology, you will have the maximum chances of obtaining corporate tax exemption.
Company Registration in Thailand: Stages of the Procedure
If you decide to open a company in Thailand, the process involves the following steps:
- Choosing a name for the company.
- Drafting the Articles of Association.
- Holding a shareholders’ meeting.
- Direct company registration.
- Registering with the Revenue Department and obtaining a Tax ID. If the annual turnover exceeds 1.8 million Thai baht, a VAT certificate will also be required.
The most common option is opening a company in Thailand as a Limited Company. The minimum authorized capital is 15 Thai baht. There are no requirements regarding its payment.
Please note that when opening a Thai company, a one-time registration fee must be paid. The amount depends on the authorized capital and is determined individually. For detailed consultation on this or any other matter, contact our specialists.
What is Required to Open a Company in Thailand
If you decide to register a company in Thailand, you will need to prepare a certain set of documents. The list may vary depending on several conditions, including the business sector. If, along with company registration, you also wish to open a bank account, you will need at least:
- proof of residence and copies of passports of the director and shareholders;
- a list of several possible names for the future company;
- a brief description of the business model and activities.
When opening a business in Thailand, keep in mind that you need at least one director and no fewer than three shareholders. There are no requirements regarding their residency.
What You Should Know About Opening a Company in Thailand
Self-registration of a company in Thailand is a complex and time-consuming process. An experienced entrepreneur can complete it quickly, but for a beginner, it may take many months.
Contact our company to save time and effort. Our specialists will quickly register a company in Thailand for you and provide full support at every stage of the procedure.
Free initial consultation on legal issues related to the daily activities of the business
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The final cost of opening a business in Thailand depends on the type of activity, number of participants, and other factors. You can find out the exact cost of company registration in Thailand by contacting our specialists.
A company in Thailand can be registered remotely via power of attorney or by visiting Thailand in person.
A non-resident who is not under sanctions and not a citizen of a sanctioned country can open a business in Thailand.
To register a company in Thailand, you need to provide copies of passports and proof of address of the company’s participants.
