How To Register A Foreign Company In Thailand
What documents are required to register my private company in Thailand. 22 House Registration of the Companys address.
The process is often facilitated when Thai BOI approval is obtained.
How to register a foreign company in thailand. Foreigners can be granted a foreign business license for certain business categories or may be granted an exemption based on a treaty or specific act investment promotion. 21 Companys name You must provide company name in Thai and in English. For forming a limited company at least three promoters are compulsory.
However a private limited company must hold at least 51 share except for US citizen to register their company. You can register this business but you cannot trade until obtaining a Foreign Business License which involves providing evidence that the company does not fall within the list of restricted activities and that it will provide benefit to Thai society and economy. Seeking advice from competent company registration in Thailand.
Thailand companies with majority of foreign ownership require obtaining a foreign business license from the Foreign Licensing Department of the Ministry of Commerce. Once you submit your promotion acceptance form you have to register your company with the Department of Business Development. It is worthy to note however that a foreign companys business activity must conform with the activities allowable to the particular business registration it chooses to register with.
The incorporation of a Private Limited Company requires. For foreigners the investment must be at least 2000000 baht. Copy of passportID card of director and shareholders with signed.
When selecting a company incorporation services agency consider the agencys reputation years of experience. However they still have to request for the Certificate of Business Operation from the Bureau of Foreign Business Administration Department of Business Development of the Ministry of Commerce Thailand. These three people include a director an auditor and a registrar to create the Memorandum of Association.
A Thailand limited company requires a minimum of three promoters who file a memorandum of association convene a statutory meeting and register the company. The first step in setting up a company in Thailand is to reserve your company name. To register a Limited Company you need at least three promoters and shareholders.
This is the same as a Thai limited company but with a majority of shares foreign owned. Firstly foreign companies can establish their presence in Thailand via a branch regional or representative office although this solution will only work for established foreign companies. When it comes to the intent to operate a business as a foreigner in Thailand the approval requirement under the Foreign Business Act BE.
The name must not be the same name or resembles the name of any existing registered company in Thailand. The second choice is to register a Thai company with Thai majority ownership. You can skip this step if your company is registered with the Department of Business Development.
Foreign companies have several options to choose from in establishing their corporate presence in the Kingdom. According to the Thai law you register a Limited Company by dividing capital funds into shares. The company name must end with the word Limited.
To register a limited company it requires a minimum of three shareholders and one director. Among these three promoters two of them can be expats and the third person must be a resident of Thailand. You have to count a balanced setup of at least 3000000 baht.
2542 must be complied with. Copy of passportID of every promoter s with signed. Once the Thai company has been registered it needs to obtain a tax identity card.
Before you register your business in Thailand you must prepare the information as follows to be ready. One of the prerequisites for registering a company in Thailand is a local registered corporate address in a commercial building. The promoters and shareholders can be the same people.
Limited Partnership is among the most popular business registration type in Thailand. To ensure streamline and legally compliant company registration in Thailand for foreign entrepreneurs and investors they should hire professional company registration services provider to register a Thai company. Because of the Treaty of Amity American citizens and American majority owned companies can operate their business in Thailand without having to have a Foreign Business License.
Copy of passportID card of 2 witness with signed. Types of Business Registration Options. Brief description of business activities.
