Eternity Law International — News — Company registration in Thailand

Company registration in Thailand

Published:
December 22, 2020

Thailand’s legal framework is geared towards supporting domestic business, which is why government agencies are reluctant to provide foreign investors with the ability to hold and freely manage assets. A non-resident owner can own the capital in its entirety only if he receives an appropriate license. The government agency issues such permits only to those who have made a significant financial contribution to the development of the Thai economy, transferred any strategic technologies to jurisdiction, or provided jobs to many Thai residents.

Other foreign businessmen may own no more than 49% of the property. You can get around these restrictions by engaging in export activities only. In addition, you can take over all the management of the company and the right to sign. Only one director can manage a firm, and he can be a non-resident.

The business must regularly submit reports, be audited and pay tax fees of 30%. Some small and medium-sized companies enjoy reduced rates, however, in general, Thailand cannot be called offshore.

Registration of the Thai company

The jurisdiction of Thailand offers non-residents the following forms of business:

  • partnerships – simple type, registered and with limited liability imposed on the founders;
  • COO. This is one of the most popular forms among foreigners. Registration of this company is carried out in the form of an open or closed joint-stock company. The responsibility of the founders depends on the size of their contributions;
  • regional office and representative office. Restrictions on the scope of activities are imposed on such firms. They cannot be associated with trading operations and have the right to engage only in the dissemination of information and the search for services for the parent company.

To register a Thai company, you need to collect the following documents:

  • select and approve the name. You will need to select at least 3 unique names, English is allowed. The name is booked for a month, and there is no way to extend this period;
  • draw up constituent documents: an agreement containing information regarding the company, its activities, capital, founders and the size of each of the shares. All participants and 2 witnesses must sign this document. It is drawn up in 2 copies;
  • approved Status;
  • certificate or extract confirming registration with the registering authority.

After the company goes through the registration procedure, it must be registered with the Tax Department, which implies the subsequent receipt of a Tax ID. This takes about 60 days. If the foreign founder needs a work permit or if the company’s turnover is over 1.8 million baht. you will need to obtain a separate certificate for VAT.

If you need to register a company in Thailand, our specialists will help you register a company quickly and efficiently. Also, you can buy a ready-made company in Thailand. Write to us in the CRM form and we will help you register a company.

Eternity Law International specialists will provide you with qualified advice on the acquisition of an offshore company, opening a bank account in any jurisdiction, as well as further support of your company’s activities at any stage.

We offer ready-made European and offshore companies. It takes 2 days to reissue documents for new owners.

If you have any questions or need advice on registering or buying a company, call us at the phone numbers listed on the website, or write to us in the CRM form located at the bottom of the page. Our specialists will answer you online.

You can order Company registration in Thailand now!

Order now

Businesses for sale

Ready-made company in Thailand

Asia, Singapore
What is included: Ready-made company in Thailand, Local bank account, Legal address Cost: on request. A limited company or partnership is considered local (resident) if they are formed in Thailand and registered by Ministry of Commerce. Local companies pay taxes on income generated both inside Thailand and overseas. There are no differences in taxation of...

Ready-made company with active bank account in Thailand for sale

Asia, Thailand
Interested investors are offered a lucrative offer to buy a ready-made company with an active bank account in Thailand. The company was founded and established in Bangkok. Ready-made company with an account in Thailand for sale: structure and activities A company with an active bank account for sale in Thailand has the following characteristics. Ready-to-use...

You could be interested

Registration of an investment fund

Registration of an investment fund is an urgent issue for commercial entrepreneurs who want to invest their capital. WHOM IS THE INVESTMENT FUND USED FOR? Funds are created for profitable investment of currency. They combine the financial resources of several investors to form a single capital, which will help attract new partners and increase total...

Permanent resident card in Lithuania

Permanent resident card in Lithuania – interesting possibility. Lithuania is a country that opens prospects for those who want to penetrate the European environment and change their social status. Registration of a Lithuanian permanent resident card has many advantages. The population of Lithuania is distinguished by its friendliness and loyalty to immigrants. In addition, the...

Start a business in the Czech Republic

The Czech Republic is a desirable jurisdiction for establishing a foreign firm because of its advantageous location, own sovereign currency, and wide network of European relationships. The most preferred option among foreigners is SRO, an alternative to a well-known LLC. Company formation in the Czech Republic The Czech Republic has a satisfactory integration into the...

SEMI license in Portugal

The investment industry is constantly evolving with the growth of cryptocurrencies and online payment systems. In this era of financial innovation, SEMI licenses are becoming the primary way to store and exchange alternative electronic money. With an excellent regulatory framework, Portugal stands out as a favorable location for companies looking to obtain a SEMI license...

Company registration in Romania

Romania is very interesting location for representatives of international investment and financial structures. As a result of the active development of the economic sector, the stabilization of the fiscal system and a loyal legal framework, the Romanian jurisdiction is becoming a home for more and more companies. Romania is not listed as a standard offshore,...

Company registration in St. Kitts

Saint Kitts is located in the Caribbean and is part of the joint island state of Saint Kitts and Nevis. This is an offshore company in the direct sense. The main advantages of setting up a company in this jurisdiction are as follows: St. Kitts company form The type of company available to non-residents in...

Related posts

Thailand Authorised Crypto Companies

Firms striving to offer online currency services have to get a relevant permission for performing such operations. Cryptocurrency companies in Thailand confirm their authorization, dependability, and reputation, allowing businessmen to operate lawfully within the country. Authorised crypto companies for sale in Thailand can lawfully perform operations related to trading of online and monetary possessions, swap...

Crypto license in Thailand

A crypto-license is needed for firms in Thailand engaged in 3 types of digital currencies deals: stock trade, brokerage and dealer activities. Such authorization is issued by Securities Commission (SEC). Thailand became pioneer in Asian spaces to start officially-regulating virtual assets market and issuing permits to operate with such currencies. Our team specializes in launching...

Forex license in Thailand

Organizations dealing with securities weren’t earlier allowed to implement purchases, vends or exchanges of foreign currencies directly with customers, as it was impossible to license it. Due to the increasing popularity of investing in foreign currency-markets, Thailand’s regulators created new regulations giving securities-companies possibilities to apply for permission for foreign exchange-operations. Forex license in Thailand...

Crypto regulation in Thailand

In Thailand, sphere of cryptographic-currencies is quite developed. There’re many tools helping in purchasing, vending and trading digital money. But crypto regulation in Thailand is quite strict. Main aspects of regulation on digital-asset license in Thailand In accordance with Thailand and cryptocurrency regulation, cryptographic monetary means in this country isn’t currency. These’re digital-assets being able...

Registration of IT company

SELECTION OF JURISDICTION AND REGISTRATION OF IT COMPANY Registration of IT company initially begins with a choice of jurisdiction. It has long been known that the development of private enterprise is a complex process that requires perseverance, financial investment, professional knowledge and technical skills. One of the main obstacles that creates difficulties for the entrepreneur...

The cryptocurrency in Thailand

The Ministry of Finance of the State is carrying out a program to regulate the circulation of cryptocurrency assets, now it will not be easy for traders to obtain cryptocurrency in Thailand. Experts understand the intricacies of the new tax policy of the state. The meeting of the Cabinet of Ministers was held on March...

Discover our services

The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.

Ready-made companies for sale

Companies with a bank account around the world

Banks for sale

Established Banks for sale

Ready-made licenses for sale

Forex, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Licensing

Forex licenses, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Offshore company registration

Expert advice on the acquisition of an offshore company

Open a bank account

Open bank accounts in more than 120 banks around the world
Fill the blank: