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

You could be interested

Investment funds

Investment funds (hedge). How to open Investment funds – companies engaged in collective investment. Their essence is the accumulation and saving of funds of private and legal entities for further investment through the purchase of securities and shares. For what purposes funds are created? Opening investment funds will help to solve a number of issues...

EU Reaches Deal on Crypto Banking Capital Rules

The EU has agreed on new rules for virtual currencies in the banking sector, in response to the growing concern over unregulated cryptocoins and their impact on the conservative monetary ecosystem. Lawmakers have successfully advocated for reforms, which include modifications to the CRR/CRD IV. These amendments aim to impose stricter rules governing the operations of...

For what reason would it be a good idea for you to consider getting Lithuanian E-Money License?

An electronic money institution (EMI) is a market member authorized by the Bank of Lithuania, which has the privilege to give e-money. Electronic cash is paid ahead of time financial worth gave into course by EMIs, hung on electronic gadgets, which can be utilized for installment purposes. EMIs may likewise perform money settlements, installment exchanges,...

Business in 2021: how did companies manage to weather the global crisis?

What technologies can be used to prevent it in the future? Tech Week 2021, an annual conference dedicated to the introduction of digital technologies into the business sphere, will bring together leaders from companies operating in the technology industry. They will discuss how small, medium and large enterprises can grow and continue to function steadily...

Legal translations

Legal translations – accuracy, convenience and guarantees. WHAT TO ORDER In order to leave a request, you do not need to search for the address in the navigator and lose time on the way to the office. You can contact us online using instant messengers, on the pages of social networks or order a call...

Gaming licenses in Zambia

Online-gambling has been actively developing for several years. This fact made Zambia`s governance think about adopting certain legislative acts to restrain this endeavor. The main purpose of such documents is to identify fraudulent organizations, to ensure the safety of data about players and their accounts, and to provide fair and honest rules on the accrual...

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:

Zurich

Dreikonigstrasse, 31A, Stockerhof
+41 435 50 73 23

Kyiv

Baseina street, 7
+38 094 712 03 54

London

Grosvenor Gardens, 52
+44 203 868 34 37

Washington

1629 K St. Suite 300 N.W.
+1 (888) 647 05 40 Toll Free

Vilnius

Gediminas Avenue, 44A
+370 52 11 14 32

Tallinn

Kesklinna linnaosa, Tuukri 19
+372 880 41 85

Edinburgh

Lochrin Square, 1
+44 203 868 34 37

Nicosia

Jacovides Tower, 5 floor
+371 665 550 51

Riga

Esplanade, 7 floor
+371 665 550 51

Hong Kong

18 Harbour Road, 35/F, Central Plaza, Wanchai
800938622 Toll Free

Singapore

Level 42, Suntec Tower Three, 8 Temasek Boulevard
+6531594300

Sydney

20 Martin Place
+61 2 888 00 365

Porto

2609 Avenida da Boavista
+351 800 500 206 Toll Free

Tbilisi

Revaz Tabukashvili Str., N 45, area N 7
+995706070360