Eternity Law International Ready-made company in Thailand

Ready-made company in Thailand

Published:
April 16, 2020

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 these income categories for income tax purposes.

Foreign companies pay taxes on income generated only within the country. A permanent establishment of a non-resident company or a foreign partnership is generally taxed according to general rules.

A company has tax burden if it is not legally registered in Thailand but has an actual tax presence there.

The main tax for enterprises is an income tax.

Taxes are subject to net profit of the entity. In the structure of such profit, sources are distinguished on profit from the company’s activities, profit from passive income and profit from capital increase.

The deduction from the taxable profit of funds spent in the course of the company’s activity is legislatively fixed.

The tax rate is 20%. However, Thailand stimulates small and medium-sized businesses.

It is for such size enterprises which meet a progressive tax rate that depends on the volume of the company’s profits. Accordingly, the lower the profit of such companies, the lower the rate.

In Thailand, you can also meet the tax on gross revenue with a rate of 3%. It is paid from the total revenue, but not from the net profit. Nowadays non-resident companies engaged international freight and other transportation services are the only category for such taxation.

Labor and social taxes are presented in the form of payments charged at 5% rate of the employee’s salary. The payer can be both the employer and the employee.

Value added tax is levied on services rendered and goods sold. Certain activities are except. For example: sale unprocessed agrarian products, selling print media, transport services within Thailand, etc.

The VAT is cut down to 7% rate until September 30, 2020. The standard rate is 10%. The 0% rate is applicable for export activities.

In Thailand, a taxpayer company is required to independently assess its profits, after which it is required to pay an advance tax on profits for the first six months of the taxable period.

The payer is given 2 months to submit the corresponding semi-annual declaration and 150 days to prepare and file an annual declaration without the right to extend this period.

The accounting department of the company must compile quarterly, annual financial reports and provide declarations to the tax service. Contact us for more information.

You could be interested

Hong Kong trading company with bank account for sale

Aged well-reputable Hong Kong company with bank account in OCBC bank. Great vehicle to promptly launch your business connected to Asian market. Activity codes: • General Trading • Trading of electronics • Trading of equipment ✅ Fast-track purchase ✅ Trusted nominee service ✅ Full local support ✅ No personal visit needed Asking price: 19,000 EUR...

Ready-made company in Hong Kong for sale with bank account in BEA

Ready-made company in Hong Kong with bank account for sale What’s included: • Registered in 2019: • Type of activity – trading; • Bank account in the Bank of East Asia (BEA); • No debts, loans, had commenced business but stopped; • Local (nominee) services included. Company may be transferred to the new owner in...

Ready-made company GMBH in Germany with bank account for sale

What’s included: GmbH company with registered in Berlin; year of incorporation: 2017; bank account in Berliner Sparkasse; declared activities: import / export, wholesale and retail trade, as well as online trade in goods of various types, marketing, consulting and brokerage activities. Accepting and holding equity investments in companies, and acquiring, owning and managing investments in...

FSC in the British Virgin Islands for Sale

This is a ready-made company. Territory of registration: British Virgin Islands License type: commercial and financial service provider. Created: 2+ Obtaining a license permit: 2+ Office: British Virgin Islands Bank account: territory of Asia MT4 or connection to other systems: not offered, but can help with rental Capital: 1 million Company status: the company was...

Ready-made company in Belgium for sale

What is included: Ready-made company in Belgium, Local bank account, Legal address Cost: on request. A company is considered local (resident) if its headquarters or registered office is in Belgium. These are companies run from Belgium. Local companies pay taxes on income generated domestically and abroad. The income of foreign companies is taxed as foreigner’s...

Ready-made company with VAT and bank account in Estonia

An advantageous and potentially profitable offer to buy a ready-made company with VAT and a bank account in Estonia. The company is completely ready for further operation by the new owner. Ready-made company in Estonia with VAT and bank accounts for sale The company was established in Tallinn. A ready-made company with bank accounts for...
Fill the blank:

Zurich

Dreikonigstrasse, 31A, Stockerhof

Kyiv

Baseina street, 7

London

Grosvenor Gardens, 52

Washington

1629 K St. Suite 300 N.W.

Vilnius

Gediminas Avenue, 44A

Tallinn

Kesklinna linnaosa, Tuukri 19

Edinburgh

Lochrin Square, 1

Nicosia

Jacovides Tower, 5 floor

Riga

Esplanade, 7 floor

Hong Kong

18 Harbour Road, 35/F, Central Plaza, Wanchai

Singapore

Level 42, Suntec Tower Three, 8 Temasek Boulevard

Sydney

20 Martin Place

Porto

2609 Avenida da Boavista

Tbilisi

Revaz Tabukashvili Str., N 45, area N 7