Are you thinking of starting a company? Having trouble with the company registration process? Don’t worry we are here to help you. We offer you a full one-stop solution including company registration. We specialize in providing a safe and secure organization structure for foreigners. Our legal and consulting representatives have helped in setting up plenty of companies in Thailand. We have many years’ experience in company registration and all facet of Thai laws for foreigners. Our representatives are always ready to help you in every way they can.
The number of emigrants and foreigners who wants to run business in Asia has increased rapidly. As a result, there has been a large inflow of foreign investors. The reasons for shifting towards Thailand for business opportunities are:
Thinking why Sunbelt is the best? Here are some reasons why you must choose Sunbelt.
When starting up a company you must register the company first. The registration process is complex for those who don’t know the laws of the Thailand. But don’t worry this is why we are here. With the help of our extensive knowledge and expertise, the registration process will be very easy.
Are you wondering what we can do? We can help you by making sure all the necessary requirements are met. We will be giving you advice on how to do business in Thailand. For the registration process you need someone who can communicate in Thai. Our representatives are good at speaking both the language, Thai and English.
Thailand provides an extensive range of business structure. Most of them are available for foreigners as long as they don’t violate the conditions of Foreign Business Act.
Anyone planning to register a company in Thailand would know that it is a complex procedure and it just seems simple. For those who are unfamiliar with Thai rules and laws, this holds true. However, with our professional expertise and extensive knowledge of the Thai rules and regulations, setting up a company in Thailand is easier than ever before.
The new range of government incentives, tax allowances, and work permits for non-Thai nationals, have made the impossible possible and now it has become a lot easier setting up a company in Thailand. In Thailand, there are different business structures available to foreigners. However, this remains only in practice as long as they do not violate the terms and conditions of the Foreign Business Act. According to the Thai laws, the legal form of the business can be “a sole proprietorship, an ordinary or limited partnership, a representative, regional or a branch office, a joint venture, a limited company or even a foreign company”. Furthermore, each entity or organization is either trading or non-trading in nature, hence, different rules apply towards its ownership.
Following 100% ownership options are available for registering a company in Thailand.
A BOI promoted Thai company can have the benefits of 100% ownership, government concessions, and tax incentives.
A company in Thailand may make an application for 100% foreign ownership by offering benefits to the country. This can either be through technical or knowledge transfer, employment or investment factors.
The citizens of America can exercise 100% foreign ownership of a company in Thailand by availing the Treaty of Amity agreement.
A company registered for EXPORT purposes only with all the revenues realizing from outside Thailand is eligible for 100% foreign ownership.
A company registered under “Manufacture for Export only” is eligible for 100% foreign ownership if all the revenues are generated from outside Thailand.
A company registered as Hotel Management can apply for 100% foreign ownership.
All other corporate registrations for foreign registered companies are possible with each carrying specific restrictions on operations and profit generations.
A limited company is a company where the liability of the shareholders is limited. In Thailand, mostly the preferred initial step to set up a new business is the establishment of a Thai limited company. It is equivalent of the Limited Liability Company (LLC). The creation of such company is not as rapid as compared to other parts of the world. It involves a more formal incorporation process.
In order to begin the process, there are two main documents required i.e. Articles of Association and the Memorandum of Association. These must be registered with the Thai Ministry of Commerce. Articles of Association can be tailored to suit the specific needs of a company, as long as the original shareholders and promoters (if different) agree to the terms in writing. In some cases, the Prospectus (another important document) is required but not always.
Thai limited companies are the preferred route for starting a business in Thailand. It is because of the fact that they are very similar to co-operations in other developed nations and countries. This process might seem familiar to all the businesspeople. All limited companies have directors (executive & non-executive), shareholders (both Thai and foreign), promoters and limited liability. In the said case, limited liability means that the shareholders of the Thai company can only lose the capital they have invested. They will not be allowed to pay the liabilities if the company makes a default.
Besides just familiarity, Thai companies are very popular because of the way of doing business. It is because of the fact that they offer numerous ways of making a profit. There are some double taxation issues (on earnings and dividends) however, these issues can be resolved easily by rolling profits into the salaries of directors and other shareholders.
Another benefit of setting up a company in Thailand is that the rights and obligations of all parties are set down in writing ensuring top performance while making the duties clear to all the stakeholders. With a Thai limited company, all legal entitlements and responsibilities are clearly stated and available for reference when required.
The process of setting up a Thai limited company has been made easier. After July 2008, it takes just one day to register the company rather six long weeks. To make the process more simplified, only three mandatory shareholders are required to incorporate and register a new Thai limited company as opposed to seven. This improvement is because of the initiatives of the government to bring foreign investment in the country. The door is now open for foreign investors to come and start operations in the country. If the major portion of the Thai company is owned by a foreigner, the person must obtain a foreign business license before engaging in business activities. However, it does not apply if the majority of the shares are owned by a Thai national. That is the reason why many people find it beneficial to form a business alliance with a Thai national.
It is natural for any company to undergo transformational changes in its structure. This needs to be communicated to the relevant authorities. Therefore, in addition to a company registration Thailand setup services, we, at Sunbelt Asia Legal Advisors, can help you with corporate sectorial services and even accounting services.
Sunbelt Asia Legal Advisors provide a one-stop complete solution including company registration, corporate secretarial, full-service accounting, and registered address. We specialize in setting up safe and secure company structures for foreigners in Thailand – providing them with the secure environment for making an investment.
US Amity Treaty – Own a Thai Company 100% If you are a US Citizen, you can own a Thai company 100% under the US Treaty of Amity. Working hand in hand with the US commercial department, Sunbelt will handle the complete application process for you.
The Board of Investment (BOI) was set up to promote investment in Thailand by providing privileges to local companies or foreign entities planning on incorporating under Thai law that perform select activities.
Registering a Thai limited company can be a daunting task as there are very specific requirements for foreign ownership of Thai companies and the management of those companies.
A limited partnership is suitable for say a husband and wife team or when one has a small business like a Bookshop or restaurant. For foreigners this may be ideal but the problem is it does not cover your liability as well as a company.
The Royal Institute Dictionary B.E 2525 (Sixth Edition, B.E. 2539) defines the word “foundation” as “Assets specifically allocated with the objectives to support the public charity, religion, science, literature, education, or any other public interests.
A foreign entity may establish a representative office in Thailand to engage in limited non-revenue-earning activities.
Unless Thailand registered companies are entitled to reduced rates of corporate income tax because of specific reasons, they are subject to the standard rate of corporate income tax, as follows.
Any foreigner working in Thailand must obtain a Work Permit before beginning work. While a prospective employer may file an application on the foreigner’s behalf in advance of his starting work.
Streamline your import export business If you want to import or export you will need an Import Export License (also called a Customs Card) which is valid for three years.
Intellectual Property (IP) refers to the protection of creations of the mind, which have both a moral and a commercial value. IP law typically grants the author of intellectual creation exclusive rights for exploiting and benefiting from their creation.
Foreign Business License
US Treaty Of Amity
Thailand Work Permit
Closing a Thai Company