Located in the heart of Southeast Asia, Thailand is an attractive hub for investors and entrepreneurs. Thanks to its strategic location, growing economy, and business-friendly environment, many foreigners choose to establish their companies here. So, how does the company registration process work in Thailand? Here’s our step-by-step guide:
1. Choosing the Right Company Type
The most common structure in Thailand is the Limited Company (Ltd.), which is also the most suitable for foreign investors. Alternatives include setting up a branch office or a representative office.
2. Company Name Registration
The company name must be registered with the Department of Business Development (DBD). The name should be unique, and the approval process usually takes a few days.
3. Capital and Shareholding Structure
For foreigners, the minimum registered capital is usually around 2 million THB (required for work permit eligibility). At least 51% of the company must be owned by Thai nationals, but there are legal structures that allow foreign investors to maintain control.
4. Tax and Accounting Registration
Once the company is established, it must be registered with the Revenue Department to obtain a tax ID. VAT registration may also be required. Regular accounting and annual reports are mandatory.
5. Work Permits and Visas
Foreign directors or employees need to obtain a work permit and long-term visa. Ensuring proper documentation is crucial for approval.
Conclusion:
Starting a company in Thailand can be straightforward with the right guidance. Professional consultancy ensures compliance with local regulations and helps you build a solid foundation for your business.
👉 TradeInThai is here to assist you with company setup, visas, and business development.
“Planning to start a business in Thailand? Contact us today.”
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