How to Register a Company in Thailand
During the registration process, you will need to select the name of your company and appoint shareholders and directors. A private limited company needs at least three shareholders, while a public limited company must have at least 15 shareholders. For partnership firms, the minimum number of partners is two. Other forms of entity must meet requirements set forth in their Charter Document. A foreign director can be appointed to manage a Thai company.
When you register a company in Thailand, you must also register its capital. The minimum capital to register a company is 5,000 Baht, but you can choose a lower or higher amount. If your company will be doing business overseas, it is important to get a foreign bank account. You can open a corporate bank account in Thailand, but you'll probably want to maintain a Thai Limited Company.
The registration process begins with filing a memorandum of association. You must state the name of your company, the promoters, and the location of your business. You can use any language you wish, but make sure that the names are in Thai. In order to keep your business name consistent, you may want to use Thai characters. You can choose to use foreign-language characters, but it should be clear to both parties.
You must have at least three promoters and have a statutory meeting. In addition to having a statutory meeting, you should also obtain a tax identity card. If your company is selling goods or services, you should register for VAT. Your Thai company must follow accounting procedures, have an auditor audit its books, and file annual financial statements with the Revenue Department. This is not a complicated process, but it is important.
Once you've decided on the name of your company, you should submit the name to the Office of the Board of Investment. You can then file your articles of association with the Notary. You must also submit these documents to the Business Development Office, the authority responsible for the registration of new companies. After you have submitted these documents, the business development office will approve your application. The process usually takes about a week. There are also many requirements that you should be aware of. The cost of setting up a company in Thailand is reasonable.
Depending on your business goals, a limited company in Thailand is the most common form of a company in Thailand. The name of your Thai company must be unique and conform to regulations set by the Ministry of Commerce. In addition to the name, you must also apply for a tax ID card. This is required if you plan on doing business in Thailand. The registration process normally takes about a day. You will need to pay a small fee to register your company in Thailand.
When setting up a company in Thailand, you will need to register your company with the DBD. The DBD will need to be contacted by the DBD to receive your paperwork. In Thailand, you will need to fill out a form and provide the required information. The DBD will be able to help you with your registration. If you have a legal representative, he or she will be able to help you with your application.
In order to start doing business in Thailand, you must register a company. The registration process takes seven days for a private company, and 30 days for a public company. The first step of the registration process is to choose the name of your company. The name of your company must not be the same as the name of another existing entity. To ensure that your Thai company is legally incorporated, you must have at least three promoters. These promoters can be the same people, as long as they own at least one share. Each of the three people will have a 25% stake in the business.
The Thai company registration process is a complex process, but it is essential for the success of your business. To register a company in Thailand, you must first choose the name for your company and register the name. You will need to choose a legal name and add it to the registration documents. Once you have decided on the name, the next step will be registering the company. If you have employees, you must register with the Social Security Office.