Setting up a company in Thailand

Many foreigners would want to start today or expand their business in Thailand. Starting a business in a foreign country can be both a rewarding opportunity and a daunting task. There are one-stop service center that Thailand provide business services to help foreigners in a company. The Thai government, Thailand has made great improvement over recent years to speed up the registration of companies in the process. A Thai company can be registered in aBusiness day after receipt of confirmation of the reservation name of the Thai company with limited liability.

New companies can set up small and large in Thailand with ease. For a small new Thai company, you can easily register your new Thai company with a minimum capitalization of 2 million baht. The Thai government requires that at least 25 percent of market capitalization until the day of the meeting for the registration of the company are paid. Initial funding can be usedimmediately for office rent, buying computers, buying inventory and other business expenses. Than for large enterprises, government has its Thai Board of Investment (BOI) program for those with special benefits for many sectors to choose Thailand as their starting position. This can small software developer with only a few people to large production farms. The incentives include tax exemptions, tax evasion to tariffs on imported machinery, quick processing of work permits andVisas for foreign employees and as well as control zones for the import of raw materials used and exported as finished product (for some sectors).

The ownership percentage of your Thai company depends on the nature of your business registration process with the Thai government. The most common type of registration is the Thai limited liability company with 2 million baht required initial capital. A foreigner can only up to 49 percent of the shares in this type ofStructure. Thus, the Thai partners have 51 percent. The BOI company structure offers the possibility of 100 percent ownership in certain business lines categories. It is recommended that you built a Thai company lawyer to help Thailand to help you plan your new business.