Thailand Company Registration Services by Thai Attorneys
Thailand Company Registration, Tila, with our English speaking staff and years of experience working with the expat community can assist you in the formation of your company whatever your requirements, assuring swift completion in as little as three weeks.
Thailand Company Registraion Services:
Thailand is a rapidly-developing nation that offers a host of opportunities for businessmen of all kinds. For those wishing to expand their business to Thailand, we would recommend setting up a Thai limited-company rather than operating as an offshore company.
The process to register a Thai company is easy and the benefits are greater than operating offshore. At TILALEGAL, we have a staff of knowledgeable, English-speaking employees.
Our firm has extensive experience in Thai company registration and has been setting up all types of businesses for more than 7 years. So if you wish to set up a limited-company in Thailand, we can help you and ensure that your business is operating in as little as three weeks.
The process to register a company in Thailand is mostly straightforward, but there are some difficulties that foreigners often experience. However, with our assistance, the process is relatively simple and easy, and we will ensure that you retain full control and ownership of your company.
Below is a detailed summary of the process for registering your company in Thailand.
If you have any further questions, please contact us. You can also visit our office for a free, obligation-free consultation (We are located near the Phom Prong BTS station; see our contact page for more details).
The basics of limited-company registration in Thailand:
The most-utilized type of legal entity in Thailand is the limited-company, which is similar in structure to the Limited Liability Company (LLC) in the United States. A limited-company is owned by a minimum of three shareholders and managed by at least one director. One of the biggest advantages of the Thai limited-company is that it is legally a stand-alone company under Thai law.
As for company registration in Thailand, it’s important to be aware that the at least 51 percent of a company’s shares must be held by Thai citizens. The remaining shares may be held by anyone. In spite of this, it is still possible for a foreigner to maintain controlling interest in a company by issuing two separate classes of shares: ordinary and preferred. Shareholders with ordinary shares have more voting rights in the company. At least one director is chosen by the shareholders. Only the director(s) is authorized to sign anything on behalf of the company, and individual shareholders are only liable to their percentage of shares.
Financially, when registering a Thai company, you must have at least two million THB of capital in order to be eligible for a work permit. There is an exception if the company is established only to hold property, in which only one million THB is necessary.
Process for registering a company in Thailand:
First step of Thailand company registration: Name Reservation
Naturally all businesses require a name, therefore you must first provide the desired name for your company along with two alternative names. Tila Legal will then submit these to Thailand’s Ministry of Commerce. The Registrar will then verify that no similar company names have been reserved and that the name does not violate any ministerial rules. If the desired name does not meet these requirements, the registrar will then assess the alternative names. If none of the requested names are available, you will then have to re-submit 3 more names. This step of Thai company registration is very simple and only requires 2-3 days to be completed.
Second step of Thailand company registration: File a Memorandum of Association (MOA)
Once your company name has been reserved, all shareholders must sign a Memorandum of Association (MOA). The MOA is a document which provides the names and personal information (such as contact details) for all of the company’s shareholders, as well as the company’s address (PO Box is not acceptable), registered capital, and intended scope of business activities.
Once all shareholders have signed the MOA, it may be submitted to the Ministry of Commerce along with all of the documents pertaining to the company’s registration in Thailand. The Ministry of Commerce is located within Bangkok, but if the company’s office is located outside of Bangkok province, these documents may be submitted the filing office of the province where the company is located.
Once this step of Thailand company registration is completed and processed, the Ministry of Commerce will then issue the company affidavit, certification, list of shareholders and company articles of association.
Third step of Thailand company registration: Tax and Vat Registration
All documents associated with the registration of the company's Tax ID Card and Vat Certificate must be submitted to the Central Filing Office of the Revenue Department.
Also, as part of the process of obtaining a VAT Certificate, you must obtain permission from the landowner of your company’s address if your company does not own the land outright.
There is one other thing to be aware of: if you intend to locate your company in a condominium unit, you may unable to do so; some condominium buildings have specific provisions with their sales agreements which prohibit the owner from using that unit as a business. Be sure to check your agreement before registering the location of your company.
The second and third steps can usually be completed within two weeks.
Forth step of Thailand company registration: Open a Thailand corporate bank account with internet banking
Once the Thai company registration is completed, most companies will probably want to open a corporate bank account in Thailand. TILA Legal will prepare the required documents and open a corporate bank account on your behalf, but the company directors must be present. If any of the signatories for the bank account are foreigners, some banks will require each of the foreign signatories to submit a valid work permit prior to opening the account. This can be completed within a day.
Fifth step of Thailand company registration: Apply for Thai work permit
All foreigners working within your company are required to have a valid work permit for Thailand.
In order to obtain a Thailand work permit, , you must first have a Non-immigrant visa.(often called a Non-B Visa). We will assist you in the application of a Thai work permit and will submit all necessary documentation to the Department of Labor on your behalf. If submitted correctly, an application can be processed in as little as 10 days.
Further, for each foreigner working within your company, your company is required to have a registered capital of 2,000,000 THB, i.e. if you have two non-Thai working in your company, it is required to have a registered capital of at least 4,000,000 THB. However, this does not mean that you need to have this amount of money to start, it is the merely the limited liability of your Thai limited company.
Thailand work permit application process:
Step 1: Applying for a Non-Immigrant Business Visa (Non-B Visa)
If someone wishes to apply for any Thai one-year visa such as a Marriage Visa, a Retirement Visa, or a Work Permit, they must first hold a Thailand Non-immigrant Visa. This visa may be acquired outside Thailand prior to your arrival or if you are already living in Thailand.
If you are currently living outside Thailand, our company can send the necessary documents to obtain a Non-immigrant visa direct to your country by DHL, TNT or FEDEX.
Application in your home country is often simplest method. Most applications are returned within a day of applying in person at the royal Thai embassy or consulate. If you are wish to apply at a consulate in a neighboring country such as Singapore or Hong Kong, please be aware that a 3 month single-entry visa will usually be issued and this will need to be extended at the immigration department in Thailand.
If you have any further queries regarding the Non-B Visa, please visit the Non-Immigrant page of our website or contact us.
Step 2: Applying for a Thailand work permit.
Your Non-Immigrant Visa can then be upgraded to a work permit. TILA Legal will submit the required documentation on your behalf, and the entire process takes as little as 10 days.
Also see our Thailand Company Registration Packages 2012
For Thailand company registration, Thailand work permit, and Thailand visas, please note that TILA Legal can provide any service you need. Even if you do not have all of the documents required by the government, TILA Legal will work with you to ensure that your needs are met.
Please feel free to contact us for a free consultation with our lawyers. Give us a call or complete the form below, we guarantee to respond within 24 hours.
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