Thailand has one of the most of Asia’s most successful economies in terms of GDP and between 2000 – 2008 the country managed a four percent growth which is nothing to be sneezed at and is quite an achievement considering Thailand is still classed to many and in the eyes of many as a developing country. The growth cannot be put down to one single thing but surely the amount of foreign investment played a major part.
Please click here For our full information & services fees for Company registration in Thailand
But who can own their own business in Thailand and is it really as complex as you fear it may be? The answer to that is quite mixed. Company registration in Thailand can be something of a complex process and you need to provide documents for every area of your company as the Thai government is rightly strict about anything that involves registering a company in Thailand to ensure that the company is viable and can help the Thai economy. This means that you need to ensure that you have the correct amount of funding needed and that your business has been registered with the Department of Business Development.
You need to select a business name and get approval from the DBD to use it. This means that you company name is unique and is not the same as any other company existing and operating within Thailand and you also need to make sure that your company and its documentation are all adorned by your company seal also as the DBD classes this is an official act meaning that all documentation must be stamped by your company seal as part of the company registration process in Thailand to ensure that your company is genuine. You also need to elect a board of directors and an auditor as well to take care of business affairs.
Filed under
