There are many different types of companies in the world that can be registered and this applies to everywhere and not just in Thailand. For example in the UK most companies are a PLC which is known as a public limited company. Company registration in Thailand is usually for a limited company in some area and you can always tell a foreign based company as it will have a ‘(Thailand)’ prefix after the company name. This is to signify this is the Thai branch and that the company has offices elsewhere in the world.
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For those who are unaware most companies in Thailand are also registered as a PLC as well. In this case though it is a private limited company. A company of this nature, according to Thai law, requires at least three shareholders to be present in the business at all times. There are also other things that must be taken in to consideration which include setting the price of the shares of the company to have a minimum value. Also another consideration is whether or not the company has a majority ownership for shares in terms of foreigners. What that means is that if a foreigner is part of the company and owns the majority of the shares then the business is subject to a completely different set of laws and rules designed for foreign owned businesses.
Ultimately this means that company registration in Thailand, regardless of the company type, seems to protect Thailand and also promote foreign business and that is definitely not a bad thing and goes to prove that following the rules always brings the best results. It is just looked upon as something of a lengthy process but this would be the same in the rest of the world also and unfortunately bureaucracy is what business was founded upon.
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