Welcome back to the second article discussing the five step PLC process. For those who are unaware or did not read the first article. This article series will briefly describe the first step process needed for anyone who is register company in Thailand and wishes for it to be a PLC. In the first article we discussed the various steps needed which makes up registering a company in Thailand but the second part will discuss what is probably the most important part, setting up the company so that it is legally registered in terms of tax.
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You also need to make sure the business has the set requirement in terms of registered capital but registering for tax purposes perhaps outweighs the rest of the other steps needed because without that then it is not a legitimate company in the eyes of Thai law.
Companies that were not registered properly to pay tax can put both employees and employer at risk as the Thai law takes this very seriously. You can know if a company has registered properly as they will have a tax ID number that is displayed on all official company papers, the same as in the US and the UK in that respect and there is nothing better than seeing that after successfully registering a company in Thailand as it means your business is legitimate and all the hard work is now done and now you must concentrate on taking advantage of and prospering as a Thai business in the Thai markets. This can be a very daunting experience and there are other articles in this series dealing with etiquette and such which may definitely prove useful and so if you are considering register a company in Thailand or are already in the process of doing so and need more help then we hope that these articles are of some use to you.
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