Did you know that Thailand is actually one of the most successful countries in Asia based on the GDP growth of the past few years? Any country whose GDP grows shows signs of a healthy, successful and sustainable economy and it also shows that business is open to all and that they encourage foreign trading and foreign companies but those who are looking to register a company in Thailand always need to be aware that they first of all need to have all required funding needed to prove that the company can be ran for a desired period of time and that the company has also been registered by the Department of Business Development.
Please click here For our full information & services fees for company registration in Thailand
This department is responsible for vetting all company registration processes in Thailand. Essentially you may think that company registration in Thailand is as simple as it would be in your home country but you have to remember that you are not in your home country and so the rules that applied there do not apply here in Thailand and things are a little more complicated but ultimately it is always best to be legitimate and to follow all the rules involved in company registration in Thailand to avoid any unpleasant surprises or encounter at a later stage due to unfinished paperwork or a company that does not meet the requirements. Essentially the company must be named and this must be approved by the DBD, it can all be done online through their website or you can actually go to their offices and submit it in person.
Sometimes it is best to visit the offices because online does not give an accurate representation of the process that takes place and it is always best to speak to someone face to face if you have any questions or need to speak to someone if things are unclear. Sadly that cannot really be conveyed through a website so, in terms of company registration in Thailand, it is always best to deal with people face to face so that you know exactly what you are getting in to and it also promotes honesty and integrity on your part and that is no bad thing.
One important factor is funding. You need to prove that this company means business and that you have the capital to sustain the company for several years to prove that you are serious about your endeavours. Usually the registration fee is 50 baht for every 100,000 baht of registered capital. You are also required to deposit at least 25% of this capital to show that you have the money and means to make this business happen. After all of this you then have to perform all the formalities associated with company registration in Thailand such as electing shareholders, sorting out the official company seal and paperwork and things like that. Essentially this is by no means an exhaustive list of requirements or policies or procedures to do with company registration in Thailand but it does give a taster of what is needed and there are plenty of other websites out there that can help you fill in the gaps and be on your way to running a successful business in Thailand.
Filed under
