Thailand is one of the most popular countries to start a trade and export business. From this location, you can easily serve customers in the European Union and Asian regions. Moreover, Thailand-based businesses can also export goods to many other parts of the world with ease.
Thailand has a long history of trading business which makes it the center of attraction for most foreign investors. If you are also planning to set up a new business in Thailand, setting up a trading company can be a great idea. You can take help from local authorities and agencies for trading company registration Thailand and soon you will be able to run operations in the country. However, if you are interested to know more about running a trading company in Thailand, the article below may help you better.
What is a Trading Company?
Thailand is recognized as a leader in the entire world for producing the finest quality of cotton, sugar, rubber, and tobacco. Other than this, the company also has a huge fishing industry to serve millions of consumers around the world. As a result, Thailand turns out to be the biggest seafood exporter and gives amazing opportunities for new entrepreneurs to start an import-export business in the country. The Thai government has created some lucrative opportunities for foreign investors to lead operations in the country. Moreover, the local agencies and service providers are ready to assist new business owners to achieve desired outcomes.
Starting a trading company in Thailand:
In order to lead legal business operations in the country, you may first need to complete the registration process as per Thai government regulations. The first task is to register for VAT and then you have to open a Thai bank account. After completing this step, you should look for the necessary permits and licenses to lead your business in Thailand. As per the foreign business act, you can start operations without any restriction in the country. However, depending upon the type of goods you are importing or exporting, you may have to complete legal formalities with different departments.
Steps to register a trading company in Thailand:
There are so many business ideas that you can start in Thailand; however, you may have to prepare some necessary documents to lead operations in the country. Some of the most essential documents include the registration seal, bank account details, KSK1 application form, power of attorney, VAT certificate, and affidavit. After collecting these documents, you have to follow these steps to complete the registration process:
• Reserve a unique and relevant name for your company.
• Prepare a memorandum of your company with the business name, founder name, and scope of the business.
• Sign the articles.
• Visit the company registry to complete the registration process for your company.
• After completing company registration, you have to complete VAT and tax registration within 60 days.
• Get essential permits for goods that you want to import or export.
After completing these steps, you will be able to start operations for your Trading Company in Thailand.