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06 February 2013
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 (more...)
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01 February 2013
In the previous article (‘Mindfields’) I spoke about the importance of following the protocol and procedures of company registration in Thailand and I gave an example of how, not following it, can have severe consequences or implications. In the case of me it was tax avoidance. Under the laws that govern the company registration process in Thailand every business that is approved for operation has to meet a certain list of requirements and criteria. Essentially this begs the question that can these rules be bent or even broken considering corruption is quite rife in Thailand? Based on my experience the answer is that the rules can definitely be bent and even broken. After all, how could the company I was working for get away with tax evasion for so long and how come they did not have (more...)
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02 January 2013
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.
Please click here For our full information & services fees for Register Company in Thailand
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 (more...)
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17 December 2012
Why do people have businesses in Thailand compared to other places? Why is it that some businesses are successful whereas others are not? From my own experience it is down to money. For those that do not know a foreigner who lives and works in Thailand is paid far more than the average Thai person despite their skillset. This is because the Thai government feels that the foreigners are bringing knowledge to the country that they can benefit from and use to improve the economy but to the foreigner it usually just means an easier life than back home and this can sometimes lead to resentment as after all foreigners are guests in Thailand and so should treat Thailand’s customs and people with the respect they deserve.
Sadly this is not always the case. Having a business in Thailand and (more...)
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13 December 2012
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.
Please click here For our full information & services fees for Company registration in Thailand
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 (more...)
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