How Long To Register A Company In Thailand
Sometimes a bit less other times a lot more. You must also have knowledge on local business.
Thailand is with no doubt a land of possibilities.
How long to register a company in thailand. Register the Company in Thailand. Search for registered company information in Thailand 27 มนาคม 2019 MINISTERIAL REGULATION PRESCRIBING FEES REDUCTION IN FEES AND FEE EXEMPTIONS FOR REGISTRATION DOCUMENT INSPE. This can be accomplished in 1-3 days depending upon each case.
The company name needs to be approved before incorporation which require 1-2 working days. The name reservation guidelines provided by the Department of Business Development DBD in the Ministry of. After finishing the preparation the shareholders and director will sign on application form.
The company registration must be lodged on the same day that the Memorandum of Association is registered at the Ministry of Commerce provided that the Statutory Meeting has already been convened. Thus the government fee to set up a Thai company is about 7000 for Baht 1 M registered capital. Registration of the company is done at the Department of Business Development.
Normally it can take around a few weeks to do company registration in Thailand. Just only your passport you can start business with us all required documents will be arranged by us. Thai companies are required to file their tax returns Form CIT 50 within 150 days from the closing date of their accounting periods.
It is very much possible to register a company in Thailand as a foreign investor. Applying for a BOI promotion is challenging and time-consuming. You can find out how to register a 100 foreign-owned BOI company in our in-depth guide.
You must have minimum of 3 individual shareholders at least one Thai shareholder with the share proportion of 51 holds by local shareholder and 49 by foreigner side. After you apply you need to go to the BOI several times for your company. In addition it is also required to make tax prepayment Form CIT 51.
With little patience and persuasiveness an entrepreneur can grow a stable business here. The process takes a least 3-6 months when no one objects but if someone does object the process can take more than a year because you have to fight to get the trademark. Again each type of business comes with its.
If a company has Thai majority shareholders and will hire a foreigner to work for it then the registered capital has to be at least. The whole process takes about one to two months. The lawyer will take around 1-2 days to prepare the application for Thailand Company Registration.
The name is reserved only for 30 days so you must complete registration before this time or start again. Here is the basic process you need to follow to set up a Private Limited Company in Thailand. A Memorandum of Association MOA must be filed with the Department of.
However the government fee to register a company in Thailand is the same for Baht 15 capital or Baht 1M capital. Register a Thai Company Limited with Department of Business Development. Forming a wholly foreign owned company in Thailand is subject to a significant amount of red tape due to the requirement to obtain a foreign business license FBL which can take up years to be granted by the Ministry of Commerce.
How To Set Up A Thai Limited Company. Reserve your Company Name with the Commercial Registration Department of the Ministry of Commerce. FILING OF MEMORANDUM OF ASSOCIATION.
Setting Up Company Company Registration Company Formatting - Thailand Guarantee completion within 3 working days and to all provinces over Thailand in Bangkok for urgent we can find solution to get company within 1 day too. Registering a Company. To register your trademark the trademark needs to match the numerous conditions under Thai Trademark Law and must not be similar to any previously registered.
Tax payment must be submitted together with the tax returns. Banchee Legal House can help your company with accounting taxes payroll and social security at rates you can afford. Feel free to contact us with questions if you need help with registering a company.
But a good business always demands clear ideas on local markets scopes. Well assist you based on our experience with running a company in Thailand for over a decade. The application for registration must be submitted no later than 90 days from the date of the statutory meeting.
Fortunately it is possible for foreigners to register a company in Thailand without the need for a FBL.
