How Much Money To Register A Company In Thailand
Thus the government fee to set up a Thai company is about 7000 for Baht 1. Check with state offices to find out foreign qualification requirements and fees.
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What we serve you for setting up company company registration company formatting in Thailand Fee.
How much money to register a company in thailand. Value Added Tax registration When you company has more than 18 million in revenue in one financial year you are required to register with the Revenue Dept. Moreover the government fee for capital Baht 15 or higher than Baht 15 has the same government fee. You can avoid to show the letter by set up the company without the name of foreign director and shareholder first.
If you already knew that a Thai limited company is what you want then check out the page Process to register a Thai limited company which discusses process fees and things you. For Value Added Tax VAT but you can also register immediately to have your company in the Revenue Department record so that you can offset VAT paid against VAT charged. Starting formation of a business in Thailand.
There is actually no minimum capital required to setup a company in Thailand but we would recommend at least Two Million Baht as this is the minimum required capital to allows your company to employ foreigner and sponsor a work permit. Baht 17000 plus Baht 8000 for VAT registration. Then you can add or change the foreigner name into the company later on.
So the bank letter of this Thai shareholder must have money at least 10200 shares x 100THB 1020000THB. A minimum of 15 promoters is required for the formation and registration of. If theres one thing related to company registration in Thailand that people want to know that would definitely be how much does the company registration process take.
File state documents and fees In most cases the total cost to register your business will be less than 300 but fees vary depending on your state and business structure. The first step is the reservation of a company nameThis is done online with the Department of Business RegistrationUsually 3 names are given ranked by preference and approval of the name will usually take up till 3 days. Any business entity that regularly supplies goods or provides services in Thailand and has an annual turnover exceeding 18 million baht must register for VAT in Thailand.
The registration fee for the MOA and establishing the company is THB 5500 per THB 1 million of registered capital. Sometimes it can take just a little bit other times it can be very time-consuming. Register a company apply for Tax ID.
Which is exactly why a lot of people find it hard to figure this out on their own. At Silk Legal our team of lawyers and business consultants are guides who help their clients explore the options for officially starting a business in Thailand. Having said that you do not need to have this amount of money in your bank before you can register your company.
Company registration in Thailand can be difficult if you do not know what choices you have in the forms of business setup that is suitable for your situation. Even if the Limited Company seems best for foreigners to register a company in Thailand Thai law limits foreign ownership to 49 of all shares. The information youll need typically includes.
Whether an individual investor or a multinational company there are an array of options for obtaining a company registration certificate in the country and where the available options do not perfectly fit ones business plan Silk. There is no minimum capital requirement to register a company you can start with at least Baht 5 per share and 3 shares minimum which you can start with Baht 15 capital. Public Limited Companies registered in Thailand may subject to compliance with the prospectus approval and other requirements offer shares debentures and warrants to the public and may apply to have their securities listed on the Stock Exchange of Thailand SET.
However the government fee to register a company in Thailand is the same for Baht 15 capital or Baht 1M capital. Depending on its business activities a Limited Company may have to register for the Value Added Tax or Specific Business Tax. Case of capital exceeding Baht 5 million our fee will be decided case by case Covering.
The share structure is 51 for Thais and 49 for foreigners. In addition should you wish to obtain a work permit then you will need to immediately register your company for VAT. The VAT rate is 7 and monthly reports need to be submitted and paid.
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