Easy & Quick Company Formation in Thailand

  • Why Start Your Company in Thailand?

    Company formation in Thailand is popular among business people due to its free-enterprise economy, strong export industry, pro-investment policy, cost-effective workforce and excellent infrastructure. Its economy is heavily dependent on export which makes for two-thirds of its GDP. Two other important sectors are the industrial sector and the service industry. Additionally, it is the second largest economy in South-East Asia. We at S K Patodia & Associates help you with your Thailand company formation in a hassle-free manner by providing guidance at each step.

  • Procedure for Company Formation in Thailand

    • Reserving a company name with the Business Development Office at the Ministry of Commerce
    • Filing the Memorandum of Association with the Business Development Office
    • Depositing the registered capital in the bank account
    • Convening a statutory meeting
    • Submitting the application to register the company
    • Obtaining a corporate seal
    • Opening the bank account
    • Obtaining a tax ID No. from the revenue department
    • Registration under the social security act
    • Registration with the Value Added Tax or Specific Business Tax, if required
  • Requirements for Opening a Company in Thailand

    Basic Requirements for Company Formation in Thailand

    • Minimum 3 Shareholders (any nationality)
    • Minimum 1 Director (any nationality)
    • No minimum capital requirement
    • Registered local office address

    Documents Required to Open a Company in Thailand

    • Copy of passport of the Shareholders and Directors
    • Copy of Company’s Memorandum and Articles of Association
    • Company’s bylaws
    • Director’s resolution for opening the bank account
  • Our Services for Company Registration in Thailand

    • Checking for name availability and reserving the same
    • Electronic Notice of Incorporation in PDF
    • Electronic Memorandum & Articles of Association in PDF
    • Electronic Business Profile in PDF
    • Common seal, Share certificates, statutory registers/minutes
    • Minutes of first Directors' meeting
    • Directors' resolution for bank account opening
    • Services for local registered address
    • Arranging the appointment with the Local Bank for opening of corporate bank account
    • One set of Certified True Copies for opening of bank account
  • Time Period for Registering a Business in Thailand

    It takes approximately 29 days for company registration in Thailand.

  • Advantages of Setting up a Company in Thailand

    • The export sector enjoys exemption from excise duties, customs and VAT.
    • Companies in the Thai free zone enjoy a tax exemption of 100 percent for a period of eight years.
    • It has a business friendly environment in terms of low-cost workforce and rental places.
    • Companies that have been approved by the Thailand Board of Investment enjoy numerous tax benefits.
    • It has a stable political and social environment.
    • There is no minimal capital requirement to register a company in Thailand.

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