Company formation in Thailand – SK Patodia

ADVANTAGES OF COMPANY FORMATION 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.

  • 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

REQUIREMENT TO OPEN A COMPANY

BASIC REQUIREMENTS

  • Minimum 3 Shareholders. There is a mandatory requirement to have a Thai Shareholder who will hold 51% of shares if the company wishes to deal locally.
  • Minimum 1 Director (any nationality)
  • The minimum capital should be THB 2-3 million depending on the business activities of the company
  • Registered local office address

DOCUMENTS REQUIRED

  • 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
  • Bank statement confirming that the Shareholder has a sufficient balance to subscibe the shares of the company

OUR SERVICES

  • 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
  • Translation of Incorporation Documents (if Required)

TIME PERIOD

It takes approximately 5-7 working days for company registration in Thailand.
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