Register your company in Thailand with S K 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
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
Copy of passport of the Shareholders and Directors
Copy of Company’s Memorandum and Articles of Association
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
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)
It takes approximately 5-7 working days for company registration in Thailand.