How to Open A Company in Thailand

Siam Legal International
January 7, 2013

Business Registration in Thailand

Thailand’s growing economy can be attributed to its good tourism. As the country attracts a lot of foreign visitors everyday, the raise of market demands come along, which investors see as a good business potential. As a result, locals and foreign investors would want to open a business in Thailand.

To register a company, first, you have to identify what type of business organization you would like to establish. Generally there are 3 types: Thai Partnership, Thai Representative Office and Thai Limited Company.

Thai Partnership

This type of company requires to have a minimum of 2 persons as an owner. They are joint partners who share unlimited liability for all the company’s obligations. Each partner must agree and gives consent to the partnership. Each partner is held jointly and liable for debts and taxes of the partnership.

This can be further classified and indicated as Limited Partnership and requires to be registered, wherein liability are limited, as oppose to whose liability are jointly and unlimited.

Thai Representative Office

This type needs securing a Foreign Business License. For your business to qualify under this type, it must adhere and delimit to the following purpose:

The business is to source goods or services in Thailand for the headquarters.
To check the product ordered by the headquarters overseas
To give advices to the headquarters about the goods to order
To supply the information of the headquarters’ products to the customers in Thailand
To report the economic movement in Thailand to the headquarters

To open a Representative Office in Thailand, seek the assistance of our Siam Legal International lawyers.

Thai Limited Company

This business structure is the most popular because it is the most liable. With Thai Limited Company, the capital is divided into equal shares. The liability of a shareholder is limited to the amount of his shares.

The process of registering a Thai Limited Company includes:

proposed company name
The Memorandum of Association
convene a statutory meeting
Obtain a company income tax identity card

For the best legal service, tax advice and accounting service, it is best to contact a law firm.

Siam Legal International has licensed Thai and foreign lawyers to assist you with your company registration.

Bio
Twitter
Facebook
Google+
LinkedIn
Latest Posts

Siam Legal International

Publisher at Siam Legal International

Siam Legal International is one of Thailand´s premier full-service law firms with its headquarters in Bangkok. It has offices strategically located throughout the major cities in Thailand including Chiang Mai, Pattaya, Hua Hin, Samui and Phuket along with international representative offices in London and Las Vegas. Siam Legal has an extensive range of corporate and real estate experience accessible to clients both domestically and internationally. It has more than 40 multi-national legal staff with a track record of providing highly effective legal solutions to both local and international clients delivering a high degree of expertise at reasonable cost.