Important Facts About Company Registration in Thailand

Thailand is currently enjoying continuous economic growth and progress because of the presence of efficient workforce, sufficient infrastructure and good government policies supporting businesses. The government has already put measures and policies in place to simplify the process of registering businesses in Thailand. In fact, Thailand is one of the best places to register a company in Asia because of the simplicity of the registration process and few requirements. There are no un-necessary requirements that usually end up frustrating potential اقامة مستثمر في دبي owners. It is important to note that the process of registering a company in Thailand mainly depends on the type of company you intend to start. Below are the various types of companies and their corresponding registration procedures and requirements.

The process of registering private limited companies (PLC’s) in Thailand is similar to the process of registering western corporations. To register a private company in Thailand; you need to go through the process of formulating and registering the MOA or Memorandum of Association, the By-laws of the company (Articles of Association) and constitutive documents. It is important to note that you need a minimum of 7 shareholders to register a private company in Thailand. It is also important to note that the company can be owned wholly by aliens in which case participation will be allowed only up to 49%. The registration fee required to set up/form a private company in Thailand is 5,500 baht/ million baht capital.

In Thailand, the process of registering public limited companies is subject to complying with; offer shares, the prospectus, approval, offer shares, public warrants, debentures among other requirements i.e. security listing requirements on the SET which is Thailand’s Stock Exchange. MOA formulation and registration for a public company in Thailand requires at least 15 promoters who have to be shareholders for at least two years. The public company’s board of directors must be 5 or more. Half of the directors have to be Thai nationals. The total registration fees required to set up a public company in Thailand is 2,000 baht/million baht capital.

A joint venture company is simply a company formed by a group of people (foreigners and locals) who enter into an agreement to form any type of company and do business together. In Thailand, joint venture companies are usually formed in a similar manner to normal companies. The process may however vary depending on the shareholders i.e. Thai nationals or the Thai government. For instance, Thai nationals usually form private joint ventures which are similar to forming Private Limited Companies. Joint ventures between the Thai government and foreigners usually assume the registration process of Public Limited Companies. It is important to note that the formation of joint venture companies and companies varies in a number of ways in Thailand. For instance, joint ventures aren’t recognized as legal entities under the commercial and civil law in Thailand. It is however important to note that the income generated from joint ventures is subject to taxation (corporate taxation) under Thailand revenue code.

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