Company registration in Thailand for business
The registration of a company in Thailand takes place in several steps, the process depends on the purposes for which the company is set up: business or the acquisition of real estate.
If the company's activities are not under BOI Promotion, the company must have the status of a Thai legal entity, which means that a foreigner may own not more than 49% of the company's shares.
The company authorized capital depends on the type of objectives, or, if the company is registered for the purchase of real estate purchase, shall be relevant to the value of the property.
Information and documents necessary for company registration:
1. Company name (3 optional names for booking in the Department of Business Development)
2. Copies of passports and/or ID cards of directors and shareholders
3. Company address
4. Authorized capital
Company registration procedure:
1) Company name reservation. Three variants of company names shall be applied, one of which will be confirmed by the Business Development Department. The reservation is valid for 1 month.
2) Signing of the company's memorandum of association and other documents required for registration.
3) Payment of the authorized capital *
4) Registration of a company with Thai shareholders and directors **
5) Changing directors and shareholders (up to 49%) to foreign
6) Company registration in Revenue department
7) Company registration with the Social Insurance Fund – together with the employment of the first employee
8) Obtaining necessary business licenses.
* When registering a company with an authorized capital of more than 5 million baht it is obligatory to provide proof of its actual payment by shareholders.
** If at the registration a foreign director or a shareholder is present in the company, each of the Thai shareholders must provide an extract from the bank that confirms its financial status.
IvnestEast will prepare for you all the documents necessary for the company registration promptly, provide its recommendations on the structure of shares, appointment of the director, search of the office, will answer all the questions related to registration.
Tel: (+6694) 886 74 92