Price: + 7% VAT
Price: + 7% VAT
Price: + 7% VAT
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Our team of legal experts are available to provide reliable legal answers, review your essential documents, and offer guidance for your business in Thailand.
Our experienced team of lawyers provides up to 2 hours of monthly assistance, with unused hours carrying forward. Ideal for startups and scaling businesses.
Preliminary requirements: Passport copies or Thai ID copies of at least 2 individual shareholders, 1 individual director (who can also be a director) and an office address.
Step 1: Choose and register a company name.
Step 2: Draft and file the Memorandum of Association.
Step 3: Call and hold a Statutory Meeting of the shareholders
Step 4: Register the Company with the Ministry of Commerce.
Step 5: Open a bank account
Step 6: Register the company for Value-Added Tax (VAT) and Social Security Office
Step 7: Apply for business licenses (if required) and setup the accounting and invoicing system
In practice, you can register a company with 50,000 THB minimum capital. However, if the company hires foreign employees or needs to obtain some business licenses, additional capital requirements may apply. For example:
- Minimum capital for a limited company with a foreign employee: 2 million Baht (per foreign employee, however if the foreign employee is married to a Thai national, 1 million Baht)
- Minimum capital for a majority foreign-owned limited company not subject to a Foreign Business License: 2 millions Baht
- Minimum capital for a majority foreign-owned company with a Foreign Business Licence: 3 million Baht (or 25% of the average annual estimated expenses for three years of operation - whichever is the higher)
- Minimum capital with a BOI License: 1 million Baht (no capital requirement for foreign skilled employees).
Once paid, the capital can be spent freely for the business operation (rent, salaries, purchases, etc.).
In order to set up a BOI company in Thailand, applicants need to satisfy the criteria set out by the Board of Investment. Examples of this criteria includes having a capital investment of at least 1,000,000 Thai baht; Have a minimum of three registered shareholders; Be a registered company in Thailand; and most importantly, the companies business activities must be in one of the eligible industries as decided by the BOI.
To register a new company in Thailand, you typically need to submit required documents, such as the company memorandum, obtain a corporate bank account, and register for tax. It's advisable to consult with the Department of Business Development in Thailand for specific guidelines and procedures.
Up to an hour consultation on the process of starting and running a business in Thailand.
During this session, our lawyer will provide insights into key areas, including company structure, outsourced employment services, taxes, accounting, and other general facets of running a business in Thailand. Additionally, we are here to address any other legal queries you might have, ensuring you have a comprehensive understanding of the topic at hand.
Our responses will be pragmatic, breaking down both the legal aspects and local practices in a manner that’s easy to grasp.
Should your questions require additional research, our experts will delve deeper and follow up with further insights via email.
This consultation is offered by legal experts fluent in English, French, or Thai.
