How to set up a Thai limited company in Thailand?
OUR APPROACH
pim accounting specializes in setting up secure company structures for foreigners and Thai citizens in Thailand. Our legal and consulting experts have set up thousands of businesses in Thailand and have decades of combined skills in company registration as well as all facets of knowledge of Thai law. Contact us for more information.
If you are planning to register a business in Thailand, you will have heard that it is rarely as straightforward as you would like it to be. You will need to choose a license based on the activities and services you wish to provide, you will need to prepare all legal documents, open a corporate bank account and start the visa process. These tasks may sound like a lot of work - and indeed they are. Accordingly, pim accounting’s business set up consultants in Thailand to manage all the heavy-lifting. It all starts with an initial consultation where we will guide you through the latest information on how to start a business in Thailand.
pim accounting is known in the market to provide the highest standard of company set up guidance – without high costs. We are essentially a concierge, one-stop-shop service, with dedicated account managers to answer all of your questions and provide full transparency as they liaise with Thai government authorities on your behalf. Your time investment throughout the setup process? As little as just a few hours.
pim accounting offers timely and cost-effective financial management solutions for small and medium-sized businesses. We’re your one stop for accounting services in Bangkok, bookkeeping, and tax advisory. It’s our goal to exceed your expectations by providing exceptional service and practical financial advice you can count on. With our support, you can focus your time and efforts on running your business and leave the accounting to us. We offer a wide variety of accounting services including budgeting, financial statements, and cash flow management.
We offer a complete range of fast company registration for starting, maintaining and managing a business in Thailand.
Our accounting and legal firm specializes in creating a safe and secure company structure for foreigners with the help of our legal and consulting staff. In addition, our accountant experts (CPA) have set up thousands of companies in Bangkok, Thailand and have a strong standing decades of experience in company registration and all facets of Thai law for foreigners. Contact us today, and we are here to assist you with anything you need.
Individuals planning to register a business in Bangkok, Thailand have always come across the idea that it is rarely as straightforward as they would like it to be. This is known to be true for those unfamiliar with Thailand’s taxation laws and legal practices. The good news is that with our team’s expertise and extensive knowledge, setting up a company in Bangkok or within Thailand has never been easier. Thanks to a range of new government incentives, from tax allowances to easier access to work permits for non-Thai nationals, the flexibility of great deals is now possible that would have been seen as unrealistic in the past.
Thailand offers a wide range of business structures, many of which are available to foreigners just as long as they do not violate the conditions of the Foreign Business Act. A legal form of a business can be a sole proprietorship, an ordinary or limited partnership, a representative, a regional or branch office, a joint venture, a limited company, a shell company, a SPV Structure or even a foreign company itself. In addition, each entity is either trading or non-trading, and different rules apply towards its ownership (majority Thai v.s. foreign).
Thai Limited Company
For most cases, the initial step to setting up a new business in Bangkok or within Thailand is establishing a Thai limited company, a Thai equivalent of Limited Liability Company (LLC). In comparison to the West, the creation of a Thai limited company does not happen instantly as a formalized incorporation process has to take place before anything else. To begin the process, two essential documents are required: the Articles of Association and the Memorandum of Association, both of which must be registered with the Thai Ministry of Commerce. The Articles of Association may be fitted to match the specific needs of the company so as long as the original shareholders and promoters agree to the terms in writing.
Company Registration Step
1. Company registration in Thailand
1.1 Name reservation. You can provide 3 names: the desired name for your company along with two alternative names.
- Submission by yourself to Thailand’s Ministry of Commerce.
- Submission via www.dbd.go.th to Thailand’s Ministry of Commerce.
1.2 Registration of a Memorandum of Association (MOA)
The MOA is a document which provides the names and personal information for all of the company’s shareholders, registered capital, the company’s address and intended scope of business activities.
1.3 Convention of a Statutory Meeting
Meeting all shareholders to make all the appointments and to set up the company officially.
1.4 The Ministry of Commerce will issue the company certification, a list of shareholders and company articles of association.
2 Tax registration: all documents associated with the registration of the company must be submitted to the Revenue Department.
3 VAT registration: after getting a Tax certificate, you can apply for a VAT certificate from the Revenue Department.
A holding company is a type of company where the primary purpose of the business is to hold a controlling interest in the securities of other companies. You will find that holding companies usually do not produce goods or services and it's there to own shares of other companies to create a corporate group. It is a great strategy to be able to managing assets and an outstanding tool to hedge any risks for your business. At pim accounting, our experts can provide consultation and assistance to help you create or restructure your business into a holding company.
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