Types of Companies in Thailand
No matter what country you have citizenship with or what type of business you want to operate in the Kingdom of Thailand, you have to be informed as to the changeable business rules and regulations that Thailand requires of all business. We can consult with you as to what type of business entity will be most advantageous for you depending on your business plan and lead you through the process of creating your business in Thailand.
Basic package: 60,000
Lawyer Fee, Government Capitalization Fees, Government Application, Stamp, Certificates, Company Stamp & Seal, Corporate Tax Registration, Corporate VAT Registration.
Standard package: 105,000
Lawyer Fee, Government Capitalization Fees, Government Application, Stamp, Certificates, Company Stamp & Seal, Corporate Tax Registration, Corporate VAT Registration.
Virtual office and office set up.
Smart Package: 155,000
Lawyer Fee, Government Capitalization Fees, Government Application, Stamp, Certificates, Company Stamp & Seal, Corporate Tax Registration, Corporate VAT Registration.
One year business visa and work permit including government fees, monthly and annual accounting up to five employees and up to 10 million baht per year sales, including monthly tax filings for withholding and VAT, monthly employee withholding tax.
Superior package : 195,000
Lawyer Fee, Government Capitalization Fees, Government Application, Stamp, Certificates, Company Stamp & Seal, Corporate Tax Registration, Corporate VAT Registration.
One year business visa and work permit including government fees, monthly and annual accounting up to five employees and up to 10 million baht per year sales, including monthly tax filings for withholding and VAT, monthly employee withholding tax.
Virtual office and office set up
Limited Company: foreigners own 49%
There are many ways to form a company in Thailand and a popular way for foreigners is a Thai limited company with the foreign owner holding 49% of the company’s ownership and having two or more Thai citizens dividing the other 51% ownership. Our lawyers routinely consult with clients and find the best overall method of creating a company to maximize protection for their interests and enable them to conduct business in Thailand.
American Citizens can own 100% of a Thai company under the Amity Treaty
Our clients require a simple explanation of this company type that is often over complicated and misunderstood. Simply stated an Amity Treaty company is available only to American Citizens. The benefits of an Amity Treaty company are: 1) 100% ownership of the company for American citizens. An American person can own a sole proprietorship but must have two people who are either American or Thai to hold two shares. Three people are required to organize the company. If you were to issue 1000 shares of common stock, 9998 shares to yourself and issued 2 shares to two other people, 1 share each, they would only own .02% of your company. 2) An Amity treaty company is allowed to operate in many areas otherwise closed to foreigners with the following exceptions: communications
transportation, fiduciary functions banking including deposit functions, land ownership, exploitation of land or other natural resources, and domestic trade in indigenous agricultural products.
Thailand Law Center is an Amity Treaty Company. When creating Thailand Law Center it was our preference not to give 51% ownership of the company to Thai citizens.
Thailand Foundations are used for very generous donors to create a vehicle for dispersing charity to great causes. These entities are well received by the Thailand government and our lawyers will diligently take you through the steps of creating a Thailand foundation for your generous causes.
Thailand Limited Partnerships are a used often by foreigners wanting to start businesses in Thailand. The partnership divides liability where one partners has limited liability from any debts or taxes while the other partner has unlimited liability. This type of company has to be registered in Thailand and our business lawyers routinely create Thai limited partnerships.
The Thailand Board of Investment (BOI) is the governmental agency that promotes foreign investment into Thailand. They have created for foreigners the ability to form their own (Board of Investment Certified Thai Company,) which has some very advantageous benefits and features. With its new (One Start One Stop Investment Center) the BOI offers one location to handle the majority of your investment processes quickly.
A Board of Investment certified Thai Company allows its foreign owner to purchase and own land in the company’s name. BOI companies allow the issuing of work permits within just a few hours of forming your company and without the requirement of having four Thai employees. The Thai government also has extremely generous tax waivers for BOI companies. The BOI offers many other great benefits depending on the industry and type of company you want to form.
The paperwork and procedures for starting a new BOI certified Thai company are complex and our Lawyers are extremely experienced in forming these type companies for investors. You can consult with our staff to determine the best type of company, method of creating it and tax planning options to assure yourself the best possible advantages.
This is for advertising purposes only. This website is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship.
