Thailand’s vibrant economy, stunning landscapes, and welcoming culture have long attracted international investment. But with a recent boom in commercial activity and a supportive business environment, there’s no better time than now to incorporate a Thai limited company and harness the potential of this thriving Southeast Asian nation.
Isaan Lawyers: Your Trusted Guide to Thai Incorporation
At Isaan Lawyers, our team of experienced commercial lawyers, backed by over 15 years of experience incorporating companies since 2007, can guide you seamlessly through the process. We understand the intricacies of Thai law and ensure your interests as an overseas national are protected. Our multilingual team speaks both English and Thai, and we have a team of in-house accountants to provide comprehensive support.
Why Incorporate Now?
- Thriving Economy: Thailand boasts a robust and growing economy, offering a plethora of opportunities across various sectors.
- Favorable Business Climate: The government actively encourages foreign investment with streamlined regulations and attractive tax incentives.
- Strategic Location: Thailand serves as a gateway to Southeast Asia, allowing you to capitalize on the region’s immense potential.
The Incorporation Process Made Easy
Incorporating a Thai limited company involves several steps, all handled efficiently by our experienced lawyers:
- Company Name Reservation: We’ll help you secure a unique and appropriate name for your company.
- Professional Documentation Completion: Our professional and experienced lawyers will draft and submit your Incorporation documents to the DBD, Department of Business Development to ensure your fully protected.
- Memorandum of Association (MOA) Drafting: Our lawyers will draft a comprehensive MOA outlining the company’s structure, purpose, and shareholder agreements.
- Articles of Association (AOA) Drafting: We’ll create AOAs detailing the company’s internal governance procedures.
- Company Registration with DBD: We’ll handle the registration process with the Department of Business Development (DBD).
- Bank Account Opening: We’ll guide you through opening a corporate bank account to facilitate financial transactions.
- Company Logo Stamp Design and Manufacturing: As part of our service, we will design and manufacture a high-quality company logo stamp for you to use on official documentation.
- Incorporation Documents: Upon successful company opening, you’ll receive a full set of incorporation documents translated into both Thai and English for your records.
Shareholders, Directors, and Business Types
- Shareholders: A minimum of two shareholders are required, with a combination of Thai and foreign nationals permitted.
- Directors: At least one director is necessary, and they can be either Thai or foreign.
- Business Types: A wide range of businesses can be incorporated, with some restrictions on certain sectors requiring majority Thai ownership. Our team will advise you on the most suitable structure for your specific business goals.
Benefits of Incorporation
- Limited Liability: Shareholders’ liability is limited to their investment in the company.
- Work Permits and Visas: Incorporation can simplify obtaining work permits and visas for foreign directors and employees. Here’s a breakdown of the minimum theoretical capital required to register a company for work permit and visa purposes for foreign nationals:
- Married to a Thai National: If you are married to a Thai citizen, the minimum theoretical capital required to register a company and obtain a visa and work permit is 1 million baht. Additionally, you will need to employ at least two Thai employees.
- Not Married to a Thai National: If you are not married to a Thai citizen, the minimum theoretical capital required to register a company and obtain a visa and work permit jumps to 2 million baht. You will also need to employ at least four Thai employees.
- Tax Advantages: Thailand offers a competitive corporate income tax rate structure. Here’s a breakdown of the tax rates:
- Net Profit Not Exceeding 300,000 Baht: 0% tax (No Tax)
- Net Profit Between 300,000 Baht and 3,000,000 Baht: 15% tax
- Net Profit Exceeding 3,000,000 Baht: 30% tax (Note: We recommend consulting a tax professional for detailed advice on how your business may benefit from Thai tax legislation and potential exemptions for specific industries)
Relevant Thai Law
The primary law governing company incorporation is the Civil and Commercial Code of Thailand (Sections 1097 to 1128). Our lawyers possess a deep understanding of this code and ensure your company adheres to all legal requirements. Additionally, the Foreign Business Act (FBA) plays a role in regulating the business activities of foreign-owned companies in Thailand.
Key Points to Remember
Thailand boasts a flourishing economy with vast investment opportunities.
The government actively supports foreign investment.
Isaan Lawyers’ experienced team guides you through every step of incorporation.
Incorporation offers benefits like limited liability, visa support, and potential tax advantages.
We provide a company logo stamp and full incorporation documents in both Thai and English.
Ready to Seize the Opportunity?
Contact Isaan Lawyers today!
https://isaanlawyers.com/contact-us/
- Website: https://isaanlawyers.com/
- Email: info@isaanlawyers.com
- Phone: +66 (8) 4471 5775
Let our expertise pave the way for your successful business venture in Thailand.
In Pattaya why not give our sister company a shout at http://www.anglosiamlegal.com
