You asked: How do I start an LLC in Thailand?

How do I register a LLC in Thailand?

Steps on How to Register a Thai Limited Company

  1. Step 1: Registering the Company Name. …
  2. Step 2: Filing the Memorandum of Association. …
  3. Step 3: The Statutory Meeting. …
  4. Step 4: Registration of the Company in Thailand. …
  5. Step 5: Register for VAT (Value Added Tax) and Income Tax.

Can foreigners start a company in Thailand?

This means that foreigners can only own up to 49% of a Thai company. The 49% limit for certain business activities can be exceeded or exempted if a Foreign Business License is granted. A Foreign Business License is generally granted to foreign-owned businesses that are unique and do not compete with Thai businesses.

How do I start a limited company in Thailand?

How To Set Up A Thai Limited Company

  1. STEP 1: COMPANY NAME RESERVATION. …
  2. STEP 2: FILING OF MEMORANDUM OF ASSOCIATION. …
  3. STEP 3: CONVENE A STATUTORY MEETING. …
  4. STEP 4: REGISTRATION. …
  5. STEP 5: TAX REGISTRATION. …
  6. STEP 6: OPENING A COMPANY BANK ACCOUNT.
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How much does it cost to set up a limited company in Thailand?

However, the government fee to register a company in Thailand is the same for Baht 15 capital or Baht 1M capital. Thus the government fee to set up a Thai company is about 7,000 for Baht 1 M registered capital.

How much does it cost to start a business in Thailand?

As it currently stands, the minimum capital requirement for a Thai majority shareholder company (limited) is 2 million Baht, with a government set up fee of roughly 7,000 Baht. If you have a Thai spouse, this requirement is reduced to 1 million Baht.

How do I get an international business license in Thailand?

Obtaining Foreign Business License

  1. An investor has to apply for permission to conducting foreign business. …
  2. If a company has minimum capital (paid-up capital) of 100 million baht for each of business, …
  3. Thai company has to submit a principle approval letter to the committee of foreign business.

Can I own a business in Thailand?

Starting a Legal Corporation in Thailand. … Remember, foreigners are not allowed to own 100% shares of any business in Thailand, unless you are a US citizen which you can read more about below. The most popular way to start a business in Thailand is to register a business under a Thai person.

Can I set up a business in Thailand?

If you want to start a business in Thailand, you can set up your business in a number of ways. If you have an international business, you may wish to set up a Thai branch office, Thai representative office or Thai regional office to take advantage of local business opportunities and possible tax advantages.

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How do I register an online business in Thailand?

To register, the following documents are required to submit to the Department of Business Development (DBD).

  1. Application for E-commerce Registration (Tor. Por. …
  2. ID card or Passport of the applicant. For an individual – ID card or passport. …
  3. A power of attorney (If any)
  4. A clarification letter (In case of late registration)

Is Thailand a good place to start a business?

The Wharton School of the University of Pennsylvania has ranked Thailand the best place in the world to start a business for the third year in a row in the 2019 version of the annual Best Countries Report co-published this week with U.S. News and World Report and BAV Group consultancy.

How long does it take to incorporate a company in Thailand?

Companies in Thailand have to be registered with the Department of Business Development, Ministry of Commerce. Registering a company takes around seven days for a private company and up to 30 days for a public company.

What is a limited company in Thailand?

What is a Thai limited company? A Limited Company, particularly a Private Thai Limited Company, is the most popular form of business structures in Thailand. Its key features are: It is owned by a minimum of three shareholders. The liability of each of the shareholders is limited to the par value of their shares.

What is company affidavit Thailand?

Company Affidavit: This is obtained from the Thai Ministry of Commerce – Department of Business Development. … This would be your company’s current legal registration from your home country. Form of Identification: A Government ID or the Passport of the person authorized to sign agreements on behalf of the tenant.

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