Thailand has become an increasingly popular destination for foreign investors looking to establish a business presence in Southeast Asia. This is due to a number of factors, including the country's strong economy, stable political environment, and favorable tax regime. In recent years, the Thai government has also taken steps to make it easier for foreign investors to register companies in Thailand.
Here are some of the latest updates and regulations for company registration in Thailand:
Reduced Minimum Shareholder Requirement
As of February 7, 2023, the minimum number of shareholders required to register a company in Thailand has been reduced from three to two. This change is intended to make it easier for foreign investors to start businesses in Thailand, as it allows them to form companies with just two partners.
Lower Minimum Capital Requirement for Foreign Companies
The minimum registered capital requirement for foreign companies has also been reduced from 2 million THB to 1 million THB. This change is intended to make it more affordable for foreign investors to establish businesses in Thailand.
Online Company Registration
The Department of Business Development (DBD) has also launched an online company registration system. This system allows foreign investors to register their companies online, without having to travel to Thailand.
E-visa for Business Travelers
The Thai government has also introduced an e-visa for business travelers. This e-visa allows foreign business travelers to stay in Thailand for up to 90 days.
These are just some of the latest updates and regulations for company registration in Thailand. If you are considering registering a company in Thailand, it is important to consult with a qualified legal professional to ensure that you are compliant with all of the latest requirements.
In addition to the above, here are some other things to keep in mind when registering a company in Thailand:
• The company name must be unique and must end with the word "Limited".
• The company must have a registered office in Thailand.
• The company must have at least one director who is a Thai national or a foreigner with a work permit.
• The company must have a minimum registered capital of 1 million THB.
• The company must register for a tax ID number.
The company registration process in Thailand can be complex, but it is important to follow all of the steps carefully to ensure that your company is registered correctly. With careful planning and preparation, you can successfully register your company in Thailand and start doing business in this exciting market.
If you have any questions about company registration in Thailand, please contact our qualified legal professional.
