Over the years, Thailand has achieved a great reputation in the global business community. The borders of this country are directly connected to several potential markets such as Cambodia, Malaysia, Myanmar and Laos. Foreigners find it easier to start business in Thailand with simple to follow regulations and legal guidelines.
Thailand is recognized as largest hub for tourism in Asia. Reports reveal that more than 20 million foreign tourists prefer visiting Thailand per year. The local business owners can benefit from these visitors by great extent. If you are planning to open a new business in Thailand, it is good to pick a strategic location where you can serve more audience with ease.
The process for company registration Thailand is pretty simple. However, it is important to know minimal eligibility criteria to make confident decision about your business idea. Below we have listed few details on essential requirements to lead your new company in Thailand.
In order to start a private limited company in the country, it is first important to meet minimum capital requirement. Generally, USD 60,000 is preferred to set up a new company in Thailand. But you need to know that requirements are based on structure of the business. The minimum capital for Thailand based company is usually THB15.
Minimum Directors & Shareholders
When an applicant is ready for company registration in the country, it is important to appoint required number of directors and shareholders. The private limited companies need to have minimum three shareholders; however, for public limited company, it is necessary to have at least 15 shareholders. Other than this, a partnership firm is required to have at least 2 partners that can handle essential activities for business. Few other forms of entities