Tag

The most commonly recommended business structure in Thailand is a Private Limited Company. It is the best idea for the foreigner investors, and the legal formalities for the same can be completed with ease. It is good to know that the form and nature of the limited liability companies in the area are almost the same as that of Western countries. The shareholders, in this case, have limited liability towards the company’s unpaid parts of the shares, and it is preferably managed by the board of directors only. Foreigners often get worried about legal formalities and procedures to set up business in a different country. But the great news is that the Thai government has welcoming opportunities for entrepreneurs around the world. If you have a solid business idea that can contribute to the (more...)

There are so many things that attract a foreign national to set up a new company in Thailand. By establishing a Thai company, the business owner becomes eligible to purchase property in the country and can live or work here for a lifetime. The Thai government is always interested in allowing individuals to set up a new venture in the area so that they can make some positive contribution to the economy. They even provide several considerable facilities and services so that new-age entrepreneurs can set up a company with ease.  If you are also planning to set up a Thai company, the chances are that you need to know more about how to complete the procedure. Well, first of all, it is important to know that in order to establish a new venture, one needs to fill several forms first. (more...)

The limited liability company is a special type of business entity where investors are responsible only for the invested amount in the total company capital. This type of businesses offers more flexible choices to investors, and they find it easier to earn profits. Probably this is the main reason why limited liability companies are more suitable for entrepreneurs in Thailand.    In order to setting up a company in Thailand, it is first important to find at least three shareholders, and the company can be ruled by only one director. The most important aspect of this type of business is that the majority of members of the board of directors must be Thai residents. You need to find people that own Thai citizenship; they can also help you in easy processing of documents in (more...)

Thailand is one of the most vibrant countries in the world where you can find loads of facilities for setting up a new business. Most of the industrialists and new-age entrepreneurs around the world these days are making efforts to open a new company over there. The growing trend of industrialization in the country led to a remarkable success story. Wide range of business professionals are eager to take benefits from the growing market.    If you are also planning for setting up a company in Thailand, it is first good to go through the details below. Here we have highlighted a few interesting concepts about types of corporate entities that you can establish in Thailand:   Sole Trader: You might have heard that sole traders can actively work in most countries throughout (more...)

When a foreigner thinks of setting up a company in Thailand, the first most choice is to look for a Thai limited company. Whether you want to open a hotel, bar, restaurant, beauty salon, coffee shop, spa, online business, motorbike rental service or anything else, it is first important to register your company and preferably you can go ahead with Thai limited company.    General ownership requirements: It is important to have almost three shareholders for setting up a Thai Limited Company where around 51% of these shares are assigned for some Thai legal entity; that can be a company or person. You can find three common exceptions to this law:   • When the company is being owned by a foreigner that owns US citizenship, it must be set up by following the Amity Treaty. (more...)