More and more enterprises and individuals are seeking the development of the Thai market. This is the golden age of foreign investment. How to start a foreign company in Thailand? MDR accounting law firm arranges the following key points of registered companies for you according to Thai business laws and regulations, so as to help more foreign entrepreneurs make investment plans.
There are four types of companies that foreigners are allowed to register under certain conditions
1、 Thailand Limited
It can also be called Thai joint venture (JV), which does not limit the scope of business, so it takes a short time to register. The registered capital is at least 1 million baht, but the registered capital is related to the work permit processing and tax issues. For example, one work visa quota = every 2 million baht registered capital + 4 Thai employees. Therefore, it is necessary to carefully consider the standard. To register a joint venture, at least one Thai shareholder is required, accounting for at least 51% of the shares. In order to avoid risks, Wenhua proposes to use three Thai shareholders. The maximum number of foreign shareholders is 1-3, and the shareholders can be legal persons or natural persons.
Firstly, the first step is to submit the company name to check whether it can be used, the second step is to determine the registration related matters, including address, business scope, registered capital, equity ratio, legal representative, etc., and the third step is to draft the articles of association and design the seal, which should be handled by MDR accounting law firm. There is no need to carve the seal by oneself, and the seal should be given away. The third step is to prepare the registration materials and submit them to the Ministry of Commerce. After obtaining the business license of the company, if there is no need to apply for other business licenses, it can be formally operated.
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2、 All foreign companies
All foreign companies do not have to be limited by 51% of Thai capital and 49% of foreign capital, and can hold 100% of foreign shares. But the scope of business is limited, generally for large manufacturing enterprises, the application process is cumbersome and long.
All foreign funded companies can be divided into boi company and FBL company. After the application is approved, boi company enjoys preferential tax policies, which is one of the reasons to attract more investors to apply for boi. FBL is relatively more strict in its application.
The boi Investment Promotion Committee encourages Thailand's relatively scarce industries to apply for boi, such as high-tech industries and resource-saving industries. And increase preferential policies year by year to attract more investment.
The registered capital of BOI needs to be drawn up according to the business scope, and different industries have different regulations. Therefore, professional law firms are needed to inquire whether the business is within the category allowed by boi. MDR accounting law firm has many experienced senior lawyers, who can carry out comprehensive boi application planning for investors.
If you have any questions about boi, please contact our Wenhua paralegal for interview.
3、 The business scope of the branch company is not limited; the registered capital is at least 3 million baht, the shareholders can be foreign legal persons or natural persons, and the directors can be Thai natural persons.
4、 Foreign companies in Thailand office, such companies can not have the nature of earnings, can only deal with after-sales.
Chinese companies registered in Thailand should follow the foreign business law and other regulations. Otherwise, there will be many loopholes in the registered companies. It is also a key step to set up the company in a suitable region Firm can provide investors with pre investment feasibility investigation, Thailand investment consultation, Thailand business investigation, investment scheme setting and one-stop service of registering Thai companies. For more professional information about registered Thai companies and Thai market, please contact us.