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Business in Thailand

How to open a legal entity in Thailand?

In order to legally conduct business in Thailand, you need to open a company registered in the country. On Legislation of the Kingdom of Thailand, if a company offers to conduct business for profit or for the purchase of her property, land and other property, 51 percent of the shares of such companies do not have to be owned to citizens of Thailand, and only 49 per cent of the foreigners. In some cases, the percentage of foreign participation may be even lower (eg in case of purchase of a boat or yacht for a company for commercial activity foreign participation must not exceed 30% of the total shares).

Often naminalnyh Thai co-founders provide law firms are engaged in the registration of the legal entity.

One of the most common ways to reduce the risks of intervention in the activities of Thai co-founders of the company are refusal letters. The refusal letter Thai co-founders waive their rights to a company and transfer the right of the first signature to the foreign co-founder and CEO. This is not the only way to circumvent the law, there are other ways.

For outdoor swimming companies need an office, the office can be a house in which you are renting or who is in your property. You will need to come up with a unique name of the company, it is better just a few. The lawyers will check the availability of something that you like and if it is not available to check out other options for your suggestion.

You must select the type of activity of the company. Include all possible activities that you plan to do.

The authorized capital of the company must be at least 2 000 000 Baht. You do not necessarily provide this amount of cash. This question will help to solve the law firm to which you refer.

Opens the company within 7 days from the Thai 100% participation for the opening of the company must have at least 3 people. Over the next few days of the Thai co-founders of changes in foreign, pro-rata distribution of shares 51/49 is retained.

Then executed the necessary certificates and licenses if they are required for the activity of the company.

Work permit (permit-Vork)

For that would be a full-fledged director of the company or to hire foreign employees to work you need Vork-permit and a work visa.

According to Thai law for the registration of the permit Vork-capitalization of the company should be 2 000 000 Baht. For each subsequent Vork-capitalization of the permit must be increased by another 2 million baht. By this expedient when the opening of the company to decide how much you will need a work permit and to issue the company with the required registered capital.

For each Vork, the permit must have a minimum of 4 Thai employees. That is, if you have 1 vorkpermit you officially be arranged 4 Thai, if 2 accordingly 8 Thais, etc. In fact, there is no need to keep such a large number of employees. Suffice it to hire 1-2, the rest you can dial for no limited amount of time. Legislation of this does not prohibit.

All care of paperwork to obtain a work permit will take over your chosen law firm. You will need only to provide them with all the information and documents that they have any queries.

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