How much does it cost to register a business in Thailand?
However, the government fee to register a company in Thailand is the same for Baht 15 capital or Baht 1M capital. Thus the government fee to set up a Thai company is about 7,000 for Baht 1 M registered capital.
Can foreigners register a company in Thailand?
Company Registration in Thailand for Foreigners
The majority of shares in a Thai company must be owned by a Thai citizen unless it is part of a special Board of Investment (BOI) program. This means that foreigners can only own up to 49% of a Thai company. … Private limited companies require a minimum of three promoters.
How long does it take to register a company in Thailand?
The duration for registration depends on the nature of your business and your promptness in providing the requested information. A company can be set up in 1 – 2 weeks but the application of foreign business license can take up to 3 – 4 months.
How can a foreigner Start a business in Thailand?
The Step-by-Step Guide to Starting a Business in Thailand
- Pick a Type of Business. …
- Check Out Thailand’s Foreign Business Act. …
- Learn About Incentives and Benefits Provided by the BOI. …
- Apply for Visa and Work Permits. …
- Register Your Company. …
- Sort Out Your Paid-Up Capital and Open a Bank Account.
How do I register my business in Thailand?
Steps on How to Register a Thai Limited Company
- Step 1: Registering the Company Name. …
- Step 2: Filing the Memorandum of Association. …
- Step 3: The Statutory Meeting. …
- Step 4: Registration of the Company in Thailand. …
- Step 5: Register for VAT (Value Added Tax) and Income Tax.
Can a foreigner be a sole proprietor in Thailand?
A business owned by one person with unlimited liability is known as sole proprietorship. … For foreigners, sole proprietorship is only allowed if they are covered by the United States – Thailand Treaty of Amity and Economic Cooperation. Otherwise foreigners are not permitted to operate this type of business.
Is it hard to start a business in Thailand?
Starting a business in Thailand can be a daunting prospect, but get it right and it can be a lucrative, enjoyable one. … Thailand is the second-largest economy in Southeast Asia after Indonesia, and recognized by the World Bank as “one of the great development success stories” in social and development indicators.
How do I get a tax ID in Thailand?
To apply for a TIN you’ll need to show the following documents at the tax office:
- Valid passport with a valid visa or visa exemption.
- Lease agreement of six months or greater, including a copy of the landlord’s ID.
- Proof that you have spent at least 180 days of the last 365 days in Thailand (past entry stamps on passport)