Legal Assistance for Opening a Company in Thailand

Updated on Wednesday 28th June 2017

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Foreign businessmen who want to open a company in Thailand are advised to solicit the legal assistance of our local lawyers, as they are professionals who know the commercial legislation applicable to all types of companies. Foreign investors should know that international companies are more and more interested in the business market available in Thailand, due to a very stable and growing economy; another important aspect is that the local government offers a set of incentives for foreign businesses. The local government also created policies aiming at the liberalization of international trade; our attorneys in Thailand can provide you with an in-depth presentation on the local business environment. 
 

Register a company in Thailand


Investors who want to set up a company here can start the incorporation process by registering a business name for the company. According to the Thai legislation, the business name should not be similar to that of other registered companies. 

The main regulatory body which deals with company registration in Thailand is the Business Development Office (BDO), a department functioning under the supervision of the Ministry of Commerce.

You can choose from the various legal structures provided by the Thai legislation the one that you think is more suitable to your commercial goals. One of the most popular legal forms employed by many foreign investors in Thailand is the limited company, which needs to be established by at least three shareholders. Partnerships or joint ventures can also be constituted in order to conduct commercial activity in this country. According to the Commercial Code a business set up by a foreigner can own only 49% of the shares, and the rest can be distributed between local investors, in order to keep the voting majority on your side. 

Our attorneys in Thailand can provide you with assistance for drafting the Memorandum Association and the other documents, which will be further filed to BDO for the registration of your company.


Statutory meeting and registration in Thailand 


After the Memorandum has been filed at the Department of Business Development, it is required to establish a statutory meeting in which the shareholders of the company will approve the articles of incorporation and the structure of the Board of Directors. The local legislation requires that in a period of maximum three months after the statutory meeting is held, the directors have to submit their application to incorporate the company

If you want to know more details about how we can help you when opening a company in Thailand, we invite you to watch the video below: 



 

Other legal aspects

It is important to know that the Thai legal system is modern and designed in order to encourage foreign investment in the country. The legislation concerning foreigners who want to establish companies in Thailand grants similar rights to Thai citizens and to individuals from abroad.

The business will have to register for Value Added Tax and social security; it will also be necessary to register an office for the company and if you intend to rent or purchase a property it would be advisable to get familiarised with the regulations concerning properties in Thailand. The authorities demand as well a non-temporary business permit, for those foreign investors who intent to establish a company in Thailand. This permit will allow you to remain in this country for a longer time in order to implement your projects.

If you need further information on the requirements for setting up a company in Thailand, please contact our law office in Thailand, which can provide you with legal assistance for the registration process

Comments

Maria

March 7, 2016

The Thai commercial legislation is rather complicated when foreign entities are involved; as such, is it highly advised to receive the assistance of local lawyers.



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