Register a company in Thailand

Thanks to its location in a comfortable climatic zone, Thailand has a reputation as one of the most popular resorts in the world. Despite the relatively low standard of living of the local population, the Thai economy is characterized by stable GDP growth, which attracts foreign entrepreneurs. To register a company in Thailand will help specialists of the consulting firm Positive Invest, who have experience in setting up a business abroad.

Open a company in Thailand. Key points

The main factor influencing the development of the country's economy is the location of enterprises and commercial zones: most firms are located in or near the capital. Registering a company in Bangkok will be most beneficial for those entrepreneurs who seek to quickly and effectively develop their business in Thailand.

It is worth noting that, unlike most states in Southeast Asia, local legislation allows the sale of ready-made firms to non-residents. Buying a company in Bangkok is the most profitable option.

In order to open a representative office in Thailand, you must provide complete information about the company's activities. There are no significant restrictions for foreign companies.

Stages of company registration in Thailand

1. Company name selection, plagiarism check.
2. Drafting of the memorandum of association.
3. Holding a meeting of shareholders.
4. Company registration in Bangkok or any other city in Thailand.
5. Obtaining a tax number - Tax ID.

Taxation in Thailand

All taxes are divided into direct and indirect. Direct taxes include:

• personal income tax - a progressive rate depending on the amount of income: 0-37%;
• income tax - 30%, the amount may vary depending on profit or gross income: 2-30%.;
• oil - 35% -50%, depends on the status

Indirect taxes are:

• VAT - 7%,
• business tax - 2.5-3%,
• excise - 1-50%,
• customs duty - 5-60%,
• stamp duty - 1-1000 baht
  

   

  Registration of a company in Thailand - Positive Invest services

  It is difficult to register a company in Thailand on your own. This is due to the need to have information about the conditions for registering and doing business in a given country. In addition, to register a company, you will need to make frequent visits to the country, as well as contact local lawyers and translators. Positive Invest employees are ready to take care of all the stages of business registration and related services:

  • Company registration, including payment of taxes and fees;
  • Full business support: services of a secretary, agent, accountant, translator, provision of a legal address;
  • Preparation of documents, apostille;
  • Rated service;
  • Opening bank accounts;
  • Obtaining a tax number, permits, licenses, certificates;
  • Conducting meetings, audits, preparation of reports;
  • Delivery of finished documents.

  For more information, you need to call the indicated phone numbers.