Countless foreigners nowadays would like to start up or perhaps expand their enterprise in Thailand. Starting a business in a foreign country could be both a rewarding opportunity and a daunting task. You’ll find One Stop Service Centers that include business services that will foreigners set up a firm in Thailand. The Thai administration has made great improvement during the last few years to raise the process of business registration in Thailand. A Thai Company could be registered in just one business day soon after receiving a confirmation in the name reservation with the Thai limited firm.
Fresh businesses both huge and small can set up in Thailand easily. For a smaller new Thai business you can easily register your new Thai limited company with a minimum capitalization of 2 million baht. The Thai administration requires that at least 25 percent of the starting capitalization be paid through to the date with the meeting for corporation registration. This start up capital can be used immediately for business office rental, buying pc’s, purchasing inventory along with other business expenses. For big businesses, Thai government has their Board involving Investment (BOI) course for offering special sectors advantages for choosing Thailand as their initial location. This can comprise small software developers with just a couple people to great manufacturing operation. This incentives include levy holidays, reduce levy duties on imported machines, fast canning of work permits and visas regarding foreign staff, and as well as tax cost-free zones for importing raw materials that may be used and exported to be a finished product (for several designated sectors).
The particular ownership percentage of this Thai company depends on any type of business registration you process using the Thai government. The most common type of registration could be the Thai Limited Corporation with 2 mil baht required preliminary capitalization. A foreigner can only support to 49 percent on the shares in this sort of structure. Thus, the Thai partners must have 51 percent. The BOI corporation structure offers the option of 100 percentage ownership in particular business categories. It is strongly recommended that you call a Thai corporation incorporation lawyer to help you in the planning of your respective new business within Thailand.