Thailand
Capital: Bangkok.
Official languages: Thai.
Currency: Thai baht.
Company registration provides the following benefits:
- Located in Southeast Asia, the country is ideally situated for regional trade.
- Loyal regulation in the field of taxation.
Thailand is a Southeast Asian state, occupying the Indochina Peninsula's western part and the Malacca Peninsula's north.
Thailand's economy is the second largest in Southeast Asia. Includes industry (electronics, cars), the agricultural sector, and developed tourism.
Features of taxation and reporting
The reporting requirements are mandatory. The minimum registered capital of a company in Thailand is 15 Thai baht.
- Corporate income tax is 20%. There are tax holidays for small and medium-sized businesses.
- VAT is set at 7%. SEZs and exports are eligible for exemptions and preferential rates.
- Corporate income tax can be exempted for up to eight years for companies with foreign capital.
Company registration
Company registration time: 10-14 working days.
Limited liability companies (Thai Limited Companies) are the most common form of company registration for foreign investors in Thailand.
The requirement for shareholders is a minimum of 3 shareholders. 51% of the company's shares must be owned by a Thailand resident.
Opening an account: establishing an account requires a personal visit of the director and shareholders to the bank; it is possible to open an account on a cryptocurrency exchange.
To register a company remotely, you will need to provide the following information:
- Choosing a company name: three options are required.
- Notarized ID copies for all participants.
- A document confirming the residence address of all participants (utility bills, bank statements indicating the address) with notarization.
- Bank statement no older than 3 months from application date.
A quick guide to registering a company in Thailand:
To quickly register a company, contact IT-OFFSHORE specialists. Our services cost includes:
- Preparation of documents (collection, filling, notarization, etc.).
- Company registration.
- Payment of all government fees.
- Registration agent services for 1 year with extension possibility.
- Translation services.
- Delivery of registration documents to any address.
The bottom line
Registration of a company in Thailand is not only a legislative process, but also a strategic step towards a successful business. Awareness of all aspects and consistent compliance will enable entrepreneurs to enjoy the Indian business sector benefits. We recommend consulting with IT-OFFSHORE lawyers to avoid possible legal consequences and ensure compliance with laws.
We offer not only legal support for company registration, but also a wide range of services, including accounting services, nominee services, and full support of the company after its registration. Thus, we provide full year-round service to your company.
