Quick Answer: How do I set up a foreign company in Thailand?

How do I start a foreign company in Thailand?

Remember, foreigners are not allowed to own 100% shares of any business in Thailand unless you are a US citizen. The most common way to start a business in Thailand is to register it under a Thai person. If you are going to register your business under a Thai partner, it has to be with someone you trust.

How much does it cost to set up a company 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. 2.

Can I set up a business in Thailand?

If you want to start a business in Thailand, you can set up your business in a number of ways. If you have an international business, you may wish to set up a Thai branch office, Thai representative office or Thai regional office to take advantage of local business opportunities and possible tax advantages.

How do I register a company in Thailand?

Steps on How to Register a Thai Limited Company

  1. Step 1: Registering the Company Name. …
  2. Step 2: Filing the Memorandum of Association. …
  3. Step 3: The Statutory Meeting. …
  4. Step 4: Registration of the Company in Thailand. …
  5. Step 5: Register for VAT (Value Added Tax) and Income Tax.
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Can a foreigner own a Thai company?

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.

What is a good business to start in Thailand?

Top 10 Business Opportunities in Thailand

  • Import and Export Company. …
  • IT Consulting Business. …
  • Translation Services Business. …
  • Create a Catering Company. …
  • Real Estate Company. …
  • Healthcare Services Business. …
  • Opening a Resort. …
  • Travel and Tour Companies.

Can I be self employed in Thailand?

Self-employment in Thailand

While Thai citizens are certainly able to work for themselves, the same cannot be said for non-citizens. Unfortunately, a non-citizen cannot just move to Thailand and start working on a tourist visa.

What jobs can foreigners do in Thailand?

12. Potential Jobs for Foreigners in Thailand

  • Teach in Thailand. Let’s start with the obvious. …
  • Real Estate Jobs. …
  • Work as a Diving Instructor. …
  • Become a Freelance Writer. …
  • Sell a Gig On Fiver.com. …
  • Working for a Multinational Company. …
  • Get a Job at an Embassy or with The UN. …
  • Become an International Development Worker.

How do I open a shop in Thailand?

The Step-by-Step Guide to Starting a Business in Thailand

  1. Pick a Type of Business. …
  2. Check Out Thailand’s Foreign Business Act. …
  3. Learn About Incentives and Benefits Provided by the BOI. …
  4. Register Your Company. …
  5. Sort Out Your Paid-Up Capital and Open a Bank Account. …
  6. Once Your Business is Operating, Pay Taxes.
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Can a foreigner buy property in Thailand?

In Thailand, foreigners may only own a condominium in his/her own name. Foreigners can take ownership of a condo by either purchasing a condo unit with a freehold title or entering into a long lease agreement, commonly known as “Leasehold”.

Can a foreigner open a restaurant in Thailand?

Opening a restaurant in Thailand seems to be tough because there are a huge number of restaurants all over Thailand and it is really hard to compete against the Thai people since Thailand has a foreign business law that prohibits foreigners from doing most businesses.

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