Company Registration Thailand

1. Company Registration in Thailand Company Registration in Thailand Registering a company in Thailand enables a pathway for expats to conduct business and stay long term in the kingdom. The process to register a Thai company is easy and the benefits are greater than operating offshore. At TILA Legal, we have a staff of knowledgeable, English-speaking lawyers. Our firm has extensive experience in Thailand company registration and has been setting up all types of businesses for more than 17 years. So if you wish to set up a limited-company in Thailand, we can help you and ensure that your business is operating in as little as two weeks. Company Registration Thailand Company Registration Services The process to register a company in Thailand is mostly straightforward, but there are some difficulties that foreigners often experience. However, with our assistance, the process is relatively simple and easy, and we will ensure that you retain full control and ownership of your company. Establishing a private limited company is the most popular and easiest way to begin trading legally in the country and to employ staff, to open a bank account, and to deal with tax issues.

2. TILA Legal is a recognized, leading, one-stop legal firm in Thailand. Their English- speaking lawyers have vast experience partnering with entrepreneurs on their journey to registering a company, offering advice on every aspect of business law and solutions on navigating tricky visa and work permit issues. If you're currently staying in Bangkok, we can give you a free, no-obligation legal consultation to answer any of your questions and let you know more about what's involved in registering a company here in Thailand. Our firm's office is located near the Phom Prong BTS sky train station, for a map and directions you can find it on tilalegal.com/contact-us Simply let us know what date and time you'd like to meet. If you're not currently in Bangkok, that is ok we are able to assist you remotely, however should you choose us to set up your Thai company you will just need access to a scanner should we require any documents from you. Overview Operating similar to a US-based limited liability company, a private limited company in Thailand can be up and running in as little as two weeks with TILA Legal's expert help. Establishing such a company gives you SIX advantages: •Limited liability means a shareholder is limited to the registered capital they invest; •There is clear understanding of everyone's legal obligations as all are set out in writing; •There is in-built flexibility for a limited company to engage in different and licensed business activities; •There is ability to operate corporate bank accounts, and online banking; •Hands-on foreign ownership helps maintain a controlling interest; •The system enables application for work permits for foreign staff. Interested? Some Need to Know Details Before you set up and step up into the Thai business landscape, there are a few must- knows to consider. A limited company will be typically owned by at least two shareholders one of whom is a nominated director. As for company registration in Thailand, it’s important to be aware that at least 51 percent of a company’s shares must be held by Thai citizens. The remaining shares may be held by anyone. In spite of this, it is still possible for a foreigner to maintain a controlling interest in a company by issuing two separate classes of shares: ordinary and preferred. Shareholders with ordinary shares have more voting rights in the company. At least one director is chosen by the shareholders. Only the director(s) is authorized to sign

3. anything on behalf of the company, and individual shareholders are only liable to their percentage of shares. There needs to be a minimum of 2 million Thai Baht of registered capital in order to be eligible for a work permit. However, this does not mean that you need to have this amount of money to start, it is merely the limited liability of your Thai limited company. The head office needs to be in Thailand and a Letter of Consent must be obtained from the landlord. If you have some problem to use your address to be a Thai company address TILA Legal can offer our virtual office address services for Thailand company registration and range from 2,000THB monthly (minimum 3 months). Company Registration Thailand