Set Up a Company in Thailand @ Asia Business Set Up


Set up a Company in Thailand
Investors set up a company in Thailand because of the relatively simple company incorporation process. It usually takes about a month to register a limited liabiliy company in Thailand. The following is an overview of Thailand’s economy and its impact on international entrepreneurs:
1.	Many entrepeneurs set up a company in Thailand. In fact In the first quarter of 2011, the FDI into Thailand reached over US$2.3 billion.
2.	To set up a company in Thailand, the company corporate name is requested for reservation with the Commercial Registration Department in Thailand. The company name must satisfy the local guidelines and upon approval, the name is reserved for 30 days.
3.	In order to set up a company in Thailand government fees are payable. The registration fees comprises of 120 000 Baht (US$3,970) service fee and 12 500 Baht (US$410) government fees, based on registered capital of 2,000,000 Baht (US$66,140).
4.	After Thailand company set up, all companies earning more than 600,000 baht (US$19,840) must register for VAT. All companies in Thailand posses a Tax Identification Card and number for the company from the Revenue Department.
5.	According to the 2011 Doing Business Survey by the World Bank, Thailand is the world's 19th easiest place to do business, out of 183 countries. The survey measures factors including business start up procedures, time, cost and minimum capital required to start a business. Making it a top country for easy company formation.
6.	Thailand is a world-renowned tourist destination, as evidenced by Travel + Leisure magazine's 2010 World Best Awards readers survey. When asked which city in the world provided the best tourist experience, the magazine�s readers voted Bangkok as the best in the world and Chiang Mai as the second best. Setting up a company in Thailand enables entrepreneurs to capitalize on Thailand�s world-class tourist economy.
7.	In Heritage Organization’s 2011 Index of Economic Freedom, Thailand was ranked low at 62nd and considered to be ‘moderately free’. Business and Labour freedom and government spending are 3 of the factors that Thailand does not rate well.
8.	Investors who set up a company in Thailand should note that Thailand has signed double taxation treaties with almost 50 countries. A list of the countries can be found at The Revenue Department web site. Thailand's Board of Investment (BoI) provides a range of incentives to encourage Thailand company set up, including tax reductions and temporary exemptions based on location, and foreign investment advantages.
Contact Us
For more information on how to set up a company in Thailand, email email@healyconsultants.com or call us in Singapore (+65) 6735 0120
Back to the home page