A guide to starting a business in Thailand
Thailand is located in South-East Asia and boarders the Andaman Sea and the Gulf of Thailand. Thailand has a well-developed infrastructure, a free-enterprise economy, generally pro-investment policies and strong export industries. Thai exports consist of mostly machinery and electronic components, agricultural commodities, and jewellery. Exports continue to drive the economy and account for more than half of GDP.
Listed below are the most common business entities registered in Thailand by foreign investors:
Thai partnerships are broadly similar to partnerships in the Western world . There are 3 general forms of partnerships in Thailand: Unregistered ordinary partnerships, Registered ordinary partnerships and Limited partnerships.
There are two types of limited companies in Thailand – Private Limited and Public Limited. A Private Limited Company is governed by the Civil and Commercial Code and a Public Limited Company is governed by the Public Company Act.
Private Limited Companies is formed through a process which leads to the registration of a Memorandum of Association (Articles of Incorporation) and Articles of Association (By-laws), as its constitutive documents.
Public Limited Companies registered in Thailand may, subject to compliance with the prospectus, approval, and other requirements, offer shares, debentures and warrants to the public and may apply to have their securities listed on the Stock Exchange of Thailand (SET).
How to register a Thai Limited Company?
To incorporate Limited Company in Thailand you are required to have minimum of three promoters. At least one of these three promoters must be Thai. We can provide Thai shareholder for you along with the necessary papers to secure shares while you have control power over your company (e.g. Share Transfer Agreement , Loan Agreement etc). Our Thai shareholder can be one of your promoters and director for initial set up process to expedite the process and less hassle.
CompanyRegistrationsWorldwide.com can provide you with a professional company formation service for setting up your company in Thailand. For more information or to begin the process please contact us on +353 (0)1 687 4518 or alternatively you can fill out a contact form and a company formation expert will be in contact as soon as possible.