Requirements for setting up a company in Thailand

There are three types of companies that can be registered in Thailand: joint ventures, wholly foreign-owned companies (BOI) and branches. Registration requirements for Thai companies:

1, which can be registered in the name of any natural person or legal person;

2. Shareholders of the company must contribute 25% of all shares of the company;

3. There must be at least 3 promoters, at least 1 director and 1 auditor;

4. Convene a shareholders' meeting, and shareholders have the right to vote;

5, the procedure is simple, just hold a valid passport;

6. Registered capital of Thai companies: The minimum registered capital of a limited company is 6,543,800 baht, with no upper limit. According to the requirements of the Thai Ministry of Labor for foreign enterprises, 1 foreigner can be employed for every capital increase of 2 million baht.

7. If qualified, foreigners can own 100% equity;

8. The registration of the articles of association and the memorandum of association is the procedure for the establishment of a company.

If it is a small investment, it is suggested to set up a joint venture company, because the procedures of BOI company are complicated and it will take at least three months to be approved. After that, you must go through the formalities of applying for BOI certificate, and then you must submit the project application to the Investment Committee. At the same time, you need to apply for a "foreign business license" to start business in Thailand.