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About Business Registration in Pattaya, Thailand
Do you live in Thailand or plan to? Then you should think seriously about a source of income to provide for your life. You have two possibilities as an ex-pat: getting a job or opening your own business. Although the first option seems simple, it won’t drive you the same income that owning a business will.Â
Take advantage of this opportunity and let your entrepreneurial spirit initiate the first steps in opening a business in Thailand. You have a lot of places to pick for setting up a business, but the most recommended of them are the tourist areas.Â
We do recommend the region of Pattaya. Once you arrive, you will know you want to spend your whole life there. And also that you want to set up a business there. The region is very rich in profitable businesses that involve touristic activities. So, suppose you also have a business idea on your mind. In that case, this article will offer you the necessary information about how to register a business in Pattaya, Thailand, and gain success through it.
Business registration, Thailand
Many people think that it is hard to start a new life in a different country. But that’s not the case for Pattaya, Thailand. Here, you will feel just at home from the first week. Thailand has friendly people and a very high standard of living, which is why most visitors are looking to settle or retire here on a fixed income.
 The warm and welcoming people will make your stay easier and will give you their help with everything you need. Consider this region as a destination for your business and read this article to find out how to register a business in Pattaya, Thailand. You will have a lot to learn about businesses in Thailand, but luckily we are here to assist you along the way.
Due to the growth of the economy and its extensive natural resources with a dynamic market and very strong exports, Thailand is the perfect place for a new business. Thailand is also known as a business-friendly country that welcomes innovative ideas and business minds. In this sense, Pattaya has a good reputation in the business world. Open-minded and in continuous development, the business market in Pattaya, Thailand embraces young entrepreneurs.Â
Once all the legal requirements are fulfilled and you learn about business practices in Thailand, you will be one step closer to becoming the businessman you have always dreamed of.
Before proceeding with business documentation, you need to learn first about Thailand’s business opportunities and practices.
Business registration in Pattaya, Thailand – How to register your business!
For those who do not know Thailand’s laws and practices, business registration can be challenging at the same time.
Business registration in Thailand consists of the possibility to choose between a private and a public company, it’s up to you to choose which of these two you want to start with.
Before you start taking the necessary steps for business registration in Pattaya, you need to identify your promoters. For private companies, you need at least 3, while for public companies you should have at least 15 promoters.
Companies have to register the association’s memorandum because there is a registration at the Ministry of Commerce, with details about the company name, finances, the name of promoters, its objective, etc. At this point, the business must pay The company must pay all the shares for the entire duration of registration of the memorandum.
The process of business registration can take between 3 and 5 days for a single limited company, depending on the structure, and up to 90 days for a more complex company.
Company forms in Thailand
If you have a great business idea, the next step is to research and apply for documentation. This will allow you to legally run your business in Thailand and follow the government’s requirements and guidelines. If this process seems too complicated for you, J&E Concierge can assist you in setting up your business in Pattaya, Thailand.
Once you complete this first step and you obtain your business visa, you can proceed further. Next, you have to decide upon the type of organization you plan to establish in Thailand. Keep in mind that based on Thai regulations, you are not allowed to own 100% of your company. The best option for you is to find a Thai business partner. He will also give you an insight into the business practices in Thailand.
There are more types of company forms you can choose from based on how many partners you will have, the type of industry, or the number of employers.
- Â Â Â Sole Trader
- Â Â Â Partnership
- Â Â Â Limited Company
- Â Â Â Public Company
- Â Â Â Joint Venture
You have the right to register any type of company, but you should know from the very start that you won’t have the entire authority over your business. Thailand’s law requires at least one Thai native to be your business partner. Thai Limited Company is the most favorable and popular business form among foreigners. It is simple and easy to manage, therefore you should certainly go for it.Â
Do you need more information about company types in Thailand? Contact J&E Concierge and schedule a meeting! We will teach you all you need to know about setting up a business in Thailand.
Required Documents for Business Registration in Thailand
Are you ready to establish your business in Thailand? Further on you will find information about the most important documentation you need to register a business in Thailand. All these are also required to register and legally set up a business in Pattaya, Thailand.
First and foremost, you will have to apply for a business visa or non-immigrant visa B. This shows your intention to the authorities that you plan to open a business in Thailand and follow their regulation. To obtain this visa you need to provide the following documents:
- Â Â Â copy of your passport that does not expire in the following 6 months
-    registration and application form – that states your intention to apply for a business visa in Thailand
- Â Â Â two passport-size photographs
- Â Â Â bank statement to prove your financial eligibility
-    proof of transcripts and degree – to support your education statement
- Â Â Â all employment certificates from former employers
- Â Â Â if you have previously worked in Thailand, you all need to provide a copy of your work permit.
There are several documents you need to fill out that have to state the name of your company, company form, location, capital, and employees. All this information will give the authorities a clear view of your company and its activity.
Also, once you are legally allowed to run your business, don’t forget to follow the business practices in Thailand. These will be your advantage and you will increase your chances of success. Similar to other countries, Thailand also has a business culture and business conduct. Get familiar with these and use them to your advantage!
The best business practices in Thailand
Moreover, you can use These best business practices to better understand the behavior and business culture. Once you understand them, you are one step closer to establishing a profitable business and building strong business relationships with local entrepreneurs.Â
For that reason, if you want to learn more insights into Thai business culture, contact J&E Concierge. In short, we are always ready to help and assist you with business services in Thailand.
Find below the most important facts you need to know about business culture in Thailand:
-    building relationships – don’t be bothered by personal questions you may receive from business people and partners. It is their way to know you better. You should have an open mind and be upfront. Thai people usually want to build a relationship with you before they proceed to do business.
- Â Â Â Â a business meeting is scheduled through a written invitation followed by a phone call for confirmation. Also, punctuality and formal attire are highly valued in Thailand.
-    hierarchy – Thailand respects older people and those who hold a higher rank. You should always show respect to your business partners if you are not sure about their role in a company or age.
-    greeting – is part of Thai culture. You have to place your hands in the form of a prayer and bow your head. It proves you are aware of their culture and respects their traditions.
New company registration in Thailand, Pattaya may sound complicated but in fact, it is very easy when you learn what to do. But if you have any problems in your process, remember that you can always count on our help.
If you want to know more about how to register a business in Pattaya, Thailand, and what business practices you should follow, this article is just a small insight into the Thai business world. For even more information and assistance through this process, contact J&E Concierge Pattaya and we will help you!
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Can anyone tell me what is a partnership? Thanks
Hello Zelda, we invite you to get in touch with us and we will provide you any information you need. Thank you
I already have an idea for a business, but where can i register ther company? Thanks
Hello Dhalia, please get in touch with us and we will help you open your company.
Wich is the capital you must have when you want to open a company?
Hello there, please feel free to contact us as soon as you can. We can provide you any information you need, and also we can help you open your company.
Is Thailand government supporting foregners who wants to open a business here?
Hello Jessica, please feel free to get in touch with us. We can help you open your company and also understand what you have to do. Thank you
Is anybody here who could help me open a business in Pattaya? What are the steps?
Hello Nintendo, please feel free to contact us and we will help you open your company