Setting up a company

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Setting up a company

Setting up a company is, for most entrepreneurs, the first step in the business environment.

Thailand advocates companies that are hard to approve of the country’s national government with the passport, this country allows you to open an account for import and export of remittances for any currency, thus facilitating business activities.

When you decide to open a company, you must know that you can benefit from tax cuts by associating with national companies on behalf of the Thai company.

If you have gone a long way in your process of opening a company in Thailand and are still interested in some of the benefits, you must know that, if you have been living in this country for at least 3 years, you can make a claim entitling you, to a permanent residence for you and your dependents.

For those who feel ready to open a business in Thailand, there are certain requirements and steps that you need to follow with care.

The first and one of the most important things to do when you choose to open a company is to establish a name that will characterize you.

The Memorandum of Association is the next step to be taken in setting up a company and must be signed by promoters and certified by two witnesses.

After that, if you still decide to open a company, you may have to provide information and the number of employees that you will hire and so other information.

The entire application process can be expected to take 3-6 months from start to finish and there are some specific requirements in regards to the company promoters as well.

All investor who decides to open a company in Thailand are already convinced because the country has such a strong government, have sufficient infrastructure, and skills.

From another point of view, Thailand is one of the most attractive investments in the world.

Thailand is a very big country, do you have to move towards an area where your business would only gain.

If you already decided to open a company in Pattaya you should know that all the mentioned rules and requirements apply equally to Pattaya
Here are many types of business structures to choose from if you decide to open a company in Thailand if you do not know what choices you have in the form of business set up the company registration can be difficult for you.

There are 4 forms of the establishment you can choose to open your company in Pattaya:

1. Thai Limited Company:- among foreign citizens, is the most popular form of registration in Thailand.

The capital of the company is divided into equal shares, the shareholders having limited liability to the unpaid amount of the shares held by them.
Regardless of the business goals you are supposed to have already established, the limited company is the best option for you.
2. Partnerships

3. Branch Office:-your company can take the form of a subsidiary.

From another point of view, another form of office can be the establishment of a representative office, the difference being that you will not be able to earn revenue in Thailand.

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