Since you already set up your business idea, now it’s time to compare it with reality.
Does your idea have the potential to succeed? Before you go any further you need to run your business idea through a validation process.
To make your idea a reality you also need a good plan.
Having a business plan will guide your business from the start-up phase through establishment and for sure it is a must-have if your business is new.
Your business can be a sole proprietorship, a partnership, a limited liability company or a corporation.
Every entity you choose for your business will impact many factors like your business name, liability and how you file your taxes.
First of all, you have to choose an initial business structure then you have to reevaluate the structure and change it in case your business is not growing.
Note that paperwork is a part of the process when you start your own business.
The next thing you obviously have to know is the process of company registration.
Complete the form to enquire about Registering a Thai Company in Pattaya
Company registration Thailand
Thailand is one of the regions with a good economy backed by an expanding middle class which is thriving a start-up community.
Aside from working as an employee, there are many other better ways to make money.
What would be more enjoyable than starting a business for your own? If you consider starting a business in Thailand, remember that it is not so hard.
Once you set up your business idea the next step you must do is to register your company and it is very important to consider which structure will best suit your needs.
There are many types of business structures to choose from if you decide to set up your new own business in Thailand, in fact, 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 operate your business here:
– Thai Limited Company:- private limited company is the most popular form of Thailand company registration.
– when the Thai company has been registered you have to obtain a tax identity card.
– all companies are required to close their accounts and have a new auditor audit their books and file their audited financial statements once a year with the Revenue Department and the Department of Business
– Sole Proprietorship
– Branch Office: you can choose to operate your existing foreign company in Thailand a Branch Office.
In another point of view, you can also choose to set up a representative office, which is also a form of Branch Office but as a representative office, you cannot earn income in Thailand.
Company registration process
First of all, you have to register the company name
The name you chose for your company must not be identical to/or resemble the name of any pre-existing registered partnership or company.
It is recommended that you reserve at least a few names ranked by priority to maximize the chances of success and note that your company name will be registered in the Thai language even if the name of your company is in English. Remember that your clients will have to write it, so do not propose a name that is lengthy or difficult for non-English speakers.
The statutory meeting is the next step you must do in your company registration process. It can be convened as soon as you register the Memorandum of Association.
After you have chosen the name of your company, the next step is filing the memorandum of association which is a special agreement made by the founders of the company. The original copy ( copies) of the Memorandum must be signed by the promoters and certified by two witnesses.
Company registration Pattaya
The idea of moving to Pattaya and starting a business there is becoming very popular among tourists.
Friendly people, tropics, the sun and the atmosphere of an eternal holiday inspire the idea that business in Pattaya does not require much effort and brings only pleasure.
When you decide to start the process of the company registration in Pattaya you should know a bit about what you’re doing, it should be “FUN”.
Thai people especially Thai ladies are inclined to having fun. If your employees are having fun it likely the customer will too.
For some people, establishing his own business is much better and more satisfying than working for somebody else.
Having your own business gives you the change to do things in your own way using your personal methods, ideas so Thailand cannot be a bad choose to start a business
Yet, when considering Pattaya as his business destination, chances are, this business-minded individual already had an idea of what type of venture he will be introducing to the Kingdom.