COMPANY REGISTRATION PATTAYA
COMPANY REGISTRATION PATTAYA – HOW DO I REGISTER A THAI COMPANY IN PATTAYA?
Company Registration is the first step to opening a business in Pattaya, register with J & E Concierge and get started today.
Only 17,000 Baht ( 1M Baht Capital)
Company Registration in Pattaya can be a difficult administration task, J & E Concierge can help you through the company registration process and setting up a Thai business in Pattaya.
Not only can we assist with the initial company registration we can help you with a whole range of business services. If you are opening a new company or just looking for a reliable accounting partner to keep you on the right track with your accounting, licencing your business, opening a Thai bank account, Insurance or legal services.
Whatever it is J & E Concierge can make your life easier and save you time in Pattaya.
Open a Thai company now just 17.000 baht / 1 million baht capital
Opening a business in Thailand can be very exciting, make sure you get it right and it can be the best thing you ever did. What’s not to like, live the dream whilst making a comfortable living here in Pattaya, Thailand.
J & E are here to help you get it right from the word go, there is many people out there willing to give you advice in the bar, but do they really know what they are talking about? Do the smart thing and arm yourself with the correct facts relating to Thai business law and regulations before you decide if your chosen business is viable to give you the lifestyle you are looking for.
Be fully prepared, do your market research and know your business plan inside-out and most importantly make sure you have enough cash to start up. Come to J & E with your plan and we will guide you thought the whole process of company registration and opening a Thai Company.
J & E Concierge Company Registration Services can can help you with the following:
Deciding on the type of company, legally registering the company, obtaining the correct licences to operate (Restaurant Licences, Hotel Licences, Bar Licences) shareholders percentages, staff regulations, business visas, work permits, tax and accounting, Thai bank accounts and general advice.
Complete the form to enquire about Registering a Thai Company in Pattaya
How much will it cost to set up my Thai business?
The million dollar question! No one really knows, its dependant on many factors, type of business, location, stock, amount of staff and expenses required. J & E Concierge can, however, provide you with some knowledge to give you an idea of what’s involved. The main difference between and Thailand and Western countries is that the cost of manual labor and construction is very affordable here in Pattaya. Depending on what type of business you are running, the cost of staff salaries and renovation of a property will not set you back too much.
The average salary for Thai staff working in restaurants, shops, and the service industry is around 10,000 baht per month.
Electricity can be charged at anything from 5-8 baht per unit depending on the landlord of your property
Water tends to vary from 18-20 baht per unit.
Rent/ property prices are dependent on size and location.
To register a Thai company, the minimum capital requirement for a Thai majority shareholder company (limited) is 2 million Baht, with a government set up fee of roughly 7,000 Baht. If you have a Thai spouse, this requirement is reduced to 1 million Baht.
Can I own 100% of my Thai Company?
There are several types of corporations and partnerships that you can set up. J & E Concierge can guide you through this process. The type you choose should depend on how much you are investing or how well you know the people you are getting into business with. Remember, foreigners are not allowed to own 100% shares of any business in Thailand.
The most popular way to start a business in Thailand is to register a business under a Thai person.
However, the “Thai partner” by law must own 51% of the company which makes him or her the majority shareholder.
There are exceptions to this rule:
The exceptions for majority foreign ownership a Foreign Business License from the Ministry of Commerce.
Board of Investment (BOI) Promotion, on the basis of very large investments of money, very large numbers of Thais employed, and/or exceptionally strategic transfer of technology to Thais.
Registration through the Treaty of Amity (for US citizens only) a special agreement between the USA and the Thai Kingdom that allows American companies or entrepreneurs to maintain a majority of shareholding or full ownership of a company in Thailand.
Can I employ staff and work in my own business?
As a business owner you are not allowed to work in your company without a work visa, you cannot even do volunteer work without the proper papers. Once you have set up your company J & E Concierge can help you obtain a work visa.
You can stay on your business premises and have your Thai partner delegate, you see a lot of this with foreign owned bars, however your not physically allowed to help out.
You can employ Thai staff, but if you want to hire a foreigner the eligibility depends on registered capital. Two million Baht will enable you to employ a foreign national, and a further 2 million Baht per person is required up to a maximum of 10 people.The company may hire 1 foreign worker for every 5 million Baht paid in tax.
Company Registration is one of the first things you need to do to get your new business started in Thailand.
Thailand has many foreign companies doing well, especially in Pattaya, but the one thing that is evident is that, the businesses’ that have survived over the years are the ones that do everything above board.
Business owners that respect the culture, take time to learn the language, have trustworthy partners and the best legal advice can thrive in Pattaya.
Get in touch with J & E Concierge today to find out exactly which services would benefit you.
What visa would I require to start the process of starting a Thai company?
To enter Thailand with the purpose of doing business, you will require a non-immigrant ‘B’ (business visa). This makes you legally eligible to conduct business activities in Thailand, and that includes prospecting to set up a company.
Anyone can apply for this particular visa at a Royal Thai Embassy or consulate in your home country.
Obtain a Foreign Business License
A Foreign Business License can be loosely understood as a Work Permit for companies. Just as foreigners in Thailand can only engage in certain occupations and are required to have a Work Permit to be able to work, foreign companies can also operate merely in the selected categories and need an FBL.
This way, the Thai government can control the influx of foreign businesses into the country and thus protect Thai nationals and their interests.
What about tax? What will I pay?
Corporate Income Tax (CIT) is a direct tax levied on a juristic company or partnership carrying on business in Thailand, or not carrying on business in Thailand but deriving certain types of income from Thailand.
Tax will be withheld on interest paid to associations or foundations at the rate of 10%.
Royalties paid to associations or foundations are subject to 10% withholding tax.
Government agencies are required to withhold tax at the rate of 1% on all types of income paid to companies.
Can I hire foreigners to work in my company?
Eligibility boils down to registered capital, as mentioned above. Two million Baht will enable you to employ a foreign national, and a further 2 million Baht per person is required up to a maximum of 10 people.
Also note that the company may hire 1 foreign worker for every 5 million Baht paid in tax.
What is a Nominee Shareholder & a Majority Shareholder?
When setting up a company in Thailand is discussed, the term “Nominee Shareholder” often comes into the conversation. In Thailand a nominee shareholder is a shareholder ‘in name only’, thus does not have any substantial financial stake or interest in the proposed company.
In short, avoid setting up a company in the name of your partner or someone you’ve only met a handful of times in a bid to quickly get started – this may come back to bite you.