Limited company registration
Thailand it’s a great country if you want to open a business or invest in, that’s why foreigners are attracted to this country.
Before starting the opening process of your new company, do your homework and make sure you are ready to commit a few years to live and of course, growing your company in Thailand.
The most popular choice for all foreigners who want to open a business in Thailand is a Limited company.
Complete the form to enquire about Registering a Thai Company in Pattaya
Do it by yourself?
A Limited Company in Pattaya allow shareholders to hold a limited amount of unpaid shares that they hold. The directors of this company may also apply to obtain work permits.
The process for your Limited Company registration includes the following:
Firstly, the memorandum containing at least 3 people who will sign for it should be prepared, within 3 months of receiving the share value, the director must register as a company.
All you need to know about registering the memorandum:
1. The company name must be specified(the one you already reserved)
2.The location of the headquarters.
3. The objective of the company must be specified.
4. The share capital must be divided, each share having the same value(at least 5 Baht)
5.The number of shares that people have already started to reserve their company to buy their shares, age, name, and occupation.
6.The age of the twp witnesses their name and age.
The qualifications that promoters need to have:
-Is not allowed to be a juristic person.
-The minimum age is 12 years.
-Must buy at least one action.
The next step you have to follow is the establishment of the new limited company registration.
To continue, you need to take the following steps:
– When they sign up for a company name, those open their company or company director, request the name reservation to check if that name is duplicated or already belongs to other companies.
– When booking the name, the registration document will be required within 30 days using the personal name reservation.
-You can purchase the required application and form from the Department of Business Development or from any other business development office in the province.
– The registration needs the application for registration and other annexes for examination.
-According to the officer’s order, you have to pay a fee.
– After all, you will receive the registration.
In Thailand, all companies must be registered for tax purposes.
Once officially registered, companies can open a corporate bank account.
More and more
Before opening a bank account you need to know what bank and branch you use, what kind of accounts the company has and who will sign it.
In accordance with the documentary forms and conditions provided for the process, the company and the memorandum will be registered with the business development department.
Once a month, the Limited Company must prepare a financial statement where at least one auditor should verify the statements each year.
The shareholders meeting must approve the financial statement within 4 months of the end of the financial evaluation of the company and then must submit the statement to the Department of Business Development within one month.
After 6 months from the date of the registration, the shareholder must have an annual meeting, and the others must be planned at least every 12 months.
New limited company registration can bring you great satisfaction and also to your shareholders.
Do not be afraid to open a company, trust yourself and you will surely succeed.