OPEN A NEW BUSINESS IN PATTAYA
Starting up your own company in Pattaya Thailand
Let the J & E Concierge Business Services Team in Pattaya ensure your new company gets off to a flying start.
If you’re considering opening a business in Thailand, there’s a lot to think about. Starting a business in Thailand can be a daunting prospect, but get it right and it can be a lucrative and enjoyable one.
The language barrier alone can make even the simplest of tasks like filling out forms so time-consuming.
There’s an abundance of opportunity in Pattaya, Thailand with so many restaurants bars and properties up for sale or rent.
Starting up your own company can give you the chance to chance to live, work and play in Pattaya.
We have listed some information on the requirements for opening a new business below, please feel free to contact our business start-up team with any questions you may have.
Accounting, Auditing and Book Keeping
J & E Concierge’s Accounting team, can take care of your bookkeeping and accounts, help you with licences, profit and loss calculations and help you with any legal requirements and insurances. We can sort out rental contracts on properties or land and help you out with buying a property to conduct your business in.
J & E can provide everything you need to run a successful business in Thailand and keep it going, leaving you time to think about the day to day running of your business and concentrate on making money.
J & E can help you register your business, notify the tax authorities you have a new company, notify the revenue department and obtain your tax ID for your business. When your business takes off we can also help if you need to register for VAT.
Thailand has labor regulations which you have to comply to as an employer, don’t get caught out! If you’re going to employ people in your business you need to be registered with the Ministry of Labour, J & E can help with this and advise you how much Thai staff you require as opposed to foreign workers and we can also arrange work permits for you and your staff.
The team at J & E Concierge Business services can take all of the requirements for you giving you peace of mind that everything is done, registered and legal, leaving you with the time to concentrate on growing your new venture.
J & E can help you choose which type of company start up is right for your business in Pattaya, whether it be as a Sole Trader, Partnership, Limited company or Public company or a Joint Venture.
Sole Trader: The sole trader structure, as elsewhere in the world, is intended for those looking to work alone. In Thailand there are some professions in which a sole trader is prohibited from working, specifically in banking and finance. By law only limited companies can do this type of work.
Partnership: A limited liability partnership is a popular option because it means that the tax and debt liability of any of the partners is limited to the amount of capital invested. There is a few options, an unregistered partnership means that you and your partners are jointly liable for any debts incurred. Your personal and business tax affairs are considered as one. A registered partnership, on the other hand, splits your personal and professional tax matters by registering your business as a separate entity. You’d still be liable for the full amount of any debt incurred.
Foreign National regulations
There is no general prohibition against foreigners carrying out business in Thailand. However, foreigners cannot engage in the following:
- Newspaper publishing, radio or television broadcasting
- Rice farming, arable farming or orchard farming
- Rearing livestock
- Forestry and the processing of wood from forests (naturally grown)
- Fishery, only in relation to marine life in Thai waters and the specific economic zone
- Extraction of Thai medicinal herbs
- Trading and auctioning of Thai antiques or antiques which are of historical value to the country
- Manufacture or casting of Buddha images and alms bowls
- Trade in real property