Open a Thai company
Both large and small businesses are encouraged by governments because they contribute to the country’s economy, hire their citizens, and last but not least, all taxes are paid. Opening a Company in Pattaya it is the best for everyone who wants to start a new chapter here.
Because of these reasons, you can have many benefits when you decide to open a Company in Pattaya your business is legally registered.
However, when a foreigner opens a Thai company, he has some restrictions in terms of the company.
Your Company in Pattaya will need to have the form of a partnership between you and one or more Thai citizens who own most of the shares, but there are also ways to maintain control of the company, you being foreign.
Before starting the process of a Thai company formation, you need to know which field of activity you can choose, then make a decision as to what you are looking for.
When you are ready to implement all the things necessary for a Thai company formation, you need to know exactly what you will be asked for.
Complete the form to enquire about Registering a Thai Company in Pattaya
The most used business structure in Thailand is a private limited company, meaning that a foreign investor who is determined to start a business here, must start bu setting up a company.
Each shareholder has limited liability to the unpaid part of the shares held, the company is administered by the board of directors.
The process of a Company in Pattaya formation may take between two and six weeks, depending on the dexterity of the promoters and the type of intentional activities.
The first thing you have to do when you decide to open a Company in Pattaya is to choose a name that will characterize you and will bring benefits to your business.
You have to take into account that the name is always written in the Thai language, and when the pronunciation is made by you or your clients, it might sound a little different. Indicated it would be that you write your name in Thai, then check and make sure the pronunciation is satisfactory. One of the rules which applies when you decide to open a Company in Pattaya is that the company must have at least 3 shareholders in order to be able to register it.
When your company is owned by more than 49% of foreign citizens, you need licenses and permits in accordance with the Foreign Affairs Act. About the promoters I mentioned earlier, those who will register the company, you must know that they need to meet the minimum age of 12 years.
When you have already begun the steps for your Thai company registration, you have to know that there is the possibility to set up your own director, and how many positions you will have to lead the company, but remember that you need at least one person to take the role of director.
The person who will hold the position of the director of your business will represent your Company in Pattaya and its shares and its signature will be required for the official actions performed by the company.
To continue the process of a Thai company registration, the file containing the Memorandum of Association, this being an agreement between the founders of the company containing, the name of the company that has already been approved, the place where the company will operate, its objectives, the capital value and the personal data of the promoters.
Another major component of Thai company registration is the statuary meeting that takes place on the same day as the registration of the company. In the process of registering a private limited company, the application for registration must be filed within 3 months by the directors, from the date of the statuary meeting.
When the company considers it necessary, the authority signing the accounts, this task may be given to other members or employees. When a Thai company is about to be set up, you need a stamp, which is created specifically for your company that will bear its name and logo, this being used for all records, bank documents and the rest of the business things. It is recommended to get 2 stamps, which will be used by the manager and accountant when the Company in Pattaya will be involved in more transactions.
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