Set up a company in Pattaya

Set up a company in Pattaya

Most of the visitors who fell in love with the beauties of Thailand, try to do from Pattaya their new home, others also wondering how to Setup Company in Pattaya .

The idea of opening a business in Thailand has become very popular among foreigners, because Thai citizens are very friendly, the area being a tropical one, the sun and the atmosphere, make Pattaya one of the most frequented places for tourists, and as the country continues to industrialize, it is also known as a remarkable example of an economic success.

When a foreigner wants to Setup Company in Pattaya , it is worth noting, that they can not own a percentage of shares that exceeds 49%, meaning that any of foreigners decided in this direction must have at least one Thai partner, the only exceptions being certain areas, where there is a possibility that a foreigner holds a higher percentage, when his business is governed by the Foreign Business Act.

But keep in mind that, when you Setup Company in Pattaya you need to get a special license containing documents and papers in Thai language and also your work permit, without it you will not be able to start any activity in Thailand.

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The business visa which you will need to request, can not be immigrated, may be requested by the embassy of the country of origin, or Thai consultants.

Another question frequented by foreigners who want to Setup Company in Pattaya is what kind o business they can start, and what would be the necessary costs.

The most popular form your company can take is Thai Limited Company, which is likely to be one of your preferences, giving you the benefit of operating in a category of Thai citizens, requiring small capital and offering at the same time, the right to obtain the visa.

Now you have to know what the requirements and documents are when you decide to Setup Company in Pattaya.

-When the company is set up, you need two copies of your identity card and house register of each shareholder.

-You still need 3 copies of house register of the Company address (only if the space you need for the activity is leased).
-3 Copies of Personal ID from each director
-When the company is set up, and you as a foreigner hold more than 40% of the shares, you must send a bank statement every 6 months for each shareholder.

Thailand offers always support people who come with company incorporation services and good ideas, they have contributed to the country’s economy.

To set up a Thai Limited Company, first, you have to decide on the name that your company will carry, and it must be written in Thai and English
You must already have set your business goals and a well-established plan.

Then, capital is required where the shares will be divided equally among all the company’s shareholders. Your business will need at least one director, minimum 3 promoters and an auditor.

This process may take several weeks, all documents requiring the certification of a lawyer, and most of the documents and forms are in Thai.

If you want to set up a Limited Partnerships, you need to know that this type of partnership is different from a Thai Limited Company, because in this case, the liability of a partner is limited, while the liability of the other is unlimited. Unlike any other Thai partnership, the Limited partnership must be registered. You can also set up a Representative Office, but your activities in this form of society will be limited.

For example, you can not report the business move to Thailand, you will not be able to provide advice on products sold to customers or distributors, you will not be able to inspect or control the quality and quantity of goods that are already acquired or are going to be manufactured in Thailand, and you will not be able to enter information about new products or services.

Remember that, when you Setup Company in Pattaya  you can choose to set up the Branch Office type or corporation, this debt flows from the Thai business will not be limited here, will be expanded to foreign headquarter.

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Last updated on: 18.08.2019 – 7:11

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