Setup Limited Company
More and more often, many of foreigners who come to Thailand on holiday are becoming interested in all what this country does, and then, the question of how to setup a Company in Pattaya , being more comfortable than if you were working here like any other employee, this favors remaining at everybody’s appreciation.
We asure you that when you decide to open a Company in Pattaya, our team it would be here for you.
The Thai Limited Company, this being the most common type of company, is beneficial to any type of business you want to start with.
If you want to setup a limited company, you should keep in mind the following requirements and restrictions
-First of all, there must be at least 3 shareholders and at least 51% of the shares must belong to a Thai legal person, but, to keep in mind there are also small exceptions:
-Those companies set up by foreigners who hold US citizenship using the Amity Treaty.
-Companies set up under the support of the Board of Investment (BOI).
-Companies that only export products and services.
Complete the form to enquire about Registering a Thai Company in Pattaya
The first step is to book the company name, but you should keep in mind that the company’s name should not be similar to another company already registered in Thailand, and some names are not allowed. If you have any other questions about opening Company in Pattaya we are here for you.
When you setup a Company in Pattaya, after the name has been approved, all shareholders of the company must sign the Memorandum of Association by providing through it, the personal details of the company and information about your business.
When all the shares were already registered at the Ministry of Commerce, the next pass when you set up a Company in Pattaya is to organize the legal meeting and to pay 25% of the share capital.
The Ministry of Commerce will issue all the necessary documents for which the company is in a position to start work.
From the beginning of the operations when you set up a Company in Pattaya, within 60 days, the company must file an application for a tax identity card, also registering the company in the VAT system by receiving a certificate.
If you set up a limited company, you need to know that, there are a minimum of requirements for accounting and monthly tax, depositing social funds, and a half-yearly and annual report, including the annual profit statement.
For each business, there are certain licenses to be obtained.
Your Company in Pattaya must have Thai employees, and they need a work permit just as you need, they also need to be registered in the Social Fund System and you need to pay a 3-month fee.
When you set up a limited company, you must know that this Company in Pattaya must hold two million Baht as social capital, and as we said earlier, 4 employees and work permit for each one.
The last requirement that you need to do when you Company in Pattaya , is to open a bank account for the company, for which the bank will request a meeting of all company directors and shareholders to open the account.
For more questions about how to setup a business, implicitly a restaurant in Thailand, feel free to contact us whenever you feel the need, and our team of experts will be here to assist you.
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