Thai Limited Company
When travelers become fascinated by Thailand they start wondering if it would be good or not to open a new business here, others wondering how much it costs.
First of all, you will need to consider all the benefits of having a business here, but also those small disadvantages.
Beginning a business in Thailand is not as difficult as it would seem, just keep in mind all the requirements for company formation and doing things right you will certainly not be disappointed.
When you already have a strong idea, when you offer a large number of funds to support your business, and when your desire to understand the culture and mentality of this country is visible, Thailand is the place where you will always be supported.
You need to set a well-defined business plan, then you need to evaluate the objective after which your business will work.
Complete the form to enquire about Registering a Thai Company in Pattaya
What you need to know is that there are several types of corporations that you can access, each from depending on the capital you want to invest in your business, and of course, the relationship between you and people with whom you already have a business plan.
The best advice and the best way to start a business in Thailand is to get the company on the name of a Thai person, with a successful business in foreign capital.
When you’ve already found a partner and both of you are ready to open a new business, among the requirements for company formation, there is your partner’ obligation to take care of obtaining all the necessary licenses for your business.
Regarding the requirements for company formation, we will talk about the following.
-First of all the Memorandum of Association must be filed with the Ministry of Commerce.
-Shareholders have to pay at least 25% of their share capital.
-The next step of the promoters is to provide that they own at least one share in the company.
The requirements for a limited company are not very difficult and certainly very easy to fulfill.
What is a Limited Company in Pattaya? It is the easiest to handle and most popular among foreigners type of company.
The Limited Company in Pattaya must be held by at least 3 shareholders, 51% of shares belonging to a Thai legal person.
One of the requirements for a limited company, it to book the name of the company that you and your partners are ready to open, and the suggested name must be not similar to another company already registered in Thailand. Consider that certain company names are not allowed.
The second of the most important requirements for a Limited Company in Pattaya is the submission of the Memorandum or association, this action being carried out after the name of the company has been approved and will be signed by all the company’s shareholders by providing the individual details of each of them, and other business information.
All these documents must be sent to the Ministry of Commerce.
When the actions have already been reserved by the Ministry of Commerce, a legal meeting has to be organized, and the minimum 25% of the social capital must be paid.
Then within 60 days, the company must file an application for a card with a fiscal identification and register the company in the system TVA and receiving a TVA certificate.
Another aspect included among the requirements for a Limited Company in Pattaya is obtaining licenses according to the objectives of the current business.
The Limited Company in Pattaya must own two million Baht of capital, it must also contain 4 employees who will need to have a work permit.
The last step between the requirements for a limited company is the need to open a bank account assigned to the company
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