Thai Limited Company

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

Registering a Thai Company in Pattaya

Complete the form to send a request to J & E about our thai company registration services. Alternatively use our Messenger service chat or call us.
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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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2019-11-26T15:06:50+07:00
Last updated on: 13.07.2020 – 6:56

10 Comments

  1. Riffle May 3, 2019 at 2:13 pm - Reply

    Hello there, i heard something like shareholders must pay a procent of their share capital, it is true?

    • J&E Concierge May 4, 2019 at 11:31 am - Reply

      Yes Riffle, it is true, please feel free to contact us and we will help you with everything you may need.

  2. HuardAntonio April 5, 2019 at 1:22 pm - Reply

    How hard it is to open a company here? And also can a foreigner open a business in Thailand? Thanks

    • J&E Concierge April 6, 2019 at 11:52 am - Reply

      Hello there, we can provide you any information you need, and also help you open a company here even if you are a foreigner. Thank you

  3. Rover19 February 24, 2019 at 4:51 pm - Reply

    Do i need to open a bank account if i want to open a company in Thailand?

    • J&E Concierge February 25, 2019 at 12:15 pm - Reply

      Yes, you have to open a Thai bank account. We can help you with your company and also with the bank account. Please feel free to get in touch with us. Thank you

  4. Jack September 11, 2018 at 12:49 pm - Reply

    Where sould i send all documents for a company? Thanks

    • J&E Concierge September 12, 2018 at 9:50 am - Reply

      Hello Jack, we can help you send those documents, and all you have to do is to get in touch with us. Thank you

  5. Hudlle June 28, 2018 at 11:48 am - Reply

    Can anyone tell me what is the difference between a normal company or a limited company? Is there any difference?

    • J&E Concierge June 29, 2018 at 10:10 am - Reply

      Hello Hudlle, please feel free to contact us and we will provide you any information you need. Thank you in advance

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