| Thailand Company Formation |
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Thailand company formation enables international entrepreneurs to legally conduct business in Thailand. Despite political instability in the country, Thailand company formation remains the key to doing business. The following information enables investors to determine whether Thailand company formation is the optimum corporate structure to fulfill international business objectives: |
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| Advantages of Thailand Company Formation | ||||||||||||
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Thailand company formation has no minimum capital requirements. Thailand company formation is simple and cost-effective. According to the 2009 Doing Business Survey by the World Bank, Thailand is the world's 13th easiest place to do business. The survey measures factors including business start up procedures, time, cost and minimum capital required to start a business. |
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Thailand has signed double taxation treaties with 52 countries to support Thailand company formation. A list of the countries can be found at The Revenue Department website. |
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Thailand's Board of Investment (BoI) provides a range of incentives to encourage Thailand company formation. For more information, follow this link. |
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Thailand is a founder member of the Association of Southeast Asian Nations (ASEAN), thus Thailand company formation offers virtually unrestricted access to a potential ASEAN market of 500 million people. |
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Healy Consultants will open a Thai or international corporate bank account to support Thailand company formation. Healy Consultants works with internationally recognised banks such as HSBC, Standard Chartered and Citibank to provide corporate bank account services. |
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Disadvantages of Thailand Company Formation |
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Thailand's military government has proposed changes to the country's Foreign Business Act to restrict foreign ownership of Thai Companies. Thailand is ranked 80th least corrupt country in the world, according to the 2008 Corruption Perceptions Index by Transparency International, a global measure of corruption amongst public officials and politicians. |
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Under existing Thailand company formation law, a company must pay corporation tax of 30% on all income. Thailand is negatively ranked as the world's 67th freest economy in the Heritage Foundation’s2009 Index of Economic Freedom, a measure of freedom enjoyed in business, trade, monetary, financial, investment and labour markets. Furthermore, Thailand ranks just 34th in the Global Competitiveness Report 2008-2009 compiled by the World Economic Forum. |
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According to the Thai Companies Act 1965, every Thai company must have at least seven shareholders, none of whom can be corporations. Because of this statutory requirement, Thailand company formation becomes more expensive if nominee shareholders are required. All companies are required to keep a register of shareholders, which is available for public viewing. |
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A Thai company is required to submit annual tax returns and audited financial statements following Thailand company formation. Healy Consultants assists clients efficiently and effectively to complete this annual statutory obligation. |
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| Contact Us | ||||||||||||
For more information on Thailand company formation, contact email@healyconsultants.com or call us at (+65) 6735 0120. |
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| Back to Asia Pacific Company Incorporation page or back to Home page. | ||||||||||||
Buy the Thailand chapter of Healy Consultants' Asia Business Set Up book, to order call +65 6735 0120 or e-mail info@healyconsultants.com
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