Thailand Company Formation
Thailand company formation assists our clients to legally conduct business in Thailand. Despite political instability in the country, foreign investors remain keen on Thailand company formation. The following information will help you determine whether Thailand company formation is the optimum corporate structure to fulfill your international business objectives: |
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| Advantages of Thailand Company Formation | |
| 1. | Thailand company formation has no minimum capital requirements. Singapore company formation is simple and cost-effective. According to the 2008 Doing Business Survey by the World Bank, Thailand is the world's 15th 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 almost 50 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, kindly follow this link. |
| 4. | Thailand is a founder member of the Association of Southeast Asian Nations (ASEAN), thus Thailand company formation offers 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. |
Disadvantages of Thailand Company Formation |
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1. |
Thailand's military government has proposed changes to the country's Foreign Business Act to restrict foreign ownership of Thai Companies. Thailand fell from 63rd to 84th least corrupt system in the world, according to the 2007 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 54th freest economy in the Heritage Foundation’s 2008 Index of Economic Freedom, a measure of freedom enjoyed in business, trade, monetary, financial, investment and labour markets. |
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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. 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. |
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Thailand is poorly ranked as the world's 28th most
competitive economy in the
World Bank's Global Competitiveness Report 2007-2008. |
| Healy Consultants Fees for Thailand Company Formation | |
Thailand company formation costs in Year 1 range from US$11,000 to US$21,000 depending on corporate structure and range of professional services required. These fees include i) government License fees ii) registered office for 12 months iii) Company Secretary fees for 12 months and iv) international courier costs. To support Thailand company formation, Healy Consultants fees to act as Thailand resident director amount to US$2,100 (together with a refundable deposit of US$1,250). Company de-registration/liquidation costs amount to US$1,750. |
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| Other Information | |
| Refer to the menu to read more information on Thailand company formation: | |
| Related pages | |
Thailand company registration - outlines the process of company registration in Thailand. |
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Other services to support Thailand incorporation - information on the different services provided by Healy Consultants after company incorporation. |
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Thailand company set up - details company set up procedure in Thailand. |
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Thailand corporate bank account - outlines the advantages of a corporate bank account in Thailand. |
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Thailand business formation - a review of business formation procedures in Thailand. |
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Thailand business set up - information about business set up procedure in Thailand. |
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Incentives to Support Company Incorporation - benefits of incorporating a company in Thailand. |
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Tax planning in Thailand - information on the important aspects of tax planning in Thailand including the ways to minimise corporate tax. |
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Thailand FAQs - frequently asked questions about Thailand. |
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Interesting facts about Thailand - interesting information you may not know about Thailand. |
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| Contact Us | |
For more information on Thailand company formation, email  or call us in Singapore at (+65) 6735 0120. |
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| Back to Asia Pacific Company Incorporation page. | |
| Back to Home page. | |
Buy the Singapore chapter of Healy Consultants' Asia Business Set Up book for US$100, to order call +65 6735 0120 or e-mail info@healyconsultants.com
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