Thailand Company Formation  
Location shot for Thailand company formation




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FEES SCHEDULE

Year 1 incorporation US$5,575*

Year 2 onwards US$2,900*

Nominee shareholders (7)
US$6,700 **

Company de-registration
US$3,450

*Fee depends on corporate structure and range of professional services required by our clients.

**Excludes US$2,200 refundable deposit.


Thailand invoice

Click on the logo above to review sample PDF invoice

 

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:
Advantages of Thailand Company Formation
1.
Thailand company formation has no minimum capital requirements. Thailand company formation is simple and cost-effective. According to the 2010 Doing Business Survey by the World Bank, Thailand is the world's 12th easiest place to do business. The survey measures factors including business start up procedures, time, cost and minimum capital required to start a business.
2.
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.
3.
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.
4.
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.
5.
Thailand's Board of Investment (BoI) provides a range of incentives to encourage Thailand company formation. For more information, follow this link.
6.
According to DTZ's 2010 Global Occupancy Cost Report, Thailand is the second cheapest place in the Asia Pacific region in regards to occupancy costs. Thailand, more specifically Bangkok has a total occupancy cost of US$23.20 per sq ft per annum; indicating that running a business would be substantially cheaper in Thailand compared to other countries in the region.
Disadvantages of Thailand Company Formation
1.
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 66th freest economy in the Heritage Foundation’s 2010 Index of Economic Freedom, a measure of freedom enjoyed in business, trade, monetary, financial, investment and labour markets. Furthermore, Thailand ranks just 36th in the Global Competitiveness Report 2009-2010 compiled by the World Economic Forum.
2.
Thailand's military government has proposed changes to the country's Foreign Business Act to restrict foreign ownership of Thai Companies. Thailand is ranked 84th least corrupt country in the world, according to the 2009 Corruption Perceptions Index by Transparency International, a global measure of corruption amongst public officials and politicians.
3.
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.
4.
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.
Contact Us
For more information on Thailand company formation, contact email@healyconsultants.com or call us at (+65) 6735 0120.
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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