Forming a Company in Thailand |
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Despite political uncertainty in the country, forming a company in Thailand remains a legitimate way to conduct business in Thailand. Healy Consultants works with knowledgeable affiliates on the ground in Thailand to ensure that Thailand business set up is completed professionally. The following information outlines the benefits and disadvantages of forming a company in Thailand: |
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Forming a company in Thailand is a legal, effective way to conduct business in Thailand. |
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Entrepreneurs forming company in Thailand should note Thailand encourages foreign investment, especially in sectors which contribute to the development of skills, technology and innovation. Some of the incentives related to Thailand business set up include a relaxation by the government on limits on foreign shareholding in certain sectors, such as manufacturing. |
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Thailand's Board of Investment (BoI) provides a range of incentives to support Thailand business set up. Refer to Thailand company incorporation for further information. |
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Thailand has signed double taxation treaties with almost 53 countries around the world. These agreements may offer tax relief to investors following Thailand business formation. A list of the countries can be found at The Revenue Department website. |
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When forming a private limited company in Thailand, a minimum of three shareholders is required. The shareholders cannot be corporations. |
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Under Thailand business formation law, a company is required to pay a corporation tax of 30% on income sourced in Thailand and internationally. However, some types of company are entitled to a rate reduction. |
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Following Thailand company formation, all companies are required to keep a register of shareholders. |
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After forming a company in Thailand, annual tax returns and audited financial statements must be submitted. |
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Thailand business formation is time consuming and bureaucratic. However Healy Consultants ensures that forming a company in Thailand is as efficient as possible with the following procedures: |
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Before the Thailand business formation, Healy Consultants collects required due diligence from our client. |
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Before the Thailand business set up, our client settles our fees and signs Healy Consultants' engagement letter. |
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Before forming a company in Thailand, Healy Consultants provides our client with a detailed engagement plan which outlines a roadmap for the Thailand business set up process. | ||||||||||||||||
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Healy Consultants legally completes Thailand business set up with the correct corporate structure. |
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After forming a company in Thailand, Healy Consultants completes corporate bank account opening for our client. The bank account includes world-class multi-currency Internet banking facilities. One of our key Thailand business set up services, Healy Consultants can assist you to open a corporate bank account in Thailand without you having to visit the country. The account takes six weeks to open following Thailand business 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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After Thailand business set up, many clients request Healy Consultants assistance with accounting and taxation support. In addition to corporate structuring prior to business formation, we provide advice on minimising withholding tax, and can help with the preparation and submission of tax returns and financial statements. Our payroll and investments services are also a useful to investors after forming a company in Thailand. |
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After forming a company in Thailand, some clients request Healy Consultants Consulting Services, which may include advice on mergers and acquisitions, assistance with collecting business due diligence, internal audit support and business process re-engineering to support Thailand business formation. |
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To support Thailand business formation, Healy Consultants provides our client with Virtual Office Services including a local business address details for invoicing purposes, together with telephone, fax and email support. After Thailand business set up, some clients also ask us to find office space in Thailand. |
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Following Thailand business set up, some clients engage Healy Consultants to obtain corporate finance, trade finance and establishing merchant accounts on their behalf to support Thailand business formation. |
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After forming a company in Thailand, Healy Consultants can provide human resource support. This includes obtaining Thai employment visas for foreign staff, assistance with staff recruitment in Thailand, and assistance with payroll. |
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Our niche marketing services to support Thailand business formation include assistance with conducting market research, preparing business plans following Thailand business set up, and also helping coordinate media advertising campaigns. |
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Following Thailand business set up, some clients ask us to assist with business website building, search engine marketing, and stationery and logo design. Other IT support services available to support Thailand business formation include purchasing and configuring hardware, configuring office networks, and maintaining servers on behalf of our client. | ||||||||||||||||
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Most of our clients choose to relocate to Thailand following Thailand business set up. Healy Consultants offers real estate purchasing services, including i) assistance to obtain international mortgages ii) economic analysis iii) sourcing reliable property valuation services and iv) locating tenants. |
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Healy Consultants' Thailand business formation services are tailored to the exact needs of our client. If you require any additional services not listed after forming a company in Thailand, please contact us. |
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Following Thailand business formation, Healy Consultants emails an Engagement Feedback Survey to our client. |
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Contact Us |
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For additional information on forming a company in Thailand, e-mail us at email@healyconsultants.com or call (+65) 6735 0120. |
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Back to Thailand Company Formation page. |
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Buy Healy Consultants' Asia Business Set Up book, to order call +65 6735 0120 or e-mail email@healyconsultants.com
