Set Up a Company in Thailand |
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There are many incentives for investors who wish to set up a company in Thailand. Investors wishing to set up a company in Thailand can benefit greatly, as a properly-structured Thailand company is a legal way to conduct business in Thailand and internationally. The following information will help you determine whether it is in your financial interest to set up a company in Thailand. For many investors interested in gaining access to Thailand and the region, a Thailand incorporation is the optimum solution to meet your business objectives. |
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Advantages for Investors Who Wish to Set Up a Company in Thailand |
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| 1. | Investors who set up a company in Thailand gain a legitimate way to conduct business in expanding Asian markets, and has no minimum capital requirements. |
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| 2. | Thailand's Board of Investment (BoI) provides a range of incentives to investors who set up a company in Thailand. For more information, kindly refer to Thailand company incorporation. |
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| 3. | Thailand has signed double taxation treaties with almost 54 countries around the world to support investors who set up a company in Thailand. |
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| 4. | Thailand is a world-renowned tourist destination, as evidenced by Travel + Leisure magazine's World Best Awards readers survey. When asked which city in the world provided the best tourist experience, the magazine’s readers voted Bangkok as the best in the world. Setting up a company in Thailand enables entrepreneurs to capitalize on Thailand’s world-class tourist economy. |
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| Disadvantages for Investors Who Wish to Set Up a Company in Thailand | |||||||||||||||||
| 1. | Thailand's military government has proposed changes to the country's Foreign Business Act (see a related article here) to restrict foreign ownership of Thai companies. |
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| 2. | Every Thai private limited company must have at least three shareholders, none of whom can be corporations.
Also, all companies must keep a shareholders register. |
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| 3. | Thai companies are obliged to submit annual tax returns and audited financial statements following the set up of a company in Thailand. |
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| 4. | Under existing Thailand company formation law, a company must pay corporation tax of up to 30% on all income. However, some types of Thai company are entitled to a rate reduction. |
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| Healy Consultants Fees for investors who wish to set up a Company in Thailand | |||||||||||||||||
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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Contact Us |
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For additional information on how to set up a company in Thailand, email 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
