| Our ranking in order of preference | 2 | 1 | 3 | 4 |
| Summary | | | | |
| What government regulatory licence required? | Charity | Grantmaker | Foundation | Association |
| Maximum % of foreign ownership to secure non-profit status | 1 | 1 | 0.49 | 0.49 |
| Charitable activities to benefit locals of the country (partially/fully/not required) | Yes, fully | Yes, partially | Yes, fully | Yes, fully |
| Preferred holding structure for subsidiaries in South East Asia | No | No | No | No |
| Minimum paid up capital required to secure non-profit status | S$1 | S$1 | 250 – 500,000 THB | 1 THB |
| Can entity distribute funds to international commodities projects ? | Yes | Yes | Yes | Yes |
| Properly structured, is the entity legally exempt from corporation tax? | Yes | Yes | Yes | Yes |
| Probability the directors or bank signatories must travel during engagement | 0.75 | 0.75 | 1 | 1 |
| Can the Asian structure hire local and expatriate Staff? | Yes | Yes | Yes | Yes |
| Are local office premises required? | Yes | Yes | Yes | Yes |
| How soon can our Firm supply company incorporation number? | 1 week | 1 week | 4 months | 4 months |
| How soon can we supply corporate bank account numbers? | 3 months | 3 months | 1 month | 1 month |
| How soon can we supply charity (or equivalent) certificate? | 6 months | 6 months | 1 year | 1 year |
| Total business set up fees, including government costs | US$38,950 | US$28,950 | US$32,950 | US$32,950 |
| Non-profit registration requirements | | | | |
| Recommended type of business entity to secure non-profit status | PLG | PLG | Foundation | Association |
| Legal company name will end with what term? | Limited | Limited | Limited | Limited |
| What government regulatory licence required? | Charity | Grantmaker | Foundation | Association |
| Maximum % of foreign ownership to secure non-profit status? | 100% | 100% | 49% | 49% |
| Charitable activities to be rendered to locals? (partially/fully/not required) | Fully | Partially | Fully | Fully |
| Minimum amount of paid up capital required to secure non-profit status? | S$1 | S$1 | 250 – 500,000 THB | 1 THB |
| Resident country citizen director or trustee required to secure non-profit status? | Yes, 2 | Yes, 1 | Yes, 1 | Yes, 1 |
| Grants received from EU authorities subject to tax in Thailand / Singapore? | No | No | No | No |
| Public disclosure of fund-raising information? | Yes | Yes | Yes | Yes |
| Statutory audit of financial statements required? | Yes | Yes | Yes | Yes |
| Our Client’s team can be sole foreign directors? | No | No | No | No |
| Local resident company agent/secretary/accountant required? | Yes | Yes | Yes | Yes |
| By when will our Client be ready to receive donations from EU governments? | 2021 | 2021 | 2021 | 2021 |
| Legal & accounting and tax considerations | | | | |
| Properly structured, is entity legally exempt from corporation tax? | Yes, for donations | Yes, for donations |
| Frequency of government regulatory reporting | Annual | Annual | Bi-annual | Bi-annual |
| Can entity use donations to finance international agri-projects? | Yes | Yes | Yes | Yes |
| What withholding tax when transferring US$1 million profit back to Netherlands? | 0 | 0 | 7%-15% | 7%-15% |
| What withholding tax when transferring US$1 million profit back to Hong Kong? | 0 | 0 | 7%-15% | 7%-15% |
| Must file annual financial statements by what date (for December year-end)? | 30 June | 30 June | 31 May | 31 May |
| Must file annual corporation tax return by what date (for December year-end)? | 30 Nov | 30 Nov | 31 May | 31 May |
| DTA and information sharing agreements signed with Netherlands? | Yes | Yes | Yes | Yes |
| DTA and information sharing agreements signed with Hong Kong? | Yes | Yes | Yes | Yes |
| What charitable activities allowed under this entity? | (Click link) | (Click link) | (Click link) | (Click link) |
| Is charity insurance available in this jurisdiction? | Yes | Yes | No | No |
| Limited liability for shareholders? | Yes | Yes | Yes | Yes |
| Banking considerations? | | | | |
| Our preferred multi-currency corporate bank account location | Singapore | Singapore | Thailand | Thailand |
| How long to secure corporate bank account approval? | 3 months | 3 months | 1 month | 1 month |
| Probability our Client needs to travel for corporate bank account opening | 0.75 | 0.75 | 1 | 1 |
| Do we recommend to secure bank account numbers with local HSBC branch? | Yes | Yes | No, TMB | No, TMB |
| Corporate bank account opening fees payable to the bank? | TBC | TBC | 20,000 TBH | 20,000 TBH |
| Overseas remittance currency controls when repatriating funds to EU | None | None | Only for THB | Only for THB |
| Corporate bank account can receive donations/grants/consultancies? | Yes | Yes | Yes | Yes |
| Minimum deposit to maintain in corporate bank account | US$1 million | US$1 million | 20,000 TBH | 20,000 TBH |
| Bank charges on incoming/ outgoing funds transfers? | | | | |
| Legalisation, attestation and notarisation of parent co documents required? | Yes | Yes | Yes | Yes |
