Healy Consultants Compliance Team receives the required corporate and personal due diligence (click link) information from our Client; | 1 |
Our Client signs Healy Consultants Group PLC engagement letter and returns the original to our Singapore Head office. Our Client settles our fees; | 1 |
Our Client confirms by email the planned corporate structure and e-mails the required due diligence; | 2 |
For our Client, Healy Consultants Group PLC prepares a tailored detailed project plan (click link); | 2 |
Healy Consultants Group PLC supplies our Client due diligence re our temporary professional, passive nominee shareholders and directors and bank signatory; | 2 |
Healy Consultants Group PLC registers a national LLC with our temporary professional, passive nominee shareholders and directors and injects the paid-up share capital to a temporary multi-currency corporate bank account; | 3 |
Healy Consultants Group PLC registers our Client company for tax; | 3 |
The Thai bank supplies corporate bank account numbers to Healy Consultants Group PLC, while we act as temporary bank signatory; | 4 |
Our Client can inform customers and suppliers; issue invoices for selected products and services, sign legal contracts and hire local staff in Thailand. | 4 |
If required, Healy Consultants Group PLC will apply for i) a specific regulatory license and ii) an import export license; | 4 |
Healy Consultants Group PLC emails our Client a template customer sales invoice complying with local commercial laws and includes i) a company name and number ii) a company office address and iii) a corporate bank account number and iv) a tax number. Our Client can legally conduct business in Thailand; | 4 |
Healy Consultants Group PLC prepares and emails our Client the required documents to appoint them as directors and shareholders and bank signatory including i) the legal share allotment and legal share transfer ii) the change of company address and iii) the lease agreement in Thailand (if required); | 5 |
Our Client reviews and signs the documents in our Client’s country of residence and courier return the original to Healy Consultants Thailand office; | 5 |
Healy Consultants’ Group PLC and our Client attends a meeting with the Thailand bank to appoint our Client as the new bank signatory and submit the corporate bank package containing: - Signed appointment of bank signatory forms;
- Client’s passport copy and proof of address;
- Thailand company kit;
- Other Client due diligence.
| 6 |
Following a review of the corporate bank account signatory change application, the bank(s) may revert to Healy Consultants for additional information. Healy Consultants and our Client provides the same in a timely manner; | 6 |
There is a 50% chance that the bank will ask the new bank signatory to travel for a one-hour interview. As always, Healy Consultants will aggressively negotiate for a travel exemption, asking the bank to just perform a Skype or phone conversation with the bank signatory. Depending on Client nationality, sometimes we are successful and our Client does not have to travel to Thailand; | 6 |
The bank approves the appointment of the new bank signatory and will courier internet banking documents (login, password etc) to Healy Consultants office or to our Client directly. If sent to us, we will activate internet banking on our Client’s behalf; | 7 |
If required, Healy Consultants Group PLC will apply for a Foreign Investment Approval Certificate within 6 additional months; | 7 |
The Thai Authority issues the amended i) Certificate of Incorporation ii) Memorandum and Articles of Association, showing the new shareholder, company name, business activity and charter capital; | 7 |
Immediately after, Healy Consultants Group PLC emails our Client the i) Certificate of Incorporation ii) Memorandum and Articles of Association showing the appointment of the new foreign shareholders and directors; | 7 |
Healy Consultants Group PLC will courier the following to our Client: - Company kit containing original Thai corporate documents;
- The banking kit;
- Healy Consultants Customer Satisfaction Survey;
| 8 |
Healy Consultants Group PLC successfully completes our Client’s engagement. | 8 |