At least one foreign shareholder and one Thai partner are required to register a limited company in Thailand. Thai company formation fee start from Thb 35000 to Thb 40000. Incorporation process is completed within 10 working days. Hire 4 Thai staffs in order to hire one foreign employee or foreign director (business owner). You might in search to know required paid up capital to start a business.
Connect to the consultant, Ms. Harshita over WhatsApp +66804056304. Click here for more Registration fees, process and time. Our office start from Monday to Friday 9 am to 5 pm (Bangkok time). Address: Sio 25 sukhumvit, 10110, Bangkok.
|
Services |
Particulars |
Average Fees |
|
Registration (one time) |
Prepare memorandum & article of association, lodgement, share subscription, & certify copies of the documents |
35000-45000 |
|
Company seal |
Prepare a common seal |
2000-3000 |
|
Power of attorney |
Preparing the paperwork for the lawyer's appointment as well as the rights and laws |
1000-2000 |
|
Virtual office (monthly / quarterly) |
A commercial office address is required for the registration either it is through Dbd or Boi |
3000-5000 |
|
Vat registration (one time) |
Vat registration within next 60 days after formation a company. |
8000 |
|
Bank account open |
Work together with banks to organise documents and move forward with opening an account. |
2000-3000 |
|
Government fee |
Pay it to Dbd or Boi for the registration service |
9000 |
|
Representation (for 6 months) |
Local sponsor or partnership |
18000-20000 |
| Translation | English to Thai | 2000-3000 |
| Documents shipment | In case of courier the documents to overseas | 2000-3000 |
Contact us for a breakdown of the given fees segment. The entire package, including administration and all expenses, costs Thb 60,000–82,000 in total. We will discuss the below 4 important points for the foreigner:
The company's incorporation process is anticipated to take 9–10 working days after the lawyer from S & F Consulting Firm Co. Ltd. (Bangkok office) receives the original signing documents. The processing time for a Thai company's incorporation begins when the directors' original signed documents are received. On the other hand, a bank account can be opened hassle-free in just one day.
In the event that 5 million Thb is invested, the remaining 50% must be kept in a Thai bank as evidence of the investment to register a company. If less than 5 M, there is no need to inject capital and maintain balance.
Yes, a commercial address is needed for registration a LLC in Thailand for foreigner and local citizen. You can take address service from us for temporary basis or long period as your need by raesonable price. Monthly fee THB 2000 only for engagement of business address service in the commercial place, in prime location of Bangkok city.
As name is an identity of a company that must be meaningful and usually 3 names are requested to propose by the foreign director. Sample of buisness name as like as S & F Consulting Firm Co. Ltd.
A registered name is valid for thirty days only and never extend unless re- apply before expiry.
Contact to Ms. Harshita for more clarification:
For the formation a company, two foriegn shareholders and at least one local or foreign director are required. A local Thai shareholder will hold a number of shares that can be transferred back to the company after a certain of time, while a foreigner may serve as both a director and a shareholder. According to the consultant's recommendations, a foreigner can then own all of their company's shares after three to four months or later on.
1. Tax filing 2. Audit of the accounts and 3. Return submission to admistration. Expert of S & F Cosnulting Firm Co. Ltd. can asist to meet annual compliances as needful.
Income tax and VAT
Any company must apply for Corporate Income Tax ID within 60 days of incorporation or commence the business.
Bank account open
The directors must be present for signing on bank account opening form and it’s not allowed remotely to complete the work. And, account is opened in the same day without any delay subject to bank officer’s appointment.
Social Security
When a company hire one or more employees must register in Special Security (as like EPF) within thirty days of hiring 1st employee. Noted that, 6 months imprisonment of Baht 20k financial penalty if no application is made within 30 days in Thailand.
Current contribution rate is five percent whereas minimum wage is Bath 1650 and maximum wage is 15000.
Advantages of setting up a company in Thailand are:
Disadvantages of establishing a company are:
Foreign business owners regularly ask for a advisory about how to register a company and how we can assist with setting up a business in Thailand. Some people want to start their own business as new investors, while others want to expand their current business abroad (to Thailand).
Know them before start of a formation of a company:
If you like to register a private limited company may contact us.
Our office address
SOI Sukhumvit 25, 02 Quant building, Level 6, Khlong Toei Nuea, Watthana, Bangkok, 10110, Thailand.
Phone: +66804056304
