Law & Tax System

BOI Promoted Companies for Tech / IT companies.

You may apply for investment promotion from the Board of Investment (BOI) if the nature of your business falls under one of the promoted activities, in which case you would be entitled 100% foreign ownership with the foreign business license (without the usual capitalization requirement) and would be permitted to bring in foreign skilled workers without having to comply with the general ratio of 4 Thai employees… Read More »BOI Promoted Companies for Tech / IT companies.

Visa and Work Permit Application Process – Thailand

The visa and work permit application process for a foreign national can be summarized into three steps as follows: 1. Apply for a 90 days single entry Non-immigrant B visa at a Thai Embassy/Consulate abroad once the company has been incorporated and registered for VAT with the Revenue department; 2. Apply for the Work permit from the labour department once the company… Read More »Visa and Work Permit Application Process – Thailand

Capital required to be able to hire / sponsor Work Visa ?

In the case that the company would be required to support a foreigner’s visa and work permit, the company must meet the following conditions: 1. Have two million Thai Baht in registered capital to support each foreigner’s work permit – this amount will not need to be shown in cash unless it exceeds 5 million Baht; 2. Register for VAT, after… Read More »Capital required to be able to hire / sponsor Work Visa ?

How can a foreigner own majority or 100% shares in a Thai Company?

There are 6 ways to achieve it, and the company must fall under one of the following categories: 1. Export or manufacturing company – if the company will only be involved in the manufacturing and/or export business, with no local trading, and where importing of goods (raw materials, machinery, etc.) are strictly for the purpose of manufacturing and/or exporting 2. American owned… Read More »How can a foreigner own majority or 100% shares in a Thai Company?

Step by step guide on Registering a Limited Company in Thailand (setting up a company in Thailand)

Once you understand the steps required to setup a company here in Thailand, it is not that difficult after-all. One main challenge that we noticed for foreigner is to accept that there will be some risk involve since you cannot fully own the company and may be dependent on a nominee to register your company. This risk can be mitigated… Read More »Step by step guide on Registering a Limited Company in Thailand (setting up a company in Thailand)