Category: Law & Tax System

Steps to Register your Company in Thailand

In the past few years, we have witnessed an increase of global brands, business owners and foreigners start a business in Thailand. Why? Well, Thailand is ranked the second-largest economy in Southeast Asia. The economy continues to show promising growth for 2021.  A Limited Liability Company is the most...

How to change your Registered Office / Business Address?

When company owners choose to change the registered office or business address of the Thai company, an important distinction is made between changes that take place in the same province compared to those changes that involve moving the company to a different province in the country. Some business owners may...

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...

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...

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...

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...