It is important to properly dissolve a company after its business operations have ceased or if the company is no longer active in Thailand and in most countries. Properly dissolving a company involves completing a series of legal, financial, and administrative steps to wind down its operations, settle its affairs, and terminate its legal existence….
A shelf company, also known as an aged or dormant company, is a pre-registered corporation that has been inactive or without any business activity. Such companies are commonly used by entrepreneurs and investors for various purposes. In this article, we’ll explore some of the benefits of using a shelf company. One of the primary advantages…
As the gov’t deliberate the new and tighter rules governing Cannabis related business, it’s time to rejoice. Most harsher law has been rejected by the stronger party and now it is easier than ever to start your own Cannabis Shop (retail) and Cannabis Cafe (selling food and non alcoholic drinks) What is more interesting we…
As a foreigner, you are generally not allowed to own land in Thailand. However, there are a few options available for foreigners who want to own property in Thailand: It is important to note that these options may not be suitable for everyone and each has its own set of risks and considerations. It is…
What do we mean by made easy for foreigners? As you may already know there are several ways to incorporate your business in Thailand and the most common and affordable approach to this is to register your business as a Thai Limited Company (whereby majority shareholders (51% or more) are owned by a Thai National…
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Are you planning expanding your business or launching a new venture?
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Businesses are ordered to close once again. Employees are left without work and pay. Business owners are suffering from loss of income while fixed expenses continue. This is our 3rd time facing this situation and probably won’t be the last. Thailand and many other countries are facing its most serious COVID-19 cases explosion and almost…
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 common choice for foreigners because it…
Since the start of COVID-19, many businesses have been struggling to take off or even properly startup. Now yet again, a new wave of COVID-19 begins to arise, and many may seem hesitant to invest in a new starting a new company. According to the PR Thai Government, the following measures should be taken when…
The most common approach is to purchase a flight ticket, land in Thailand, and get a stamp for 30 days Tourist Visa and then you’ll go on a ‘Visa Run’ to the neighboring countries and return to Thailand and get another 30 days and so on and so forth. However as this article is written…
Choose the legal form There are several main types of companies and the process starts by choosing a suitable one. These business forms include the ordinary and the limited partnerships, the public and the limited companies and the sole trader. Select the available name The name of the new company is important and it needs…
Protect Your Personal Assets Incorporating your business is one of the best ways you can protect your personal assets. A corporation can own property, carry on business, incur liabilities, and sue or be sued. Have Easier Access to Capital Raising capital is generally easier for a corporation since a corporation can issue shares of stock….
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….
