James &Partners Law Offices provides wide ranges of corporate services for Thai and foreign clients such as Limited Company Registration,  company’s name reservation include select business entities, Memorandum  Registration, Joining as a Company Promoter, one day registration, company promoter, company director, power of director, 25 % paid-up, Drafting  Article of association, TAX &VAT registration  for company, requiring for any business license(FBC,FBL ), dissolution, M&A. furthermore, we also assisted our  client in drafting reviewing any types of agreements,  and draft relevant legal opinion for our client.

Guideline for setting Limited Company in Thailand by James and Partners Law Offices
Steps for limited company registration under the Laws of Thailand

1. Corporate Name Reservation
The reserved name must not be repeatable or similar to name of other registered companies, which approved by the Commercial Registration Department at the Ministry of Commerce (“MOC”) before. After that, the approved corporate name must be registered within 30 days.

Note: Company name reservation must be done via Department of Business Development (“DBD”) website only the process should not spend time more than 30 minutes

2. Memorandum Registration
Under the Thai Laws, company must have at least 3 promoters to register memorandum of association
Company’s memorandum of association needs to mention these following details.
1) Name of company (reserved name) 2) Head Office’s Address 3) Objective of the company 4) Registered Capital for company 5) Name, address, age, occupation and number of promoter 6) Name, address of 2 witnesses

3. Share Reservation
After Memorandum registration, Promoter should buy the share or offer all shares to interested person to become company shareholder (under Thai Laws in limited company should have at least 3 shareholders). After all shares have been reserved, then promoter should arrange the statutory meeting within 7 days

4. Registering the establishment of a company limited
In statutory meeting there are vital parts for company should be scheduled the such as 1)Article of Association 2) Number of director and power of director (at least 1 director) 3) Registered capital 4) Total of Shares 5) Auditor 6) Types of share for company
After the statutory meeting, promoter should all turn over the business to the appointed director (director of company must paid up 25% for the total of shares).and director of company must register the resolution of the statutory meeting within 3 months otherwise the meeting will be void.

Note: In general, the memorandum and company registration will spend time no more than 9 days. However, if document are fully completed, MOA and company registration can be registered in 1 day

5. Registration Fee for Registration Company in Thailand

5.1 Memorandum registration Fee
Baht 500 for registration capital Baht 1,000,000

5.2 Company Registration Fee
Baht 5000 for registration capital Baht 1,000,000
Other fees for Company Registration

6. TAX & VAT registration
After registration, Company will have their own entity under Thai law, Company need to register Tax and Vat at Revenue Department Branch /District which the company’s head office has been located .

Corporate Tax: Businesses liable for income tax must obtain a tax I.D. card and number for the company from the Revenue Department within 60 days of incorporation or start of operations

VAT: Business operators earning more than 1,800,000 Baht per annum must register for VAT within 30 days of the date company’s sale income reach 1,800,000 Baht.

Assisting in all immigration matters for employees and employers including work permits, one-year visas and alien business licenses; preparing employment contracts; advising on issues relating to foreigners residing in and or doing business in Thailand.

Foreigners seeking a prolonged stay, or those coming to work in Thailand, should obtain non-immigrant visas for all family member prior to enter the Kingdom. There are several categories of non-Immigrant visas which include, among others, business visa category (B), dependent visa category (O), investment subject to the provision of the laws on investment promotion (BOI IB), diplomatic and consular visa category (D), performance of duties with the mass media (M), performance of skilled or expert work (EX), investment with concurrence of ministries and departments concerned or capital investment (IM), study or observation (ED) which Foreign nationals who intend to remain in Thailand to work or conduct business must comply with visa requirements in addition to obtaining a work permit by work permit which are valid for the period of the visa and have to be renewed every year and If foreigner want to come or out to Thailand. There must to apply re-entry visa too. By re-entry have 2 category is single re-entry and multiple-re-entry. In addition, foreigners residing in Thailand for more than 90 days are required to register their address with Immigration Bureau every 90 day.

Non-Immigrant visa are issued for the following purpose and duration:

• Diplomats or consular missions (duration as necessary)
• Official missions (duration as necessary)
• An investment which has received authorization from the appropriation government authorities (2 years)
• Investment or other business in connection with investment under the Investment Promotion Act (as determined by the BOI)
• The controller or crew of a conveyance entering a port or other locality in the Kingdom (30 days)
• Work as a skilled laborer or specialist (1 years)

In response to feedback from investor, the BOI coordinated the establishment of a One-Stop Service Center for Visas and Work Permit, Through joint cooperation with the Immigration Bureau and the Ministry of Labour.

One Stop Service Center at 18th fl, Chamchuri Square Building Phayathai rd, Phathumwan, Bangkok 10330, Thailand

Immigration Division 1 Office at Chalermprakiat Government Complex, Chaengwattana Rd, Laksi, Bangkok 10210, Thailand

Immigration offices throughout the country.

Department of employment of Ministry of Labour at Mit Maitri Rd, Din Daeng, Bangkok 10400, Thailand

Department of employment at any provinces of Thailand.

ON LINE CONSULTATION / QUESTIONS/ COMMENTS

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