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Establishing Your Business in Thailand

Jul 23

If you are considering opening a business in Thailand, here are some tips to help you get started. These tips include information on the Thailand Board of Investment, Company Registration, and applying for a work permit in Thailand. After you read this guide, you'll be able to do all of these steps in a smooth and efficient manner. But before you get started, be sure to review the information below to make sure you're making the best business decisions for your company.

 

Company Registration in Thailand

If you want to set up a business in Thailand, you may wish to start with a limited company. Thai law requires companies to have a registered capital of 2,000,000 THB for each non-Thai. But this does not mean that you have to have that much money if there are only two non-Thais in your company.

Although there are some disadvantages to a partnership, you will find it easier to register than other types of companies. However, you should remember that a partnership cannot apply for work permits or use the name of the company for opening bank accounts. If you are interested in registering a company in Thailand, you should check whether you can register your company in a condominium or in a building. If your partnership does not meet these requirements, you can always register it as a partnership at any DBD office, which are conveniently located in central Bangkok. Once your company is registered, you can make any necessary changes to it at any branch of the DBD.

 

Thailand Board of Investment

Before setting up your company in Thailand, you must register with the Board of Investment in this country. You can find legal professionals who will help you register your business with the Board of Investment in Thailand. There are many advantages of registering with this board. Here are some of them:

Before registering with the BOI, you must prepare a project. The project must demonstrate the value of your company and what you plan to invest in it. You must also register with the BOI and the Department of Business Development and complete the approval process. If all of these steps are completed successfully, you will be able to set up your business in Thailand. Once you have the necessary documents in place, you can proceed with registering with the BOI and Department of Business Development.

 

Thai Work Permit Application

In order to open a business in Thailand, you need to apply for a Thai work permit. These are normally valid for a year, but maybe valid for a shorter period depending on certain factors, such as your employer's needs or your passport's expiration date. Once you have obtained your work permit, you must make sure that you renew it on time. If you do not, your business could be denied.

Before starting your business in Thailand, you will need to apply for a factory license and follow the rules and regulations on how to build a factory. The Factory Law of Thailand stipulates guidelines for factory construction, safety measures, and industrial pollution. Contact the Department of Industrial Works of the Ministry of Industry for more information. Different types of businesses will require different types of licenses and permits. To get started, follow the steps below to open a factory in Thailand.