OUR TEAM WILL HANDLE ALL NECESSARY PROCESSES
Here in Thailand, setting up a Thai Limited Company is the most popular approach for businesses and organizations to foreigners looking to do business in Thailand due to its flexibility. This form of entity is similar to a Limited Liability Company (LLC) in the United States or a Private Limited (Pte. Ltd.) in Singapore. To create a Thai Limited Company, you will need to have at least three shareholders while being managed by at least one director. As this is just a requirement, the shareholder's participation in the company can be limited by the decisions of the directors as they are ultimately responsible for managing the company’s affairs.
Once creating a Thai Limited Company, you have the option to decide whether you would like it as a Thai majority-owned company or a foreign majority-owned company. This will be determined based on the percentage of shares split across the shareholders of the company. At Pim accounting, we can take the initial step for you by handling all documentation and communications with the government to allow a smooth process.
If you would like a Thai majority-owned company limited, Thai nationals must own at least 51% of shares in the company. With the majority of the shares being Thai, a Foreign Business License (FBL) will not be required. It is important to note that a Thai majority-owned company will generally not encounter restrictions.
If you would like a Foreign majority-owned company limited, Foreign nationals must own over 51% of shares in the company. All business operations and activities as a foreign majority-owned company are governed by the Foreign Business Act. This will require the company to obtain a Foreign Business License before commencing any operations in Thailand.
Koh Samui or Samui Island is one of the largest islands in the Gulf of Thailand. The Fullmoon Party is world-famous, which bring many tourists around the world on Phangan Island, which is 50 mins away from Samui Island by taking ferry boat. The beverage signature of this island is 'bucket'. It consists of Sangsom or Hong Thong mix with a bottle of Red Bull and ice.
Koh Samui is well known for white sand, clear blue waters and coconut trees on the beaches as the perfect representation of a tropical coastline. Each beach in Koh Samui is unique, you can find busy beaches like Chaweng as some other with isolated atmosphere like Choeng Mon. There are a good number of 4 to 5 stars hotel on Koh Samui such as Amari Palm Reef Koh Samui, Anantara Bophut Koh Samui Resort etc. There, you can just relax and drink some cocktails in front of the sun set.
OUR EXPERTS PROVIDE SERVICES FOR THE BOI SETUP
The Board of Investment or BOI Thailand is another popular option that is recommended to all foreign businesses here in Thailand. The BOI itself provides investment incentives for both foreign and local entrepreneurs that are interested in investments within the country. This popular form of business has formulated a list of criteria for projects applying for incentives and privileges. In order to be eligible for a BOI certification, there is a list of categories that your business will have to fulfill.
With Pim accountings services and connections with the BOI, we can provide full guidance and set up for you without falling into complications. You can now contact us directly to request for consulting on this matter with one of our experts to guide you on the process of receiving a BOI certification.
WE PROVIDE ALL SERVICES FOR COMPANY SETUP IN THAILAND
Company Registration in Thailand has been and is continuing to be in increasing demand as a result of the growth of the country’s economy over the years which has attracted investors around the world to make their way to Thailand to maximize the return of investments. At Pim accounting, we offer a full range of services for company registration whether it is Thai majority or foreign majority-owned.
Pim accounting is becoming well known in the market for providing the highest standard of quality service in company set up guidance without high costs. We are essentially a concierge, one-stop-shop service, with dedicated account managers to answer all of your questions and provide full transparency as they liaise with Thai government authorities on your behalf. Your time invested throughout the whole process will take as little as a few hours.
The central business district (or CBD) of Bangkok is often referred to as an area with the highest commercial activity, such as office buildings, retail centers, and hotels. This is the area that lies within Sathorn and Silom, Ploenchit Wireless, Rama I. Lumpini, Rajdamri, Asoke and Sukhumvit.
Bangkok's Central Business District, also known as the commercial, leisure, and business center, is made up of stunning skyscrapers that house leading local and multinational companies such as BakerTIly, Mazar, B Accounting, PWC Thailand, . It also boasts modern infrastructures and a vibrant atmosphere. These all helped to make Thailand's capital one of Asia's most impressive metropolises.
Although no geographical boundaries have been established for the surrounding areas of CBD, it is often divided into three key neighborhoods: Early - Sukhumvit, Wireless Road/Lumpini and Silom/Sathorn. These latter two neighborhoods made up the original CBD. They were prominent in the late 1980s/early 1990s.
Thai Limited Company Setup
1. Company registration in Thailand
1.1 Name reservation. You can provide 3 names: the desired name for your company along with two alternative names.
- Submission by yourself to Thailand’s Ministry of Commerce.
- Submission via www.dbd.go.th to Thailand’s Ministry of Commerce.
1.2 Registration of a Memorandum of Association (MOA)
The MOA is a document which provides the names and personal information for all of the company’s shareholders, registered capital, the company’s address and intended scope of business activities.
1.3 Convention of a Statutory Meeting
Meeting all shareholders to make all the appointments and to set up the company officially.
1.4 The Ministry of Commerce will issue the company certification, a list of shareholders and company articles of association.
2 Tax registration: all documents associated with the registration of the company must be submitted to the Revenue Department.
3 VAT registration: after getting a Tax certificate, you can apply for a VAT certificate from the Revenue Department.