Thailand has enacted well thought out and robust economic policies to provide attractive incentives for Foreign Direct Investment in targeted industry sectors.
The primary Government agency promoting economic development to attract foreign business is the Thailand Board of Investments (BOI) through its initiative “Thailand 4.0” and “Eastern Economic Corridor project”. With great incentives and tax benefits offered for foreign industries, Thailand is targeting a flourish of investors to take advantage of that as they prepare themselves for global and regional competitiveness in the 21st century.
The Thai legal team of Startup in Thailand, with its deep understanding of the Thai Company regulatory framework, business environment, and compliances, assist it’s diverse client base to facilitate corporate solutions and provide advisory services for the following :
The Board of Investment Application – Most foreign companies are quite awed by the fantastic promotions offered by the Board of Investments especially on the Tax-free benefits, 100% foreign ownership, and the easy option of bringing foreigners to work in Thailand. So it is quite justifiable to opt for a BOI license if possible at an early phase of the Startup in Thailand. The proceedings and preparations can be complex and time-consuming, so the assistance of a consultant is recommended. To know more about the Board of Investment, click here.
Thai Company Incorporation – Due to its flexibility and ease of operation, a limited company is considered to be the best option for most foreigners with a project in Thailand. To establish a Thai Limited company one needs three promoters, one of these three must be Thai national holding majority of the total shareholding (51%) with a capital investment of Thai Baht 2 million or approx, USD 68,000, and a located in a commercial address. Read more about how to register a Thai company
There are always exceptions to the rules. The majority of foreign ownership requires an Alien Business license also known as a Foreign Business License, which is distributed from the Ministry of Commerce. This is based upon very large investments of money as well as large numbers of Thais to be employed.
More Details about Company registrations can be found at our legal assistance page.
Visa and Work Permits -Whether it is an established foreign corporation or an individual starting up their business in Thailand, it is mandatory for any individual to have the correct Business Visa for Thailand (Non-B Immigrant) and valid Work Permit to do any business in Thailand. The competent team of Startup in Thailand are well equipped to provide assistance for any immigration and visa matters for those wishing to relocate to the land of smiles.
Read all about Work Permit / Visa procedures here.
Due Diligence -In today’s fast-paced business environment, organizations are faced with the increasing challenge of managing regulatory, reputation, and compliance risks while trying to build and grow their business.
Whether someone is skeptical about a Joint Venture in an alien country, desiring more factual information about the proposed partner, or whether they are looking for a buy out of an existing business in Thailand, it is equally important to do proper due diligence before moving ahead.
Thai attorneys with a team of business and financial consultants form the due diligence team to assist the most routine cases as well as the most extraordinary. They provide a comprehensive appraisal of the business undertaken and evaluate it’s commercial potential, keeping investment protection as a key factor for their client. Read More legal assistance page.
Contact Startup in Thailand for a no-obligation final, 30 mins FREE Business Consultation now.