Cost of registration | The cost of the second year | Number of Directors | Corporate tax rates | Payment of Charter Capital | Financial statements |
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2390.00 USD | 2250.00 USD | 1 | 30.00% | 0.00 | Yes |
Company registration in ThailandIt is possible to register company in Thailand in order to receive benefit from expanding your business to the Asian market or for obtaining rights on real estate. The registration procedure involves several stages and is associated with legal difficulties, and as a consequence, it should take place under the supervision of the professionals. Law & Trust International not only provides assistance in filling in forms, but also business registration in Thailand is carried out with the control of each stage. The lawyers collect the documents on the basis of the power of attorney provided by the client, and personally recheck them concerning existence of mistakes and presence of inauthentic information. The applicant's service takes place in the office or remotely, if the client is in the country where there is no physical representative office of our company. Due to Law & Trust services, the procedure of establishing business in Thailand takes short time and requires minimum possible level of financial costs. Company in Thailand: stages of registrationPreparation and approval of the name of the company Our experts recommend providing at least 3 unique variants of the name for the future business, taking into consideration that all those consonant with the already existing names will be rejected. The preferable language of approval is Thai. If the founder registers business in Thailand with the name in English, he needs to provide the correct phonetic translation. There are the following conditions for the approval of the name:
Drawing up the Memorandum of AssociationThe document contains information about the name of the company, the actual address of its location in the territory of the state, the type of activity, the amount of nominal capital, the data regarding the founders and samples of their signatures. If there are several founders, then in addition to the data on each one, it is necessary to indicate the amount of their shares in the business. When registering company in Thailand, the founding agreement is signed by the founders and two witnesses. Holding of the shareholders' meetingsThe procedure is necessary for detailed analysis of issues related to registration of the form of ownership. the general director, auditors and managers are appointed at the meeting, as well as the allocation of their responsibilities is also carried out thereat. The main reason according to which the meeting is required is the drafting of the Charter. This is the necessary document when registering company in Thailand. Registration of constituent documents and obtaining the taxpayer's numberThe documentation package is collected by the specialists of our company, and the founder should fill in the application according to sample and with the help of lawyers. After verification of all the documents, they are transferred to the Ministry of Commerce of Thailand. The data that shall be indicated in the application, the language of filing in and the related information will be specified to you by the specialists of Law & Trust International. In order to officially register company in Thailand, the founder shall obtain the Tax ID (taxpayer registration number). The ID is assigned within two months after the registration of business. It is impossible to open local bank account without individual taxpayer number. The necessity to assign VAT can result from two cases, namely: if the level of business turnover is more than 1,6 million bahts or if the founder tends to obtain work permit in that country. What is the cost of business in ThailandLaw & Trust company provides for a variety of services necessary for company formation in Thailand and its subsequent assistance, however the list of tasks is determined on a case-by-case basis. The cost of establishing company in Thailand is calculated after specification of form of ownership, form of activity and other criteria. |
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Nominee director and shareholder | |
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Square | 513 120.00 |
Population | 65 998 400.00 |
Capital | Bangkok |
Unemployment | 1.60 |
State polity | Constitutional monarchy |
Telephone code | 66 |
Place in the world in corruption | 80 |
location | Southeastern Asia, bordering the Andaman Sea and the Gulf of Thailand, southeast of Burma |
Climate | Tropical; rainy, warm, cloudy southwest monsoon; dry, cool northeast monsoon; southern isthmus always hot and humid; avg. maximum temperature (April) +36°; avg. minimum temperature (December) +15° |
Literacy rate | 92.60% |
Ethnic groups | Thai 75%, Chinese 14%, other 11% |
National currency | Baht (THB) |
USD exchange rate | 30.78 |
GDP per capita | 112 |
Official language | Thai |
Credit rating | BBB+ |
The judiciary | The Constitutional Court, Supreme Court, the Supreme Administrative Court |
Executive authority | Head of State: Prime Minister and his deputies. Government: Council of Ministers. |
Legislative authorities | bicameral National Assembly: Senate (150 seats), the House of Representatives (500 seats) |
Opportunity to purchase ready-made companies | No |
Legal system | Civil Law |
The use of the Cyrillic alphabet in the name | No |
Local registered office | No |
Organizational and Legal Forms | Private Limited Company, Public Limited Company, ordinary partnership, registered partnership |
Indication of BPA in the name | The English language versions of the names must end with the words |
Local registered agent | No |
Bearer shares | No |
Possibility to issue shares without par value | No |
VAT | No |
Basic corporate tax rate | 30.00% |
Capital gains tax | No |
Currency control | No |
Corporate tax rates details | 30% (with some lower rates for certain public limited comp. and small and medium-size limited comp.) |
Stamp duty | No |
Minimum number of directors | 1 |
The requirement for residency directors | No |
Director of legal entities are allowed | No |
The data reveals to the local agent | No |
Data field to the public registry | No |
The requirement for the presence of the Secretary | No |
Requirement to the residense of the Secretary | No |
Requirements to qualification of the Secretary | No |
Legal entity as the Secretary | No |
Minimum number of shareholders | 3 |
Data is entered in the public register | No |
Shareholders residency requirement | No |
Information about the beneficiary is disclosed | No |
Information may be disclosed to the local agent | No |
Shareholders-legal entities are acceptable | No |
The requirement for filing reports | Yes |
Open access to reports | No |
Statutory audit | Yes |
The requirement for filing Annual Return | No |
Open access to the Annual Return | No |
The requirement for reports | Yes |
Treaty on avoidance of double taxation (States which signed) | 44 |
Membership in the OECD | No |
Is it offshore according to Russian legislation | No |
TM Comprehensive Study | TM Registration Request | TM Registration Certificate | Total | ||||
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First Class | Additional Class | First Class | Additional Class | First Class | Additional Class | First Class | Additional Class |
196.20 | 144.00 | 445.50 | 400.50 | 180.00 | 162.00 | 821.70 USD | 706.50 USD |
«TRADEMARK» refers to «Wordmark», «Logo» or «Wordmark + Logo» | |||||||
Prices include all professional and official fees. If the change of official duties or exchange rates prices may vary. In Thailand, trademark registration requires a product/service description of 1 item. For each additional item, you will need to pay a fee of $ 25. A more specific list of the International Classification of Goods and Services is used to describe a product/service. A comparative check is carried out only for the verbal part of the Trademark. |