How to set up your first office in Thailand as a foreigner

 Thailand is regarded as one of the business centers in the Asia-Pacific region, although there are many foreign businessmen or business groups who have invested in doing business in Thailand, but there are still foreign businessmen who are interested in Come to invest a lot. There are many forms and methods of setting up a business in Thailand for foreigners, depending on the objectives of each foreigner’s business of that foreigner.


Check out: Finding the first office in Thailand as a foreigner


Forms of business establishment in Thailand for foreign businessmen or companies

The establishment of a trade agency is a form arising from the agreement of a foreign company with a Thai company to act as a trading agent to conduct business in Thailand where the trading agency is a Thai company with full authority to do business but Under the framework of agreements made with foreign companies. Check out this blog on how to choose to rent an office in Bangkok, Thailand?

Establishing a branch business in Thailand is a form where foreign companies come to open branches to conduct business in Thailand on behalf of foreign companies directly by applying for permission to establish branches in Thailand. They can carry out any business activities. The law on doing business of foreigners only allows this.

Registering to establish a new company with Thai people holding shares as a joint venture form of business establishment between foreigners and Thai people by using the shareholding criteria in the newly established company. Newly established with foreigners holding more than 50% will be considered as a foreign company doing business in Thailand. Business operations will be under the law on foreign business, which has restrictions prohibiting certain types of business such as service business. Must obtain permission and permission before proceeding. If a company is established with Thai people holding more than 50% shares, it is considered a Thai company. Can operate the same business as a Thai company in all respects. There are no restrictions on the type of business.

Registration of a new company with 100% foreign ownership. This type of registration is a registration of a new company in Thailand where the foreign company, which is the parent company, owns most of the shares, is a specific type of business that the foreign company does. already in foreign countries and expanding to do in Thailand, especially the famous brand company that is well known all over the world.

Establishing a new company under investment promotion. Most of the company formation forms are foreign companies that require trade privileges, want to bring in technology and foreign professionals to work in Thailand, exempt from corporate income tax for a period of time. One during the start of business is exempt from customs duty on imported products for use in testing, etc., with government agencies such as BOI or industrial estates or special economic zones to promote investment, etc. Regardless of the foreign company that opens a business in Thailand, it is one of the business units that have to prepare a balance sheet and profit and loss accounts. If income is deducted from expenses and there is a profit, it is liable to tax. with the Thai government as well as Thai companies, except for the privileges of taxation under the conditions of investment promotion above.

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