Thai Business Registration
Thai Business Registration is important. Starting a business in Thailand needs lots of consideration. Firstly you need to decide what type of business you wish to have. You need to ensure your licences if you are going to open a restaurant but most importantly you need to register the business first. Below is listed the forms of businesses you can register in Thailand.
Always speak to a lawyer in Thailand for more information and assistance as the lawyer would normally register the business, check your lease agreement and licences and also assist you with VAT and tax registration.
What type of business you wish to conduct in Thailand will determine what type of business you will register. There would be a difference in cost just as there would be between a trading company and a representative office. You need to consult a law firm in Thailand about these options.
Limited Company with Limited Liability
This type of business registration in Thailand would be the most common type of business registered in Thailand. This business type is also the easiest type of company to register. Note that there are advantages as this type of business carries the least amount of liability. You will also need the least amount of paid up capital this option and best of all it only requires 3 shareholders.
Limited Partnership with unlimited liability
The company registered with unlimited liability is not very common and tends to be for small family owned businesses. This type of business only requires 2 partners and note that one will need to be the managing director of the registered business. You will need to speak to a lawyer in Thailand about this type of business as you might not want the unlimited liability for your business.
NGO & Foundations
If you are looking at starting a foundation then you should be prepared to wait as it does take a while to register an NGO or a foundation. These types are very complicated to register and start in Thailand and can take more than a year to complete. Note also that there has to be three founders to start a foundation in Thailand
Not very common type of business registration in Thailand. These take on average 3 months to complete.
There is an article on business licences in Thailand on this website. These are not normally for a representative office or for a foundation as they do not trade. If you have a limited or unlimited company then you will more likely than not need a licence for your business
The most common licences in Thailand would be a TAT Licence, Cigarette Licence, Liquor Licence and also entertainment Licences. Search this website for more information on starting a business in Thailand and also see the article on taxes, work permits as well as visa issues.
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