Setting up a company in Thailand
Setting up a company in Thailand involves several important steps and considerations to ensure full compliance with Thai regulations.
Mawinee Maming
10/17/20242 min read
Setting up a company in Thailand involves several important steps and considerations to ensure full compliance with Thai regulations.
Our MVP services provide comprehensive support to simplify this process, offering expert guidance and practical solutions from start to finish. Here’s what to expect when setting up a company with our assistance:
1. Company Formation
• Legal Entity Selection:
We assist in choosing the most suitable legal entity for your business—whether it’s a Thai limited company, branch office, representative office, or BOI-promoted company.
• Registration Process: We handle the entire company registration process, ensuring all documents are properly prepared and submitted to the Department of Business Development (DBD) in accordance with Thai law.
2. Office and Factory Setup
• Office Search Assistance: We help identify the best office or factory location to suit your business needs, offering solutions that are strategic, cost-effective, and aligned with local market conditions.
• Office for Registration: If you’re not ready to secure a permanent location, we offer our own office space for use as your business address during the registration process.
3. Back Office Services
• Accounting & Taxation: Our experienced team will manage your accounting and tax compliance, ensuring accurate bookkeeping, financial reporting, and tax filings in line with Thai tax regulations.
• Human Resources and Payroll: We offer payroll services and help navigate employee-related legal obligations, including social security contributions and other statutory requirements.
4. Recruitment and Team Building
• Staff Recruitment: We help you find qualified local and international talent, handling everything from job postings to interviewing and hiring.
• Management Team Support: If needed, we assist in building a skilled management team to lead your operations, providing a strong foundation for your company’s growth.
5. Consultation and Regulatory Compliance
• Comprehensive Consultation: Our experts provide ongoing consultation to ensure your company setup is done correctly and aligned with the latest Thai regulations, including Foreign Business Act compliance, shareholder structure requirements, and work permit regulations for foreign staff.
Permits & Licenses
• Guidance and Services:
We guide and provide services to help you obtain the necessary permits and licenses for your business in Thailand. This includes business licenses, VAT registration, and any industry-specific permits required for your operations.
• Overcoming Language Barriers and Complexity: For most foreigners, navigating the permit and licensing process can be challenging due to the language barrier and the complexity of the legal and regulatory framework. Our team ensures you don’t face these obstacles by handling the entire process on your behalf, ensuring full compliance with Thai law and a smooth approval process.
6. Business Continuity and Expansion
• Ongoing Support: After setup, we continue to support your business with operational and strategic advice to help you thrive in the Thai market.
• Growth Facilitation: As your business grows, we can assist with expanding your presence, setting up additional offices or facilities, and scaling your back-office services.
Why Choose Us?
• Experienced in Thai Regulations: Our deep understanding of Thai business laws ensures a smooth and compliant setup process.
• End-to-End Services: From company formation to back-office support, we cover all aspects of your business needs.
• Tailored Solutions: We offer personalized services that align with your specific industry requirements and business objectives.
By partnering with us, you’ll benefit from a hassle-free company setup experience and ongoing support to ensure that every aspect of your business complies with Thailand’s regulations. Reach out today to get started on establishing your business in one of Southeast Asia’s most dynamic economies.