Foreign nationals do not need to be residents of Thailand to apply for Company Registration. There are no residency requirements for shareholders and directors of Thai companies. Foreign directors are not required for public companies, but at least 50% of the directors must be Thai residents. You may also have a non-Thai partner as a director. It takes between two to four weeks to apply for Company Registration in Thailand. Regardless of who the shareholders and directors are, you must choose a unique name for your company.
Company registration in Thailand is not required for foreign nationals
There are many advantages to registering a company in Thailand. It is a fast-growing economy with low taxes and a strong government that encourages foreign businesses. Foreigners are welcome to run businesses in Thailand if they wish to contribute to the economy and employ Thai citizens. If you’re a foreign national and want to establish a company in Thailand, you can choose to become a partner with a local business. In order to register a company in Thailand, you must have Thai shareholders who own more than 50% of the company. But despite all this, you can still run a business by yourself while keeping control of the company.
It is free
Despite the fact that company registration in Thailand is free, it does require you to provide certain documents to the Ministry of Commerce. For example, the name of your company must be reserved before you can actually start operating. You will then need to apply for a non-immigrant business visa, which is valid for 90 days. After that period, you can extend your work permit for a further ninety days. Then you will need to provide information about your company, including its address and contact information. You cannot use a condominium as an address for company registration. However, if you are willing to reduce startup costs, you can opt for a virtual office address.
It takes 1-2 weeks
The first step in setting up a business in Thailand is reserving the company name. It must be unique and not the same as another company already registered in Thailand. The name must also contain the word “limited” and end in an apostrophe. This registration process can take anywhere from two to four weeks. In Thailand, you can have a majority of your shareholders be US citizens or permanent residents.
It requires a unique name
There are a few important considerations when it comes to naming your Thai company. You need to choose a catchy and creative name that will reflect your business’ purpose. Listed below are some rules to keep in mind when selecting a name. Avoid using names that are associated with the royal family or government units, or ones that could be difficult to pronounce. In addition, the name must not be too long or misleading for non-English speakers.
It requires a Thai domiciled bank account
Opening a bank account in Thailand can be a challenge for foreigners. For starters, you must provide a Thai-domiciled address when applying for a business bank account. If you are a foreign investor, however, you may also be able to open a branch or representative office in Thailand. In either case, you must have a Thai-domiciled bank account to conduct business.