Register a Company in Thailand
Created on: Jul 3, 2024
How to Register a Company in Thailand
The process of registering a company in Thailand can be complex and time-consuming, but it is essential for any business that wants to operate legally in the country. The following is a step-by-step guide to the process:
1. Choose a company name
The first step is to choose a company name that is not already registered in Thailand. The name must end with the word "Limited" and must be approved by the Department of Business Development (DBD). You can reserve a company name online or in person at the DBD.
2. Prepare the Memorandum of Association (MOA)
The MOA is a document that sets out the basic information about the company, such as its name, objectives, share capital, and directors. You can prepare the MOA yourself or hire a lawyer to do it for you.
3. Convene a statutory meeting
A statutory meeting is a meeting of the company's shareholders that must be held within 90 days of the company's registration. At the meeting, the shareholders will elect the company's directors and adopt the company's bylaws.
4. Register the company with the DBD
To register the company with the DBD, you will need to submit the following documents:
- The MOA
- The minutes of the statutory meeting
- A list of the company's shareholders
- A copy of the company's director's passports or ID cards
- A bank letter confirming the deposit of at least 25% of the company's share capital.
5. Pay the registration fees
The registration fees for a company in Thailand vary depending on the company's share capital. The minimum registration fee is 5,000 baht and the maximum fee is 250,000 baht.
6. Obtain a Certificate of Registration
Once the DBD has approved your company's registration, you will be issued with a Certificate of Registration. This certificate is proof that the company is legally registered in Thailand.
Additional steps
In addition to the steps listed above, you may also need to take the following steps:
- Apply for a tax identification number
- Register for social security
- Obtain a work permit for any foreign employees
Using a company registration service
If you find the process of registering a company in Thailand to be too complex or time-consuming, you can hire a company registration service to do it for you. These services can provide you with a variety of services, such as:
- Choosing a company name
- Preparing the MOA
- Convening a statutory meeting
- Registering the company with the DBD
- Obtaining a Certificate of Registration
- Applying for a tax identification number
- Registering for social security
- Obtaining work permits for foreign employees
Using a company registration service can save you time and money, and can also help to ensure that your company is registered correctly.
Let us help you navigate the legal system in Thailand. Contact us today for a consultation. Call : +66-84561-2299 , +66-812455-054
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