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Posted

hi all

we are planning to start our Heat-Treatment plany in thailand. We already have the plant in Malaysia and as expansion plan we are looking to move to thailand also.

1) Please advice, how to proceed?

2) Understood from someone that to start a business in thailand by any foreigner, we need to have 50% share from local (Thailand) company. Is that true?

3) What is the procedure to get the business licence in Thailand?

4) Whats the lead time to get the business licence in Thailand to start new business there?

5) Is there any criteria to have minimum investment amount required in Thailand to start business there?

6) Is there any rules in Thailand, regarding ratio of foreigner and local in any company?

Please update, if any one can guide or can give me some website link, where i can all the relevant informations

Regards

Sachin

  • 2 weeks later...
Posted
hi all

we are planning to start our Heat-Treatment plany in thailand. We already have the plant in Malaysia and as expansion plan we are looking to move to thailand also.

1) Please advice, how to proceed?

Consult a quality business advisor, lawyer and accountant. The standard recommendation here is forum sponsor Sunbelt Asia. They are well regarded, there are others in that industry too.

2) Understood from someone that to start a business in thailand by any foreigner, we need to have 50% share from local (Thailand) company. Is that true?

This depends on what nationality the share holders are and the amount of money you are looking to invest, look at BOI investments if are investing a largish amount and look at the treaty of Amnity if you have US citizens as partners. Otherwise you are stuck with the 49/51% share spit.

3) What is the procedure to get the business licence in Thailand?

Your advisors will assist with this, as such there is no business licence, but there are different rules and regulations to follow. This is why a good advisor is worth every satang you pay.

4) Whats the lead time to get the business licence in Thailand to start new business there?

It can be done in the time it takes to fit out your premises.

5) Is there any criteria to have minimum investment amount required in Thailand to start business there?

See answer #2

6) Is there any rules in Thailand, regarding ratio of foreigner and local in any company?

See answer #2

Please update, if any one can guide or can give me some website link, where i can all the relevant informations

See links in the post above, and spend some time looking at the threads in this (SME) section of Thai Visa and the Jobs, ecomony... section for older information there is a mine of information there if you have the time to dig for it.

Regards

Sachin

What are you looking to heat treat? If you output is for export the BOI route is very feasible, if you are looking to provide services for the automotive industry you may find there is help there.

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