Doing Business In Thailand

[mijan24]

Whilst surfing happened to read the following it may assist in answering some of the basic questions people often ask.

http://www.globallooks.com/legal-matters-thailand.php

Legal Matters

Foreigners in Thailand derive their legal rights primarily from the domestic laws of Thailand. In general, foreigners enjoy the same basic rights as Thai nationals.

Establishing a business in Thailand (summary).

As in most countries, there are three kinds of business organizations in Thailand: Sole proprietorships, partnerships, and limited companies. The most popular form of business organization among foreign investors is the private limited company.

Private limited companies require a minimum of seven promoters and must file a memorandum of association, convene a statutory meeting, register the company, and obtain a company income tax identity card. They must also follow accounting procedures specified in the Civil and Commercial code, the Revenue Code and the Accounts Act. A balance sheet must be prepared once a year and filed with the Department of Revenue and Commercial Registration. In addition, companies are required to withhold income tax from the salary of all regular employees.

The Alien Occupation Law requires all foreigners working in Thailand to obtain a Work Permit prior to starting work in the Kingdom, except when they are applying under the Investment Promotion Law, in which case they have 30 days to apply.

Non-Immigrant visas provide the holder with eligibility to apply for a work permit, and allow the holder to work while the work permit application is being considered.

Submenu

Forming a Company

Types of Business Organizations

Visas and Immigration Law

Importation of Funds

Taxation in Thailand

Treaties to Avoid

Double Taxation

Edited November 30, 2005 by mijan24

[~G~]

...In general, foreigners enjoy the same basic rights as Thai nationals....

[samran]

...In general, foreigners enjoy the same basic rights as Thai nationals....

<{POST_SNAPBACK}>

thats right, your average thai gets screwed just as much as the average farang here.

[OlRedEyes]

...In general, foreigners enjoy the same basic rights as Thai nationals....

<{POST_SNAPBACK}>

thats right, your average thai gets screwed just as much as the average farang here.

<{POST_SNAPBACK}>

Yea, but he pays less to get screwed

Edited November 30, 2005 by OlRedEyes

[rishi]

...In general, foreigners enjoy the same basic rights as Thai nationals....

<{POST_SNAPBACK}>

... as to the OP's question of advice: IMHO, things will be a lot easier if you get good friends with some reliable Thais to serve as "fronts" ...

[OlRedEyes]

... as to the OP's question of advice: IMHO, things will be a lot easier if you get good friends with some reliable Thais to serve as "fronts" ...

<{POST_SNAPBACK}>

Edited December 1, 2005 by OlRedEyes