Opening Company In Thai Person'S Name

[bangkoklife]

Dear friends

I want to open a Thai company under 100% ownership of a Thai national for Import and Export business. Also there will be no foreigner working in the company. The company will have 100% thai staff and owner.

So can you help me with these questions?

1.> How much will it cost will it cost to setup such a company?

2.> Are there any tax benefits of such a company VS a foreigner owned one?

Plz reply. Thanks

[Sunbelt Asia]

There are no inherent advantages in it being fully Thai owned and if you are an investor you would be better off opening a Limited Thai company with you as a shareholder to offer you some protection.

Our fees are 2500 baht, with government fees of 5500 for a million Baht company. 1500 for misc fees, add 3000 if you want shareholers book and certificates and 3,000 for social fund registration.

There are other fees involved were you to open a Thai Limited company in which you were a partial shareholder, feel free to contact us for a free consultation, offices will be open this week before the Songkran holidays.

[sunbelt][/sunbelt]