Hi there,

I am wondering if anyone can help me source some basic information on starting up a Thai business.

Please find following a few queries I am looking for clarification on... Any assistance would be most appreciated:

Registration of company and name (name search etc) -how is the structure?

Percentage of Thai ownership required

-Costs of registration of company and name - Yearly maintenance and costs Of

company (ie like asic yearly renewal plus accountant/yearly tax submission

-what is the Thai financial year and when tax return is due

- Bank accounts. What is criteria to have USD and THB bank accounts and

minimum amount that has to be maintained? For eftpos facility, how does this

work?

Cheers,

JD

here

here

Ha-ha well done ShopBoy, some posters really want everything done for them and appear to have never heard of a web search!

here

Ha-ha well done ShopBoy, some posters really want everything done for them and appear to have never heard of a web search!

the first search result from Thaivisa !!

To start the company, you need to do many stuffs.

- Find a lawyer or accounting firm to do it for you.

- Ready to pay around THB 15,000 - THB 25,000 for the processing fee + government stamp duty + etc. (this is for the registered/authorized capital THB 2 million).

- Tell the lawyer/accounting firm what name you want

- There must have 3 Thai citizen in the company and they are required to attached their bank statement (good record statement)

- Foreigners allow to hold 49% only

- Hire an accounting firm to do your monthly account (require by the law) cost around THB 2,000/per month to up (depend on your volume of sales)

- Require a permanent office address for Department of Business Development and tax department

- Must have contract for renting the place for office and also every month, you must pay tax for rental under the company

- For auditing every year, it is depend on the sales business from the range of THB 10,000/per year to up

To start the company, you need to do many stuffs.

- Find a lawyer or accounting firm to do it for you.

- Ready to pay around THB 15,000 - THB 25,000 for the processing fee + government stamp duty + etc. (this is for the registered/authorized capital THB 2 million).

- Tell the lawyer/accounting firm what name you want

- There must have 3 Thai citizen in the company and they are required to attached their bank statement (good record statement)

- Foreigners allow to hold 49% only

- Hire an accounting firm to do your monthly account (require by the law) cost around THB 2,000/per month to up (depend on your volume of sales)

- Require a permanent office address for Department of Business Development and tax department

- Must have contract for renting the place for office and also every month, you must pay tax for rental under the company

- For auditing every year, it is depend on the sales business from the range of THB 10,000/per year to up

Only 3 shareholders in total are required, so 1 Foreigner (49%) and 2 Thai nationals (51% between the 2 of them) is required.