Thailand recognized three basic forms of corporate structure: Sole Proprietorship, Partnership, and a Limited Corporation. Additionally, foreigners can register a company as a branch office, representative office, regional office or joint venture. Americans should seek the advice of legal and/or tax counsel to determine the most suitable type of business organization.
Initial discussions with a lawyer or tax consultant is a preventative measure to proper business practices in Thailand from the beginning. They can assist you with information regarding business registration, advice on special licenses or registrations for a particular industry or product, and tax planning. For example, restrictions exist on a variety of imports and export items such as some agricultural products, pharmaceuticals, and cosmetics. Special licenses may be required from the appropriate Thai government ministry before trading in these products can occur.
While other forms of business entities are recognized in Thailand, a private limited company is the most commonly used vehicle for conducting business by foreigners. Application for registration of the company must be made to the Commercial Registration Department of the Ministry of Commerce or relevant Provincial Registry.
For a straight-forward corporate business registration, international films can prepare the necessary documentation and register the new business with the Ministry of Commerce for US$ 1,200 to 2,500, excluding filing fees and some other charges. Filing and consultants fees depend on the amount of the company's registered capital. The process typically takes three to five weeks.
Department of Business Development
Ministry of Commerce
44/100 Moo 1, Nonthaburi 1 Rd., (Sanam Binnam),
Bangkrasor, Muang Nonthaburi
Tel: (662) 547-4425-6
Fax: (662) 547-4427