Company registration in Thailand
◊ Foreign company in Thailand.
Thailand, a vibrant and culturally rich country nestled in the heart of Southeast Asia, has emerged as an attractive destination for foreign companies seeking expansion and growth opportunities. With its strategic location, well-developed infrastructure, and skilled workforce, Thailand has created an environment conducive to fostering international business ventures. As globalization continues to reshape the world economy, Thailand has positioned itself as a hub for trade and investment, drawing corporations from various corners of the globe. Foreign company in Thailand have recognized the country’s potential to tap into its domestic market and use it as a springboard to access the wider Southeast Asian region
◊ BOI Company in Thailand
The Thailand Investment Board is a government agency under the Office of the Prime Minister. Its main task is to promote investment in Thailand and Thai investment abroad. The main advantage for foreigners is that they can fully own their company and enjoy 100% ownership thanks to BOI Company. There are also several tax advantages, which vary depending on the type of company and investment. For example, one can pay no tax for the first 13 years and be exempt from VAT on imported production machinery. Below are the criteria that the BOI company must meet:
- Prepare and submit the documents to the Board of Investment to apply for a BOI license. This includes assisting in preparing the required business and three-year project plans.
- Answer questions about the BOI license and the application process.
- Prepare the client for all aspects of the process, including submission of the application to the BOI.
- Assist with international fund transfers and obtaining BOI licenses and certificates for foreign companies.
◊ The branch office
Setting up a branch office in Thailand for a foreign company is a simple process. You will need the help of an expert in setting up a company in Thailand to advise you on your options and the appropriate form of company. Branch profits usually go to the parent company; if there is a bilateral agreement with Thailand, the foreign company will not be double-taxed.
◊ Representative office
In Thailand, a representative office is the representative office of a foreign company. This legal representative office aims to promote the company’s image and facilitate its establishment in Thailand. However, it cannot use this office to generate revenue. Therefore, testing the French market before setting it up will be possible. The liaison office will allow you to monitor the situation before entering a foreign market and investing capital.
