Thai Business Laws
Our Thai Law Firm specializes in setting up safe and secure company registration for foreigners in Thailand. Our legal and consulting staff have set-up hundreds of companies in Thailand and have decades of combined experience in all facets of Thailand law for foreigners.
Anyone planning to open a business in Thailand will have heard that it is rarely as straightforward as they would like it to be. This is particularly true for those unfamiliar with Thailand’s laws and legal practices. The good news is that with our expertise and extensive knowledge of Thai Law behind you, setting up a company in Thailand has never been easier. Thanks to a range of new government incentives, from tax allowances to easier access to work permits for non-Thai nationals, a lot more is now possible that would have been unthinkable not long ago.
In most cases, the preferred first step to setting up a new business in Thailand is the establishment of a Thai Limited Company. In Thailand, there is no Limited Liability Company (LLC) that can be quickly created. Instead, a more formalized incorporation process takes place, for which there are two essential documents; the Articles of Association and the Memorandum of Association, both of which must be registered with the Thai Ministry of Commerce. Articles of Association can be tailored to suit the specific needs of a company, as long as the original shareholders and promoters (if different) agree to the terms in writing.
Thai Limited companies are the preferred route for setting up a business in Thailand, largely because they are so similar to co-operations in other developed nations. The process will therefore feel familiar to business people, even if they have little or no experience doing business in Thailand. All limited companies have directors, shareholders (both Thai and foreign in many cases), promoters, and limited liability. In this case, limited liability means that the shareholder in a Thai company can only ever lose what capital they invested.