Best Business Registration Lawyers in Bangkok
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List of the best lawyers in Bangkok, Thailand
GPS Legal
Free Consultation: 15 mins
Legal guides written by GPS Legal:
- Land Ownership in Thailand: Title Deeds
- Thailandโs SMART Visa program: What you should know
- Estate planning goes beyond wills
Anona International And Consultancy Co., Ltd.
Free Consultation: 1 hour
SIAM LEGAL INTERNATIONAL
Free Consultation: 1 hour
Legal guides written by SIAM LEGAL INTERNATIONAL:
- Upgrading a Legacy Thai Elite Visa Membership to a Thailand Privilege Visa Membership
- How Foreigners Can Own Property in Thailand
- Adopting a Child in Thailand
SB Law Asia
Free Consultation: 1 hour
The Law Society Co.Ltd.
Lafs Legal
Free Consultation: 30 mins
SORASAK LAWFIRM
Smart Legal Solutions
Legal guides written by Smart Legal Solutions:
- Main Legal Measures to Protect Foreign Investment in Thailand
- Legal Protection of Foreign Investment in Thailand
- The importance of the geographical indications for the Thai economy
Aphiwat Bualoi Law Office
Free Consultation: 30 mins
Thailand Business Registration Legal Questions answered by Lawyers
Browse our 7 legal questions about Business Registration in Thailand and the lawyer answers, or ask your own questions for free.
- What are the requirements for BOI promotion in Thailand?
- There are details and nuances, however, at the basic level, your company is eligible for BOI promotion if it meets the following criteria: The company is included in one of the eight eligible business categories The company performs eligible activities based on this category The company can meet the minimum capital investment sum The company is registered under Thai law The company meets all of the business requirements
- What are the benefits of registering a company in Thailand under the US-Thai Treaty of Amity?
- The US-Thai Treaty of Amity offers several advantages for U.S. corporate and individual investors to operate businesses in Thailand. There are two key trade advantages for investors: The Treaty permits U.S. nationals to retain either the majority of shares or all the shares of a Thai limited company or establish a Branch Office or Representative Office in Thailand without applying for a Section 17 Foreign Business License. U.S. nationals may operate a business in the same way as Thai nationals and are exempt from the majority of foreign investment restrictions as outlined in the Foreign Business Act.
- What benefits can my company enjoy under the Board of Investment (BOI) promotion?
- Once the company is BOI promoted, the following basic incentives may be granted: Exemption of corporate income tax Exemption of import duties on machinery Exemption of import duties on raw materials used in R&D Exemption of import duties on raw materials used in production for export Non-tax incentives
About Business Registration in Bangkok, Thailand
Business registration in Bangkok, Thailand, is a legal process governed by the Department of Business Development (DBD) under the Ministry of Commerce. The process involves several steps, including name reservation, submission of the Memorandum of Association, statutory meeting report, company registration, and obtaining a VAT or tax ID. The law in Thailand encourages business ventures by both local and international entrepreneurs, although foreign investment is subjected to the Foreign Business Act (FBA). As such, certain types of businesses are restricted for foreign ownership.
Why You May Need a Lawyer
Understanding and complying with all legal requirements of business registration in Bangkok can be complex, particularly for foreign investors. A lawyer experienced in Thai Commercial Law can provide essential assistance in these areas: setting up your business structure correctly, understanding the restrictions under the FBA, helping to secure necessary licenses and permits, ensuring tax compliance and assisting in negotiations and contracts. Mistakes in these areas can lead to serious consequences such as fines, legal penalties, and business license revocations.
Local Laws Overview
Thai law divides businesses into three types: Sole Proprietorships, Partnerships, and Limited Companies. Each type has distinct requirements and implications. Thailand also operates under a civil law system, which means written laws are prioritized. Key laws for business registration include the Civil and Commercial Code, the Commercial Registration Act, the FBA, and numerous Revenue Codes for tax purposes. It's worth noting that for certain business categories, foreign ownership is either prohibited or requires an Alien Business License as per FBA.
Frequently Asked Questions
1. Can a Foreigner Own a Business in Bangkok, Thailand? Yes, a foreigner can own a business in Thailand, but there are certain restrictions under the FBA. It's essential to consult with a legal professional to understand the implications.
2. What is the Process of Business Registration in Bangkok? Basic steps are name reservation, Memorandum of Association submission, a statutory meeting, company registration, and obtaining a tax ID or VAT registration. Legal counsel can help guide you through the specifics of each step.
3. How Long Does It Take to Register a Business? The duration can vary, but typically it can take between 3-6 weeks to complete all steps of business registration in Bangkok.
4. Is Dual Language (Thai-English) Paperwork Accepted for Registration? Yes, most offices accept dual language documents, but it's advised to have official translations for certain documents.
5. Do I Need a Physical Office Space in Bangkok to Register My Business? Yes, Thai law requires a physical address in Bangkok for business registration. It cannot be a P.O. BOX address.
Additional Resources
Department of Business Development (DBD) under the Ministry of Commerce is the key agency dealing with business registration in Bangkok, Thailand. Other relevant bodies include the Revenue Department for taxation matters and the Board of Investment for businesses seeking special investment promotions. Legal firms with expertise in Thai Commercial Law can also provide invaluable help.
Next Steps
If you require legal advice or assistance for business registration in Bangkok, it's recommended to consult a lawyer who specializes in Thai Commercial Law. In preparation for this consultation, gather necessary information about your business such as its structure, type of activities, and your investment plans. A clear understanding of your business will help your legal consultant to provide the best possible advice.
The information provided on this page is intended for informational purposes only and should not be construed as legal advice. While we strive to present accurate and up-to-date information, we cannot guarantee the accuracy, completeness, or currentness of the content. Laws and regulations can change frequently, and interpretations of the law can vary. Therefore, you should consult with qualified legal professionals for specific advice tailored to your situation. We disclaim all liability for actions you take or fail to take based on any content on this page. If you find any information to be incorrect or outdated, please contact us, and we will make efforts to rectify it.