Best Business Registration Lawyers in Bueng Kum
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Find a Lawyer in Bueng KumThailand Business Registration Legal Questions answered by Lawyers
Browse our 8 legal questions about Business Registration in Thailand and the lawyer answers, or ask your own questions for free.
- Inquiry Regarding Licensing Requirements for Cryptocurrency ATMs in Thailand
- Dear prospective client,Thank you for reaching out with your inquiry regarding the licensing requirements for operating cryptocurrency ATMs in Thailand.In order to operate cryptocurrency ATMs in Thailand, operators are required to comply with specific regulations issued by the Securities and Exchange Commission (SEC) of Thailand. The primary license that cryptocurrency ATM operators need to apply for is a Digital Asset Business License. This license allows businesses to operate as cryptocurrency exchanges, brokers, or dealers, all of which may be relevant depending on the services offered by the ATM.Additionally, there are stringent compliance measures relating to Anti-Money Laundering (AML) and Know Your Customer (KYC) requirements that need to be adhered to in line with Thai law.For a comprehensive overview of the regulations surrounding digital assets in Thailand, including cryptocurrency ATMs, I invite you to visit our website for detailed insights:Digital Asset Regulations in Thailand: A Comprehensive Overview https://mahanakornpartners.com/digital-asset-regulations-in-thailand-a-comprehensive-overview/Should you have any further questions or need more personalized assistance, feel free to reach out.Best regards,Mahanakorn Partners Group (MPG)
- Do I need an address in Thailand to form a Thai company?
- Yes, your company must be registered at a physical address in Thailand, and this is where you will receive official documents and notices. If you rent this address, you must first get permission from the property owner to agree to register your company at the location. You will need to keep the Ministry of Commerce updated should you move the place of your company registration. A commercial address may also be required, depending on the business you are operating.
- How many shareholders are required to form a Thai company?
- At least three shareholders are required. Under certain conditions, a private limited company may be completely foreigner-owned. However, in relation to activities reserved for Thai nationals under the Foreign Business Act, foreign ownership is permitted up to a maximum of 49% of the shares.
About Business Registration Law in Bueng Kum, Thailand
Bueng Kum is a district of Bangkok. Business registration for Bueng Kum is governed by national Thai laws and procedures that are administered centrally by the Department of Business Development under the Ministry of Commerce. Actual registration takes place either online via the national e-registration system or at Bangkok service centers. After registration, certain location-based permits and taxes are handled locally at the Bueng Kum District Office under the Bangkok Metropolitan Administration.
Common legal frameworks include the Civil and Commercial Code for partnerships and limited companies, the Public Limited Companies Act for public companies, the Foreign Business Act for foreign ownership restrictions, and tax laws overseen by the Revenue Department. You will also interact with the Social Security Office for employer registration and the Bangkok Metropolitan Administration for zoning, signage, and some public health related licenses.
In practical terms, you will choose a business structure, reserve a name, register with the Department of Business Development, obtain a tax ID and any tax registrations such as VAT if applicable, open a bank account, enroll as an employer, and secure any sector specific licenses. If your business will operate from a Bueng Kum address, local zoning and premises requirements will also apply.
Why You May Need a Lawyer
Choosing the right structure is critical. A lawyer can explain differences between a sole proprietor, partnership, and company limited, and how each affects liability, taxes, governance, and funding.
Foreign ownership and business activity restrictions are complex. If any shareholder or director is a foreigner, the Foreign Business Act may limit your activities unless you obtain a license or an exemption such as Board of Investment promotion. A lawyer helps you evaluate options and avoid nominee arrangements, which are illegal.
Documents and filings must match Thai legal standards. A lawyer can draft the memorandum of association, articles of association, shareholder agreements, and director resolutions, and make sure Thai and English versions align. This reduces rejection risk at the Department of Business Development.
Licenses and premises compliance can be local and technical. For activities such as restaurants, education centers, clinics, or warehousing within Bueng Kum, a lawyer can guide you on zoning checks, health and safety approvals, signage tax, and building use permissions from the district office.
Tax and employment compliance carry ongoing obligations. A lawyer working with an accountant can set up compliant VAT and withholding processes, employment contracts, internal policies, and social security registration to avoid penalties.
Transactions and investment have added layers. If you plan to bring in investors, grant employee equity, or acquire an existing business, a lawyer protects you with due diligence, regulatory notifications, and clear corporate governance.
Local Laws Overview
Business structures and governing laws. Sole proprietors and partnerships register business names with the Department of Business Development. Registered ordinary partnerships, limited partnerships, and private limited companies are established under the Civil and Commercial Code. Public companies are formed under the Public Limited Companies Act. As of recent reforms, a private limited company can be formed with at least two promoters and two shareholders, and at least one director.
Foreign participation. The Foreign Business Act controls foreign shareholding in many service sectors. Foreign businesses usually require a Foreign Business License or Certificate unless an exemption applies such as Board of Investment promotion or a specific treaty. Minimum capital rules apply to licensed foreign businesses, and representative offices have their own capital and activity limits. Nominee shareholding is prohibited.
Name reservation and incorporation. Company name reservation is filed with the Department of Business Development and is typically valid for a limited period. Incorporation requires a registered address, objectives, share structure, director details, and signed forms. Documents are prepared in Thai. English translations can be used for internal or bank purposes but the Thai version controls.
Tax registrations. After registration, you obtain a tax ID from the Revenue Department. VAT registration is required when annual turnover meets the prevailing threshold such as 1.8 million baht, or earlier if you choose to register voluntarily or your business type is mandatorily VAT registered. Many transactions require withholding tax. Certain activities fall under Specific Business Tax instead of VAT.
Accounting and audit. Thai companies must maintain accounts in accordance with Thai Financial Reporting Standards, appoint a licensed auditor, hold an annual general meeting, and file audited financial statements with the Department of Business Development, along with tax returns to the Revenue Department. Employers must register employees for social security and submit monthly contributions.
Local permits in Bueng Kum. Operating from a Bueng Kum address may require local approvals. Restaurants and food vendors need a public health license from the district office. Shops must pay signboard tax annually to the district office if signage is displayed. Some types of trades may need specific notifications or permits and must comply with building use and zoning rules under Bangkok regulations. If you alter a building or change its use, you may need a building permit from the Bangkok Metropolitan Administration.
Premises and address verification. The Department of Business Development requires a verifiable registered address. For VAT registration and many licenses, officials may inspect the site. Lease agreements, landowner consent, and house registration documents are commonly required. Some condominiums do not allow commercial registration at residential units, so check your building rules before committing to a lease.
Visas and work permits. Foreigners who work in Thailand generally need a Non-Immigrant B visa and a work permit. Employers often must meet capital and Thai employee ratios, unless an exemption applies such as Board of Investment promotion. Coordination with corporate registration is important because work permit filings rely on company data.
Digital services. Many filings can be made via the Department of Business Development e-registration system and the Revenue Department e-filing platform. Electronic meetings and electronic document execution are permitted under updated Thai law, subject to required procedures.
Frequently Asked Questions
Can a foreigner own 100 percent of a company registered in Bueng Kum
Yes for some activities and no for others. Manufacturing and export focused businesses are generally feasible. Many service businesses are restricted by the Foreign Business Act, in which case you may need a Foreign Business License or an exemption such as Board of Investment promotion or a qualifying treaty. A lawyer can review your exact activity and structure.
What is the minimum number of shareholders and directors for a Thai private limited company
At least two shareholders and at least one director. Shareholders can be individuals or juristic persons. Directors can be Thai or foreign, subject to visa and work rules if they will work in Thailand.
Do I need a physical office in Bueng Kum to register
You need a verifiable registered address. For incorporation you can often use a small office or serviced office with proper consent. For VAT registration, work permits, and many licenses, a physical site that officials can inspect is usually required. The lease and house registration documents must be available.
How long does company registration usually take
After name reservation and once documents are ready, incorporation can be completed in a few business days. Obtaining a tax ID is quick. VAT registration can take several days and may involve a site visit. Sector specific licenses can range from two weeks to several months depending on the activity.
What taxes will my company face
Corporate income tax, withholding tax on certain payments, and either VAT or Specific Business Tax depending on the activity. Employers also handle personal income tax withholding for employees and social security contributions. Signboard tax applies if you display a sign at your premises in Bueng Kum.
What documents are needed to register a company
Typical items include copies of ID cards or passports of promoters and directors, consent from the owner of the registered address with supporting house registration or title documents, lease agreement, company name reservation, objectives, share structure, director appointment, and signed statutory forms. If any shareholder is a company, provide its corporate documents and authorized signatory details.
Can I use my home in Bueng Kum as the registered address
Sometimes. You will need landlord or owner consent and building rules must allow business registration. For condominiums and certain housing estates, regulations may prohibit commercial registration or customer facing activities. Even if registration is allowed, VAT or specific licenses may still require a more formal commercial space.
What is the VAT threshold
Businesses generally must register for VAT when annual revenue reaches the prevailing threshold such as 1.8 million baht. Some business types must register regardless of turnover. Voluntary registration is possible. A local accountant or lawyer can confirm what applies to your case.
Do I need a company seal
Thai law does not require a company seal, but many companies use one for bank and vendor processes. Your articles of association can state whether a seal is used and how documents are executed.
Who issues local licenses in Bueng Kum
The Bueng Kum District Office under the Bangkok Metropolitan Administration issues or processes many local permits such as restaurant licenses, certain trade notifications, and signboard tax. Other agencies may also be involved depending on the activity, for example the Excise Department for alcohol sales or the Department of Industrial Works for factories.
Additional Resources
Department of Business Development, Ministry of Commerce. Handles name reservation, partnerships and company registration, and annual financial statement filings. National call center 1570.
Revenue Department. Handles tax ID issuance, VAT and Specific Business Tax registration, withholding tax, and corporate income tax. National hotline 1161.
Bangkok Metropolitan Administration and Bueng Kum District Office. Handles local permits, public health licenses, signage tax, building use permissions, and zoning inquiries. BMA contact center 1555.
Social Security Office. Employer registration and monthly contributions for employees. National hotline 1506.
Department of Employment, Ministry of Labour. Work permits and related employer obligations for foreign workers.
Board of Investment. Investment promotion, foreign ownership exemptions, and visa and work permit facilitation for promoted projects.
Department of Industrial Works. Factory licenses and environmental compliance for industrial operations.
Thai Food and Drug Administration. Product registrations and approvals for certain foods, cosmetics, medical devices, and drugs if your business manufactures or imports regulated products.
Next Steps
Step 1 - Clarify your business model and location. List your planned activities, expected customers, and whether any regulated services are involved. Confirm that your intended Bueng Kum premises are suitable and allowed for business use.
Step 2 - Choose a structure. Decide between sole proprietor, partnership, or company limited. Consider liability protection, ability to bring in partners, and tax treatment. Foreign participants should assess the Foreign Business Act and possible exemptions early.
Step 3 - Engage professional help. Speak with a business lawyer and a Thai accountant. Ask for a scope covering entity setup, tax registrations, and any local Bueng Kum permits so you have a clear timeline and cost estimate.
Step 4 - Reserve your name and prepare documents. Collect IDs, address documents, lease and landlord consent, and draft the memorandum of association and articles of association. Align Thai and English names and objectives.
Step 5 - Register the entity and obtain a tax ID. File incorporation with the Department of Business Development, then register with the Revenue Department. Arrange a corporate bank account and authorized signatories.
Step 6 - Complete tax and employer registrations. Register for VAT if required or desired, set up withholding processes, and enroll as an employer with the Social Security Office.
Step 7 - Secure local permits. Coordinate with the Bueng Kum District Office for relevant licenses such as a restaurant license or signage tax registration. Confirm zoning and building use compliance before opening.
Step 8 - Establish compliance routines. Set accounting systems, hire an auditor, create a compliance calendar for annual general meetings and filings, and implement employment contracts and workplace policies.
Step 9 - Plan immigration and work permits if needed. Align company data and capital with visa and work permit criteria, and sequence filings to avoid delays for foreign directors and staff.
Step 10 - Keep records and monitor changes. Retain corporate and tax documents, and monitor legal updates that may affect VAT, filings, or district level permits in Bangkok.
Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.