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Browse our 7 legal questions about Business Registration in Thailand and the lawyer answers, or ask your own questions for free.
In Krabi, like other regions in Thailand, it is mandatory to register your business with the Department of Business Development under the Ministry of Commerce. The business registration law stipulates the processes and legal requirements for business registration, which include choosing and reservation of a unique business name, providing business data like the office location, business capital and shareholders' information. Some businesses like hotels, restaurants, tour agencies, and others are mandated to acquire special business licenses.
Navigating the complexities of the Thai business regulations can be a daunting task, especially for foreigners or individuals new to these laws. A lawyer who specializes in this field can ensure the process is handled efficiently and correctly, avoiding legal complications in the future. Common situations needing a lawyer include setting up a business structure, managing shareholder agreements, navigating business taxation laws, and obtaining special business licenses and work permits.
Under Thai law, certain business operations are classified under three lists (List 1, List 2, List 3), which define foreign business operations and direct foreign investment in Thai businesses. In general, foreigners are prohibited from operating certain businesses unless granted a license (under the Foreign Business Act BE 2542). Also, there are specific regulations concerning partnership, limited companies, and public limited companies which dictate the number of shareholders, company capital, tax responsibilities among others.
If seeking further information, it can be beneficial to refer to the Department of Business Development and the Ministry of Commerce, Thailand websites. They provide comprehensive guidelines about business registration, name reservation, and various application forms. Other bodies that might be helpful for someone needing legal advice include the Thai Board of Investment (BOI) and the Federation of Thai Industries (FTI).
If you need legal assistance with business registration, it is advised to seek a consultation with a lawyer experienced in Thai business registration laws. Compile all required data and documentation for review ahead of consultation. Keeping in mind the laws specific to Krabi and any relevant industry-specific regulations will vastly simplify the process.