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Browse our 8 legal questions about Business Registration in Thailand and the lawyer answers, or ask your own questions for free.
To gain BOI Thailand promotion, your business must fall within one of the eight stated business categories: Agriculture and agricultural products Light industry Services and public utility Chemicals, paper, and plastic Technology and innovation development Electronic industry and electric appliances...
Read full answerThere 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...
Read full answerOnce 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...
Read full answerBusiness registration is a critical legal process for anyone looking to start and operate a business in Lat Krabang, a district in the eastern part of Bangkok, Thailand. The registration process ensures your business is recognized under Thai law, allowing you to operate legally, open corporate bank accounts, enter contracts, pay taxes, and apply for government permits. The process and requirements for registration vary depending on the type of business entity you wish to establish, such as a sole proprietorship, partnership, or limited company. Understanding the legal framework surrounding business registration in Lat Krabang is essential for compliance and long-term business success.
Navigating the business registration process in Lat Krabang can be complex due to language barriers, evolving regulations, and specific local practices. You may need a lawyer in circumstances such as choosing the correct business entity, ensuring compliance with Thai laws, preparing and reviewing necessary documents, understanding the obligations and liabilities of business owners, or handling issues related to foreign ownership. Lawyers can also assist with the translation and notarization of documents, tax planning, obtaining business licenses, and managing potential disputes with local authorities. Professional legal assistance can save time, prevent costly mistakes, and ensure your business is set up correctly from the beginning.
Business registration in Lat Krabang, as in the rest of Thailand, is governed by national laws such as the Civil and Commercial Code and the Foreign Business Act, but it also involves local administrative bodies. Some aspects local entrepreneurs and foreign investors should be aware of include the following:
You can register as a sole proprietorship, ordinary or limited partnership, limited company (the most common for small and medium businesses), or a branch or representative office of a foreign company.
Typically, company registration can be completed in about one to two weeks if all documents are prepared correctly. The timeframe can vary based on business type and completeness of your application.
Key documents include a company name reservation, memorandum of association, articles of association, list of shareholders, identification documents or passports of shareholders and directors, proof of business address, and application forms provided by the DBD.
For Thai limited companies, at least 51 percent of the shares must be held by Thai nationals, unless you qualify for specific BOI or FBL exemptions. Foreigners may need a Thai partner depending on the business activity.
Generally, foreigners cannot fully own most businesses due to the Foreign Business Act. Complete ownership is possible only for businesses promoted by the Board of Investment or under a Foreign Business License.
Yes, an actual business address in Lat Krabang is required. Virtual office addresses are not generally accepted for registration purposes.
The minimum capital requirement is typically 2 million Thai Baht if you need work permits for foreign staff. Otherwise, the capital may be lower, especially for businesses owned by Thais.
Yes, companies must file annual financial statements, hold shareholder meetings, and fulfill tax filing obligations, among other requirements.
Common mistakes include submitting incomplete documentation, misunderstanding foreign ownership rules, choosing an inappropriate company name, or neglecting local permit requirements.
Yes, once your company is registered and meets suitable capital and employment requirements, you can sponsor business visas and work permits for foreign directors and staff.
The following organizations and governmental bodies can provide information and support for business registration in Lat Krabang:
If you are considering registering a business in Lat Krabang, Thailand, start by defining your business goals and structure. Gather all necessary documentation and research whether your chosen business activity is subject to restrictions or requires special permits. Consider consulting a qualified local lawyer or legal advisor to ensure compliance with Thai laws, avoid common pitfalls, and streamline the registration process. You can contact the Department of Business Development or visit the Lat Krabang District Office for more information. Legal experts can also assist with ongoing compliance, visa and work permit applications, and other business matters following registration.
