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THAILIVING LAW

THAILIVING LAW

Rayong, Thailand

Founded in 2007
13 people in their team
THAILIVING LAW | Law Firm in Pattaya is established and managed by experienced licensed lawyers. We provide with quality legal advice and services to...
English
Thai

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?
Business
Business Registration
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?
Business Registration
Business
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?
Business
Business Registration
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 Law in Rayong, Thailand

In Thailand, all businesses need to be registered according to Thai law. In Rayong Province, regulations fall under the Civil and Commercial Code. This law states that businesses must be registered with the Department of Business Development under the Ministry of Commerce. The process for business registration includes selecting and reserving a company name, preparing a memorandum of association, convening a statutory meeting, registration of the memorandum of association and the articles of association, and obtaining a corporate seal.

Why You May Need a Lawyer

The business registration process in Thailand is complex. You may need a lawyer to help you navigate the legal requirements and processes, understand the local business culture, and protect your interests. There are restrictions on foreign ownership of companies, which a lawyer can help you navigate. Any mistakes made during the registration process can lead to legal complications down the road. A lawyer can ensure that all paperwork is correctly filed and assist in preparing necessary documentation.

Local Laws Overview

The Thai Foreign Business Act restricts certain types of businesses for foreign ownership without a proper license. If the company is majority-owned by non-Thai nationals, it may be deemed a foreign company and experience restrictions on business operations. Therefore, understanding and adhering to local and national laws is vital when registering a business in Rayong. It’s also important to note that Thailand has a Civil Law system, where court decisions do not create precedents.

Frequently Asked Questions

1. Can a foreigner register a business in Rayong, Thailand?

Yes, foreigners can register a business in Thailand but there may be restrictions on ownership percentages and types of businesses.

2. How long does it take to register a business in Rayong, Thailand?

The process typically takes between 4-6 weeks, depending on whether all necessary documents are prepared.

3. Do I need a business address in Rayong to register a business?

Yes, you need a business address in Thailand to register your business, which can be a physical or virtual office.

4. What details are required for registering a business?

Details such as company name, objectives, capital, shareholders' details, and directors' details are needed for registration.

5. Can I complete the registration process online?

No, the process requires at least one physical meeting to register a company in Thailand.

Additional Resources

For additional information or help, the Department of Business Development and the Thailand Board of Investment are excellent resources. They provide comprehensive guides and assistance on business registration in Thailand.

Next Steps

If you determine you need legal help with business registration in Rayong, the first step is generally to consult with a local business law attorney experienced in Thai law. They can provide guidance specific to your situation, help you understand and navigate the law, and prepare necessary paperwork.

Disclaimer:
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.