Best New Business Formation Lawyers in Chiang Mai
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List of the best lawyers in Chiang Mai, Thailand
Aphiwat Bualoi Law Office
Free Consultation: 1 hour
Lanna Lawyers
CSS Law Office Ltd.
CNX Legal Consultant
Chiang Mai Lawyer Online by Ana Law and Business.
Thai Lanna Law Office
Lexiam Law
Atlas Partners Law
Free Consultation: 1 hour
Chartdee & Banning Lawfirm
Thailand New Business Formation Legal Questions answered by Lawyers
Browse our 1 legal question about New Business Formation in Thailand and the lawyer answers, or ask your own questions for free.
- 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.
About New Business Formation Law in Chiang Mai, Thailand
Setting up a new business in Chiang Mai, like any other part of Thailand, requires one to adhere to both national and local laws. This involves several stages, including business registration, obtaining necessary licenses, and complying with employment and tax regulations. Knowing the right legal procedures is essential to avoid any potential pitfalls and law violations. Legal advice can provide entrepreneurs with valuable insights into local customs, plus the Thai legal and business landscape.
Why You May Need a Lawyer
You may require legal help when starting a business in Chiang Mai due to the often complex and varied nature of Thai law. A lawyer can guide you through the process of business registration, setting up company bank accounts, and securing necessary permits and licenses. Legal assistance is also crucial in navigating employment law, understanding tax obligations, drafting contracts, and avoiding any mistakes that could lead to legal repercussions.
Local Laws Overview
In Thailand, businesses are regulated under the Civil and Commercial Code, Labour Law and Tax Law. Foreign companies are also guided by the Foreign Business Act. These laws oversee matters ranging from business registration, types of business entities, to obligations regarding tax and employee benefits. Local regulations in Chiang Mai may also impact business operations, such as zoning laws or municipal codes.
Frequently Asked Questions
Question 1: What are the main types of business entities in Thailand?Answer 1: The primary types of business entities in Thailand are Sole Proprietorship, Partnership, and Limited Companies. Each has its own set of rules, obligations, and limitations.
Question 2: Can foreigners own 100% of a business in Thailand?Answer 2: Generally, this further depends on the type of business. Limited companies in Thailand must typically have 51% Thai ownership, but exceptions may be allowed under treaties or Board of Investment incentives.
Question 3: How is taxation for businesses handled in Thailand?Answer 3: Corporate income tax in Thailand is typically 20% of net profits, but rates can vary depending on circumstances. Other taxes include VAT, specific business tax and stamp duty.
Question 4: What is the minimum capital required to start a business in Thailand?Answer 4: This can be variable, depending on the type of company and the intended business activities.
Question 5: Do I need a physical office to register a business in Chiang Mai?Answer 5: Yes, having a physical office address in Thailand is necessary to register a company.
Additional Resources
For additional help, you can reach out to organizations like the Chiang Mai Chamber of Commerce, Thailand Board of Investment, or the Ministry of Commerce. These institutions can provide specialized assistance and resources for new businesses.
Next Steps
If you need legal help with new business formation in Chiang Mai, start by reaching out to a local business lawyer or consulting firm. They can assess your needs, provide counsel on following the right procedures, help you understand the pertinent laws, and protect your interests throughout the process.
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.