Best New Business Formation Lawyers in Surat Thani

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Fairfax Law Firm Company Limited

Fairfax Law Firm Company Limited

Surat Thani, Thailand

Founded in 2020
5 people in their team
About Fairfax Law FirmHere's a little information about Fairfax Law Firm. We are based in Koh Phangan, Thailand and are a team of licensed lawyers,...

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?
Business Registration
New Business Formation
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 Surat Thani, Thailand:

New Business Formation in Surat Thani, Thailand involves several legal processes that must be completed in compliance with Thai law. This can include registering your company, obtaining relevant permits and licenses, and adhering to employment laws. The framework governing these areas is complex and subject to frequent changes, therefore, specialized legal assistance is often required.

Why You May Need a Lawyer:

Establishing a new business in Surat Thani involves navigating complex Thai regulations and legal processes which often become a barrier for many entrepreneurs. Understanding the complicated tax laws, securing permits, understanding employment laws, drafting contracts, and avoid legal pitfalls can all become overwhelming without expert advice. A lawyer experienced in new business formation can guide you through every stage of the process, ensuring your compliance with Thai laws and minimizing the risk of potential legal issues later down the line.

Local Laws Overview:

In Surat Thani, as well as the rest of Thailand, new businesses must first register with the Department of Business Development. Additionally, businesses must obtain various permits and licenses depending on the nature of their activities. Employment laws are also strictly regulated, including rules surrounding working hours, compensation, and employee rights. Furthermore, new businesses must adhere to the fiscal legislation, which includes a range of tax obligations and financial reporting requirements.

Frequently Asked Questions:

1. Can a foreigner establish a business in Surat Thani, Thailand? Yes, foreigners can establish a business in Surat Thani, Thailand, however certain rules and restrictions apply.

2. Do I need a physical office to set up a business in Surat Thani, Thailand? The requirements for a physical office may vary depending on the nature of your business. It is advisable to consult with a legal professional in this regard.

3. Can I hire foreigners in my new business? Yes, you can hire foreigners, but there are quota limitations depending on the capital of your company.

4. How long does the process for registering a new business take? Normally, the process can take a few weeks up to a couple of months depending on the complexity of your business.

5. What are the tax obligations for a new business? New businesses are obligated to pay various local and national taxes, which can vary depending on the size, industry and structure of the business.

Additional Resources:

The official websites of the Thai Government, Department of Business Development and Revenue Department are excellent resources for up-to-date information. The Board of Investment also provides resources and incentives for foreign investors.

Next Steps:

If you are considering establishing a business in Surat Thani, Thailand, consult with a lawyer specializing in new business formation to ensure that the process runs smoothly from beginning to end. Your lawyer can assist you with understanding and complying with local laws, identifying potential legal issues and avoiding common mistakes. By doing so, you can focus your energy towards running and growing your business successfully.

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.