marriage-in-thailand

Processing a Marriage in Thailand

As long as you comply with the regulations and take the right measures, processing a marriage in Thailand can be simple. Here is a summary of what you should know:

A Certificate of Freedom to Marry must be obtained from your country’s embassy or consulate in Thailand if you are a foreigner getting married in Thailand. This certificate, which declares that you are free to get married, normally has a three-month expiration date.

Translation of the Certificate You must have the Certificate of Freedom to Marry translated into Thai once you acquire it. You can accomplish this at the Ministry of Foreign Affairs’ translation service desk in Bangkok or at one of its regional offices.

Register the Marriage: The District Office (Amphur) where the ceremony will take place is where the marriage must be registered. You must bring your passport, a translated copy of the Certificate of Freedom to Marry, and any other required paperwork, such as a divorce decree from a prior union or income documentation.

Ceremony: The marriage must be performed by a registrar at the district office. You can choose to have a traditional Thai wedding or a Western-style ceremony. You need two witnesses, and if you don’t know Thai, you might want to bring a translation.

Marriage Certificate: Following the ceremony, you will be given a Thai marriage certificate. The Ministry of Foreign Affairs or a translation agency can provide an English translation of this certificate.

Note that based on your particular scenario, there can be additional needs or steps. For more information, it is advised that you speak with a lawyer or the embassy or consulate of your home nation in Thailand.

Company Registration in Thailand

Limited Liability Company Registration in Thailand

A private limited company in Thailand is an ideal structure for most foreign businesses. It is a legal form with directors, shareholders (both Thai and foreign), promoters, and limited liability.

A limited company is an ideal way to protect individual investors from excessive financial risk as they can only lose the capital they invested in the company. However, the company must be registered first to ensure that it meets all legal and regulatory requirements.

Company Registration in Thailand

If you are interested in registering a company in Thailand, there are several types of business structures that you can choose from. These include Limited Liability Company (PLC), Joint Venture, and Partnership.

The process of registering a private limited company is regulated under the Civil and Commercial Code of Thailand. It is a popular business structure among foreign investors, as it provides flexibility and allows you to engage in many activities.

The process of registering a company in Thailand involves choosing a name for the company and submitting the required documents to the Department of Business Development. Once the company is registered, it can open a corporate bank account and make use of internet banking.

Memorandum of Association (MOA)

The Memorandum of Association (MOA) is a legal document that the founders of the company must prepare before applying for company registration. It must be signed by all the directors and members of the proposed company.

It contains the name of the company, its registered address, and the act under which it is formed. It must also specify whether the company is limited by shares, or limited by guarantee, etc.

It should also mention the authorized capital or nominal capital and how it is divided into preference share capital and equity share capital. It also specifies the number of shares that are to be issued and the value.

Shareholders

A limited liability company is Thailand’s most popular business structure. It’s similar to a Limited Liability Company (LLC) in other countries and can be established quickly and easily online.

Shareholders can be individuals, corporate entities or organizations that own a share of stock in the company. They have the right to receive dividends, request an extraordinary shareholder meeting, control the company’s transactions and sue for damages.

Typically, a limited company is formed by a minimum of three founders who are required to subscribe to shares and pay up the company’s capital. They can also choose to issue preference shares which gives them additional voting and dividend rights.

Directors

One of the most popular approaches for foreigners to do business in Thailand is to set up a limited liability company. This is a flexible business structure that allows you to control your own assets and pay less in taxes than you would as a C-corporation.

A Thai limited company consists of a minimum of three shareholders and is managed by a director. In addition to the basic rights of shareholder participation, the directors have fiduciary duties to both the shareholders and the company.

The law imposes certain requirements as to the powers of the directors to bind the company in a legal sense by affixing their signatures in conjunction with the company seal. This can include a sole signature or joint signatures from a majority of the signatories.

Accounting

Accounting is a necessary part of any business. It helps to determine the financial state of the company and the shareholder’s list. It also lets third parties such as banks and private money lenders know that the business is reliable.

In Thailand, there are three main types of business organizations – partnerships, limited companies, and joint ventures. These differ in the liability of partners.

The most popular type of business is the Limited Liability Company because it offers a great deal of flexibility. In addition to limiting individual partner liabilities, the company itself is liable only to the amount of its capital. This makes it an attractive option for foreign investors.

Thai Retirement Visa

Eligibility Requirements for a Thailand Retirement Visa

As a popular destination for retirees, Thailand offers a retirement visa that allows foreign nationals to stay in the country for an extended period. However, to be eligible for a retirement visa, applicants must meet certain requirements set by the Thai government.

Eligibility Requirements

One of the primary eligibility requirements for a Thailand retirement visa is age. Applicants must be at least 50 years old at the time of application. Additionally, they must have a valid passport with a minimum validity of 18 months, and they must not have any criminal record.

Another crucial requirement is that applicants must have proof of financial stability. They must demonstrate that they have a minimum of 800,000 Thai Baht (approximately $26,000 USD) in a Thai bank account or a monthly income of at least 65,000 Thai Baht (approximately $2,100 USD). This financial requirement is to ensure that the retiree can support themselves while living in Thailand.

Furthermore, applicants must provide proof of their health status. They must undergo a medical examination and obtain a medical certificate from a certified physician. The certificate should confirm that the applicant has no contagious diseases and is in good health.

In addition to the above requirements, applicants must also provide a police clearance certificate from their home country, which should indicate that they have no criminal record. They must also complete a visa application form and submit it to the nearest Thai embassy or consulate.

The requirements for a Thailand retirement visa may vary depending on the applicant’s country of origin. Therefore, it is advisable to check with the nearest Thai embassy or consulate for specific requirements.

Application Process for a Thailand Retirement Visa

The application process for a Thailand retirement visa is straightforward but requires careful attention to detail. Applicants must follow the following steps to apply for the visa:

Step 1: Obtain the Required Documents Before starting the application process, applicants must gather all the required documents, which typically include:

  • A passport with a validity of at least 18 months
  • A completed visa application form
  • Proof of financial stability, such as a bank statement or income statement
  • A medical certificate from a certified physician
  • A police clearance certificate from the applicant’s home country
  • Two passport-sized photographs

Step 2: Submit the Application Once all the necessary documents are in order, applicants can submit their visa application to the nearest Thai embassy or consulate. They can do this in person or by mail. If applying in person, applicants should expect to pay a visa fee and have their photograph taken at the embassy or consulate.

Step 3: Wait for Processing The processing time for a Thailand retirement visa can vary depending on the applicant’s country of origin and other factors, such as the embassy or consulate’s workload. Applicants should expect to wait between two to four weeks to receive a decision on their application.

Step 4: Receive the Visa If the application is successful, the Thai embassy or consulate will issue the visa, which will be stamped in the applicant’s passport. The retirement visa typically allows the holder to stay in Thailand for up to one year, after which they will need to apply for a renewal.

The application process for a Thailand retirement visa may vary depending on the applicant’s specific circumstances, such as if they are already in Thailand on a different type of visa. Therefore, it’s essential to consult with the nearest Thai embassy or consulate for specific instructions before starting the application process.

In conclusion, to be eligible for a Thailand retirement visa, applicants must be at least 50 years old, have proof of financial stability, good health status, and no criminal record. It’s essential to ensure that all the required documents are in order before submitting the application to avoid delays or rejection.

LTR Thailand Visa

Eligibility Criteria for the Thailand LTR Visa

The Thailand Long Term Resident (LTR) Visa is a popular option for individuals who wish to stay in Thailand for an extended period of time. This visa allows holders to remain in the country for up to five years and provides a variety of benefits, including the ability to work, own property, and access healthcare services. However, in order to be eligible for the LTR Visa, applicants must meet certain criteria. In this article, we will explore the eligibility requirements for the Thailand LTR Visa.

Age Requirements

One of the key eligibility criteria for the LTR Visa is age. Applicants must be at least 50 years old in order to qualify. This age requirement is designed to attract retirees and individuals who are looking to live in Thailand on a long-term basis. It is important to note that there is no upper age limit for the LTR Visa, so even individuals in their 70s and 80s may be eligible to apply.

Financial Requirements

In addition to age, applicants for the LTR Visa must meet certain financial requirements. Specifically, they must demonstrate that they have a minimum monthly income or lump sum in the bank. As of 2021, the minimum monthly income requirement is THB 65,000, which is roughly equivalent to USD 2,100. Alternatively, applicants can show a lump sum of at least THB 800,000 (approximately USD 25,000) in a Thai bank account. This money must have been in the account for at least two months prior to the application.

It is important to note that the financial requirements for the LTR Visa can change over time. For example, in 2020, the minimum monthly income requirement was THB 100,000 (approximately USD 3,200). Applicants should always check the latest requirements before submitting their application.

Health Insurance Requirements

Another key eligibility criteria for the LTR Visa is health insurance. Specifically, applicants must have health insurance that covers them for the duration of their stay in Thailand. This insurance must provide at least THB 40,000 (approximately USD 1,300) in outpatient coverage and THB 400,000 (approximately USD 12,500) in inpatient coverage.

There are a few important things to keep in mind when it comes to the health insurance requirement for the LTR Visa. Firstly, the insurance policy must be provided by a Thai insurance company. Additionally, the policy must cover the entire duration of the applicant’s stay in Thailand. Finally, the policy must be in the applicant’s name, and the applicant must be able to provide proof of insurance when applying for the LTR Visa.

Criminal Record Requirements

Applicants for the LTR Visa must also meet certain criminal record requirements. Specifically, they must not have a criminal record in Thailand or in their home country. This requirement is designed to ensure that individuals who pose a security risk are not able to stay in Thailand on a long-term basis.

To meet this requirement, applicants may need to provide a police clearance certificate or similar documentation. This documentation should be issued by the relevant authorities in the applicant’s home country and should demonstrate that the applicant has no criminal convictions.

Other Requirements

In addition to the requirements outlined above, there are a few other things that applicants for the LTR Visa should keep in mind. Firstly, they must be able to demonstrate that they have a genuine reason for wanting to stay in Thailand on a long-term basis. This could include things like wanting to retire in Thailand, wanting to start a business, or wanting to be closer to family members who live in the country.

Applicants should also be prepared to undergo a medical examination as part of the application process. This examination is designed to ensure that applicants do not have any infectious diseases or other health conditions that could pose a risk to public health in Thailand.

Finally, it is important to note that the application process for the LTR Visa can be quite lengthy and complex. Applicants will need to complete a variety of forms, provide documentation, and potentially attend an interview at the Thai embassy or consulate in their home country. It is recommended that applicants begin the process well in advance of their planned travel dates in order to avoid any delays or complications.

Conclusion

The Thailand Long Term Resident (LTR) Visa is a popular option for individuals who wish to stay in Thailand for an extended period of time. However, in order to be eligible for the LTR Visa, applicants must meet a number of criteria, including age, financial stability, health insurance coverage, and a clean criminal record. By understanding these eligibility requirements and taking the necessary steps to meet them, individuals can increase their chances of successfully obtaining the LTR Visa and enjoying all of the benefits that it provides.

Thai Elite Visa

What are the Benefits of Thai Elite Visa?

Thailand is a popular destination for tourists and expatriates alike, thanks to its warm weather, beautiful beaches, rich culture, and delicious food. For those who are interested in staying in Thailand for an extended period, the Thai Elite Visa program is an excellent option to consider. In this article, we will explore the benefits of the Thai Elite Visa, including long-term stay, exclusive services, and access to a variety of events and activities.

Long-term Stay in Thailand

One of the primary benefits of the Thai Elite Visa is the long-term stay that it provides. The Thai Elite Visa is available in five, ten, or twenty-year options, and each option allows the holder to stay in Thailand for a maximum of one year per entry. This means that those who choose the twenty-year option can enjoy a total of twenty years in Thailand without needing to leave the country.

This extended stay is particularly beneficial for retirees or those who have the flexibility to work remotely. Rather than having to constantly apply for visas or renewing their visa, holders of the Thai Elite Visa can enjoy a more relaxed lifestyle, knowing that they can stay in Thailand for an extended period.

VIP Airport Services

Another significant benefit of the Thai Elite Visa is the VIP airport services that come with it. Upon arrival in Thailand, holders of the Thai Elite Visa can enjoy expedited immigration and customs clearance. They also have access to VIP lounges at several airports throughout the country, where they can relax and enjoy complimentary food and drinks while waiting for their flight.

The VIP airport services are particularly useful for frequent travelers or those who have long layovers in Thailand. Rather than having to spend hours waiting in line at immigration or searching for a place to rest, holders of the Thai Elite Visa can enjoy a more comfortable and hassle-free airport experience.

Exclusive Events and Activities

The Thai Elite Visa also provides access to a variety of exclusive events and activities. These include golf and spa packages, yacht charters, and cultural activities such as cooking classes and temple visits. There are also regular social events, including networking opportunities, cocktail parties, and gala dinners, where holders of the Thai Elite Visa can meet and socialize with other like-minded individuals.

These exclusive events and activities are a great way to experience the best that Thailand has to offer. They also provide an opportunity to meet new people and make new friends, which can be particularly valuable for those who are new to the country or who are looking to expand their social circle.

No Work Permit Required

Holders of the Thai Elite Visa are not required to obtain a work permit to work in Thailand. This means that they can work remotely or start their own business in Thailand without having to go through the lengthy and often complicated process of obtaining a work permit.

This is particularly beneficial for digital nomads or entrepreneurs who are looking to set up a business in Thailand. Rather than having to navigate the complex work permit system, holders of the Thai Elite Visa can focus on building their business or working remotely, knowing that they are legally permitted to do so.

Ease of Application

Applying for the Thai Elite Visa is relatively straightforward, and the process can be completed online. Applicants must provide a variety of documents, including proof of income or assets, a copy of their passport, and a medical certificate. They must also pay an application fee, which ranges from 500,000 to 2 million Thai baht, depending on the package chosen.

While the application process can be time-consuming, it is generally straightforward and easy to understand. Additionally, the Thai Elite Visa team is available to provide assistance throughout the application process, ensuring that applicants have all the information they need to complete their application successfully.

Conclusion

In summary, the Thai Elite Visa is an excellent option for those who are looking for an extended stay in Thailand. With its long-term stay, VIP airport services, exclusive events and activities, no work permit requirement, and ease of application, the Thai Elite Visa provides a variety of benefits that are attractive to many individuals.

For retirees, digital nomads, or those who have the flexibility to work remotely, the Thai Elite Visa provides the peace of mind that comes with knowing they can stay in Thailand for an extended period without having to worry about visa applications or renewals.

The VIP airport services are also a significant benefit for those who frequently travel to and from Thailand, as they can enjoy a more comfortable and stress-free airport experience.

The exclusive events and activities that come with the Thai Elite Visa are also a great way to experience the best that Thailand has to offer, meet new people, and expand one’s social circle.

Finally, the fact that holders of the Thai Elite Visa are not required to obtain a work permit to work in Thailand is a significant advantage for digital nomads and entrepreneurs who are looking to set up a business in Thailand.

While the cost of the Thai Elite Visa may be higher than other visa options, the benefits that come with it can make it a worthwhile investment for those who are looking for an extended stay in Thailand.

In conclusion, the Thai Elite Visa is an excellent option for those who are looking for a hassle-free, long-term stay in Thailand. With its many benefits, including exclusive events, VIP airport services, and no work permit requirement, the Thai Elite Visa provides a unique and attractive option for those who want to experience the best that Thailand has to offer.

Contract Legal Review in Thailand

Contract Legal Review in Thailand

If you have entered into a contract in Thailand and you are unsure about whether or not it is legally binding, you may want to have a Contract Legal Review performed. Getting a law firm or lawyer that specializes in contract legal reviews is highly recommended. Thai contract review lawyers can explain all the details of a contract and suggest factors in line with Thai law. In addition to contract legal reviews, they offer free consultations.

Retaining the Service of a Contract Lawyer

A foreign attorney has an advantage in contract legal review in Thailand as they can foresee possible pitfalls that a non-Thai may face. They can weigh the implications of having different laws in various jurisdictions, and can look for unequal rights or legal ambiguities. They can also provide insight into how to protect your interests and minimize the risk of a contract getting out of hand. They have the right knowledge to advise you on the best way to resolve a potential contract dispute.

Law Office in Thailand

If you are seeking a lawyer in Thailand to help you with your contract, there are many advantages to working with them. For example, you will be able to get a contract reviewed without leaving your home. This is an excellent option if you live in Thailand and need to get the contract reviewed before you enter into a new agreement.

Cost of Contract Legal Review

Contract legal review is essential to protect your business. Many top officials are in a rush and have too much on their minds. Hiring a legal professional to review your contract can help you avoid costly lawsuits and avoid unnecessary complications. You can save yourself a lot of hassle by hiring a contract legal reviewer with litigation experience. These experts can help you understand your contract in detail and determine whether it is in your best interests.

Requirements for a Contract Legal Review

One of the best ways to protect your interests when buying property in Thailand is to have a contract legal review done. These reviews will ensure that all of the terms of the contract are fair and legal. The lawyer who drafts the contract will always be acting in the best interests of the seller, so you should be able to expect a fair deal. In addition to ensuring that you get the best deal possible, contract reviews will also protect you from any legal pitfalls that can ruin your property purchase.

Property Title Deed Transfer in Thailand

Title Deed Transfer in Thailand

Upon settling in Thailand, you’ll want to make sure you know the legal jargon for property title in Thailand. In this article, we’ll cover Nor Sor 3 Kor, Chanote, Possessory right, and Full title deed. In addition, we’ll explain what these terms mean. And, of course, why they are important. In addition, we’ll go over some of the main types of property titles in Thailand, including those that grant the legal right to build.

Nor Sor 3 Kor

If you are looking to transfer your Thai property title, you may want to know the differences between Chanote and Nor Sor 3 Kor. Chanote is the higher title for investors and is GPS surveyed with unique numbered posts. The document can be transferred in less than a day, while Nor Sor 3 Kor is not as precise, but is still the most common title type in Thailand. Chanote is a better option if you’re transferring a piece of land quickly.

Chanote

Unlike Torrens Title in Australia, the Thai land ownership system is based on the concept of several title deeds. Most land titles in Thailand are issued by the Land Department and fall into one of seven categories. Five of these titles are issued by government departments, but there are several important differences between them. The title deed in the land owner’s hand and the version in the land office are inherently susceptible to manipulation.

Possessory right

When transferring a title in Thailand, there are two types of possession: possessory right and usufruct. Possessory right is the least recommended type, as it has little substantiation by the Land Department or the Local Administrative Office. Possessory right is also not recognized for the registration of superficies or leases against land. It is possible to buy land in Thailand via possessory right, but you should seek legal guidance when buying a pre-construction property.

Full title deed

A full title deed is a legal document that grants full ownership and legal rights to a plot of land. These rights are necessary for selling, leasing, and transferring land. The deed also helps protect the property from interlopers. According to Thai law, owners must use the land they own or risk the Land Department repossessing it for five years. In addition, having a full title deed increases the land’s value.

Foreign Exchange Transaction form

In order to transfer a title deed in Thailand, foreigners must present a Foreign Exchange Transaction form. Foreigners who do not have income in Thailand must provide proof that the funds were obtained from abroad. Most often, the bank that exchanged the funds will issue the form. The form will indicate the name of the condominium, unit number and the amount of money to be transferred to the developer’s bank account.

Due Diligence in Thailand

Property Due Diligence in Thailand

The first step in performing Property Due Diligence in Thailand is to get a full investigation done before signing any papers. In most cases, the process involves a comprehensive search for legal problems and documents. It may also include an investigation of the property. The lawyer conducting your due diligence can provide you with the information that you need to protect yourself from scammers. There are several steps to complete the due diligence process. Listed below are some of the most important steps that you must take.

Document review

In Thailand, the due diligence process involves a thorough investigation of property details. The property due diligence in Thailand process includes document review, comprehensive search for legal problems, and investigation of the property itself. The due diligence process also involves asking questions to establish the legal ownership of the property, its reliability, and the condition of its infrastructure, including its telephone and sewage systems. It also involves the investigation of a seller’s financial status.

Comprehensive search for legal issues

Buying a home or investing in a business requires a great deal of foresight and preparation. Fortunately, Thailand is becoming an increasingly popular place for foreigners to buy second homes. Whether you plan to invest in an apartment or a luxury villa, you should conduct a comprehensive search for legal issues before you make a purchase. The following tips can help you avoid costly mistakes and avoid losing money on a deal that does not meet your expectations.

Investigation of the property

If you’re planning to purchase a property in Thailand, you should perform proper Thai due diligence to avoid any legal issues that may arise. This involves reviewing financial statements and other documents and thoroughly investigating the property. You should also inquire about the legal status of the seller and the property’s infrastructure, including sewage and telephone systems. Moreover, you should check whether the property’s boundaries and other details are consistent with the title deed.

Servitude checks

When buying a property in Thailand, it is vital to perform Thai due diligence. This includes checking property title documents for servitudes, building permits, and litigation cases against the owner. Servitudes are liens placed on land for the benefit of another property. Thai lawyers can perform these checks on your behalf. Having your property title documents checked by a Thai lawyer can be crucial to the transaction. The following are some basic steps to conduct your due diligence in Thailand.

Land ownership laws

Land ownership laws in Thailand make it difficult for foreigners to purchase real estate in the country. While the Land Code Promulgating Act clearly states that foreigners can purchase land in Thailand, it hasn’t been in place for nearly 50 years. Foreigners can acquire land in Thailand only through a treaty. Fortunately, there are ways around this problem. Listed below are the main points to keep in mind when purchasing land in Thailand.

Prenuptial Agreement in Thailand

Preparing a Prenuptial Agreement in Thailand

If you and your partner plan to marry in Thailand, you should draft a Prenuptial Agreement. This legal document specifies how you will divide your assets and liabilities during the marriage. It is a legal document that must be signed before two witnesses and registered at the same time as your marriage. To protect your interests, you should have a lawyer review your agreement before signing. In Thailand, it is common for a prenup to contain no restrictions on child support or property.

Prenuptial Agreement Between Parties

In Thailand, the Civil and Commercial Code contains a section that regulates prenuptial agreements. In order to be enforceable, the agreement must be signed by both parties and witnessed by at least two witnesses. Once it is signed, it must be registered at the same local district office as the Thai marriage registration. This way, if either party decides to divorce before the prenup is completed, the prenup will be registered. The document cannot be changed after the Thai marriage registration.

As a Legal Document

A Prenuptial Agreement is a legal contract between two parties prior to the wedding. It is not enforceable in Thailand if the wife files for divorce due to the husband’s infidelity. Thailand’s Civil and Commercial Code outlines the rules for this document. Basically, it states that it cannot be altered after the wedding without the court’s consent. Thai law also requires that any spouse who is underage must obtain the consent of his or her parents, guardians or legal representative. The agreement specifies the debts of both parties. In Thailand, for instance, a husband’s debt will be personal, while his wife’s debt will be business-related.

Conditions of Prenuptial Agreement

It must be signed in front of 2 witnesses

In Thailand, a Thai prenuptial agreement must be signed in front two witnesses. The agreement must be related to property laws, including the Thai property system. It cannot include terms relating to the custodian, divorce, or the infatuation of one of the parties. A Thai family law lawyer can help you draft the agreement and make sure it is valid in Thailand.

It must be registered at the same time as the marriage

If both parties are willing to sign a Thai prenuptial agreement, it must be registered at the same time as the wedding. In Thailand, a prenup is legally binding and cannot be altered after the marriage. In addition, it cannot affect the rights of third parties, provided they act in good faith. If you are planning to marry in Thailand, you should consult with a family lawyer.

It should be drafted by a licensed competent legal professional

In Thailand, the Thai Prenuptial Agreement is a legal document that protects the personal property of each spouse during the marriage. It prevents unnecessary disputes about who owns certain items. A Thai prenuptial agreement in Thailand will also protect your personal property rights in case you divorce. It serves as legal evidence that you brought your personal property to marriage and what you’re entitled to.

Company Registration in Thailand

Company Registration in Thailand

If you’re thinking of starting a business in Thailand, you’ve probably heard of the steps and requirements for Company Registration. But what about minimum capital requirements? How much money does it cost? How much does company registration in Thailand really cost? And what are the forms required? Read on to find out! Also, get an overview of the process in this article. There are also answers to some common questions about company registration in Thailand. We’ll explore those questions as well as the cost involved.

Forms of company registration in Thailand

The forms of company registration in Thailand include an application form, shareholder list, director forms signed by the directors, and a Declaration of Business Operation form. The company’s stamp acts as its signature for all business activities, and it will also provide a taxpayer identification number. As part of the Treaty of Amity, US companies are allowed to hold a majority of the shares in a Thai company. After company formation, the director must meet with the Department of Business Development to discuss all documents and sign them.

The Memorandum of Association is another important document to complete during the company registration process. This document specifies the name and address of the company, and the objectives and capital to register. It must also specify how many shares of the company are issued and how much each share is worth. There must be at least three promoters of the company to complete the process. A special form is available at the registrar for registering the Memorandum of Association.

Minimum capital requirements for company registration in Thailand

For a foreign business to be able to conduct the reserved business in Thailand, it must have a Foreign Business License. For this to happen, the branch office must apply for this license, which will be granted after it has fulfilled all the requirements and received approval from the government. The capital required for the registration of a foreign branch office must be greater than the average annual operating costs of the company over three years. In addition, the capital must be at least 3 million baht.

The capital requirement for a Thai company depends on the purpose of the company, but it is generally two million baht. Each additional work permit requires another two million baht in registered capital. Depending on the type of company, the minimum capital may vary. A majority-owned Thai company will need at least three million baht of capital. The same is true for manufacturing and sourcing companies. Alternatively, a company with limited activities must have at least 100,000 baht of capital in order to register with the government. However, many banks do not open accounts for companies with less than this amount.

Cost of company registration in Thailand

The total cost of company registration in Thailand is about 25,000 THB. The minimum capital required to a company registration in Thailand is Baht 5 per share. If the company has three shareholders, it will cost around Baht 15 per share. No matter the capital amount, the government fee to register a company is the same. You can also register a private company with a minimum paid-up capital of 25% or with a fully paid-up capital of 100%.

In Thailand, it is mandatory for promoters to own a minimum of one share. If they don’t wish to be shareholders, they may transfer their shares to other parties. This particularity is only applicable in Thailand. When registering a Thai company, you must supply at least three possible names for the company. However, if the chosen name is already used or is inappropriate, the registrar has the right to reject it.