Malaysia Hotline: +603- 2141 8908
In
most cases, the preferred first step to setting up a new business in Thailand
is the establishment of a Thai Limited Company. In Thailand, there is no
Limited Liability Company (LLC) that can be quickly created. Instead, a more
formalized incorporation process takes place, for which there are two essential
documents; the Articles of Association and the Memorandum of Association, both
of which must be registered with the Thai Ministry of Commerce. Articles of
Association can be tailored to suit the specific needs of a company, as long as
the original shareholders and promoters (if different) agree to the terms in
writing.
Thai
Limited companies are the preferred route for setting up a business in
Thailand, largely because they are so similar to co-operations in other
developed nations. The process will therefore feel familiar to businesspeople,
even if they have little or no experience of business in Thailand. All limited
companies have directors, shareholders (both Thai and foreign in many cases),
promoters, and limited liability. In this case, limited liability means that
the shareholder in a Thai company can only ever lose what capital they
invested.
Aside
from familiarity, Thai limited companies are a popular way of doing business
because they offer any number ways of generating profit. Although there are
double taxation issues (on both the earnings of the company and dividends),
many of these issues can be easily resolved by rolling profits into the
salaries of directors and other shareholders.
Another
benefit of the Thai Limited Company is that the rights and obligations of all
parties are set down in writing, ensuring everyone has a clear understanding of
their legal standing within a company, unlike some joint ventures where a
number of duties and privileges can drift into a complex grey area. With a Thai
limited Company, all legal entitlements and responsibilities are clearly stated
and available for reference when required.
Contact us
If you have further queries, please contact Tannet
24 hours Malaysia hotline：603-21418908;
24 hours Hong Kong hotline：852-27837818;
24 hours Hong Kong hotline：86-755- 36990589;
Email: mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.net, http://en.tannet.com.my