Establishing a Thai company in Chiang Mai has never been easier, faster or more affordable for you than it is now with the help of SANS.

Establishing a company in Thailand has never been easier, faster or more affordable than it is now with the help of SANS.

Whether you are an entrepreneur just getting started setting up a brand new company in Thailand or you already have reached some stage in the Thai company registration process and you discovered you need professional services – SANS is here to help.

SANS can provide all of the necessary accounting and business services, individually tailored to your needs, in order for you to establish and run your Thai company legally, efficiently and professionally.

SANS Business Services Thai Company Registration Packages will guide you through all of the necessary steps to get started and launch your Thai company.  And provide you with all of the necessary services to make sure you meet all of the required government obligations under Thai law, allowing you to not only set up – but to successfully operate your new company in Thailand.

Establishing a company in Thailand has never been easier, faster or more affordable than it is now with SANS.

What Type of Thai Business Structure Do I Choose?

There are three main classifications of Thai business structures.  We can assist you in choosing the most suitable of these corporate entities for your needs and then help you navigate the processes of making your vision a reality.

Sole Proprietorship

A Sole proprietorship is a businesses with singular ownership under Thai law, as set forth by the Ministry of Commerce. While this classification is generally restricted from foreign participation – there are other exemption options for setting up a majority foreign owned company such as the American Treaty of Amnity and BOI (Board Of Investment) companies.

We have the experience and expertise to help with both of these options.

Partnership

Thai Partnership incorporation in Thailand is an easy and simply defined partnership agreement between two or more individuals with either oral or written specific agreements to define responsibilities, investment structure and profit sharing.

While foreigners may participate in partnerships, there are limitations on a foreigners investment amount and ability to hold a management position without requiring adherence to the Foreign Business License Law.

Partnerships in Thailand are classified as either Ordinary or Limited based upon requirements defining such aspects of the partnership as: the required number of partners with limited liability, need for a managing partner and requirements to register the partnership.

Limited Company

Limited Companies are by far the most popular and commonly used company structure in Thailand. A Limited Company divides the capital into equal shares with liability limited based upon the amount of unpaid shares held by each of the shareholders.

Thai Limited Companies are seen as desirable company structures as there are a wide variety of eligible business activities from which to choose to participate in, they have a reliable and readily transparent structure, use verifiable accounting methods, and are generally considered safe and secure.

100% Foreign Owned Company

100% foreign owned companies are possible in Thailand when using the correct company registration structure. Though it is much more challenging to establish a majority foreign owned company in Thailand and often invites additional scrutiny as well as restrictions on the types of activities the business can engage in - for those who prefer complete ownership, it may be worth the added effort.

The American Treaty of Amity is one method for obtaining 100% foreign ownership of a company in Thailand. Though this method does require US citizens to be the majority shareholders and is restricted in certain activities, the established company is treated very much like a Thai majority shareholding company.

100% foreign ownership of a BOI company in Thailand is also possible and may even extend to some normally restricted activities listed in the FBA (Foreign Business Act), but will still face some restrictions pertaining to (List 1).

The (FBL), Foreign Business License is another method for a company operating in Thailand to maintain majority foreign ownership. A Foreign Business License does contain certain restrictions on activities, capital requirements and some discretionary items such as loan ratios, residence requirements and more. A Foreign Business License must be applied for -and the terms of the license dictated by - the Ministry of Commerce.

Steps Necessary to Establish My Thai Company

SANS provides a complete Thai company registration package, from A to Z, as a single service, at an affordable price.  Or custom services packages to address your specific needs.

The basic steps to establishing a Limited Company in Thailand are as follows:

Company Name Registration

Business name registration with the (DBD) Department of Business Development within the Ministry of Commerce.

MOA – Memorandum of Association

The Memorandum of Association includes the newly acquired company name, location, objectives, registered capital and names of the promoters.  It must then be submitted to the Department of  Business Development.

Statutory Meeting

The statutory meeting is held once the MOA has been approved.  This is where directorships and auditors are selected, regulations such as contained in Articles of Association are adopted, promoters payment amounts and contracts are defined and share preferences are established.

Registration of Thai Company

The Company Registration may be submitted to the Thai Ministry of Commerce on the same day the MOA has been approved – as long as the Statutory Meeting has already been held.  The company registration must be submitted within three months of the Statutory Meeting.

The company registration application requires very specific information concerning shareholders, shares and investment by Thai shareholders.

Corporate Income Tax and VAT Registration

Under Thai law, all companies must register with the Thai Revenue Department in order to obtain a tax ID within 60 days of initial incorporation.  VAT registration and acquisition of a VAT ID must be made within 30 days of having acquired  600, 000 THB in sales.

Corporate Bank Account

A corporate bank account can be established once the official registration process is officially completed.

Government Rules and Regulations I Need To Know

After the initial creation of your new Thai company – you will need to turn to organizing your accounts, payroll, visas and work permits.

SANS follow up Thai company registration services can also help you to navigate your way through the bureaucracy and burdensome regulations – after you have registered your company – with our  host of other essential ongoing accounting and   business services. 

Depending upon the type of Thai business entity and activities being engaged in – there may even be unique requirements concerning corporate reporting, changes in ownership composition, accounting standards and more.

SANS can assist you in avoiding common errors and taking advantage of every opportunity during this post company  registration process, so you can get your newly registered Thai company up and running properly.

Other Helpful Services That I Might Need

 

SANS Virtual Office Services

This service allows your Thai company to use our address in order to meet the company address obligation for setting up a new Thai company. Our Virtual Office Services can also be further combined with Virtual Secretarial Services to make sure any important incoming legal documents are properly received on behalf of your company.

Start your new Thai company with the help of our complete registration package and experience a smooth transition to successfully running and operating your business in accordance with Thai laws and regulations.

Request a Call Back

Find out why so many people who choose to start a Thai company in Chiang Mai turn to SANS for their business services.

Make an Appointment or Ask Us a Question

Any inquiry welcome!

    Testimonials

    A small variety of our satisfied clients share their experience with SANS.

    A business friend recommended me to SANS Business Services and I haven't looked back since. One aspect about SANS that achieved important results for my business was their good knowledge for contacts outside of the accountancy field: legal, visa and real estate contacts. If I were to start a new business in Thailand, I would have no better choice than continue with SANS Business Services. SANS Business Services is BETTER, CHEAPER AND FASTER! I very much recommend SANS if you would like a trusted, personal and faithful partnership for your business.

    Marc Spits Elephant Parade

    SANS has assisted me with the incorporation of companies, managed shares and land transfers. SANS has given excellent advice on the structuring and purchasing of land, and assisted many of my construction business clients in this area as well. Additionally, for 14 years, SANS has handled all the accounting/auditing for my 50 suite apartment block as well as my construction firm. I have no hesitation in recommending SANS for any business matters regarding company incorporation, visa/immigration, or accounting.

    Lance Bracken Lawafame Apartment Co, Ltd.

    I can highly recommend and feel extremely lucky to have come across SANS 12 years ago. Ever since the beginning Natural Agriculture has been using the services of SANS to support various processes. Foremost important is certainly accounting services as we have completely outsourced the accounting process to SANS together with the payroll and benefits management. We also make use of other services such as work permit extension, Immigration paperwork, income taxes and company creation. Basically SANS is our interface with any government dealings.Throughout all these years we have been extremely pleased with the professionalism, timeliness and accuracy of all services provided. With the support of SANS we have eliminated many headaches and have been able to concentrate more on our core values activities.

    Jacques Cavin Natural Agriculture Co. Ltd.

    I have worked in partnership with SANS for the last 4 years and they have always gone beyond the call of duty. SANS is the only business that I would trust to have access to our online banking. We entrust all payments through SANS, 90,000,000 baht to date. SANS has a great team who come to manage our payroll (140 staff) and our accounts payable payments. After 4 years you really get to know your partners and I would call SANS as our most important partner. I genuinely recommend SANS in the full knowledge that SANS will give you far more than any of their competitors.

    Giles Fisher Shadow Flies
    About Us

    SANS Business Services

    We Offer You Comprehensive Solutions for Every Type of Business – Big or Small.

    SANS is your trusted and dedicated business services company in Thailand. From registering a new Thai company or exploring our full service accounting packages; including accounts training & software to assistance with all Thai visas & work permits as well as complete BOI services.