Company Structures

Business registration has increased as more foreigners are doing business in Thailand.During the second quarter of 2007, the Thai economy had expanded by more than 4%, with exports mainly serving as the main engine of growth for the greater Thai economy together with government spending. The latest economic figures this year has reflected that domestic demand was improving owing to greater political clarity, continued economic stimulus and lower inflation.

Doing business in Thailand has never been better than now. With regard to economic stability in Thailand, inflationary pressure continued to decline due to retail oil prices which had remained below the 2006 level this owing to a much stronger baht amongst other factors.

Doing business in Thailand, you have the choice over what type of business organization to establish. There are 3 different types of businesses which can be registered. There is a Thai partnership, a Thai representative office, or a Thai limited company. More common than not, a Thai limited company is the most commonly used form of business setup chosen by foreigners doing business in Thailand.

Thai partnership : Ordinary partnership is a business set up by a minimum of two persons.

Thai limited company : Private limited companies require a minimum of three promoters.

Thai representative office : There are terms and conditions to open a representative office.

Visit any of the above mentioned pages for a full explanation of the business structure of each option. Thai limited companies are chosen by most foreigners when doing business in Thailand. There are the options of starting a partnership or simply opening a representative office. Make certain you are aware of what business activity your company will be engaging in or simply contact Siam Legal for professional advice and assistance from any of our Thai lawyers or any number of our foreign lawyers. Doing business in Thailand can be profitable and hassle free. Let us take care of your legal needs. Contact us today.