Setup Thai Association

in Thailand

How to Establish a Thailand Foundation

Foundations are commonly used as a vehicle for philanthropic individuals to share their blessings to the less fortunate. The Thai Commercial and Civil Code defines a “foundation” as assets arranged only for the purpose of charity, religion, arts, science, literature, education, or any public interest that are duly registered under the regulations of the law. Furthermore, no trustee, director or any member may directly benefit from the profits earned by the foundation incidental to its operation.

Setting up a Thailand Foundation

The Thailand Ministry of the Interior has prescribed the rules and regulations for setting up of foundations through the legislation of The Ministerial Regulations of Regulations, Operation and Registration of the Foundation B.E. 2545 (2002).

The application form for the registration of a Thailand foundation may be submitted to the registrar of the district which has jurisdiction over the place where the principal office of the foundation will be established. Along with the application, the following documents are likewise necessary:

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	List of assets of the owners
	List of allocated assets for the foundation and registered document indicating the promise to donate these assets
	Copy of testament if an asset was given to the foundation by virtue thereof
	Name, address and profession of all the members of the board of directors of the foundation
	Regulations of the foundation
	Copy of ID card or other types of Identification cards issued by the government and copy of census registration of the owners and members of the board of directors (if he is a priest or a foreigner, other documents reflecting his status and address would suffice)
	Map of the principal office and its branch offices (if any) and the written consent of the landlord or owner of these properties 8.Minutes of the meeting convened for the establishment of the foundation

Upon receipt of the aforementioned papers, the registrar will check if there is an existing foundation with a similar name. If none, he shall evaluate whether the objectives of the proposed foundation has any relation with the duties under the control of the National Council of Cultural Affairs. If it is somewhat related, the papers will be forwarded to the said Council for approval. Consequently, if the registrar admits the application to register the Thailand foundation, a foundation registration certificate will be issued. This in effect allows the proposed foundation to operate in Thailand.

See also:

Thai Limited Company

Thai Partnership

Thai Representative Office

Thai Work Permit

CORPORATE & COMMERCIAL
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COMPANY REGISTRATION

THAILAND BOI