Category: Company Registration
Buying Out an Existing Business in Thailand
Buying out an existing business, rather than starting one from scratch, is one possible option for foreign entrepreneurs in Thailand. One advantage for foreign entrepreneurs who choose to buy out an existing business is that the immigration and work authorization procedures may be smoother than if they started a new business. Foreign entrepreneurs must officially […]
Regional Operating Headquarters: Criteria for Special Privileges
In the previous article (How to Establish a Regional Operating Headquarters in Thailand), we addressed the basic definition of a Regional Operating Headquarters and how it is formed. As we mentioned, an ROH is a Limited Company set up in Thailand by a multinational corporation to provide management and technical services to enterprises in its […]
How to Establish a Regional Operating Headquarters in Thailand
A “Regional Operating Headquarters” or ROH or “regional office” refers to a Limited Company that is registered in Thailand in order to provide management and technical services to any enterprises in its corporate network. Normally, a multinational corporation will set up a regional office in order to manage its branch offices in the region. By […]
ASEAN Comprehensive Investment Agreement
On 26 February 2009, the economic ministers of the ten ASEAN member States signed the ASEAN Comprehensive Investment Agreement (the “ACIA”), which liberalized trade within ASEAN in the following fields: Agriculture Fishery Forestry Mining Manufacturing Pursuant to the terms of the ACIA, ASEAN nationals are able to operate foreign majority-owned firms in Thailand by […]
Applying for a Factory License in Thailand
As discussed in the previous article, a Category 3 Factory, as defined by Thai ministerial regulations issued pursuant to the Factory Act of 1992, is a factory that has over 50 horsepower or 50 workers or any factory which produces pollution (even if it has less than 50 horsepower or 50 workers). Category 3 factories […]
Setting Up a Factory in Thailand
In the previous post we discussed the different possible locations where one could establish a factory in Thailand. In this post, we will address the law with regards to setting up a factory, once one has already found the location. In Thailand, the main law that addresses the establishment of factories is the Factory Act […]
Opening a Thai Corporate Bank Account
Opening a corporate bank account is a key priority for foreign investors who are doing business in Thailand. Different Thai banks, and even different branches within the same bank, tend to vary in their strictness and the requirements necessary for a company to open a bank account; here we will describe the generalities common among […]
How to Register a Company in Thailand
Under Thai laws, companies are classified as follows: Thai Partnership Thai Limited Company Thai Partnership, is just like any other partnership which may either be ordinary or limited. A limited company in Thailand is one which is formed by dividing the capital into equal share, and the liability of the shareholders is limited to the […]
Utilizing the Thailand-Australia Free Trade Agreement (Continuation…)
What criteria must companies fulfill in order to be eligible to use the TAFTA? In order to enjoy the special privileges enabled by the TAFTA, the company in question must be eligible to apply for a Business Operations Certificate Section 10 of the Foreign Business Act. Within Section 10 is an outline for the criteria […]
Hotel Business in Thailand
Most of the time, starting a hotel as a business in Thailand is a very profitable undertaking; however it is subject to quite a significant amount of regulation. Step 1: Business registration and Ownership While a Thai national may register any form of business entity, a private company limited is the most suitable form of […]
