Company set up

Company set-up

Before starting a business in Thailand, we strongly recommend to all the clients to set up a new Thai company.

If you are serious about your business and protection of your assets, it should actually be the FIRST step you do here.

Limited liability company does exactly what its name suggests:

Creates a "buffer" between responsibilities that may arise from your business and your personal liability.

In other words, if something in your business goes not as planned and you generate loss, the loss is limited to the Company, all your other assets, outside the company, stay safe and protected.

The same applies for protection of your investment and assets in Thailand.

Protect yourself and your assets first. AND... Do not use nominees, it is illegal.
If somebody claims otherwise, do not trust that person.

Let's dig little bit deeper:

Just to outline a few checkpoints of the whole process:

Company name check-up
You need address for the Company, also called the seat or headquarters
relevant paperwork from the owner of the property, including title of ownership needs to be presented
you need Thai shareholders and Thai director (NO NOMINEES)
You need to set up all the shareholders and directors rules in Company bylaws properly
And at the end, you need to register your Company with relevant government body

For a start.

Thank you can get to step 2: work permit and non-b visa.

About Company set-up in Thailand

Setting up a company in Thailand looks like
"a template job", right?

Wrong.

Setting up a Company, no matter in what country, can be done 2 ways:

as a template job, with “friends”, help from Facebook and Google search
in a proper way
in totally wrong way, putting all red flags on you, setting up a company at your lawyer’s office, your accountant’s office and/or using nominees

We do not know anyone, who was able to set up Company in Thailand by himself alone. Not only because of the language barrier. Not only because complicated and vague processing by Thai authorities.

The main reason is – you are setting up a new legal entity and all its rules at this stage. And when 51 per cent of shares in the Company has to belong to a Thai person, for sure you want to set up all the rules, decision making, assets disposition and responsibilities right from the start. Right?

Contact

Free initial consultation:

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