Company Registration in Thailand and Its Benefits

Anyone is entitled the right to start a business. As long as you have the funds to do so, no one will stop you. However, in order for you to be able to do business legally, company registration in Thailand is the very first thing that you should do. Through it, you would be able to open up a bank account for your business that you can use for your business transactions. In addition to that, people love doing business with registered companies for it is truly much safer for them that way. In other words, if your business is registered, then it would be much easier for you to acquire the trust of not only your prospect customers but also of your prospect partners. 

For foreigners, company registration in Thailand serves as a solution for them to be able to purchase a property and even live in Thailand. However, in order for them to be able to do that, the government of Thailand would first determine whether the business would be able to contribute to the economy of the said country or not. If they do think that the establishment of the company would be beneficial for them, then it would be much easier to have it registered and be granted with the necessary permits.

Through company registration in Thailand, it would also be much easier for you to be approved of a loan. After all, you need to prove that your business is a real one and one of the best ways for you to do that is through showing them your business registration together with the other requirements that they have asked from you. Of course, it is also essential for you to have your business registered if you wish to hire employees to your business.

Also, one more thing that is worth mentioning regarding the company registration in Thailand is that unless the business is under the special BOI or the Board of Investment program, it is not possible to establish a company that is fully owned by a foreigner. Apart from that, there is a need for you to know that the requirements for business registration may also differ, depending on what kind of company you wish to establish. For example, there may be a required minimum number of promoters for the company, which should be real persons.

On the other hand, the company registration in Thailand can be quite complex, especially for those who would be registering a business for the first time and for those who are not that familiar with the laws in the country pertaining to business registration. In such cases, it would be best to hire an attorney. After all, it involves a lot of documents to be processed and these documents are also filled in different government agencies in Thailand as well. So, are you now ready to have your own business in Thailand? If you do, just keep in mind the things that have been mentioned here.

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