Procedures for foreigners to set up companies in Thailand:
1. Company name
Provide 3-5 English company names, the company name confirmation time is 3-5 days, and the registration application documents must be submitted within 1 month after the company name confirmation. Why do you want an English name? Because most of the investors we contacted in China can't write Thai, and they can't write Thai names if they want to sign them. )
2. Register the company website
Copy of land lease contract, real estate license of landlord or property legal person, land certificate, Google address map screenshot information.
3. Shareholder identity information
Copy of ID card and household registration book of Thai shareholders (signature)
Copy of foreign passport, copy of visa page, copy of entry page, certificate of highest education. (signature)
4. Design the company seal mark
Company seal design, +Thai society is mainly based on signature, with many official seal standards and various shapes, and the official seal shape is free to play, generally Logo+ English name (+Thailand).
5. Draft the registered capital
Generally starting from 500,000 baht, the upper limit is not capped. The minimum registered capital of a company with foreign shareholders is 2 million baht. Because of the registered capital of 2 million baht, the Ministry of Labor gave a work permit. If you need to apply for a work visa, you need at least 200 baht. Thailand's registered capital adopts subscription system, and there is no need for all capital verification at one time. However, if there are foreign shareholders, sufficient capital verification is required. Not only foreign shareholders need capital verification, but also Thai nationals need capital verification.
Then some people will doubt whether the more registered capital is written, the better. Register10 billion, which shows their strength. In the actual operation of the company, the registered capital has a great relationship with the expenses of the registered company and the later financial accounting. The higher the registered capital, the higher the later cost. It is not recommended to write too much at the beginning. It is generally recommended to write 2 million baht.
Time required for foreigners to set up a company in Thailand:
It usually takes 15-20 working days, which will be postponed in case of holidays.
The above is the general process for foreigners to set up companies in Thailand. If you have any questions about the registration of Thai companies, you can communicate with them.
6. Draw up the business scope
Where a registered limited company has 22 types of business scope, it already includes a very wide range of business contents. If it is necessary to increase it, it can be proposed and generally approved.
7. Open a bank account
Theoretically, after the company is registered, the company legal person needs to be present in person to open a company bank account, but it can be solved by technical means. If it takes 7 working days for the legal person to be present, it takes about 15 working days for the legal person not to be present.
How long does it take for foreigners to set up a company in Thailand?
Generally, it is 15-20 working days, and it will be delayed if there are holidays.