Business Development Thailand
The pages below provide key information for the Thai marketplace
Economy
Information about the economy
Legal Entities / Ownership
In Thailand a foreigner can own 100% of a company. There are the following legal entity types in Thailand:
Contact Information
- Single proprietorship
- Partnership
- Private limited company - Private limited companies require a minimum of three promoters and must file a memorandum of association, convene a statutory meeting, register the company, and obtain a company income tax identity card. They must also follow accounting procedures specified in the Civil and Commercial code,the Revenue Code and the Accounts Act. A balance sheet must be prepared once a year and filed with the Department of Revenue and Commercial Registration. In addition, companies are required to withhold income tax from the salary of all regular employees.
- Limited partnership
- Public limited company)
- Joint venture
- Branch of a foreign corporation