Registering a Company in Thailand

Entrepreneurs that are interested to set up a new business in Thailand need a solid financial backup to begin with the idea. One should be more realistic about the capital amount even at the planning stage to lead it well.

For most entrepreneurs, the decision about whether it is the right time to start a business or not is more dependent on available funding. Although there are plenty of ways to receive financial support for your start-up, sometimes it can be risky as well. Even successful business ideas also fail just because of the lack of financial backup.

Thailand is known for its developing and industrialized economy that offers plenty of opportunities to foreign investors. In the present times, the country is experiencing considerable growth with extensive foreign demand, public investments, and domestic consumptions. In the southeast region, Thailand has become the second-largest economy in terms of GDP after Indonesia.

When you want to set up a foreign company in Thailand, it is important to get approval as per the FBA act in the country. Foreigners can avail license to set up a business under certain categories based on specific rules and regulations.

As opposed to common belief, setting up a new business in Thailand, being a foreigner, comes with lots of perks and benefits. If you don't know already, most people who think of moving to a different country in Asia and look forward to establishing a company of their own, Thailand is, without a doubt, their first choice and justifiably so. If you are wondering what some of these advantages are, read on.

• Supportive government

The most commonly recommended business structure in Thailand is a Private Limited Company. It is the best idea for the foreigner investors, and the legal formalities for the same can be completed with ease. It is good to know that the form and nature of the limited liability companies in the area are almost the same as that of Western countries. The shareholders, in this case, have limited liability towards the company’s unpaid parts of the shares, and it is preferably managed by the board of directors only.