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ResourcesCorporate and Tax AdvisoryThailand Corporate LawHow Much Does it Cost to Register a Thai Company?

How Much Does it Cost to Register a Thai Company?

Transcript of the above video:

In this video today, at the title suggests, we are going to be discussing costs associated with the registration of a Corporation here in the Kingdom of Thailand. 

As is noted or as one can find throughout our channel, there are many, many videos with respect to details as well as overviews associated with Thai Company formation. I urge those who are interested in Thai Company registration to go ahead and check out those videos on this channel using the search function. There's many, many different videos that go into many different aspects of how Thai Corporate Law operates and how foreigners can benefit from setting up a Thai company. With respect to cost, and I am not trying to be opaque in this video, but costs are going to be very dependent on what exactly it is that the Thai company is looking to do.  It also is going to be very dependent on whether or not there is a foreign national involved with the company and is that foreign national going to need things like work permits and visas? Moreover is that foreign national going to be seeking certain benefits with respect to disproportionate voting shares, disproportionate rights with respect to dividends in a Thai Company; things of this nature. For example a foreign business license will have a substantial impact on the cost associated with the registration of a Thai Company. So all of these things should be taken into consideration with respect to costs, again not to be opaque, but things like the registered capital of a given Thai Company is going to dictate what the cost of registering the Thai company is as Ministry of Commerce regulations dictate that you have got to have, there is a certain fee structure associated and it goes up in association with the amount of registered capital that is registered on to a given company. So these things all are going to have a tremendous bearing on how much a Thai company costs. A very sort of limited Thai structure that is utilized for example, by a group of Thai nationals to do business in the Kingdom of Thailand is going to have a radically different cost structure associated with it then there is going to be associated with a preferred share corporate structure that is set up in order to facilitate, well not necessarily to facilitate specifically, but it's set up in order to facilitate business between a Thai and a foreign entity, or a Thai and foreign individuals, and on top of that you are going to need a foreigner to have a work permit and visa. Those are going to have tremendously different cost analyses; you are going to be looking at tremendously different costs. 

What to take away from this video? It is a good idea to simply have a synopsis or summary of what one wishes is to do with respect to or in association with registration of a Thai company here in the Kingdom, what they are looking to get out of it in terms of benefits, especially with respect to foreign nationals, are the foreign nationals looking to have work permits associated with a company, business visas associated with the company, etc. Those are going to have an impact on the overall cost of the company and then put together a synopsis as to what one wants to do as various corporate objectives may have specific licensing requirements or things like an import/export permit may need to be obtained in order to operate that company. Basically go ahead, create a synopsis, exactly what you are looking to do then contact professional and say “this is what I want to do, please give me a breakdown of the cost associated therewith”  and in fairly short order the legal professional in question should be able to generate up a quotation and provide some insight with respect to not only upfront costs but ongoing costs as well.