A private limited company in Thailand is often compared to a limited liability company or LLC in the west. There are certain financial protections associated with limited company registration that is important for you when conducting business here in Thailand. Limited company registration or ltd company registration will ensure that all partners in the company understand their legal standing and company role. To conduct business within the Kingdom, you will be required to form a company of some kind, and a private limited company is a popular choice for many reasons. Private limited company incorporation can be done in a time-effective manner when compared to other forms of company registration. Let our private company registration lawyers aid you in the process to make sure all of your paperwork is in perfect order.
In order to register a limited company, you will need to have at least three shareholders, with one or more of those shareholders being a Director of your private limited company. It is most common to have a Thai partner or partners holding 51% of shares in the company, but there are ways to have 100% foreign ownership
Limited company registration will move faster and be less expensive if you choose a Thai partner. The liability protections when you register a limited company are directly tied to the capital within the company. Therefore protecting shareholders from liability beyond that which the company itself has within it. Vize Counselor is the premier business registration service in the Kingdom of Thailand, and we will see to it that there are no problems when you set up a private limited company. Your business registration lawyer will be there with you for the entire process as you register a new company to make sure everything is in perfect order. Setting up a private limited company on your own can be pretty confusing, especially if you do not speak, read and write the Thai language fluently. Let us do the heavy lifting to ensure that all of your paperwork and documents are submitted correctly for your private limited company.
Setting up a private limited company in the Kingdom of Thailand has many benefits. Firstly, to operate a business in Thailand, you will first be required to register your business. Many foreign entrepreneurs choose the formation of a private limited company even if they eventually want to convert to another formation at a later date. One reason for this is the ease of access to this type of company; the process is much faster than setting up a more complex company type such as BOI. You will find that private limited company incorporation with the help of our business registration lawyers will take place in a timely and efficient manner.
Foreigners are welcome to conduct private limited company incorporation. There are several options available when you want to set up a private limited company. In most cases, you will want to have a Thai partner; a private company registration lawyer can help you in the process of finding the right partner. In some cases, a foreigner setting up a private limited company may request 100% foreign ownership. This is possible; however, you will still require at least three shareholders in your private limited company, with one or more of them taking on the duty of director. It is highly recommended to procure the services of professional private company registration lawyers to aid you in the process, as it might seem unnecessarily difficult to those not fluent in the Thai language.
The costs associated with opening a company in the Kingdom of Thailand will vary depending on the type of company you choose to set up, how many partners are in the company and whether or not you have a Thai partner in the business when you register. LTD company set up will be different for those that are seeking 100% foreign ownership. Private limited company incorporation is a popular choice for many reasons, including its protections and the time it takes to form. Hiring a local private company registration lawyer is recommended if you do not speak the Thai language.
The process of setting up a private limited company here in Thailand has many steps, and there is a lot of paperwork involved. Even for those people who can speak the Thai language, the process can be confusing. It is very important that everything is done right in order for you to benefit from the protections a private limited company provides. It is certainly recommended to contract the services of Thai private company registration lawyers to aid you through the process and procedures. If you are going to set up a private limited company, you want to make sure it is done correctly the first time to avoid any fees or penalties associated with operating a business in Thailand that is not registered correctly.
The time it will take to set up a private limited company will vary depending on what business you are looking to operate, how many partners, the number of company directors involved and several other factors. It will also take longer if you choose to set up a private limited company on your own, as the process can be a bit confusing and cumbersome. If you are not fluent in reading, writing and speaking the Thai language, it is recommended to acquire the services of a private company registration lawyer to ensure everything is done correctly and in a timely manner.