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.