Read RELAX- RELAX MAGAZINE PATTAYA PROPERTYBloom

Setting up a Business in Thailand

Published on Friday, June 18, 2010 by Big Boss
Ad

The following is an overview of ‘establishing a business in Thailand’.

As in most countries, in Thailand there are three kinds of business organizations: Sole proprietorships, partnerships, and limited companies. The most popular form of business organization among foreign investors is the private limited company.

Private limited companies require a minimum of seven 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.

The Ministry of Industry administers The Factory Act, which governs factory construction and operation, as well as safety and pollution-control requirements. In some cases, factories do not require licenses, in other instances the requirement is simply to notify officials in advance of start-up, and in some cases licenses are required prior to commencing operations. Licenses are valid for five years, and are renewable.

Thailand recognizes three kinds of intellectual property rights: patents, trademarks, and copyrights.

The Patent Act protects both inventions and product designs and pharmaceuticals. The Copyright Act protects literary, artistic works, and performance rights, by making it unlawful to reproduce or publish such works without the owner’s permission. The Trademark Act governs registration of, and provides protection for, trademarks.

The Alien Occupation Law requires all foreigners working in Thailand to obtain a Work Permit prior to starting work in the Kingdom, except when they are applying under the Investment Promotion Law, in which case they have 30 days to apply.

Non-Immigrant visas provide the holder with eligibility to apply for a work permit, and allow the holder to work while the work permit application is being considered.

To find more information about establishing a business in Thailand such as industrial licensing, taxation, patents and trademarks, the cost of doing business in Thailand, and more please see http://www.boi.go.th by the Thailand Board of Investment.

Sie wollen ein Unternehmen in Thailand gründen und suchen weitere Infos über Industrie-Lizenzen, Besteuerung, Patente, Trademarks und Geschäftskosten? Dann sollten Sie sich unbedingt die folgende Website ansehen: http://www.boi.go.th des Thailand Board of Investment!

Для поиска дополнительной информации о создании бизнеса в Таиланде, например таких, как промышленное лицензирование, налогообложение, патентование и товарные знаки, стоимость ведения бизнеса в Таиланде и т.д.,зайдите на сайт: http://www.boi.go.th.

For å finne informasjon bedriftsetablering i Thailand gå til nettsiden til Thailand Board of Investment: http://www.boi.go.th . Her finner du blant annet informasjon om skatteregler, patent og intellektuell eiendomsrett og kostnader.

ข้อมูลอื่นๆ ที่เกี่ยวข้องกับการเริ่มต้น
ทำธุรกิจ ในเมืองไทยของชาวต่างชาติ สามารถค้นหาได้ที่เวปไซต์
http://www.boi.go.th

Ad
Have Your Say
Your Name ↓
Your Email ↓
Your Website ↓
Tell us what you think of this story ↓
You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>
Spring 2011 Issue
Promotion
Advertisements
Subscribe
Subscribe to our RSS feed and get site updates delivered immediately.
Featured Video
RELAX’s Calendar
February 2012
M T W T F S S
« Oct    
 12345
6789101112
13141516171819
20212223242526
272829  
RELAX
RELAX`s Rank