I have some question about company ownership. Currently, our company has a capital of Baht 2 million and 51% local ownership. Is there any way to change company to be 100% foreign ownership?
Panwa: Kindly note that in case you would like to change company to be 100% foreign owned, you can do with options as below;
- You can apply under BOI
- Doing the business export 100% and no sale in local with 2 million capital
- Retail of all types of products by capital not lower than 100 million
- And wholesale of all types of products with capital not lower than 100 million
- Doing the business under Treaty of Amity (can hold the ownership 100% by US citizen)
- Register for trading of whole sale or retail business with capital of Baht 100 million for each kind.
For more information, please feel free to contact us:
Phone : +66 2 933 9000
Fax: +66 2 933 6120
Email: bkk@panwa.co.th
Hello sir.
If open Thai limited company with 51:49% share with foreign owned.
If this kind of company can engage in Import Export and domestic selling business?
The registered capital is: 2 mil. Am I right sir ?
If we can apply for a work permit but hiring 1or 2 thai staff in the starting year of business ?
How much is the standard charge yearly for thai directorship?
Please inform us total package of amount including govt charges and your fees for DBD registration, Vat and tax ID, Work permit apply.
I have obtained Non immigrant B Visa with my passport.
We may rent a small private office at nonthaburi.
Thanks
Alam k.
YOU:If open Thai limited company with 51:49% share with foreign owned. If this kind of company can engage in Import Export and domestic selling business?
Panwa: Yes you can carry out business for import, export and demestic selling.
YOU: The registered capital is: 2 mil. Am I right sir ?
Panwa: Normally for ordinary Thai company you can start company with Baht 15 ( 3 shares each Baht5), anyway if you prefer to apply for 100% foreign owned company you have to register with minimu Baht 2 million.
YOU: If we can apply for a work permit but hiring 1or 2 thai staff in the starting year of business ?
Panwa: under immigration rule require 4 Thai employee for 1 working permit.
My comments as below
YOU: 1. If open Thai limited company with 51:49% share with foreign owned.If this kind of company can engage in Import Export and domestic selling business?
Panwa: Yes, the structure is a Thai company, so you can run all kinds of business especially trading for import and export.
YOU: 2. The registered capital is: 2 mil. Am I right sir ?
Panwa: By law, it requires minimum 3 shares with Baht 5 each so you can start a company at minimum capital of Baht 15.
Anyway for other purpose such as apply working permit you have to follow immigration rule to have minimum capital of Baht 2 million or register under FBL which the capital requirement is minimum Baht 2 or 3 million depend on the case.
YOU: 3. If we can apply for a work permit but hiring 1or 2 thai staff in the starting year of business ?
Panwa: To follow the immigration rule you still need to hire 4 Thai employees for each 1 working permit application.
YOU: How much is the standard charge yearly for thai directorship?
Panwa: We can serve directorship only for some case such as during apply working permit or apply some kind of license which the service of Baht 18,000 for 6 month periods.
YOU: Please inform us total package of amount including govt charges and your fees for DBD registration, Vat and tax ID, Work permit apply.
Panwa: We don’t serve for working permit and visa so we can esitmate you the cost for basic company registration with the total fee of Baht 52,000, consists of:
– Baht 17,000 for company registration.
– Baht 8,000 for VAT registration.
– Baht 6,500 for Government fee.
– Baht 500 for company seal (stamp).
YOU: 4. I have obtained Non immigrant B Visa with my passport.
Panwa: Any kind of VISA can be used for company registration but for working permit we have no idea.
YOU: 5. We may rent a small private office at nonthaburi.
Panwa: That’s Okay, but before signing the contract, you must know for some issues too such as:
– Let the owner know that you will use this address for business so they have to provide you documents for this registration which some are needed for their personal document and document of onwership of the address too.
– Lt them know the liability on taxation and withholding tax will deduct to monthly rently fee.
– Property tax wihch will belong to liability of the owner (not the company).
– Agreement must be fair if have some worst case such as you need to termintate before end of the contract ( they will not charge you until end of the contract or find a new renter).