The basics of company registration in Thailand

  songsamorn yannasitti    May 21, 2013    1298

 

Owning something and being its sole caretaker is a full time job with a lot of requirements and a lot of risk.  Owning a business itself is a risk as the economic future of the company and the country that it is located in may not be as stable as was once though.  Many people used to believe that the Western world was more financially stable than the East but from 2007 onwards, with the decline of the UK and such this has made many people look at the West now and its business practices and question whether or not there is any merit any more as to having a major business hosted there.

That is not to say the likes of McDonalds will relocate its headquarters to Singapore it is just that the main companies and the big players are taking a particular keen interest in investing time and money and resources in to Asia as they see that as being more stable than the West.  However, whilst it is unknown how strict company registration is in those countries if they were to permanently relocate then there are specific requirements that must be met when it comes to company registration in Thailand.  Obviously first time company owners are going to struggle more and be under more scrutiny during the entire process than those who already own businesses that are well established.  That is why many new business owners who are using Thailand as their first time when it comes to business experience need to take some time to learn more about the process of company registration Thailand.

Contrary to popular relief having enough money is not just it and there are many other factors that need to be taken in to consideration also.  Plan the location of the offices, the number of staff who are involved and make sure you can afford the resources and equipment to carry out the job as well.  There is nothing worse than under budgeting and not having enough money to ensure the company is able to run smoothly and be self-sufficient for the first month or so as it stabilises and gets on to its feet.  The same applies to not having enough money to pay staff salaries at the end of the month as that not only puts the staff at risk (losing face is a very big thing in Thailand) but is also highlights that maybe owning a business in Thailand, if at all, is for you.  Therefore, whilst the company registration process in Thailand is not a screening method for who is a great CEO and who is not it is a process that is set to show that at least people are serious about having a business in Thailand and sometimes that, and a little hard work, can be enough to ensure that the business survives and provides benefit to the people of Thailand and the country of Thailand itself and that can only be a good thing which Thailand needs more of.


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