Many people find the idea of owning a business something of a dream as they envisage being hugely successful and the owner of the next conglomerate. Whilst this can happen it does take a lot of hard work and effort to make a business successful. When performing Thailand company registration it makes sense to take a few moments to examine the business that you are registering. What is its core market? What is the expected turnover vs. annual turnover? Can the business survive for one year by itself without any further investment from others? Whilst this may not seem much these are questions and factors that officials take in to account when they are evaluating the latest batch of Thailand company registrations. And make no mistake. This is a lengthy process. It will not be done in a day and it is always advised to use legal counsel to ensure that everything is in the proper order. Citizens of certain countries such as the USA are eligible for further benefits as Thailand likes to promote trade between it and other countries and if your company and your citizenship meets the requirements then you can qualify for extra benefits that can make the process that much easier. One element that makes Thailand company registration easier is making sure that your company, based in Thailand, obtains BOI status. BOI stands for board of investors and means that your company is seen as a bona fide Thailand based company who meet the requirements for Thailand company registration and in return factors such as work permits creation and registration for all foreign staff are made a little more relaxed and easier to apply for and renew. The majority of companies in Thailand that are registered seek to obtain BOI status but the requirements to do this are very strict and so many companies are unable to attain this status and this means that they may not be able to offer proper work permits to their foreign staff which means that their visa and status of living in Thailand (which is determined by the visa) may also be affected also. That is why Thai company registration is something that needs to be taken seriously by everyone who is involved in the entire process. Choosing the correct company type to register as is also very important and it is useful to spend some time looking to each company type that you are eligible for as each one has a different set of requirements that must be met in order for the registration to be successful. It helps to compare the companies available in Thailand for Thai company registration with the existing company structure and type or ones that are available in your own country and again legal advice is recommended for this to ensure that the company that is registered meets the requirements of the existing business that is currently in operation in another part of the world if that is applicable to your situation when it comes to Thailand company registration.
If you need to know more about Thailand Company Registration, TILALEGAL, with our English speaking lawyers and years of experience working with the expat community can assist you in the formation of your company whatever your requirements, assuring swift completion in as little as 2 weeks. Click here to see more