What is Thai company registration?

  songsamorn yannasitti    May 3, 2013    998

 

Thai company registration is simply the set up and creation of a business, by a foreigner, that is designed to trade and operate in Thailand in similar fields to that of the original business.  It is not always clear if you need a business that is currently operational as proof of your entrepreneurial skills as it depends on who you talk to.  Many say that you can easily create any business in Thailand as long as it is related to a field of work that is not associated with Thailand meaning that, basically, Thai people cannot do the same job to the same level or quality that a foreigner can such as teaching English.

However many people believe that having the capital required for Thai company registration in a Thai bank account is not enough.  It is always best to prove you have a successful track record when it comes to managing and setting up a business as it gives the application more credibility and allows it to stand on its own instead of looking like a company on paper only.  There are many companies that are submitted as part of the Thai company registration procedure that exist only on paper and what that means is that there is no real business or physical office, the business is usually approved due to having exceedingly healthy finances alone or for meeting all the other requirements also.

Usually these companies, contrary to what you may think, do not exactly last that long because, without a proven track record, diving in to the pool of business management in Thailand without any sort of life preserver can be a very disastrous  proposition.  It also shows lack of forethought in the form of not anticipating that the Thai company registration procedure would check the viability of health of the business before approving the company creation as a public limited company in Thailand (this is usually the most common type to set up with the easiest requirements).

Thailand takes the company registration process very seriously and will not approve everything they see or look at.  In order to be successful when it comes to Thai company registration it pays to read up on the laws of Thailand when it comes to commerce and performing business in a different part of the world as the same rules and regulations are not the same there are it may be in the home country of whoever submitted the application to set up a company in Thailand.  But with a little bit of research and ensuring that the application process is completed properly and the business in question is a real company with a real objective for having offices in Thailand then there is a definite advantage to performing Thai company registration.  First and foremost, being able to do business in Thailand gives you an open door to this wonderful country and allows you to perform business in that region whilst looking to strengthen existing ties that your business may have with other countries in the same region.  Thailand may be a relatively small country but it has the potential to be a big player on the world business stage for anyone who is willing to make sure they file their Thailand company registration process correctly.


 Article keywords:
thai company registration, thailand company registration, company registration thailand

 


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