Company setup
The following are the company formation procedures with the Thai
Ministry of Commerce:
1 Reserve the Name. The applicant provides three company's names
to register according to their priority, so that a lawyer shall
reserve them with the registrar. If the first name has been used
/booked, then the second or the third one shall be reserved accordingly.
This will take about one to two days.
2. Apply for the First Registration. After the registrar has
approved company's name, the applicant has to nominate seven initial
promoters (people who want to set up the company to register A
Memorandum of Association.
3. Apply the Second Registration. From the eighth day after the
registrar has approved the Memorandum, a lawyer shall apply for
a second registration to complete the whole process of the company
formation, which approximately takes ten days.
4. Appyling for a Work Permit
If the applicant wants to apply for a work permit to work legally
in Thailand, he/she has to set a registered capital of (capital
to use in the company) 2,000,000 Baht for a work permit application.
5. The Government Fee The government will change approximately
6,000 Baht for each of registered capital of 1,000,000 Baht.
6. The Lawyer Fee Legal professional fee for the whole process
of company formation depends on lawyer’s practices and qualifications.
Legal practices mainly involve preparing, checking, translating
and certifying all those support documents and later submitting
them to the registrar, the Ministry of Commerce.
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