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1. If foreigners want to invest in Thailand, are there any incentives?

2. Are foreigner investors allowed to have One Hundred percent (100%) ownership of a company?

3. How do I register a company in Thailand?

4. How long does it take to set up a Limited Company?


5. How many shareholders are required under Thai Law?


6. What is the minimum percentage shares need to be paid-up?


7. What is the minimum par value required?


8. How many directors are required under Thai Law?


9. Is there a Sales Tax in Thailand?


10. What is the VAT rate?


11. When are VAT returns filed?


12. What is the income tax rate in Thailand?


13. I am a foreigner do I have to pay earning income tax in Thailand?


14. Can I use my dependence (wife, children) who live in Thailand with me for my income tax?


If foreigners want to invest in Thailand, are there any incentives?

   Yes. Incentives are offered through responsible government agencies (the Board of Investment)
   to attract foreign investment.

Are foreigner investors allowed to have One Hundred percent (100%) ownership of a company?

   Yes, if the business of the company is not reserved for Thai nationals.
   If a company's business is regulated under the Alien Business Act 1999,
   the company must obtain an Alien Operation License from the Ministry of Commerce of Thailand.

How do I register a company in Thailand?

   There are many forms of business organizations provided for under Thai Law.
   They include sole proprietorships, partnerships, branch offices, limited companies and public companies.
   The registration processes are similar - they depend on what type of business the investor wants to do.

How long does it take to set up a Limited Company?

   Usually take about 7 - 14 days.

How many shareholders are required under Thai Law?

   A Limited Company must have at least Seven (7) shareholders at all times and a public company
   must have at least Five Teen (15) shareholders at all times.

What is the minimum percentage shares need to be paid-up?

   The minimum requirement is Twenty Five percent (25%) of the par value.

What is the minimum par value required?

   Five Baht (ß5) per share.

How many directors are required under Thai Law?

   No minimum requirement.

Is there a Sales Tax in Thailand?

   Yes. There is a Value Added Tax ("VAT") instead of a sales tax.
   The VAT is imposed on sales of goods, provision of services and import of goods into Thailand.

What is the VAT rate?

   The VAT is currently imposed at a rate of Seven percent (7%).
   For exports of goods, the VAT rate applied is Zero percent (0%).

When are VAT returns filed?

   The VAT registrant must file VAT returns and pay tax (if any) to the local district office monthly,
   within Five Teen (15) days from the end of the month.

What is the income tax rate in Thailand?

   Personal income tax is imposed at a progressive rate ranging from Five percent (5%)
   to Thirty Seven percent (37%). Corporate income tax is imposed at a rate of Thirty percent (30%)
   of net profits.

I am a foreigner do I have to pay earning income tax in Thailand?

   Yes. Everyone require paying tax if you have earning income in Thailand.

Can I use my dependence (wife, children) who live in Thailand with me for my income tax?

   Yes. You can.

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