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? |
|
| 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? |
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