Registration Process

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Registration Requirements:

No.

Procedure

Time to complete

Cost to complete:

1

Apply for permission to use company name

2 days

no charge or Baht20 for applying application to the Registrar at the Department of Business Development ("DBD")

2

Get approval for memorandum of association at the Department of Business Development of the Ministry of Commerce

1 day

Baht700 (Baht200 for duty stamp affixed on the original Memorandum of Association, Baht500 minimum and Baht25,000 maximum for government fee)

3

Deposit paid-in capital in a bank

1 day

no charge

4

Obtain a corporate seal

4 days

THB 300-500

5

Apply to register the company as a legal entity (final registration)

1 day

THB 5,200 minimum (Baht200 for duty stamp affixed on the original Articles of Association, Baht5,000 minimum and Baht250,000 maximum for government fee)

6

Register with the Revenue Department for tax

2 days

no charge

7

Register for social security and Workmen’s Compensation Fund at the Social Security Office, Ministry of Labor

1 day

no charge

8

Submit company work regulations to the Office of Labor Protection and Welfare of the Ministry of Labor at the district where the head office of the company is located

21 days

no charge

Procedure 1

Apply for permission to use company name

Time to complete:

2 days

Cost to complete:

no charge or Baht20 for applying application to the Registrar at the Department of Business Development ("DBD")

Comment:

Promoters can search and reserve a company name on the Department of Business Development’s Web site (www.thairegistration.co.th). Otherwise, they can apply for a name reservation in person at the Department’s Registrar.

 

 

Procedure 2

Get approval for memorandum of association at the Department of Business Development of the Ministry of Commerce

Time to complete:

1 day

Cost to complete:

Baht700 (Baht200 for duty stamp affixed on the original Memorandum of Association, Baht500 minimum and Baht25,000 maximum for government fee)

Comment:

The application for registration of the memorandum of association must contain (a) the company names in Thai and in a foreign language (for certificate of company name, see Procedure 1); (b) nature of business; (c) capital to be registered; (d) number and par value of shares; (e)
address of the headquarters; (f) names, ages, and addresses of promoters; (g) number of shares subscribed by each promoter; and (h) signatures of all promoters. The promoter must sign the application for registration of the memorandum of association before the Private Limited Companies Registrar, attorney at law, or auditor registered with the registrar.

 

After completing the registration of the memorandum of association, one of the promoters must issue a notice to all company shareholders to summon the first statutory meeting. The notice must be sent to all shareholders at least 7 days before the meeting. Thereafter, the authorized director must prepare application forms and submit them to the Registrar.

 

 

Procedure 3

Deposit paid-in capital in a bank

Time to complete:

1 day

Cost to complete:

no charge

Comment:

Once the company gets approval for the memorandum and the articles of association, it must hold a statutory meeting, and shareholders must pay in at least 25% of the registered capital.

 

 

Procedure 4

Obtain a corporate seal

Time to complete:

4 days

Cost to complete:

THB 300-500

Comment:

According to Thai law, a company is not required to have a corporate seal except for affixation on company share certificates. In practice, however, a Thai company usually affixes its corporate seal to other documents.

 

 

Procedure 5

Apply to register the company as a legal entity (final registration)

Time to complete:

1 day

Cost to complete:

THB 5,200 minimum (Baht 200 for duty stamp affixed on the original Articles of Association, Baht 5,000 minimum and Baht250,000 maximum for government fee)

Comment:

The authorized signatory director(s) must sign the application for registration of incorporation of the company before the Private Limited Companies Registrar, an attorney at law, or an auditor registered with the Registrar. Company director(s) with authorized signatory authority must apply for company registration within 3 months from the date of the statutory meeting. Usually, final registration as a legal entity can also be completed within a day. However, if the company is a joint venture and has adopted complicated articles of association, the Registrar may take a few days to review the company's articles of association. Thus, the final registration may be prolonged for 1–2 weeks or more, depending on the content of the articles of association.

 

 

Procedure 6

Register with the Revenue Department for tax

Time to complete:

2 days

Cost to complete:

no charge

Comment:

 

Within 60 days of incorporation, the company must register with the Revenue Department to obtain a taxpayer identification card. The same tax number appears on the VAT certificate and on the taxpayer identification card, which are normally obtained on the same date of application filing. However, the VAT certificate will be mailed separately to the company’s registered address. Businesses earning more than THB 800,000 per year must register for VAT within 30 days from the date the income was earned. The company must also file VAT returns within the 15th day of each month. This is required even if no income was derived in the proceeding month. VAT registration must be filed in person at the same office as for income tax registration. The procedure takes 1–3 days.

 

 

Procedure 7

Register for social security and Workmen’s Compensation Fund at the Social Security Office, Ministry of Labor

Time to complete:

1 day

Cost to complete:

no charge

Comment:

Employers (with one or more employees) must register their employees for social security and workers’ compensation insurance by in person at the Social Security Office, Ministry of Labor.

 

 

Procedure 8

Submit company work regulations to the Office of Labor Protection and Welfare of the Ministry of Labor at the district where the head office of the company is located

Time to complete:

21 days

Cost to complete:

no charge

Comment:

The company work regulations are reviewed by the Office of Labor Protection and Welfare, and the company is advised on the required revisions. An employer with 10 or more regular employees must establish written rules and regulations (in Thai) on work performance. The regulations must be displayed at the work premises within 15 days of hiring 10 or more employees. This procedure takes 2–4 weeks.

  

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