Should you go with a limited company option for the company registration in Thailand?
When you have the company registration in Thailand process starting, you are required to choose the type of business that you want to have. And most of the time this process can eb very tricky. That’s because it will be hard to figure out the right business format right off the bat. You need patience as you try to figure out a format and doing that is very challenging in of itself. But you have to be committed and try to find an option that’s good for you.
The reason why most people go with a limited company factor is usually related to simplicity. If you are a foreigner and want to start the company registration in Thailand, you will see this is a very good option. Shareholders are allowed to have only a small amount of unpaid shares they own. So this does give you a lot of control over the process and you have to think about that all the time. Also, if you are a company director you can apply for the work permits, which might be needed if you hire professionals from other country.
Thailand’s local government encourages you to use local workforce and shareholders, and that’s exactly what you need to think about. You really need to make this work and doing that is never going to be extremely easy. But with the right commitment nothing will stand in your way, so take your time and do it right if you can.
You will register the limited company by issuing shares. Usually you will need at least 3 shareholders and promoters for the entire process. They can be the same people, which is always a very good thing to have. That really helps a lot and it brings in front some creative and fun ideas for you to consider no matter what. It’s definitely worth the effort to give it a shot and to just see where it goes from there. But if you have the right commitment and focus nothing is impossible, so just test that out for yourself and you will find the right approach. You need a director, registrar and auditor. Each one of the promoters gets at least a share, and the first shares payment doesn’t have to be less than 25% of the nominal amount, as it’s very important.
As you can see, the limited company approach is great for the company registration in Thailand because it’s simple and convenient. It might be a bit tricky to implement at first in some situations, but it will certainly work and do its job if you handle it right. It’s a good idea to have a lawyer to help you with this process however, as company registration in Thailand can be very challenging and tricky at times, so you want to do it right and actively get the best results if possible. It can be hard to achieve good results, true, but it will be worth it in the end!
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