Aside from Bangkok, Phuket is another major hub for law firms in Thailand. Here’s a list of firms in Phuket to help you get started. Law firms in Phuket mostly focus on real estate. So if you have an unusual case, like a copyright dispute, you should reach out to a lawyer in Bangkok.
So if you have an unusual case, like a copyright dispute, you should reach out to a lawyer in Bangkok. Oftentimes you don’t need a lawyer, but just a contract template that doesn’t have to be customized.
It's a good idea to have an active local attorney on your board, especially someone who has experience working with nonprofits or who is active in the nonprofit or charity community. They can help ensure that you're meeting all the legal standards of operation.
There are no binding legal fee tables in Thailand. You and the lawyer agree on rates on a case by case basis. by the hour (in case of a work load that can’t be predicted, like complex criminal law cases) To start, rates at the lower end range from 1,500 baht to 5,000 baht per hour. These rates are for routine work or to talk with a lawyer.
For registering a Thai Foundation, the application form must be submitted to the registrar of the district which has jurisdiction over the place where the Foundation will be set up. The total assets of a Foundation in Thailand must be of 500,000 baht, with a minimum of 250,000 baht in cash.
Association registration process An association is registered with the Ministry of Interior. However, an application has to be filed with the local district office, where the association's principal office is situated. The application must be filed in writing by at least three of the association members.
The fee for the registration of the MOA is THB 50 per THB 100,000 of the registered capital. The minimum is THB 500, and the maximum fee is THB 25,000.
The Thai Civil and Commercial Code does not make any distinction between Thai and foreign shareholders. As a result, foreigners can freely register a company in Thailand without any Thai partner.
The duration for registration depends on the nature of your business and your promptness in providing the requested information. A company can be set up in 1 – 2 weeks but the application of foreign business license can take at least 6 months depending on the business activity.
The Step-by-Step Guide to Starting a Business in ThailandCheck Out Thailand's Foreign Business Act.Learn About Incentives and Benefits Provided by the BOI.Apply for Visa and Work Permits.Register Your Company.Sort Out Your Paid-Up Capital and Open a Bank Account.Accelerators.Active Corporate Venture Capitals (CVC)More items...•
As it currently stands, the minimum capital requirement for a Thai majority shareholder company (limited) is 2 million Baht, with a government set up fee of roughly 7,000 Baht. If you have a Thai spouse, this requirement is reduced to 1 million Baht.
Sole Proprietorship in Thailand Although foreigners are generally prohibited from conducting business in Thailand as a sole proprietor, US citizens who register with the Thai Department of Business Development under the US – Thailand Amity Treaty are allowed to run a sole proprietorship in most industries.
three shareholdersA private company must have at least three shareholders holding one share each, with a par value of THB5 or more. However, in practice, more substantial capital is required for most businesses. A company must have THB2 million paid in capital for each work permit issued for a foreign employee.
The Board of Investment (BOI) is Thailand's principal government organization encouraging investment opportunities in Thailand. The BOI offers incentives to its certified companies by way of major tax waivers, easing of foreign equity restrictions and increased land ownership opportunities for foreign entities.