Company Establishment - DDES Accounting

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Company establishment in thailand

DDES provides a total business solution for businesses looking to establish within Thailand. DDES consults with foreign businesses from incorporation to tax accounting, visas, work permits and licenses.

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This is the preliminary preparation step before setting up a company that you need to prepare.

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Type of Company

You must first decide in what type of company you would like to register in Thailand , such as Limited Copany, Representative office, BOI, Branch office or Register company under US-Thai treaty of Amity.

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A Thai company / Foreigner company

Thai Company means which has majority of share own by Thai more than 51%

Foreigner Company means which has majority of share own by foreigner more than 51% or can be 100% but must apply the BOI or FBL licenses

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Capital

Foreigner company, the minimum capital must be at least 2 million baht.

Thai Company, the minimum capial 15 baht.

If you need to apply for Work Permit for the foreign after set up Thai Company, the Labor Department will require for 2 million Bath paid up registered capital per one work permit.

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Shareholders

In Thailand, we need at least 3 shareholders to form the company.

Please note that the Thai Company Limited needs at least one Thai shareholder to hold the share 51% of the total share.

Even the company has only foreigner director and has no Thai director, it’s still considered as Thai Company Limited if the majority of shares is owned by Thai. (focus at share, not the director)

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Company’s address

This is for registered address of the company. You can provide only virtual address (a lot of virtual address service in Thailand).

Use only a copy of the house registration for the company registration.

If you don’t have the address yet, DDES can provide you the virtural office for your choice

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Business Purpose

In the case of a Thai company, you can do business for any purpose.

In the case of a Foreigner company. You can only set certain of purpose as required by law under catalog of the BOI or FBL licenses.

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Save time and simplify.

– Within 3 working days after collecting all your information and documents, your company will be registered by walk-in

– Within 14 working days after collecting all your information and documents, your company will be registered by Online

– DDES be able to register the company according to your Auspicious Occasion

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Our service fee is 25,000 Baht and the government fees would be approximately 7,000 Baht.

The company registration service includes the following:

Initial consulting on shareholding structure, contracts, visa & work permit, tax returns, accounting, audit & corporate compliance.
Register company with the Department of Business Development (DBD).
Translate company registration papers from Thai to English.
Obtain corporate income tax ID number.
Correspondence by email, telephone and in person meetings when necessary or requirement by customer.

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Our service fee is 6,000 Baht per bank

The bank opening service includes the following:

Service in Thai baht or other currencies such USD, EUR, SGD etc.
Prepare the minutes of the meeting for opening the bank specifying the name of the person authorized to conduct transactions with the bank.
Prepare documents for online banking
Advise on how to request a Thai SIM card for receiving OTP from an online bank.

DDES will support, coordinate and standby to assist customers in successful bank account opening.

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Our service fee starting from 100,000 THB

BOI application service includes the following:

Advise client on all required information and documents to apply for a BOI license.
Prepare a BOI application with the assistance of the client.
Filing the application with the BOI.
Assist in communicating with the BOI.
Accompanying the representatives of the client in meetings with the BOI if necessary.
Make presentations to the BOI in regards to the business plan.
Follow up the application with the BOI officers.
Submit any additional information or documents required by the BOI with the assistance of the client.
Receive a notification of approval.
Submit promotion acceptance form on behalf of the client.
Submit required documents for the issuance of the BOI certificate.
Receive the BOI certificate.
Provide an English translation of the BOI certificate.
Consulting on an on-going basis in regards to BOI privileges and questions.
Correspondence by email, telephone and in person meetings when necessary.

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Our service fee starting from 150,000 THB

Foreign business license application service includes the following:

Advise client on all required information and documents to apply for a foreign business license.
Prepare a foreign business application with the assistance of the client.
Filing the application with the DBD.
Assist in communicating with the DBD.
Accompanying the representatives of the client in meetings with the DBD if necessary.
Make presentations to the DBD in regards to the business plan.
Follow up the application with the DBD officers.
Submit any additional information or documents required by the DBD with the assistance of the client.
Receive the foreign business license.
Provide an English translation of the foreign business license.
Correspondence by email, telephone and in person meetings when necessary.

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Why you choose Thailand?

Thailand has always been one of the most attractive spots for business not only in ASEAN but also for the entire Asia continent. Here we are in the center of economic and business interactions among ASEAN members with a wide range of customers and business opportunities.

However, setting up a company in Thailand can be a little of hard work especially when you’re not fully familiar with Thai laws and many of its regulations. To compensate for that, the Thai government has a number of policies to support business growth and settlements here in Thailand like government incentives, tax allowances and so on. With strong infrastructure like easy access to transportation, or work space. All makes Thailand and particularly Bangkok worth your investment.

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How we can help you set up your company

At DDES we offer wide range of service specifically for what you need for your company . No matter you want to set up a Limited Company (LLC) or BOI company, our services are varied and tailored in order to serve you with the most efficiently possible. We provide you with English-speaking staff and legal services from our partner as well as to serve as a one stop service. Here are some examples of services we provide with exclusive specialty:

Company Limited registration
Partnership registration
Branch Office
Representative Office
Board of Investment (BOI) promoted company
Foreigner Business license (FBL)
Work permit & visa
Many more according to what you need!

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