Registering a company is a vital step for business growth, particularly when annual revenue surpasses 750,000 THB. This process allows businesses to benefit from a reduced corporate tax rate of 20%, as opposed to the higher individual tax rate of 35%. Below is a summary of the key steps involved in company registration:
- Choose a Company Name
- Ensure the chosen name is unique and has not been previously registered.
- Reserve up to three potential names through the Department of Business Development (DBD).
Register the Memorandum of Association (MOA)
- Provide essential details such as the company name, objectives, share capital, founders (minimum of three), and the company’s office location.
- Submit the registration within 30 days of name approval.
Prepare Required Documents
- Submit the necessary forms, MOA, shareholder details, board resolutions, and proof of capital payment.
Share Subscription and Shareholder Meeting
- Allocate shares to shareholders and hold a meeting to approve the company regulations and appoint directors.
Company Establishment Meeting
- Approve bylaws, appoint auditors, and finalize the share allocation.
Board Selection and Company Registration
- Appoint a board of directors to manage the company’s operations and complete the registration within three months from the initial meeting.
Fees
- MOA registration: 50 THB per 100,000 THB of capital (ranging from 500 to 25,000 THB).
- Company registration: 500 THB per 100,000 THB of capital (ranging from 5,000 to 250,000 THB).
- Certificate issuance: 200 THB per copy.
For expert assistance with Company Registration, Business Registration, or Legal Advice, contact Jirawat & Associates Law Office at 093-251-4500 or info@jirawatlaw.co.th.
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