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Opening a company in Thailand

As one of the fastest growing economies in Asia, Thailand has attracted many foreign investors. The Thai government, through its Board of Investment (BOI), offers generous tax and financing incentives, making it easier for companies to set up operations locally. Through the BOI program, foreign entrepreneurs can obtain work permits and business visas, and enjoy tax incentives and residency for many years, making it an ideal way for foreign entrepreneurs to settle in Thailand.

Main types of Thai companies:

1. Limited Company

• Foreign investors can hold 49% of the shares and 100% through the BOI program.

2. Branch Office

• Foreign companies can set up branches and enjoy the same tax benefits as local companies.

Advantages of establishing a Thai company:

• Low-cost operation: Low labor costs and a large market make it suitable for manufacturing and export companies.

• Government tax incentives: Through the BOI program, you can enjoy up to 15 years of corporate income tax exemption.

Requirements for establishing a company:

1. Minimum registered capital: Depends on the nature of the business, no clear requirement.

2. At least one local director. If participating in the BOI program, no local director is required.

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