Embark on the journey to register your company in Thailand with Fionza Consultants, ensuring a seamless process through these key steps:
Step 1: Optimal Business Structure Selection Prioritize your business goals with Fionza Consultants, who will guide you in selecting the most suitable business entity, paid-up share capital, corporate structure, and relevant licenses based on your needs.
Step 2: Name Reservation Fionza Consultants initiates the process by searching and reserving your company name through the Department of Business Development. The chosen name, complying with naming guidelines, will be reserved for 30 days.
Step 3: Document Preparation Fionza Consultants assists in drafting the essential Memorandum of Association and Articles of Association. The Memorandum includes crucial details like the company’s name, business goals, registered address, and share capital. A registration fee is paid based on the capital sum.
Step 4: Statutory Meeting Commencement Upon approval of incorporation documents, a statutory meeting is convened to implement articles of association, elect directors and auditors, and settle financial matters. Resolutions require majority agreement, and after the meeting, the management is transferred to the directors.
Step 5: Company Registration Fionza Consultants proceeds to register the company with the Ministry of Commerce within 3 months of the statutory meeting. The application includes director details, company address, share information, and payment details. A fee, based on registered capital, is paid.
Step 6: Social Security Enrollment Post-registration, Fionza Consultants assists in enrolling staff in the social security system. The employer’s contribution, currently at 5%, must be remitted to the Social Security Office by the 15th of each following month.
Step 7: Tax Registration Within 60 days of incorporation, Fionza Consultants applies for a corporate Tax Identification Number from the Revenue Department. VAT registration is pursued if the expected annual turnover exceeds THB 1.8 million.
Step 8: Bank Account Opening Fionza Consultants facilitates the opening of a corporate account with a reputable bank. Required documents, certified by a local Thai embassy, include the Certificate of Incorporation, Articles of Association, list of directors and shareholders, and notarized passports. A representative, authorized by Power of Attorney, will open the account on behalf of your company.
Trust Fionza Consultants to navigate these intricate steps, ensuring a successful and compliant company registration in Thailand.