Notes

How to Get a Thai Foreign Business License Specialist
A foreign business license is required if you want to start a business in Thailand. If you're planning to do this, you'll need to get a valid license from MSNA which is one of the Thai government's partners for foreign business licenses. You'll need to talk with an experienced legal advisor prior to applying for a foreign license in Thailand.

Two foreign business licenses for foreign companies are listed.

Foreign business licenses for foreign businesses in Thailand are required to run certain types of businesses. There are three types business licenses. List One is for businesses which do not have any restrictions while List Two is for those with restrictions. Licenses can be obtained only with certain conditions. For instance foreigners are not permitted to operating certain types of transport companies and airlines. They are also prohibited from operating businesses that could be a threat to national security. Foreigners can also be barred from engaging in certain kinds of business in Thailand when they are not able to compete with Thai citizens.

Foreign business requires capital requirements to obtain a license

If you want to establish your own business in Thailand, you must meet the minimum capital requirements prior to applying for an official license for business. Foreign companies must have a minimum capital of two million baht. minimum capital and three million baht as additional capital. There are foreign business licence solicitor to the capital requirements, though. If the U.S citizen owns the majority of shares or directors, then you are able to own a company that is majority owned by foreign investors under the Treaty of Amity between America and Thailand.

Exemptions from foreign business licenses

There are a variety of ways to avoid having to obtain the Thai foreign business license. There are a myriad of circumstances that could lead to the granting of licenses. Foreign-owned businesses may be exempted completely from the law in certain cases. An example of this is a Thai-American-owned company that is exempt from law under the Treaty of Amity and Economic Relations between the United States and Thailand.

Consultation with a competent legal advisor prior to engaging in service-related business in Thailand

It is crucial to speak with an Thai lawyer if you intend to start a service company in Thailand. Thailand has many free-trade agreements that make it a desirable location to conduct international business. You should ensure that you employ the right legal expert to avoid costly mistakes. It is recommended to hire an attorney who is local to assist you in this.

Thailand Taxes

Businesses that have a turnover of more than THB 1.8million in Thailand must be registered for VAT. VAT is a sales tax that is due at every stage of the production and distribution of goods and services. If a company is operating in Thailand for more than a month, it has to be registered. The 15th day of the month that follows the month in which the tax was collected is the date for registration. Additionally certain incomes paid to non-residents such as royalties and services, require self-assessment.

The scope of work for an expert in Thai foreign business licensing

There are certain conditions for those who wish to start a business in Thailand. The first step is to obtain an Thai foreign business license that is legally required. This process is not easy and requires the assistance of an expert.
My Website: https://vizecounselor.com/foreign-business-license-lawyer-thailand/