Notes

How to Get a Thai Foreign Business License Specialist
If you're planning on operating your business in Thailand then you'll need obtain a foreign business permit. To do this, you will need to obtain an appropriate license from MSNA (one of the partners for foreign business licenses). Before applying for a foreign business license in Thailand you'll need to consult with a qualified legal advisor.

List Two of foreign business license s

Foreign business licenses in Thailand are required to run certain types of business. There are three types of business licenses. List One is for companies with no restrictions and List Two for businesses that have restrictions. These licenses can only be granted to businesses that meet specific requirements. For instance, foreigners are prohibited from operating certain types of transport and airlines. They are also forbidden from operating businesses that could be an entanglement to the security of the nation. If they are in a position to not compete with Thai citizens, foreigners may be barred from operating certain kinds of businesses in Thailand.

Capital requirements for foreign business license

Before you are able to apply for a license to establish a company in Thailand it is imperative that you meet the minimum capital requirements. Foreign companies must have a minimum capital of two million baht , and an additional capital of three million baht. However there are some exceptions to the capital requirements. If a U.S citizen owns the majority of directors or shares, you can own a company that is majority owned by foreign investors under the Treaty of Amity between America and Thailand.

Exemptions from foreign business license

There are a variety of ways to avoid obtaining an Thai foreign business license. The licenses are granted in a variety circumstances. In certain cases foreign-owned companies may be exempted from the law completely. For example an American-owned company could be exempted under the Treaty of Amity and Economic Relations between Thailand and the United States.

Before you start an service-based business in Thailand make sure you consult a skilled lawyer

It is essential to talk with a Thai lawyer if you plan to establish a service business in Thailand. There are a variety of free-trade agreements in Thailand, which make it a desirable place to conduct international trade. But, you should make sure you hire the right legal professional to avoid costly mistakes. It is best to hire an attorney from your local area to do this.

Taxes in Thailand

In Thailand, businesses with turnover of THB 1.8 million or more must be VAT registered. VAT is a sales tax payable at every stage of production and distribution of products and services. If a company is operating in Thailand for longer than one month, it has to be registered. The deadline for registration is 15th of each month following the month that the tax is collected. In addition certain incomes to non-residents, like royalties and services, requires self-assessment.

Scope of work of the Thai foreign business license specialist

There are certain requirements for those looking to establish a Thai business. The first step is getting a Thai foreign business license which is legally required. The process can be very complex, and a specialist is recommended to obtain the correct details.
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