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A Bangkok Foreign Business Licence Lawyer Can Help You Get All the Permits and Licenses You Need
A Bangkok foreign business licence lawyer can assist you in obtaining all the permits and licenses you require to start your own business. You can also get 100% foreign ownership of your company and a work permit for Thailand. If you plan to invest in Thailand it is necessary to have a foreign license. How do you obtain one?

How to obtain an international business license

Foreign business licenses are required for those who want to establish a business in Thailand. This license allows foreign ownership of a large portion of a company. This license permits the foreigner to have more control over his business. It can also facilitate partnerships. It can take time to get a foreign business license. A seasoned lawyer in Bangkok can help you navigate the procedure.

Foreign companies must apply under the Thailand's Foreign Business Act to obtain an international business license. A licence is available for a variety of kinds of business by a foreign-owned company. There are also a range of exceptions that are based on specific conventions and laws. Furthermore, certain types of businesses are not allowed to operate in Thailand.

There are a variety of requirements to get a foreign business license in Thailand. For instance, a foreign investor must be at least 21 years old and be financially stable. In addition the foreign corporate manager must be a permanent resident in Thailand and be competent. Additionally the manager must not have been convicted under FBA within the last five years.

Gaining control of 100% non-Thai of a company

Thailand's Board of Investment is a government agency that encourages foreign investors to start a business in the country. The BOI's mission is to increase the competitiveness of Thailand within the Southeast Asian business community. Although it can be difficult for foreign entrepreneurs to set up an establishment in Thailand however, there are numerous advantages which could make it worthwhile.

Foreign ownership restrictions for Thai companies aren't as stringent as they are in other countries. Thailand business license lawyers can have 100% ownership in the Thai company when they have Thai business partners and maintain control. If the business is in a tourist destination, this is also possible. If the firm is an US company, US citizens can use the Amity Treaty to obtain a foreign ownership certificate.

Apart from the benefits of ownership by foreigners there are also tax advantages. The Thai government offers various tax incentives for foreign investors. For example, a BOI-certified company can receive a reduction in import duties for up to 8 years. The company also gets permission to employ foreign workers. Furthermore, companies that are promoted by the BOI can purchase land for industrial projects. Once an investor has submitted an application, the BOI will scrutinize the application and conduct two rounds of interviews with the company's owners.

Applying for a Work Permit in Thailand

If you're starting your own business in Thailand, you should consider getting expert advice on procedures for getting a work permit. The process is complex especially if you're not based in Thailand. It is crucial to complete it correctly from the beginning. An experienced lawyer will help you navigate the process and ensure that you don't overlook any crucial steps.

First, you need to obtain an immigration visa that is non-immigrant. It takes around seven days to obtain your work permit. After receiving your work permit, you will be required to submit certain documents to prove your legal right of working in Thailand. Once you have an official work permit, you must carry it with you at all times. You can't do any duties that aren't covered in your work permit. You can only work for the company who issued your permit.

Foreigners who wish to work in Thailand they must apply for a Non-Immigrant visa. The visa can be obtained in Thailand or at your country's Thai Embassy. You'll need to prepare all necessary paperwork and send it to the Thai Embassy. The work permit needs to be kept at the workplace and must be renewed by the foreign employee.
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