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How to Get a Thai Foreign Business License Specialist
A foreign business license is required when you plan to establish a Thai-based business. If you're looking to do this, you'll have to get a valid license from MSNA, one of the Thai government's partners for foreign business licenses. You'll need to talk with an experienced legal expert prior to applying for a foreign license in Thailand.

List Two foreign business licenses

For certain types and types of businesses foreign business licenses are required in Thailand. There are three kinds of business licenses. List One is for businesses with no restrictions while List Two is for companies who do. These licenses can be obtained only under certain conditions. For example foreigners are not permitted to operating certain types of airlines and transportation businesses. They are also banned from running any business that could endanger security of the country. Foreigners can also be banned from participating in certain kinds of businesses in Thailand as they are not able to compete with Thai citizens.

Foreign business licenses require capital requirements.

If you are planning to start your own business in Thailand it is necessary to meet the minimum capital requirements prior to applying for an official license for business. Foreign companies must have two million baht as minimum capital and three million baht for additional capital. However, there are some exceptions to these capital requirements. For example under the Treaty of Amity between the United States and Thailand, you can own a company with majority foreign ownership provided that the U.S. citizen holds a majority of the shares and directors.

business license lawyer from foreign business license

There are a variety of ways to avoid getting the Thai foreign business license. These can be granted under a variety circumstances. In certain instances foreign-owned businesses can be exempt from the law entirely. For example, an American-owned business may be exempt from the law under the Treaty of Amity and Economic Relations between Thailand and the United States.

Before you begin a service-based business in Thailand you should consult a reputable lawyer

If you're planning to start your own service business in Thailand, it is very important to speak with an experienced legal advisor who is familiar with the Thai legal system. Thailand has many free-trade agreements that make it an attractive place to do international business. You should ensure that you choose an expert in law to avoid costly errors. It is best to engage an attorney in your area to help you with this.

Taxes in Thailand

In Thailand companies with an annual turnover of THB 1.8 million or more must sign up for VAT. VAT is a sales tax which is payable at every stage of production and distribution of goods and services. If a business has been operating in Thailand for more than one month, it must be registered. The deadline for registration is the 15th of each month following the month in which the tax is paid. Self-assessment is required for certain income to non-residents, like royalties and services.

Scope of work of an expert in Thai foreign business licensing

For those looking to start a business in Thailand there are some conditions that must be met. The first step is to obtain a Thai foreign business licence. This is required by law. The process can be very complicated, and a professional should be sought out to get the correct details.
Website: https://vizecounselor.com/foreign-business-license-lawyer-thailand/