Non-Immigrant visas provide the holder with eligibility to apply for a work permit, and allow the holder to work while the work permit application is being considered.
The following documentation requirements should be complied with by foreign corporations wishing to engage in business in Thailand through a representative office: This page also contains information about industrial production of selected products in Thailand, tables breaking down Thai imports and exports by product and a table displaying interest rate movements for the past 5 years.
Seek the Supply Source of Goods or Services for the Foreign Company The representative office has as its main goal to gather information concerning the way goods are manufactured or supplied in Thailand mainly food, agricultural products, electrical appliances, electronic parts, spare-parts and equipment.
All promoters must subscribe for shares, which must be paid up in an aggregate amount equal to not less than five percent of the registered capital.
Ensures operation of studio equipment by completing preventive maintenance requirements; calling for repairs. Thailand provides for three general types of partnerships: Procedures for Establishing a Company 1. Since it does not receive any revenue, a Representative Office is not subject any corporate income tax, except for interests on any remaining funds that it has received from the head office that is deposited in its bank account.
At the formation step, the authorized capital, although partly paid, must all be issued.
The office cannot accept purchase orders, make sales offers or engage in business negotiations with any person. Weakness Our SWOT Analysis also noted that our weaknesses will come from the fact that being a new agency; we will find it hard to get manufacturers or businesses to give us the job of representing them.
In charge of financial forecasting and risks analysis. Forming a Company 1. License - natural person: The office must be a juristic person established under the laws of a foreign country. Signatures on original documents such as the power of attorney should be certified to be true signatures and the authority of the person should also be certified by a notary public.
General characteristics of the representative office: If the evidence or documents submitted in support of the application are in a foreign language, their translations in Thai must be provided.
In case where the licensee is a juristic person registered in Thailand and has foreign directors with the authority to bind the juristic person, at least one such director shall be domiciled or has residence in Thailand; in the case where a licensee is a juristic person not registered in Thailand and has a foreign representative who is in charge of the operations in Thailand, at least one such person in charge shall be domiciled or have residence in Thailand.
The Board of Directors of a public limited company must have a minimum of five members, at least half of Them are Thai nationals. We need a registered office address, what is the fees if we uses your address as the registered office.
It is not required for the individuals serving as promoters to reside in Thailand. After the Memorandum of Association has been registered, the promoters must offer shares for sale to the public or to any person in accordance with the law on securities and stock exchange.
Monitors competition by gathering current marketplace information on pricing, products, new products, delivery schedules, merchandising techniques, etc. Having the best legal counsel assures that you avoid any unnecessary oversight and delays. Also customers might find it hard to trust our sales persons.
A balance sheet must be prepared once a year and filed with the Department of Revenue and Commercial Registration. The application must provide the following particulars: It is also important to note that before the drastic recession, many businesses in many industries were constructing new channels to reduce the price of servicing smaller customers.
Contributes to team effort by accomplishing related results as needed. In the present, definition of representative office, in accordance with the regulations of the Office of the Prime Minister in Establishment of Work permit and Visa Center No. By admin Posted on October 22, in Corporate A representative office according to Wikipedia is an office established by a company to carry out marketing and other non-transactional operations, generally in a foreign country where a branch office or subsidiary is not warranted.
The application should contain the following information or comply with: For more information of Tax Guidance of Representative Office in Thailand please visit our website at:: Certain types of representative office require additional licenses or approvals and these include for example: The registrar has considerable discretion with regard to the matter of company names.
The overall benefit to the economy which Thailand is expected to receive from the business operation. We at Lego Sales Consultants hope to concentrate on big corporations because we believe that they provide the maximum profit potential. The Thailand country operations business plan (COBP), – of the Asian Development Bank (ADB) is the second COBP bridging a temporary gap between the country partnership strategy (CPS), –, and the forthcoming CPS, – The country operations business plan (COBP), – for Thailand maintains consistency with the strategic direction and core program areas of the CPS, –, which remains valid.
European Representative Office; Japanese Representative Office Thailand: Country Operations Business Plan (–) Institutional. Requirements For a Thailand Representative Workplace Requirements For a Thailand Representative Office. Introduction: A Consultant Business office makes it possible for a international company to set up a physical position of functions in Thailand.
The company is then authorized to use the Place of work to interact in minimal non-trading actions inside of the place. Setting Up of Representative Office in Thailand. Certain conditions apply to those Thai representative offices which require a Foreign Business cwiextraction.com is important to clarify beforehand what constitutes income and subject to Thai taxes/5(12).
A Representative Office in Thailand. Note a representative office of a foreign business in Thailand is not allowed to operate a profit making business and is not allowed to earn income in Thailand.
Activities of representative office are service business under List (21). If the representative office engages in other activities for which permission is not granted, such as buying or selling goods on behalf of the head office, it will be regarded as doing business in Thailand and may be subject to Thai taxation on all income received from Thailand.Business plan representative office thailand