Company and Business Setup
Business Licensing
In Thailand, business licensing involves registering your company with the Department of Business Development (DBD) and obtaining relevant licenses based on your industry. The process includes choosing a company name, submitting incorporation documents, and meeting specific industry regulations. Additional permits may be required depending on the business type and location. Ensure compliance with local tax and social security requirements.
Company Formation
To set up a company in Thailand, register with the Department of Business Development (DBD), obtain a company name, and file incorporation documents. You'll need at least One shareholders and a director, with a minimum capital requirement. Secure a business license if applicable to your industry, and comply with local regulations. Register for taxes and social security with relevant authorities. Ensure you obtain necessary permits based on your business activities and location.
Social Security for Visa and Workpermit
In Thailand, employees with a valid work permit and visa must contribute to the Social Security Fund. Contributions are 5% of the salary from both the employee and employer. Benefits include healthcare, sickness and maternity leave, disability, and pensions. Employers are responsible for registering employees with the Social Security Office. Contributions are separate from taxes and should be managed through your employer or directly with the Social Security Office.
BOI ( Board of Investment ) Company Formation
Setting up a company in Thailand with the support of the Board of Investment (BOI) involves several steps and provides various benefits such as Tax and Investments Benefits + 2 Years Visa and Workpermit at One Stop Service.
More Benefits = These benefits include: Tax Incentives: Corporate income tax exemptions or reductions. Import Duty Exemptions: For machinery and raw materials. Land Ownership: Permission for foreign investors to own land.
