As a business operator, there are many types of corporations available for you to set up. However, you should take things into consideration as the type of corporation you need to choose will depend on the amount you invest and the fact of how well you know if people get into your business. Also, you might need to consider a company registration in Thailand to make sure you are doing the right thing and the right process of operating your business.
Also, you have to understand that the foreigners are not allowed of owning a 100% share of any business in Thailand unless you’re a US citizen. Is there any way you can do to make sure that owning a 100% business there is still attainable if you are not a US citizen? Yes, there is.
Starting a Business Under a Thai Partner
One of the most popular ways to have a company registration in Thailand is to register it under the name of the Thai nationals. Apparently, if you happen to register a name of a company under a Thai person, that person needs to be the one you’ve been trusting and known for a long time because the risk of losing your hard-earned money is not a joke. And in fact, lots of startup business in Thailand beginning of doing this strategy and able to acquire success in no time.
Also, it is one of the fastest and most seamless ways to set up your business in company registration in Thailand. Also, on that option, you may less likely need to hire the high amount of effort from the lawyers pertaining to cutting the costs. So, how these people able to take success in company registration in Thailand and operate their business using this Thai partnership practice?
How It Works?
Here how it goes. The foreign business owners, for example from China, get a help from a Thai partner to stand a business in Thailand. The business owners from another country can file their business under a Thai boyfriend or girlfriend, a Thai wife, an honest Thai friend or business partners, or any Thai person you can trust, whom you have known for a long time. This person needs to have a good background.
All you need to do is to have company registration in Thailand that is register to the name of that person so the basic data about the business will be settled in the government with the help of consultants or agents (if you have one). Also, you need to have a proper paperwork of where you will do the business, which means a contract towards your landlord if effectively required. After that, your partner or your agent will do the processing in the company registration in Thailand, including the dealings with the government agency involved in taxes and acquiring a necessary license for operating your business.
All of these processes are not as hard as it sounds once you have a Thai partner to take all the dealings in the company registration in Thailand.