Performing company registration in Thailand can be both exciting and exhausting. There are many pitfalls and requirements that must be met in order to ensure that the business you wish to register is successful. Not many people realise the amount of effort that takes place in terms of company registration in Thailand and feel that it is something of a simple process which is not exactly true. Thailand has requirements and regulations when it comes to company registration in Thailand that governs each and every application they receive for every new foreign based business.
If the company registration is for a company that is similar to one that is already Thai owned and established then most likely it may not be approved. If the company registered fails to have the correct number of Thai staff for every foreign staff member also then this can hinder the company registration process too. There are many, many benefits for having a company in Thailand but the company registration process can often be more demanding than most people realise. This is why, when it comes to company registration in Thailand, if you really want the inside edge and to benefit the most from it then it helps to get legal counsel before you attempt to do this.
Legal counsel in Thailand, when it comes to company registration in Thailand, is one of the best ways to ensure that you protect both yourself and your future Thai company. These organisations will tell you all that is needed in terms of company registration in Thailand, all the documents needed, monies needed (to prove sustainability in terms of the business and to show it is generating a profit and can contribute to the Thai economy) and it can also help improve trade relations between Thailand and the rest of the world.
Many different people from many different countries come to Thailand with the idea of setting up their own business. This helps improve trade for both Thailand and that company but only if the company registration process is followed. If corners are cut or the business does not meet the required criteria then the company registration process will be terminated.
Company registration in Thailand is not open to everyone, the idea and company needs to be established enough and viable so that they are not competing with Thai owned companies or taking away Thai jobs in that particular business sector. Company registration in Thailand can take over several weeks due to the amount of requirements and checks that must be made.
This does not mean that company registration Thailand is impossible, far from it, any good idea that is not encroaching on the Thai trade industries, as long as it is well researched and meets the requirements will usually prove a boon for the Thai economy providing jobs for Thais and foreigners alike. When you see foreign owned businesses thrive in Thailand it makes the whole company registration process worthwhile, after all, all good things come to those who wait and registering a company in Thailand is certainly time consuming but ultimately very rewarding.