Whether you are registering your own company or obtaining real estate rights, there are a few things you need to know. The first is to make sure your business is eligible. There are certain industries and activities that are exempt from VAT. You should also know the legal requirements that must be met. If you are a non-Thai national, you will need to use translator services to translate your documents. Having a translator can prevent you from making mistakes.
The next step is to prepare an application for registering your company. You will need to indicate the number of shareholders, the name of your company and the nominal capital. The application will also include a number of forms and information regarding your business. The application will be verified by the Ministry of Commerce of Thailand. You can also hire a firm to help you. The firm will provide you with the necessary documents for registering your company.
After the application is approved, you can proceed to the next step in registering your company. Once your application is approved, you will need to convene a statutory meeting of your company. This meeting will appoint the managers and auditors of your company. You will also need to prepare financial statements for each accounting period. These statements will be audited by a certified auditor. Moreover, your company will also have to prepare performance records. You will also need to obtain a tax ID card from the Revenue Department of Thailand.
You will also need to open a bank account in Thailand. Your company will also need to register for Value Added Tax. You will need to prepare a tax return for the company every year. If your company generates over 300,000 THB in profits, you will need to pay 10% of the profits to the government. This tax is applied to companies that have employees. You will also need to pay a registration fee of 5500 baht for each million baht in registered capital. You can also use the services of a professional accounting firm. This firm will also prepare your financial statements and tax return filings.
Once your company is registered, it will be assigned a tax ID card. You will also need to open a corporate bank account. A corporate bank account is a necessary step in registering your company in Thailand. You will need to provide identification documents for any authorized signatories of the bank. The bank will also require a few forms and documents to verify your business. You should prepare a business plan for your company. You should also be aware of the business landscape of Thailand. This will ensure you can safely conduct your business.
In addition to these documents, you will also need to register your company for corporate income tax. You will also need to open a corporate bank account and file your financial statements. You will also need to open an account with an overseas global bank. This will help you keep your business expenses in check.