Siam Insight Advisory is a leading provider of enterprise compliance solutions in Thailand.
We focus on providing professional local compliance services for individuals and companies seeking long-term residency in Thailand. With our expertise With a team of lawyers and extensive resources, we can address the challenges and legal risks faced in conducting business in Thailand.
We provide personalized solutions tailored to meet the specific needs of our customers and ensure peace of mind. Our main services include Long Term Visa (LTR), compliance for foreign companies in Thailand, legal advice, and more.
THAI COMPANY REGISTRATION BUSINESS
What are the issues encountered when registering a company in Thailand?
With the deepening of bilateral trade between Thailand and countries around the world, the number of foreign investors in Thailand is increasing day by day, and the registration and establishment of Thai companies has become the primary concern of foreign investors.
Foreign investors usually need the participation of Thai companies in order to establish a company. Ordinary companies cannot be 100% owned by foreigners (excluding US nationals), and only certain specific industries, such as manufacturing, energy, high-tech and other types of large enterprises, can be 100% controlled by foreign investors. For those who are not familiar with the laws and practices of Thai business establishment, registering a business in Thailand can be difficult and challenging.
Advantages of registering a company in Thailand
OUR ADVANTAGE
We can assist you in establishing various types of enterprises and special industry companies that are difficult to obtain approval in China, and set up import and export settlement accounts in any currency for you, allowing you to easily carry out various international business activities and enjoy borderless commercial freedom.
Our abilities
OUR CAPABILITIES
SIA has rich practical experience in the field of business services in Thailand, and can provide you with reasonable suggestions and the best business solutions for registering a company in Thailand. The business scope covers: feasibility analysis before investment in Thailand, registration of company name, drafting of company articles of association, registration of trademarks, opening of company accounts, registration of taxes, change of directors, etc.
We will spare no effort to accelerate the approval of all documents and procedures required for your company registration, ensuring that you successfully establish your company and quickly start your business in the shortest possible time.
SIA has a professional Thai company registration team, relying on our year-round accumulation of Thai channel networks. We are well aware of Thai laws, regulations, and company laws, and are familiar with the difficulties and risks in the registration process. We can provide you with comprehensive professional guidance.
With years of experience in consulting and handling Thai company registration, SIA has successfully solved numerous difficult problems in the registration process. It is familiar with all aspects and details of the registration process, and can provide you with efficient and accurate services
We always uphold a professional spirit, apply rich experience and knowledge, strictly follow Thai laws and regulations to handle registration procedures, ensure that your company registration is legal and effective, and lay a solid foundation for your business development
Steps for registering a joint venture company in Thailand
Steps to Register a Joint Venture
WHAT IS A BOI COMPANY
The Board of Investment in Thailand (BOI) is a government agency directly under the Prime Minister's Office, aimed at promoting foreign capital to enter Thailand. Since 1954, the Thai government has actively encouraged foreign investment through the BOI Act to enhance the country's economic vitality. Subsequently, successive cabinets have continuously introduced new policies to further promote and support foreign investment in Thailand.
Conditions and steps for registering 《BOI Company》Year
Registered capital
Joining BOI requires 10 million to 200 million Thai baht
Approval time
Wait at least 3 months or longer for the review to be completed
Nature of Business
BOI's business scope is limited and generally belongs to large-scale
Thai LTR Visa Business
Thailand is introducing a new visa called the Long Term Resident (LTR) visa, which offers a range of tax and non tax benefits to enhance the country's attractiveness to regional centers where high potential foreigners live and do business. This new visa program is expected to attract new foreign residents, technology, and talent, contribute to domestic spending and investment, and support economic growth. The Thai government has set a goal of attracting 1 million wealthy or talented foreign residents to enter the country within the next five years.
Nowadays, Thailand has become the headquarters of multinational corporations around the world and one of the most important tourist destinations in Asia.
THAI LTR VISA BUSINESS
LTR privilege one
Having the privilege of a 10-year renewable visa to extend one's residency in Thailand.
LTR privilege two
Policy of exempting 4 Thai people from the employment requirement ratio for 1 foreigner
LTR privilege three
Enjoy the fast track service of Thailand International Airport
LTR privilege four
The report submitted to the immigration office has been extended from 90 days to 1 year
Foreign nationals holding this visa can enter and exit Thailand multiple times during the visa validity period without the need to reapply for entry permits each time
LTR Privilege Six
Foreign nationals holding LTR visas are eligible to apply for a digital work permit within Thailand, in order to legally engage in work activities in Thailand
LTR privilege seven
Foreign professionals holding LTR visas and engaged in highly skilled work in Thailand can enjoy a preferential policy of 17% personal income tax rate
LTR Privilege Eight
Foreign nationals holding LTR visas can enjoy tax-free treatment for overseas income earned within Thailand, except for highly skilled professionals
LTR Privilege Nine
LTR visa holders provide more convenient and efficient visa and work permit processing services (OSSC), further enhancing their work and life experience in Thailand.
PROCESSING CROWD
Rich global citizens
Global affluent citizens - These are affluent citizens who wish to reside in Thailand
Wealthy pension recipients
Wealthy retirees - retirees aged 50 and above who enjoy a stable retirement pension or income can apply
High skilled professionals
High skilled professionals - typically possess high skills, professional knowledge, and extensive experience .
Professionals working in Thailand
Professionals residing in Thailand - This type of visa is mainly aimed
CONTRACTING STANDARDS
- Global affluent citizens
- Wealthy retirees
- Professionals residing in Thailand
- High skilled professionals
LTR signing audience type:
Wealthy retirees
Application conditions:
- A) Own at least $1 million in assets under the applicant's name
- B) The minimum average personal income in the past two years has been $80000 per year
- C) Merge investment in Thai government bonds or directly invest in companies registered in Thailand or at least $500000 in Thai property
LTR signing audience type:
Global affluent citizens
Application conditions:
- A) At the time of application, the minimum non labor or passive income is $80000 per year (please note that the personal income requirements of wealthy pension recipients do not consider labor income and wages)
- B) If the non labor or passive income is less than $80000 but not less than $40000, the applicant needs to invest an additional $250000 to purchase Thai government bonds or directly invest in companies registered in Thailand or Thai real estate
- C) Non labor or passive income includes but is not limited to pension, rent, capital gains, dividends, and interest payments
LTR signing audience type:
Professionals residing in Thailand
Application conditions:
- A) The minimum average personal income in the past two years has been $80000 per year
- B) If the average personal income is less than $80000 but not less than $40000, the applicant must present other documents as proof of qualification, namely a master's degree or higher degree certificate
- C) Sign employment contracts with listed companies or private companies that have been operating on the stock exchange for at least 3 years, with a total revenue of at least $150 million in the past 3 years
- D) At least 10 years of work experience related to the current job position or professional field in the past 5 years
LTR signing audience type:
High skilled professionals
Application conditions:
- A) If an individual's average income is less than $80000 but not less than $40000, the applicant must present other documents as proof of qualification, namely a Master's degree certificate in Science and Technology or higher
- B) Employed by Thai or foreign companies whose activities fall within the scope of the target industry, or applicants must provide proof of professional knowledge in the designated field of BOI
- C) At least 10 years of work experience in a specific target industry in the past 5 years. Applicants with a doctoral degree or higher and those working in Thai government institutions (including public higher education institutions, research institutions, and professional training institutions) are not bound by this requirement
- A) Holders of LTR visas also have LTR visa benefits for their children and spouses!
- B) The medical insurance coverage is at least $50000, or provides social security benefits for treatment in Thailand, or has a minimum deposit of $25000.
CONTACT US
HELLO
Thank you for coming to Siam Insight Advisory. If you are interested in cooperation, please leave us a message or contact us using the following methods. We will reply to you as soon as possible and provide you with the most sincere service. Thank you.
address
1151/3, 4th Floor, Nakhon Chai Si Road, Phaya Thai Subdistrict, Phaya Thai District, Bangkok 10400
Contact information
Contact phone number:0820753568 (+86)13548655205
Business email:will@siathailand.com
Official website:www.siathailand.com
