4 Must Follow Rules For Company Formation In Thailand

Setting up a company in Thailand can be really easy these days. With an open economy and some amazing socio-legal infrastructure, Thailand has again ranked high in the sit of countries with ease of doing business with. Here are the 4 steps with which company formation in Thailand occurs:

1. To begin with, a Memorandum of Association is filed first. This should be prepared and submitted to the Company Registrar attached with the Ministry of Commerce. This memorandum should have the name and address of the company and the business objectives stated. It is also important to state the company objectives and the total capitalization. You should be able to adjudge the capitalization according to the number of shares outstanding and the vale per share. The memorandum registration fee is about 50 Baht per 100,000 Baht of registered capital. You can go for the minimum fee of 500 Baht and maximum fee of 25,000 Baht.

2. Once you have filed a memorandum, try and convene the statutory meeting where the share structure is defined and a meeting is convened. A total minimum of about 25 per cent of the par share value of the subscribed share must be paid.

3. Within the 3 months of convening a meeting, you should be able to register with the Thai establishment. Each director of the company must submit applications that establish the company. The fees for registration vary from 500 Baht per 100, 000 Baht of registered capital and a minimum fee of about 500 Baht. The maximum limit can go up to 250,000 Baht.

4. Finally, you need to pay income tax to the Thai exchequer. For this, an income tax identity card and a number is requested from the revenue authorities. This should be done within 60 days of incorporation and start of work in the organization.

How To Get a Comprehensive Marriage Visa In Thailand?

Thailand is a paradise for those who are looking to marry. This is extremely true for foreigners who visit the country and fall in love with the culture and landscape of the nation. Whether you are marrying a Thai national or are two foreign nationals looking to get married in the country, there are certain steps that you need to follow before you tie the knot.

Thailand is one of the best places to marry and the marriage consummated on Thai soil is considered legal all across the world. The drafting of the prenuptial agreement can be done quite easily is Thailand as the country has a system that allows that to happen. You can engage the services of law form in Thailand who can help you with the necessary paperwork and the permits required for the marriage to occur. As a prospective bride or the groom, you need to apply for a clearance and get it secured before you actually get onto marrying your partner.

This clearance can be obtained from the respective embassies of countries that you hail from. Some embassies may ask for the Single Certificate first before you actually land in Thailand. You need to furnish this document before you can actually plan that dream Thai wedding. After which, the certification and the marriage registration is initiated by the Thai authorities.

Once you get the clearance from the Thai authorities. You can get an Affirmation of Freedom to Marry, which has to be translated to Thai and legalized according to Thai law. If all the documents are in place, the Thai authorities will ask both you and your spouse to appear in the Amphur or the Khet, the district offices.

Finally, an efficient law firm will do all it takes to speed up the process of getting a marriage visa in Thailand. The legwork is easily taken care of and the time consuming aspects duly taken care of by the competent lawyers. You need to also prove your financial solvency by showing the Thai bank account and income of at least 40, 000 Baht per month. If the income is received as a remittance from abroad, you need to have the embassy of the parent country to state that in letter. If you want to extend the stay from 90 days to 1 year in Thailand, you need to have a proof of relationship with the Thai national that you are marrying.

To get this straightforward process of marrying in Thailand completed in due time, you need a law firm that has qualified lawyers, translators and a familiarity with the entire marriage process. Thai legalization and legal processes can be best handled by a professional agency. If you involve a law agency that is competent and international in its appeal and stature, you are likely to have all your paperwork done smoothly. The services offered at Konrad Legal are world class and very Thai, you could enlist our help by dropping us a line!