Company Registration in Thailand for Americans

 

It is pretty easy for Americans to start their business in Thailand. The US-Thai Amity Treaty makes it more convenient for US Citizens to register their business in the kingdom. So if you are an American investor or business owner, it will be our pleasure to guide you through the process and merits of starting your business in Thailand. Read through this comprehensive guide on company registration in Thailand for Americans.

To start with, you must know about the US-Thai Amity Treaty. It is because the major benefits of starting your business in Thailand as a US Citizen are due to this document w.e.f May 29, 1996.

Benefits of US-Thai Amity Treaty for US Investors

The Thailand Treaty of Amity intends to give both companies and individuals significant advantages while operating enterprises in Thailand. For example, the US gained two significant trade benefits via the Thailand Treaty of Amity:

American companies and individuals can own the majority of the shares in a Thai company, branch office, or representative office in Thailand.

In general, foreign investors can own up to 49% of shares of their company in Thailand. To own more, they need to apply for a foreign business license in Thailand, and the process is very time and effort-consuming.

American businesses can operate on the same terms as Thai businesses. Additionally, they are exempt from the majority of the foreign investment limitations set by the Alien Business Law of 1972.

In general, there are severe restrictions imposed on the investment category, volume, and business type for foreign investors in Thailand until the Foreign Business Act allows for it.

The above two points clearly indicate that as a US investor in Thailand, you are already ahead of other foreign investors in 2 dimensions. Firstly, in terms of ease of registering a company with high authority on the company shares. And finally, your company will enjoy a greater level of freedom and presence in Thailand’s business community due to the exemptions in the investment category. The other few advantages can be elaborated as follows:

No Requirement of a Thai Partner

The ability to establish a company under the Treaty of Amity without the customary need of having a Thai partner may be the biggest benefit. A US citizen or US firm with US citizens as stakeholders must be the main stakeholder.

Extended Scope of Legal Protection

Businesses incorporated by the Treaty of Amity are shielded against Thai government nationalization and expropriation of their assets. In the event of a dispute with the Thai government, they also have recourse to international dispute resolution processes including international arbitration.

Access to Tax and Non-Tax Benefits

It is simpler and more appealing for businesses under the Treaty of Amity to conduct business in Thailand. It is due to the permitted rights and exemptions, including tax exemptions and reductions.

Which One is Beneficial for a US Investor: Amity Treaty or BOI Registration?

This decision depends on many criteria. It can be the nature of the business, the corporate objectives, and the requirements and priorities of the company. You have to closely scrutinize your business type and objective and match it with the benefits of both plans. This will help you determine whether an Amity Treaty company, a BOI (Board of Investment) certificate, or both are better for your business.

Amity Treaty companies offer specific legal protections and rights, as well as advantageous investment and economic circumstances. This makes it a viable alternative for companies wishing to establish a long-term presence in Thailand.

For tax and non-tax benefits of the Thai government, you will have to apply for a certificate from the Board of Investment. Note that, your business will be eligible for these privileges only if it serves the target industries and activities.

Eligibility & Requirements for Amity Treaty Company in Thailand

Eligibility

• For American Sole Proprietorship Firm: Applicant must be a U.S. citizen by birth or naturalization.
• For a U.S. Company acquiring a Thai Company, Partnership, Branch Office, Joint Venture, or Limited Company: Applying entity must be owned by U.S. citizen(s) by birth or naturalization
• For a Thai Company with a Majority of American shareholders – U.S. citizens by birth or naturalization.

Document Requirement to Register an Amity Treaty Company

• For Sole Proprietorship Firm: A notarized copy of the owner’s passport or birth certificate
• To incorporate Thai Partnership/ Thai Limited Company/ Joint Venture
  – Articles of Incorporation
  – An Affidavit of the Corporate Officer
  – Bylaws of the company
• For the application of a subsidiary to the parent company, documents about the parent company should be submitted
• For a US company willing to invest directly in the Thai company: Notarized proof showing that the majority of the owners and directors of both the company are US nationals.

Process & Timeline for Amity Treaty Company Registration in Thailand

Company Registration in Thailand under the Treaty of Amity has to undergo the following steps:

1. The applicant must submit the required paperwork proving it complies with Thai legislation.
2. After scrutiny and verification of the paperwork, the Thai Department of Business Registration receives confirmation that the business complies with all legal criteria.
3. The business submits more supporting papers to the Thai Ministry of Commerce to finish the certification procedure.

A U.S. Treaty of Amity corporation can typically be established in four to five weeks. A single error, though, might extend the procedure by weeks or even months. However, you don’t have to worry about the approval process taking longer. It is because Konrad Legal Company Limited makes sure the paperwork is accurate and filed on time.
When reading through this article you must have come across the option of Board of Investment option as well. As a leading corporate law firm in Thailand, we specialize in registering a BOI company for foreign investors as well. Is your plan ready for company registration in Thailand? Please feel free to write us at officer@konradlegal.com. We will revert within one Thai working day with the best solution for your business objectives in Thailand.

What Documents are Mandatory to Register a Company in Thailand?

The success of your plan to register a company in Thailand depends on various factors. They can be your investment capacity, the feasibility of your business idea, the level of acceptance by the Thai authorities, etc. But there is another primary requirement that you must be serious enough not to ignore. It is – “Documents Required for Company Registration in Thailand”.

As a leading corporate law and accounting firm in Thailand, we come across many requirements and applications for company registration in Thailand on a regular basis. We often experience that in spite of having all the capabilities to invest and the highest possibilities of achieving success, many individuals and businesses often step back. The reason behind this is they are unable to produce the documents required for company registration in Thailand. 

We don’t want you to fall prey to such a situation. Therefore, through this article, we want to share the list of documents that you must have to register your company in Thailand. Along with the list, we would also help you with some best practices to help you achieve success in your business objectives in Thailand.

General List of Documents for Company Registration in Thailand

Let us update you on the fact that you can register different forms of business in Thailand. It can be an LLP, a Public Limited Company, an Amity Treaty Company, or a BOI-promoted company. Irrespective of the type of business or its structure, there are certain documents that you have to produce in all cases. This section will tell you about the 10 most important documents for company registration in Thailand.

The first step in the process of registering your business in Thailand is to reserve a name for your new company. To start a representative or branch office in Thailand, the name of your existing business can be considered. You must provide 3-4 names to ensure that it does not infringe any copyright. After undergoing this stage, you have to proceed with the company registration involving the following documents:

1. Memorandum of Association (MOA)

This document outlines the company’s objectives, registered capital, shareholders’ details, and other key information.

2. Articles of Association (AOA)

The AOA specifies the internal regulations and rules governing the company’s operations, including the roles and responsibilities of directors and shareholders.

3. Company Affidavit

A signed affidavit by the company’s director(s) confirming compliance with the requirements for company registration.

4. Shareholder’s and/or Directors’ Identification Card and Passport

Identification documents, such as ID cards or passports, of all shareholders along with the identification documents of all directors.

5. Company Name Reservation 

A document confirming the approved company name by the Ministry of Commerce. This is obtained before the actual registration process which we already discussed on.

6. Proof of Registered Address

Documents demonstrating the company’s registered address, such as a lease agreement or title deed.

7. List of Shareholders and/or Directors

A document listing the shareholders’ names, nationalities, addresses, and the number of shares each holds. Additionally, you may need a document providing details of the directors, including their names, nationalities, addresses, and positions.

8. Shareholder Meeting Minutes

Minutes from the meeting, the shareholders agreed to establish the company and appointed directors.

9. Company Registration Application Form 

A completed application form for company registration, including information about the company’s structure and shareholders.

10. Power of Attorney (if applicable)

A document authorizing a representative to act on behalf of the company during the registration process.

These are the documents that you have to attach with a completed application form to the Department of Business Development to register your company in Thailand.

Best Practices: Prepare Documents for Company Registration in Thailand

The Department of Business Development, the Revenue Department, and the Board of Investment are very particular in the documentation stage. There is stringency in this process in all nations whenever you are thinking of registering your business. However, when in Thailand, please follow these practices that can ensure success across all stages of company registration in Thailand.

Identify the Industry

In many cases, the list of documents required for company registration in Thailand depends on the type of industry you want to do business. For example, the list of documents for a manufacturing business can differ from that of a trading business. Therefore, identify the type of industry your business idea is pitching on.

Finalize the Business Structure

Do you want to form a sole proprietorship firm, partnership business, public limited company, or a virtual business in Thailand? Go through your business plan, investment capacity, and market potential research to affirm the type of business structure you really need. The document requirement varies on this ground as well. In case of confusion, you may consult with a corporate law firm in Thailand.

Gain an understanding of the Thai Regulations

Do research on the application procedures and methodologies for company registration in Thailand. By this, you can understand the significance of every document that you have to submit in the process. With this understanding, it will be easy for you to provide the necessary details and proper information. The website of the Department of Business Development of Thailand furnishes all this information. If you are unable to understand, take the help of a professional corporate lawyer in Thailand.     

Get the Best Support on your Side for Thai Company Registration

Whether you are a Thai or a Foreign Investor, you must have a deep understanding of the regulations governing the company registration process in Thailand. Additionally, providing all the documents required for company registration in Thailand is an integral part of these regulations. To get the best support by your side, you must hire a reliable and professional Thai corporate lawyer for the process. To get the best, email us at officer@konradlegal.com and our team of experts will get back to you within one Thai working day.

How to Buy Business in Thailand?

 

Although buying an existing firm is a common possibility for entrepreneurs, starting a new business in Thailand is frequently the first option. If you buy a business in Thailand, it has several benefits because it will be fully incorporated and prepared to launch or continue operations. Also, obtaining a work permit in Thailand and immigration benefits can go more smoothly than starting a new company.

In this article, we’ll look at some of the important factors to take into account while deciding how to buy a business in Thailand.

• If you don’t have much time to read through this article, let us help you with some precautions that you must take when you buy a business in Thailand – 
• Do the right due diligence before buying an existing business.
• Check that you buy the business formally through business purchase agreements or share purchase agreements.
• After you are done with the purchase, you have to complete the following tasks mandatorily:
  • Finalize and register the share transfer, 
  • Change the directors, and,
  • Make changes to the company’s structure, such as new articles of incorporation and a shareholders’ agreement.

Now, if you want to know more, continue reading our knowledge-rich article on how to buy a business in Thailand!

Before going deep into the process of buying a business in Thailand, let us first update you on the advantages and disadvantages of doing so. This will help you make the right decision!

Advantages of Buying a Business in Thailand

• The initial work necessary to launch the business will already have been finished.
• It may be easier to secure money as the business will have an established record.
• For the good or service, a market will already be established.
• There may already be a customer base, a steady income, and a solid brand reputation.
• You should be able to use the experience of current personnel.
• Many of the issues will have already been identified and fixed.

Disadvantages of Buying Business in Thailand

• It frequently takes a substantial capital commitment to buy an existing firm.
• To help with cash flow, many months’ worth of working capital will be needed.
• You might need to uphold or renegotiate any unfulfilled agreements the last owner made.

What Should You Consider When You Buy a Business in Thailand?

When you buy a business in Thailand, DO consider the following aspects:

1. Due Diligence
2. Contract Drafting and Review, and,
3. Company Restructuring and Registration

Due Diligence to Buy Business in Thailand

Similar to buying real estate in Thailand, doing your homework is crucial when purchasing an existing business. Due diligence gives prospective buyers the chance to check important information about the target company.

The areas that must fall under your scanner of due diligence are as follows:

• The company registration details, 
• Current shareholder list, 
• Current director(s), 
• Business balance sheets and bank statements,
• Employment contracts and all other contracts signed/entered into,
• Inquire about any potential disputes the company may be involved in.

A proper due diligence process must include a background check to see if it has any tax debts or financial legal actions, such as bankruptcy.

Contract Drafting and Review

The next step is to create and prepare the business purchase agreement/share transfer agreement and the contract outlining any other terms and conditions for the sale of the company if the due diligence process proceeds smoothly with the approval of the transaction.

Content of Business Purchase Agreement

You must follow a legal process when buying a business, that starts with a Business Purchase Agreement. With a business purchase agreement, you can buy a firm with certainty. If you are purchasing shares of the company that owns the firm, this sort of transaction must hold a Share Purchase Agreement (SPA).

Such an agreement requires the buyer to acquire the business in accordance with the terms and circumstances of the agreement. A SPA frequently includes the following terms:

Term 1: Party Identification

The mention of this clause is at the start of the business purchase agreement. It includes the full names and addresses of the buyer and vendor.

Term 2: Description of the Business

This is a description of the business’s operations along with other legal representations and warranties. This description should contain an attestation confirming the seller’s legitimacy as the seller of record for the sale.

Term 3: Financial Details

This includes information about the purchase price, any deposits the seller may have requested, and the time and date of the transfer.

Term 4: Details of the Sale

It is crucial to specify the type of sale, along with the inclusive and exclusive assets in the deal. This clause will also contain a section on property transfers that describes the state and cost of assets including machinery, tools, and property.

Term 5: Covenants

This will include information about the seller’s closing-related obligations, such as taxes, debts, fees, benefit transfers, and salary. You can also mention buyer and seller contracts in this section, as well as safety measures like a non-compete clause.

Term 6: Transfers and Obligations

You and the seller must understand who is in charge of what, including the seller’s position, new employee training, and customer obligations. You can specify that the finalization of a bill of sale is mandatory to complete a transaction.

Term 7: Closing

The business purchase agreement must mention the logistics, the closing date, and the time in detail. It also carries out title transfers and stipulates the payable amount of money at closing.

Term 8: Warranties

The premises and equipment must be under warranty in compliance with all applicable laws and regulations as of the closing date. You should also ensure that payment of all taxes is up to date. This tactic guarantees that both the buyer and the seller engage in a transaction in good faith.

Company Restructuring and Registration

It will be necessary to make some structural adjustments to an existing business when buying it in order to give the buyer full ownership.

The “transfer of shares” and the “replacement of the company directors” are the two most important necessities in this process.

How Will You Transfer Shares When You Buy Business in Thailand?

This process comprises the following steps:

Step 1: Execution of Share Transfer Instrument

The transferee and the transferor must sign a “Share Transfer Instrument” in order for the process to begin. The Share Transfer Document must have the names of the transferor and transferee, the number of shares, and the share numbers. Both parties must sign the document with a minimum of one witness.

Step 2: Update Shareholders Register

After the successful deal, modification of the company’s shareholders registry is mandatory. Additionally, the purchaser and seller must report these changes to the Ministry of Commerce of Thailand. Without completing this step, the share transfer holds an invalid status.

Step 3: Issue New Share Certificate

The Thai Limited Company must issue a share certificate to the transferee.

Step 4: Pay the Stamp Duty

In Thailand, payment of stamp duty is mandatory before the transfer of shares. Charges for Stamp Duty is 1 Baht for every 1,000 Baht, or fraction thereof, of the paid-up value of shares.

Replacement of Company Directors

One can complete this process in the following steps:

Step 1: Conduct a Board of Directors Meeting

In order to pass the resolution about the change of the company’s director and/or the authority of the director, the Board of Directors often needs to call for a shareholders’ meeting.

There won’t need to be a resolution from the shareholders’ meeting if the company’s articles of association allow the board of directors to alter the director’s authority.

Step 2: Organize Shareholders’ Meeting

Businesses must provide shareholders with enough notice before the meeting. Also, the notice must be printed no later than seven days before the meeting date in a local newspaper.

Also, stockholders whose names are on the shareholder registry must get a notice through registered mail. If the registered mail was delivered to the shareholder at the given address, it will be presumed to have been received. Seven days before the meeting, this must be completed.

Only if one-fourth of the company’s shareholders are present can the shareholders’ meeting be held.

Unless otherwise specified in the notice to call for the shareholders’ meeting, the shareholders must receive the notice at least seven days prior to the meeting.

Step 3: Obtain Director’s Signature

The required forms will be filled out once the Board of Directors meeting or the shareholders have authorized the change of directors. The director must sign the documents with consent from other authorized directors of the company. Please take note that the director must physically be present in Thailand in order to sign the necessary paperwork. It is mandatory to complete this formality within 14 days from the date of resignation of the previous directors.

Step 4: Register the Change to the Department of Business Development

The forms must be submitted to the Department of Business Development once they have been filled out and signed. The business must modify its company affidavit to reflect the change in staff within 24 hours of the filing.

After 14 days of the transition, the authorized “former” director must fill out the application forms at the Department of Business Development for changing the director and/or the authority of the director, along with copies of the ID cards and passports of the new and old directors (signed).

The Process of Company Restructuring is as follows:

To register the company’s restructuring, it is mandatory to finish or prepare the following procedures, legal paperwork, and official forms:

• Performing the share transfer,
• Registration of a new shareholder list, 
• Changing the company directors,
• Registration of the new board of directors, 
• Drafting a company resolution to authorize the new owners to access the corporate bank account, 
• Any amendments to the company structuring, such as new articles of associations and shareholders’ agreements.

Now, if you have read up to here and are really about to initiate your process to buy a business in Thailand, let us help you with this. With more than a decade of experience in helping investors successfully register their ventures in Thailand, our expertise is going to make your task easier. Email us your queries at officer@konradlegal.com.

Cost of Thailand Long-term Resident Visa 2023

 

Sometimes it is for business, whereas, sometimes for a peaceful life after retirement – these are the primary reasons why many foreigners approach us for Thailand Long-term Resident Visa. The volume of applications for long-term visas increased greatly after the COVID restrictions got lifted up last year. A few reasons why foreigners prefer a long-term visa in Thailand are as follows:

1. A visa with 10-year validity that you can extend further
2. The requirement to report to immigration once a year instead of every 90 days
3. Avail fast track service at international airports in Thailand
4. Obtain multiple re-entry permit
5. Permission to work in Thailand on a digital work permit
6. Personal income tax rate reduction to 17% for highly skilled professionals
7. Exemption from the four Thais to one foreigner employment requirement ratio

Apart from these reasons, we come across many other requirements that the Thai long-term visa addresses effectively for foreigners.

If you know the details already, to know the Cost of Obtaining a Thailand Long-term Resident Visa straight – Click Here!

The Governor of the Tourism Authority of Thailand (TAT), Mr. Yuthasak Supasorn made a great announcement recently, which is as follows:

The new long-term resident visa is aimed at enhancing Thailand’s attractiveness to ‘high-potential’ foreigners as a regional hub to live and do business. Also, it will embrace a crucial role to promote Thailand as a ‘Remote Worker Friendly’ destination and help us tap this targeted segment. It is expected to attract foreign talent and expertise that can contribute to domestic spending and support economic growth. With the long-term resident visa, the Thai government wants to bring one million wealthy and talented foreigners to Thailand in the next five years.

Source: TATNews, Thailand

Doesn’t this announcement makes the long-term visa for remote workers and digital nomads a great option to immigrate to Thailand? 

So, if you  are a businessperson, retire, remote worker, digital nomad, or investor, you can apply for a Thai long-term resident visa if you hold the following qualifications:

Wealthy Citizens, Investors, or Business Persons

• Hold total assets of not less than US$1 million
• Must have a personal income of not less than US$80,000 per year in the past two years
• Potential to invest in Thailand to the value of not less than US$500,000

Retirees

• Must be at least 50 years old 
• Have investment worth US$250,000 in Thai Government bonds
• Have a minimum annual income of at least US$40,000 or a pension of at least US$80,000

Remote Workers or Digital Nomads

• Have a personal income of at least US$80,000 per year in the past two years
• Hold a work experience of not less than five years
• Work for a legally registered company that has an income of at least US$150 million

Skilled Workers

• Have a personal income of not less than US$80,000 per year
• Hold the necessary skills to address the requirements of the Thai target industries
• Have a minimum of 5 years of work experience in the same domain

Along with the above, applicants have to satisfy any of the following 3 conditions:

• Subscribe for health insurance with coverage worth US$50,000 for at least the first 10 months of their stay in Thailand; or,
• Have a social security certificate covering medical expenses; or,
• Make a cash deposit of at least US$100,000 in a domestic or foreign bank account for the 12 months preceding the visa application.

Now if you fall into any of these categories and meet the eligibility criteria, then you must know about the cost of a Thailand long-term Resident Visa. When we talk about the cost, there is good news for all applicants.

A new long-term resident visa with price revision was declared by the Thai government in May 2022. Foreigners with LTR visas are only partially subject to income tax while they are in Thailand or if they choose to work there. The cost of a 10-year long-term resident visa will be reduced by half, from 100,000 baht to 50,000 baht, according to a statement from the Thai Cabinet. By doing this, the kingdom hopes to entice “high potential” foreigners to live there.

High potential, refers to the potential to invest or the potential to work and contribute to the growth of the Thai economy. Therefore, if you have the funds, skills, or mindset of adding some positive values to the economic growth and development of the Thai Economy, you can go for a long-term visa in Thailand. 
For any and all types of assistance in the process of issuance of a Thailand Long-term Resident Visa, feel free to contact us at officer@konradlegal.com. 

Tax Benefits in Thailand for Startups

 

Tax liabilities can take a different disguise altogether if you are not knowing the regulatory norms. Even if you pay on time, non-adherence can lead to some sort of fine or penalty, or litigation. Similarly, there are a few obligatory aspects that can help you save taxes. In this article, we will explain to you the tax benefits in Thailand for Startups and CVCs. But please note that Tax Regulations in Thailand are very stringent and you must hire reliable Thai tax firms to manage everything smoothly.

Not only startups but there are also provisions of tax exemption for investors on their funding to startups in Thailand. Any person or organization who directly or indirectly invests in Thai startups in form of Venture Capital (VC), Corporate Venture Capital (CVC), or Private Equity Trusts, all are eligible for tax benefits in Thailand. These exemptions hold approval vide a draft Royal Decree of the Thai Revenue Code. This Draft Royal Decree seeks to repeal Royal Decrees No. 597 (B.E. 2559) and No. 636 (B.E. 2560), which prohibit capital gains tax on investments in startups.

The Draft Royal Decree in the Government Gazette is applicable until June 30th, 2032 for all startups and investors. The government expects that these tax advantages will make it easier for Thai startups to attract more funding. Henceforth, this will result in a faster expansion of Thailand’s GDP and a rise in employment.

Let’s take a quick glance through the norms of eligibility for tax benefits in Thailand for startups and investors.

Eligible Startups

A startup must engage in the targeted activities of the “Target Industries”. This classification holds the endorsement of pertinent government agencies. The Committee on Policy for National Competitive Enhancement for Targeted Industries mandates this categorization. Note that, the startup business must rely on technology as the foundation for its production process and services. Additionally, it must be in accordance with rules established by the Director-General of the Revenue Department. The National Science and Technology Development Agency (NSTDA) and the National Innovation Agency (NIA) are the government entities in charge of issuing the certification of the target activities.

Eligible Target Investors for Tax Benefits in Thailand

The Draft Royal Decree requires that all target investors qualifying for income tax exemptions must hold shares of the startup, CVC fund, or PE Trust for at least 24 months prior to the transfer of shares. Additionally, they should refrain from exercising their rights under the earlier Royal Decrees No. 597 (B.E. 2559) and No. 636. (B.E. 2560).

• Either abroad or in Thailand, an investor can register a CVC fund or PE Trust. On the final day of each month, to comply with Thai legislation, the CVC fund or PE Trust must have paid-up capital.
• Additionally, they have to file Accounts with the Securities and Exchange Commission for a financial period of THB 20 million or more.
• Individuals or corporate entities that solely participate in Thai CVC funds and Thai PE Trusts must be shareholders of the CVC fund or unitholders of the PE Trust.

Inability to comply with these regulations will lead to termination of tax exemption for CVC fund or PE trust.

Tax Benefits in Thailand: Terms and Conditions

Direct Investment

If a startup engages in the Targeted Industries and generates at least 80% of its total revenue from the target activities in the two preceding accounting periods prior to the transfer of shares, then a person or a legal entity registered in Thailand or abroad will be eligible for income tax exemptions on the gains from the transfers of shares in that startup.

Indirect Investment through VC

Tax benefits for VC funds will vary depending on the degree of investment made by the PE Trust and CVC fund. Additionally, it depends on the level of investment made by CVC fund shareholders and PE Trust unitholders. The following illustration will make things more clear:

Tax benefits in Thailand for CVC and PE Trust

If a startup generates at least 80% of its revenue from the targeted activities in each accounting period for two consecutive accounting periods prior to the transfer of shares, the CVC fund will benefit from exemptions from corporate income tax on the gains from the transfers of shares in that startup.

There is no corporate income tax for PE Trusts.

Tax benefits in Thailand for shareholders of CVC funds and unitholders of PE Trusts

Tax breaks will be given to PE Trust unitholders and CVC fund shareholders on the following:

Gains from transfers of shares in CVC funds and PE Trusts, where the investors in the CVC funds and unitholders in the PE Trusts will receive personal or corporate income tax exemptions in proportion to their investments, provided that such startups generate at least 80% of their income from the target activities during each accounting period for two successive accounting periods prior to the transfer of shares.

Gains from the dissolution of CVC funds and PE Trusts based on the percentage of retained earnings received from the startups’ target activities, provided that these startups generate at least 80% of their income from the target activities each accounting period for two consecutive accounting periods prior to the dissolution.
Startups confront legal challenges, which Konrad Legal Company Limited is aware of. Your company can achieve its objectives with the assistance of our Legal, Accounting & Tax Professionals for Startups in Thailand, including learning how to successfully draw in new investors. Call us right away for further details. You can also email your concern to officer@konradlegal.com.