Company Formation Services
The NNP Group is a consulting firm that specializes in assisting foreign businesses and individuals to establish a business in Thailand.
Call us on +66 (0)81 562 6123 to setup your Thailand based company now!
Company Formation Services
We recommend three potential ways to structure a Thailand Company Limited as follows:
- Thai Owned
- American Owned
- BOI Foreign Owned
All company’s doing business in Thailand are required to register the amount of capital they intend to invest.
After registration of the company, 25% of the investment capital is require to be paid up by the shareholders. Note such capital can be used immediately to pay company start up expenses, make loans, pay salaries, etc. and is not required to be left in the company’s bank account.
The remaining capital is not required to be paid up unless called by the company or required by a condition of a Thailand government agency for purposes of granting a business license or special privileges.
The minimum capital requirement for a foreigner to receive a 1 year work permit / visa in Thailand is 2,000,000 Baht and must be fully paid up. Note a ratio of 4 to 1 Thai employees to foreign employee is also required for a foreigner to receive a 1 year work permit / visa.
The corporate income tax rate in Thailand is generally 20%. Note that company’s in Thailand are generally allowed to take losses for the first 5 years of operation as a general practice of the Revenue Department.
All Thai companies are required by law to keep monthly accounting records and have an independent audit at the end of each fiscal year.
Labor laws in Thailand are very protective in favor of the employees and significant severance payments are required even if you want to terminate employees after a period of over 1 year. Note Thailand labor laws should be considered before significant hirings are made at your business in Thailand.
Professionalism & Expertise
Our partners are former employees of Big 4 multinational consulting firms in Thailand including:
Clients We’ve Served
Nike, Coca-Cola, Pepsi, Unilever, Dole, DuPont, Chanel, Avon, Diageo, Riche Monde, Brown Forman, Cadbury Schweppes, Blackmores, Henkel, Durex, Sara Lee, Abbott, Purac, Kerry Foods.
Banking & Finance
Bank of America, Citibank, HSBC, Credit Suisse, Deutsche Bank, Standard Charter Bank, Merrill Lynch, Morgan Stanley, Visa, Thai Military Bank, Tanayong
Oil & Gas
Chevron, Conoco, PTTGC, Hess, Tractebel, Caltex, Palang Sophon, AlMansoori, Vause, Phillips Carbon, Allied Marine, McConnell Dowell
Toyota, Yamaha, Panasonic, IBM, Nissan, Rolls Royce, Sun Microsystems, Samsonite, Kubota, SKF, Alstom
Legal & Accounting
Freshfields Bruckhaus Deringer, Watson Farley & Williams, Allen & Overy, Ernst & Young
Rockefeller Foundation, World Society for the Protection of Animals
Marriott, Accor, Sukhothai Hotel, Hard Rock Cafe, Erawan Group
UPS, Singapore Airlines, NYK Bulkship, AGS Four Winds
Fitness First, American Kickboxing Academy, Fairtex
Microsoft, Hewlett Packard, Fujitsu, TPI / ISG, SVOA
Central Pattana, Pebble Bay
WPP Group, Service Master
Bloomberg, CNN, Sony BMG