Bangkok Company Formation Services

Registration, Work Permit, Special Industry Permit application according to Bangkok Regulations, we need to do KYC (Know your client) before engagement with your assignment.

Email: bkk4ww@evershinecpa.com

Or
Thailand Evershine BPO Co., Ltd.
1108/31 Sukhumvit Road, Phrakanong,Klongtoey, Bangkok, Thailand 10110
Contact:
Ploy Lee Thai speaks Chinese and Thai
Pay Xiao Thai speaks English and Thai
or
Headquarter Engaging Manager:
Jerry Chu, Director
Mobile: +886-939-486-835
Tel: +886-2-2717-0515 Ext: 104

The  two-tier Thai investment  structure BKK1 and BKk2

The  two-tier Thai investment  structure  is  the features for  setting up foreign-controlled business in Thailand.
Setting up a general (non-manufacturing) wholly-owned foreign entity  in Thailand for your parent company is very difficult.
Unless it’s U.S. shareholders, 100 percent exports, or certain industries  which  can go through a complicated BOI application process,
It requires fully paid-up capital of more than 100 millions of Thai currency (about 3.5 million US dollars).
If you want to set up Representative Office In Thailand  is also difficult.
The usual  choice is to establish a two-tier Thai local company, BKK1 and BKk2.
BKK1 has 51% Thai shareholders plus 49% of your company. Capital of  BKk1, about 2 millions of Thai currency.
And then use BKKI hold 51% of BKK2, plus 49% of your  aprent company contribute about 2 millions  of Thai currency.
The final investment of about 4 millions  of Thai currency, your shareholder ratio reached 74% and loan to Thai Citizen 26%.

In some cases, the two-tier local company structure may be too complicated for your initial stage in Thailand.
If you do not want to receive Thai currency invoices in Thailand, but you need to hire someone, we recommend that you use our Temporary Employee Outsourcing Services before establishing Subsidiary in Thailand .
This service means that the personnel you recruit are temporarily recruited by Evershine in Bangkok. Due to some reasons, your parent company has not yet established a foreign subsidiary in Thailand, but there is a demand for personnel.
Evershine will arrange the employees you recruit according to the laws and regulations of wages, labor and personal income tax in Thailand.

*** Introduction to the registration procedures of foreign companies in Thailand

ELR-SUB subsidiary registration

Thai Business Office handles subsidiary registration

1. Company name query:
Choose 3 Chinese or English in priority order. Required documents: provide the first page of the applicant’s passport photocopy, temporary address.
2. Register of original shareholders:
more than 3 people, (49% of registered general company foreigners, 51% of all Thais).
If you invest in accordance with the Amity Treaty (ELR-AMT) method, you can exempt from this restriction with foreign shares and 100% foreign shareholders.
– Please provide all shareholder ID cards, passport copies and immigration cards
– Thai shareholders must have bank account proof from 01/01/15 –
If Thais cannot provide bank proofs, 3 Thai people or 3 foreign people should register first, 7 days Then change the correct shareholder.
3. Registered capital: (assuming 2 million baht)
4. Business items
5. Company address: Provide land deed or house registration copy, landlord ID card and lease contract, and introduce the company map.
6. Company seal (if you entrust us to engrave it on your behalf, you must inform us of the seal sample or engrave it yourself)
7. 1-4 persons in charge of the company (foreigners are recommended at the beginning of establishment)
8. Please inform in advance if there are special regulations and restrictions in the management regulations.

ELR-AMTAmity Treaty Registration

– Registering a company under <<the Treaty of Amity and Economic Relations between the United States of America and the Kingdom of Thailand >>:
It allows the US company to maintain a majority shareholding or fully own its company, branch office or representative office in Thailand.
-Requirements:
The majority of the company must be US citizens, or a company registered in the US with a majority of its shares held by US citizens.
Most authorized company directors must be Thai or US citizens.
Directors from other countries can serve as directors in a 2:1 ratio.

ELR-FBL Foreign Business License

What is a foreign business license?
In Thailand, a foreign business license can be granted to a foreign company that is majority owned by non-Thais, or to a foreign investor who wishes to operate a business that is generally restricted to foreigners under Thai law.
If a foreign company were to apply for such a license, they must first check under the<< Foreign Business Act>> to verify that the type of business they wish to operate is permitted under Thai law.
Some business types are entirely reserved for Thai nationals.
Foreign investors and foreign-funded enterprises can apply for foreign business licenses from the Foreign Licensing Department of the Ministry of Commerce of Thailand.
The minimum capital requirement to set up such a company in Thailand is 2 million baht.
The process of applying for a foreign business license is usually expedited if approved by the Thailand Investment Authority.
Thailand Foreign Business Restriction Law
According to the Foreign Business Act (Thailand) BE2542 (FBA), there are three types of business activities:
List 1: Foreigners are prohibited from doing business
List 2: Foreigners are allowed to do business under conditions
List 3: Foreigners are not yet allowed Doing
Business Sections 1, 2 or 3 of Thailand’s Foreign Business Act are subject to the provisions of this Act.
Foreigners are strictly prohibited from engaging in the activities listed in List 1.
List 2 prohibits the entry of foreigners unless approved by the Cabinet.
Foreigners are prohibited from engaging in businesses listed in List 3, unless authorized by the Director-General of the Commercial Registration Department (“CRD”).
Please refer to: Questions and Answers on Relevant Regulations on Company Establishment in Thailand (Chinese)

ELR-VRA Company Registered Address – Annual Fee

Company registration requires a registered address. Evershine can provide your company office registration address.

ELR-GOV Industrial and Commercial Government Fees

Government fees (Only for reference) include:
1. Gov. Fee (Certification of Documents BOI): THB 2,400
2. Gov. Fee (Duty Stamps BOI): THB 500
3. Gov. Fee (Setup Duty Stamp & Certification): THB 1,000
4. Gov. Fee (2 millions Baht capitalization): THB 11,000
5. Gov. Fee (Update Company Affidavit): THB500
6. Gov. Fee (Foreign Business License): THB22,000
7. Gov. Fee (Import/Export License): THB150
8. Gov. Fee ( Certification of Documents I/E License): THB 500

ELR-OPE Industrial and Commercial Advance Request

Including postage, seal making fee, translation fee, telephone fee, car fare, etc. (Translation, Company Seal, Traveling Fee).

BOI Promotion of Investment Program Application

**If the Thai-invested local company that does not use two layers is a common foreign-funded structure, and the investment is less than 100 million Thai-invested, apply for the BOI Promotion Investment Plan, which is usually used in the manufacturing industry.

**Bid for BOI investment promotion plan application
1. BOI foreign investment application process:
(Fill in the application form)–>(BOI case submission application)–>(Relevant materials collected and sent)–>(Interview with officials)– >(Insufficient information supplement)–>Official receipt (final supplement) sent to the review committee–>(Consent letter for provisional terms of investment incentives)–>(Consent letter signed back)–>(Submit company registration information) and ( 25% of the registration amount (copy of the water slip) –> (BOI original approved and issued)
2. The working time takes about 60 working days (because of the need to cooperate with the orderly payment of our documents and the official working time)
3. Remarks column: When the BOI official notifies When receiving the approval document, the following information must be provided within one month at this time:
-Company registration document information
– The bank account needs to remit at least 25% of the registered capital amount (transfer investment certification document)
– Foreign remittance slip It is necessary to indicate the destination of the remittance (investment in Thailand)
– the responsible person’s passport signature The above documents are submitted to the BOI unit for about 15 days, that is, the original documents will be approved

**If Americans or 51% American-controlled American companies apply for shareholders, they will be regarded as Thai companies established by Thais or Thai companies as shareholders.
In this case, there is no need to apply for BOI.
This is called Amity Treaty Registration, please refer to ELR-AMT.

***Thai company ELI starts company business application service

ELI-IBA bank account opening and online banking application service

Handle bank account opening project (find the nearby bank and inform the branch name)………> We will provide shareholders meeting minutes………………………………………

(a) The original copy of the company registration document, the bank will verify the copy by itself (the document is valid within 1 month)
(b) The company seal
(c) The responsible person’s passport and business visa or travel visa
(d) More than 20% of the shares need to be present There may be a power of attorney
(e) A deposit (cheque) or B deposit (current account)…> Please inform the bank by yourself

ELI-FTC Tax Identification Number Application

Corporate tax ID, companies that are subject to corporate income tax must obtain a tax ID card and number from the tax bureau within 60 days of the date of establishment, or in the case of a foreign company, from the date of commencement of business in Thailand.

ELI-GTA VAT Application Service

Issued Company Operating Tax “PP. 01” Application for company value-added tax “PP. 01” Form for company sales and purchases 7% value-added tax: Original temporary license Por Por 01 Please prepare the following information in advance:

(a) Company signboard (English or Chinese)
(b) Internal and external photos of the company (two near and far outside, but must have house number and signboard)
(c) Rental contract, landlord’s ID card and landlord’s household registration book
(d) Person in charge Copy of passport (inside) signature
(e) company registration documents and seal
(f) brief introduction company map
Note: When our tax bureau handles the company’s value-added tax, it will be issued (original temporary license Por Por 01), the original copy of the company’s 7% value-added tax (Por Por 20), the Internal Revenue Service will send the original to the company within 1 month.

ELI-PTI company employer withholding tax number application service

Company Personal Withholding Tax Account Application

ELI-LIC Social Security Number Application Service

Social Fund Registration Social Security Protection (Labor Insurance)-Employer Registration

ELI-CIE Customs Import and Export License Application Service

Before doing import and export, you must apply for a customs import and export license. Apply for import and export certificates.

ELI-GOV Government Fees for Initiating Business Application Services

Government fees (only for reference) include:
1. Gov. Fee (Social fund Registration): THB 1500
2. Gov. Fee (Duty Stamp &Certification): THB: 500

ELI-OPE Start-up company business application service advance payment

It refers to the postage, transportation expenses, and other related expenses incurred by our company’s personnel to undertake the business of this subsidiary of your company, and is an estimated amount based on experience.

Thailand foreign-owned incorporation Procedures

Please see below link
Thailand foreign-owned incorporation Procedures

After-Set Up Cloud Accounting, Tax and Payroll Compliance Services
*Accounting service using Cloud collaboration system
*Cashier role as ”Maker” in internet-banking account
*Thailand Tax Compliance Services
*Payroll Compliance Services

We will act as your in-house accountant in your Bangkok subsidiary
When you adopt our services, we will use our proprietary Cloud platform to build up a collaborative working environment among your staff and Evershine staff. Your company’s CFO or any assignee can approve payment request/s and do the money transfer through online banking anytime, anywhere! No need for you to fill your Accounting, Finance, Payroll and IT Departments in your WFOE in Thailand. Fraud-proof, Seamless collaboration, Hassle-free are some of our service features.

We use cloud system to monitor service quality including on-time delivery and correctness. Our business model has been providing very high-quality services at a competitive cost. Several hundreds of MNC (Multi-national company) are our clients.
The client list will be provided upon request.

Contact Us

Email: bkk4ww@evershinecpa.com

Or
Thailand Evershine BPO Co., Ltd.
1108/31 Sukhumvit Road, Phrakanong,Klongtoey, Bangkok, Thailand 10110
Contact:
Ploy Lee Thai speaks Chinese and Thai
Pay Xiao Thai speaks English and Thai
or
Headquarter Engaging Manager:
Jerry Chu, Director
Mobile: +886-939-486-835
Tel: +886-2-2717-0515 Ext: 104

Additional Information

Evershine has 100% affiliates in the following cities:
Headquarter, Taipei, Xiamen, Beijing, Shanghai, Shanghai,
Shenzhen, New York, San Francisco, Houston, Phoenix Tokyo,
Seoul, Hanoi, Ho Chi Minh, Bangkok, Singapore, Kuala Lumpur,
Manila, Dubai, New Delhi, Mumbai, Dhaka, Jakarta, Frankfurt,
Paris, London, Amsterdam, Milan, Barcelona, Bucharest,
Melbourne, Sydney, Toronto, Mexico

Other cities with existent clients:
Miami, Atlanta, Oklahoma, Michigan, Seattle, Delaware;
Berlin, Stuttgart; Prague; Czech Republic; Bangalore; Surabaya;
Kaohsiung, Hong Kong, Shenzhen, Donguan, Guangzhou, Qingyuan, Yongkang, Hangzhou, Suzhou, Kunshan, Nanjing, Chongqing, Xuchang, Qingdao, Tianjin.

Evershine Potential Serviceable City (2 months preparatory period):
Evershine CPAs Firm is an IAPA member firm headquartered in London, with 300 member offices worldwide and approximately 10,000 employees.
Evershine CPAs Firm is a LEA member headquartered in Chicago, USA, it has 600 member offices worldwide and employs approximately 28,000 people.
Besides, Evershine is Taiwan local Partner of ADP Streamline ®.
(version: 2024/07)

Please send email to HQ4bkk@evershinecpa.com

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