How do I get an international business license in Thailand?

How much is business license in Thailand?

And the government fee for getting a license to operate a foreign business in Thailand is about Baht 35,000.

How do I register a foreign company in Thailand?

5 Easy steps to register your foreign company in Thailand

  1. Step 1: Company Name Reservation. One should come up with a unique name for the company. …
  2. Step2: Filing of Memorandum of Association. …
  3. Step3: A Statutory Meeting to be convened. …
  4. Step4: Company Registration. …
  5. Step5: Tax Registration.

Can a foreigner own a business in Thailand?

Remember, foreigners are not allowed to own 100% shares of any business in Thailand, unless you are a US citizen which you can read more about below. The most popular way to start a business in Thailand is to register a business under a Thai person.

How do you get FBL?

The foreigner can apply the FBL via Minister of Commerce with the approval of the Cabinet. The examination process will take 60 days or will be extended not more than 60 days. After this, the cabinet shall grant the license within 15 days.

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How can I start a Thai business?

The Step-by-Step Guide to Starting a Business in Thailand

  1. Pick a Type of Business. …
  2. Check Out Thailand’s Foreign Business Act. …
  3. Learn About Incentives and Benefits Provided by the BOI. …
  4. Apply for Visa and Work Permits. …
  5. Register Your Company. …
  6. Sort Out Your Paid-Up Capital and Open a Bank Account.

How do I register an online business in Thailand?

To register, the following documents are required to submit to the Department of Business Development (DBD).

  1. Application for E-commerce Registration (Tor. Por. …
  2. ID card or Passport of the applicant. For an individual – ID card or passport. …
  3. A power of attorney (If any)
  4. A clarification letter (In case of late registration)

Where can I register my business in Thailand?

A company that has one or more employees must register at the Social Security Office within 30 days of hiring its first employee. Foreigners who are legally working in Thailand must also register with the Social Security Office and are entitled to the same benefits as Thai employees.

Can a foreigner be a sole proprietor in Thailand?

A business owned by one person with unlimited liability is known as sole proprietorship. … For foreigners, sole proprietorship is only allowed if they are covered by the United States – Thailand Treaty of Amity and Economic Cooperation. Otherwise foreigners are not permitted to operate this type of business.

What business can foreigners do in Thailand?

Top 10 Business Opportunities in Thailand

  • Import and Export Company. …
  • IT Consulting Business. …
  • Translation Services Business. …
  • Create a Catering Company. …
  • Real Estate Company. …
  • Healthcare Services Business. …
  • Opening a Resort. …
  • Travel and Tour Companies.
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Can I buy a business in Thailand?

Even the Thai government would welcome the building of new businesses to earn income and to contribute to the Thai economy. Under normal circumstances, comparing to Western standards however, a foreigner cannot truly own a business in Thailand to a 100%, extent.

Is it hard to start a business in Thailand?

Starting a business in Thailand can be a daunting prospect, but get it right and it can be a lucrative, enjoyable one. … Thailand is the second-largest economy in Southeast Asia after Indonesia, and recognized by the World Bank as “one of the great development success stories” in social and development indicators.

What is foreign business license?

A Foreign Business License (FBL) is a license given to companies with a majority-owned by foreigners or foreign investors who wish to operate business activities restricted to foreign nationals under Thai law.

What is a foreign business certificate?

On the other hand, the Foreign Business Certificate is an “automatic” authorization whereby a foreigner is granted permission to operate a restricted business on the basis of either an international treaty or after having received promotion from the Board of Investment of Thailand (BOI).