Large business setup in Thailand
Launching a corporation requires meticulous planning and effort, as there are unique challenges and considerations involved. We will explore the benefits of establishing a large company in Thailand and how our tailored solutions can help you achieve success.
The process of setting up a large business
Creating a big company in Thailand is similar to starting a small or medium-sized business, but because of its size and intricacy, establishing a large enterprise usually takes more time and resources. The steps involved in the process are as follows:
Choose a business name
The name of the business must not be already taken and needs to be one-of-a-kind. You can verify if a name is available on the Thailand Trade Registry’s site.
Select legal entity type
Choosing the right legal structure is crucial for the prosperity of your major business. To assist you in making a knowledgeable choice that fits your individual needs and long-term goals, we offer expert advice on Private Company Limited by Shares, Public Limited Company, Branch Office, and Holding Company.
Set up legal address
It is crucial to have a valid address when initiating a business, as it acts as the primary point of contact for governmental bodies, legal entities, and essential business communications. Selecting a legal address that complies with local laws and meets the needs of your business is crucial.
Get the necessary paperwork ready
Our team of professionals will assist you in developing accurate and comprehensive documentation that is tailored to the specific structure and objectives of your company. We assure compliance with all legal requirements and will handle the filing procedures on your behalf.
Open a bank account
We will help you through the process of opening a bank account, making sure that the company follows the regulations and selecting a trustworthy financial institution for your account in Thailand.
Company registration
We take care of registering your business with authorities such as the Trade and Companies Register and tax authorities, freeing you from administrative duties. This ensures that your business is officially recognized and compliant from the beginning.
Setup accounting
In order to have a successful start for a big company, it is crucial to keep precise financial records. Our group of accounting professionals can assist in creating efficient accounting and bookkeeping processes that adhere to the regulations in Thailand.
Large business examples
There are a variety of industries and sectors in which large-sized businesses operate, each having their own unique requirements. Some examples of large-sized businesses are:
- Aviation: Airlines, major aircraft manufacturers
- Bank: Large, national, or international banks
- Blockchain: Depending on the company, it can also be also medium or small sized business
- Cars and vehicles: Major car manufacturers, large fleet management companies
- Construction: Firms handling large infrastructure projects
- Energy: Utility companies, oil and gas producers
- Freight and package transportation: Major shipping and logistics companies (FedEx, UPS, etc.)
- Minerals: Large-scale mining operations
- Tourism and travel: Major hotel chains, international tour operators
Benefits of establishing a large business in Thailand
Thailand is an attractive option for establishing large businesses, providing numerous benefits:
Strategic location
Thailand offers a buoyant tourism industry, financial stability, and prospects in tourism, manufacturing, and services for firms seeking opportunities in a reliable and appealing market. With its diverse cultural legacy, beautiful beaches, and governmental rewards for international investment, Thailand provides various benefits for companies aiming to build a foothold in the area.
Favorable tax regime
Thailand offers a 20% flat corporate income tax rate and incentives for investments in specific industries, along with tax exemptions in designated zones. The country’s advantageous position in Southeast Asia and varied economy make it an appealing destination for businesses.
Banking
Thailand’s banking sector offers both stability and a variety of financial services and investment opportunities, making it an appealing choice for investors looking for secure banking options in a steady and attractive market.
Our Large business setup solutions
We understand the value of your time and resources. That is why we offer two convenient choices to make the company formation process easier.
Business formation online
By utilizing the online platform offered by Thailand, individuals worldwide can begin and finalize the process of starting a business. The option to track advancements, submit necessary paperwork, and access our services via secure digital interfaces guarantees a seamless and convenient encounter.
Business formation remotely
If you would like a more hands-off approach, we can manage all the paperwork on your behalf. Our team of experts will handle all the necessary formalities, complete the required paperwork, and communicate with the relevant authorities to ensure your peace of mind.
Contact us
Get in touch today to schedule a consultation and begin pursuing your business goals. Let’s start this journey together.