COMPANY INCORPORATION
COMPANY INCORPORATION
COMPANY INCORPORATION
BRANCH OFFICE
A Branch Office in Thailand is similar to limited companies. It does not have any shareholders or directors because it is not a registered company. Rather, it is just an extension of its foreign head office and acts as a local branch of a foreign company.
OVERVIEW
Up to 100% Foreign Ownership
Restricted to the Branch Office registered business activities
Registration takes 3-4 months
3M THB paid up capital
Regular corporate income tax rates apply
Foreign Business License issued upon approval of registration
HOW TO APPLY?
The application process for registering a Branch Office in Thailand requires the company documents of the foreign head office to be notarized, a complete business plan to be provided for the intended activities to be carried out in Thailand, and translated into Thai.
Step 1: Check name availability
As an extension of the foreign head office, the Thai branch will have the same company name. The branch name will also include a corresponding abbreviation.
Step 2: Documentation preparation
A Branch Office will not have its own Articles of Association, however, original and copies of the foreign head office or the parent company's incorporation documents are required upon registration. A letter of appointment of an individual in Thailand (may be of Thai or Foreign national), a copy of the appointed individual's passport, a declaration letter, a map indicating the location of operation in Thailand, a power of attorney in case another person has been authorized to act on the applicant's behalf, a detailed business plan, and any other evidence or documents required by the Ministry of Commerce.
Step 3: Obtain approval and Obtain Foreign Business License
Branch Office incorporation in Thailand is subject to approval and depends on the economic benefits brought to the country by the new branch. A Foreign Business License will also need to be obtained in order for the Branch Office to operate its business in Thailand.
Step 4: Obtain other licenses
Branch Offices require special permits and licenses depending on the business field in which they operate in. This usually applies to the financial sector and in other areas of business.