PHUKET COMPANY REGISTRATION INFORMATION

 Company Registration Fact Sheet

Key Facts:

. It normally takes between 1-3 weeks to set up a company.
. Foreigners and Thai citizens can be directors.
. Minimum no. of shareholders is 3 persons over 20 years of age.
. Minimum 51% Thai. Maximum 49% of foreign held shares (except if allowed by
  special foreign treaty, Alien Business Act of approval of Board of Investment).
. If a foreign shareholder holds more than 40% or a foreign director is registered
  in the company the Thai shareholders must show evidence of funds
  and how such funds have been obtained e.g.
    1. Certified Employer's letter of monthly salary
    2. Bank book and last 6 months statements
    3. Sale of personal assets and agreement or money transfer
    4. Loan and copy of loan agreement and money transfer
. Post set up a shareholder can be a foreign company or your child.

Documentation and information required:

1. Thai partners:
      a. 5 signed copies of house registration and ID card
      b. Evidence of funds and how such funds have been obtained e.g.
          i. Certified Employer's letter
          ii. Bank book and last 6 months statements
          iii. Sale of personal assets and agreement or money transfer
          iv. Loan and copy of loan agreement and money transfer
2 Foreigner shareholders:
      a. 2 signed copies of passport
      b. Full address
3. Directors:
      a. 2 signed copies of house registration and ID card or
      b. 2 signed copies of passport
4. Partnership address - office/place of work. Different Thailand branches
    are possible.
5. Name of partnership - 3 alternative names can be submitted. All names must
    either be in the format of:
      a. XXX Co.,Ltd or
      b. XXX Phuket Co.,Ltd
6. Evidence of partnership address: A signed approval letter from the house owner,
    a signed copy of their ID card and signed copy of the landowner's
    house register.

Schematic Of Thai Company Structure