International Thai Law Firm and Notary Public in Pattaya, Thailand

Company Formation

There are three types of business organizations conducting business in Thailand:

A Private Limited Company (Co., Ltd.)

The reservation of a company name
Memorandum of Association
Three promoters
Minimum capital of 1 million Baht
Tax registration

An ordinary partnership

A minimum of two persons sharing unlimited liability for all the company’s obligations
A registration is not mandatory

A Limited Partnership

Similar to an ordinary partnership except liabilities are limited
Limited Partnership must be registered

Balance Sheet

A quantitative summary of a company's financial condition at a specific point in time including: assets, liabilities and net worth. Thai companies must prepare their financial statements at least once in every 12 months.

Audit

Companies in Thailand must have their financial statements audited in accordance with the auditing standards issued by the Federation of Accounting Professions (FAP).

Taxation

Everybody who lives in Thailand for more than 180 days per year is considered a Thai resident for tax purposes. Most expatriates will have to consider the following five taxes:

Personal income tax
Corporate income tax
Specific business tax
Value added tax (VAT)
Withhold tax

Investment Consulting

We provide comprehensive, client focused investment consultancy services.

Real Estate

For more information and latest offers please visit our real estate site www.thailegal-properties.com

Notary Public

Khun Kamnod Soponvasu and Khun Pornchai Kokiattrakul are both licensed by the Lawyers Council of Thailand as Notary Services Attorneys to administer oaths and statutory declarations, to witness and authenticate documents and perform certain other notarizations.

Translations

We undertake certified and notarized translations accepted by all authorities.

Work Permits

All aliens engaged in any kind of work in Thailand must hold a valid work permit, issued principally by the Department of Employment of the Ministry of Labor and Social Welfare pursuant to the Alien Employment Act B.E. 2521 (A.D. 1978). Working without a valid work permit is a criminal offense.

Testaments

It is strongly recommended to draft a testament (last will) in both your home country and Thailand since different jurisdictions usually require different formalities.

Driving Licenses

Once you have been in Thailand for a period exceeding 3 months, you will need a Thai driving license, even though international driver’s licenses are legally accepted.

School Licenses

Every private educational establishment in Thailand has to apply for a school license according to the Private School Act B.E. 2550 (2007).

Business Licenses

A Thai Business License is issued and certified by the Department of Commercial Registration.

Insurance

We provide a wide range of insurances to safeguard you against any eventualities.

Trademark Registrations

Registering a trademark provides legal protection against counterfeiting and infringement and expedites your ability to enforce your rights. Registration is governed by the Trademark Act of Thailand of 1991, as amended by Trademark Act (No. 2) of 2000.

Patent Registrations

Thailand promulgated its first patent law, the Patent Act, in 1979, with significant amendments added in 1992 The Act protects both inventions and product designs and pharmaceuticals.

Copyright

Copyright law in Thailand governs the legally enforceable rights of creative and artistic works under the Copyright Act BE 2521 (1978), as amended. Copyright is automatically protected for 50 years and does not need registration; however it can be filed with the DIP.

Legal Court Action

For legal advice applicable to your specific situation, please contact one of our lawyers at our office.

Labor Disputes