How to Get a Thai Foreign Business License Specialist

A foreign business license is required when you plan to open a Thai business. If you're looking to do this, you'll need get a valid permit from MSNA which is one of the Thai government's partners for foreign business licenses. Before applying for an international business license in Thailand, you'll need to consult with a qualified legal advisor.

List Two of foreign business licenses

For certain kinds of businesses foreign business licenses are required in Thailand. There are three types business licenses. List One is for businesses with no restrictions and List Two for those with restrictions. These licenses are only available to companies that satisfy specific requirements. For example foreigners are prohibited from operating certain kinds of airlines and transportation businesses. They are also prohibited from operating any businesses that could pose a threat to security of the country. If they are unwilling or unable to compete with Thai citizens, foreigners could be banned from operating certain types of businesses in Thailand.

Foreign business requires capital requirements to obtain a license

If you are planning to start your own business in Thailand you must meet the minimum capital requirements before applying for a business license. Foreign companies must have two million baht as minimum capital, and an additional three million baht as additional capital. However, there are some exceptions to these capital requirements. For instance under the Treaty of Amity between the United States and Thailand, you can be a shareholder in a company with majority foreign ownership if you are a U.S. citizen holds a majority of directors and shares.

Exemptions from foreign business licences

There are several ways to avoid having to obtain the Thai foreign business license. They can be granted under a variety circumstances. In some cases foreign-owned businesses can be exempted from law completely. For example the American-owned business could be exempted from the requirements of the Treaty of Amity and Economic Relations between Thailand and the United States.

Consultation with a qualified legal advisor prior to engaging in service business in Thailand

If you're planning to start a service business in Thailand, it is very important to consult with an experienced legal professional who is familiar with the Thai legal system. There are numerous free trade agreements in Thailand which makes it a popular place to conduct international business. You should ensure that you choose an expert in law to avoid costly mistakes. The best method to achieve this is to engage a local lawyer.

Taxes in Thailand

In Thailand, businesses with an annual turnover of 1.8 million or more must sign up for VAT. VAT is an amount of sales tax that must be paid at each stage of production and distribution. Businesses must also register when they conduct business in Thailand for more than one month. The deadline for registration is 15th of the month preceding the month when the tax is paid. Additionally certain incomes to non-residents, such as royalty and services, must be reported as self-assessment.

The scope of work for the  Thai foreign business license specialist

If you're looking to begin an enterprise in Thailand there are a few conditions that must be met. The first step is getting a Thai foreign business license which is required by law. The process can be very complicated, and an expert should be consulted for the right information.