Foreigners who do not consider working in Thailand, but would rather like to invest in business or even open one, should also inform themselves on various restrictions. Therefore, always remember to ask for detailed legal advice before working in Thailand, even as a self-employed person or entrepreneur.
Furthermore, never think about setting up a “shell company” just in order to obtain a long-term visa or to circumvent the restrictions on foreigners buying property and land in Thailand. Just like foreign residents jobbing without a proper work permit, this is anything but a laughing matter for Thai law enforcement.
Many foreign residents who do decide to open their own small business in Thailand choose the legal structure of a Private Limited Company. For this purpose, they have to fulfill the following requirements:
If you plan on starting your own business in Thailand, getting input and support from an experienced lawyer and/or tax advisor is most strongly recommended. Do make sure you have skilled, knowledgeable and trustworthy persons to advise you on legal and financial matters.
If you need more information about the Thai market, reliable data on foreign trade, recommendations of experienced lawyers, etc. do not hesitate to contact your country’s chamber of commerce in Bangkok.
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