A Bangkok Foreign Business Licence Lawyer Can Help You Get All the Permits and Licenses You Need

A Bangkok foreign business license lawyer will assist you with obtaining all the permits and licenses you need to start your business. You can also obtain 100% foreign ownership of your business and a work permit for Thailand. If you are planning to invest in Thailand it is crucial to have a foreign licence. How do you obtain one?

How do you obtain a foreign business license

Foreign business licenses are required for those who want to establish a company in Thailand. This license allows the foreign owner to own a majority of the company. This is important as it gives the foreigner more control over his business and could also facilitate partnerships. However, obtaining an international business license could take some time. An experienced lawyer in Bangkok can help you navigate the process.

To obtain a foreign business licence foreign companies have to submit an application to Thailand's Foreign Business Act. A licence is available for several kinds of business conducted by an international company. There are a number of exemptions based on specific acts and treaties. Certain companies are also barred from operating in Thailand.

There are many requirements to get a foreign business licence in Thailand. A foreign investor must be at the least 21 years old and financially stable.Thai foreign business license specialistmust also reside permanently in Thailand and be competent. The FBA is not available to managers who haven't been sentenced in the past five years.

Obtained 100% non-Thai control of a company

Thailand's Board of Investment is a government agency that encourages foreign investors to start businesses in Thailand. The objective of the BOI is to boost Thailand's competitiveness within the Southeast Asian business community. Although it can be difficult for foreign entrepreneurs to start the foundation of a Thai business but there are numerous benefits that can make it worthwhile.

Thai companies don't have the same strict regulations like other countries on foreign ownership. Foreigners can acquire 100% ownership of the Thai company if they have Thai business partners and retain the control. This is also possible when the business is incorporated in the tourism sector. If the company is a US company, US citizens can use the Amity Treaty to obtain the foreign ownership certificate.

Tax benefits are also available as well as the benefits of foreign ownership. The Thai government offers various tax incentives for foreign investors. A BOI-certified business can get reduced import duties for up eight years. The company also has the right to hire foreign-trained employees. Furthermore, companies that are supported by the BOI are able to purchase land for industrial projects. After an investor has submitted an application the BOI will examine the business' application and conduct two rounds of interviews with its owners.

Applying for an Employment Permit in Thailand

If you're considering starting the first business in Thailand You should think about seeking advice from an expert on procedures for getting a work permit. The process can be complex especially if you're not based in Thailand. Because of this, it is important to get it right from the beginning. An experienced lawyer can help you navigate the process and ensure that you don't overlook any crucial steps.

In the beginning, you must obtain an immigrant visa. It takes about seven days to obtain your work permit. After receiving your work permit, you'll be required to submit certain documents to prove your legality of working in Thailand. You must always have your valid work permit. Additionally, you cannot perform any duties that aren't stipulated in your work permit. You can only perform duties for the company who issued your permit.

Foreigners who would like to work in Thailand must apply for the Non Immigrant Visa. This can be done in Thailand or at your country's Thai Embassy. You'll need to complete all the required paperwork and provide it to the Thai Embassy. The work permit must be kept at the workplace and must be renewed by the foreign employee.