There are several benefits and requirements associated with operating an export or manufacturing company in Thailand. We can help you understand the details, guide you through the registration process and set you on the right path to your business success.
There are several benefits and requirements associated with operating an export or manufacturing company in Thailand. We can help you understand the details, guide you through the registration process and set you on the right path to your business success.
Export/manufacturing company is an ideal structure for businesses intending to sell their goods solely abroad. Even though the registration procedure is the same as the process for any other limited company, this structure offers one exceptional privilege – the possibility of a 100% foreign ownership.
Thailand welcomes foreign investment, particularly businesses that are beneficial to the country’s economy. Unlike the majority Thai limited company, export and manufacturing companies in Thailand can enjoy a privilege of not having to comply with the minimum 51% Thai shareholding requirement, since the Foreign Business Act does not prohibit foreigners from operating the manufacturing or export business activities in Thailand.
In order for foreigners in an export or manufacturing company to hold complete or majority shareholding and rights in a limited company operating the manufacturing or export businesses, there must be no indication or operations of any other business activities when outlining the company’s registered objectives. This means that the company cannot have any source of income other than from the manufacture and export businesses.
Export companies in Thailand must register with the Customs department to obtain a paperless import-export license (this requirement also applicable for companies involved in the business of import).
Prior to obtaining this license, the export company should be registered for VAT with the Revenue department and have a corporate bank account in its name in Thailand. Manufacturing companies in Thailand must also check on whether there is a requirement for a factory license, or any other licenses relevant to the manufacturing business. The manufacturing and export companies must apply for all necessary licenses and permissions that may be required for the manufacturing or exporting business, whereby the requirements depend on several factors such as the type of products that will be manufactured and exported out of the Kingdom, and the size of the manufacturing and exporting operations.
Umpire Legal was, to me, the perfect guide through the “jungle” of the Thai business laws and bureaucracy. Throughout the whole process Umpire Legal handled everything with such a high degree of professionalism and ease, that I was left with no doubt in my mind that I had chosen the right company to assist me.
Ralf Wagnersen, Wagnersen Technologies Co., Ltd.I am the owner of SIAM TORQ-ON CO., LTD and we recently setup this Thai branch from the service provided by UMPIRE LEGAL. Due to their professional and quick action, we managed to get the new company registered quickly and started smoothly. I would recommend anyone who needs this type of good legal firm and business partner without hesitation. Good work and thanks so much for your 5 star services!!!
Harry Soh, Siam Torq-on Co., Ltd.Umpire Legal has provided excellent service to help setup our Thai limited company alongside business visa and work permit. They have been very proactive in managing all administrative requirements while also providing insightful advisory along the way. We highly recommend their services to anyone looking for a trustworthy legal firm that provides turnkey service to set up a business in Thailand.
Vincent Pourre, OPTIMA Consulting Co., Ltd.You will never have to touch a legal form (apart from signing it).
Legal & Business Services for Corporates, Startups and Entrepreneurs
Umpire Legal Co., Ltd.
246 Times Square Building, Unit 11-01
11th Floor, Sukhumvit Road (12-14)
Khlongtoey, Bangkok 10110 Thailand
We are open Monday – Friday
9:00 am – 6:00 pm
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Umpire Legal Co., Ltd.
246 Times Square Building, Unit 11-01
11th Floor, Sukhumvit Road (12-14)
Khlongtoey, Bangkok 10110 Thailand
We are open Monday – Friday
9:00 am – 6:00 pm