Are you looking to register a non-profit organisation in Thailand, but are unsure about the kind of legal structure that would be most suitable for your cause? We can expertly explain to you the differences between a Foundation and an Association as well as provide further information on the registration requirements.
The initial investment requirement for a Foundation is at either 250,000 THB or 500,000 THB depending on the objective for which the Foundation is being incorporated, whereby part of the investment must be evidenced in cash while another part may be evidenced in the form of assets.
Foundations in Thailand are set up for non-profit purposes so none of the parties involved can benefit from its profits or donations, which must be used in meeting the objective for which they are established. As Foundations in Thailand can accept donations from the general public, they can issue tax receipts.