Thai Work Permit
Gaining a Thai work permit can be a very rigorous task. There are a number of requirements that you would need to submit. You would also need to appear before a Thai embassy to apply for a visa before you can be issued a Thai work permit. You can apply for a Thai work permit as a skilled worker or as an employer. It is very important to secure a work permit in order for you to work legally in the Kingdom of Thailand. It may sound a little complicated, but it can definitely be done. Our lawyers in Pattaya are the best group to ask regarding this matter.
US-Thailand Treaty of Amity
The Thailand Treaty of Amity allows American companies to keep a majority shareholding or to own wholly its company, branch or representative office located anywhere in Thailand. American companies are also exempted from most restrictions on foreign investments imposed by the Alien Business Law of 1972. Law Firm’s corporate lawyers can tell you more about the US-Thai Amity Treaty also known as the Treaty of Amity and Economic Relations between the Kingdom of Thailand and the United States of America.
Thai Limited Company
The most popular of business structures in Thailand is the Thai Limited Company, particularly a Private Thai Limited Company. A Private Thai Limited Company has a minimum requirement of three promoters. In a Private Thai Limited Company, the shareholders’ liabilities are only limited to the amount of shares they possess. Separation between investors’ body and managerial body is also allowed in a Private Thai Limited Company.
Thai Representative Office
There are certain conditions that apply when a Thai Representative Office require an Alien Business License. It is vital for you to clarify which constitutes your income and which are subject to Thai taxes. At least one of the different purposes is needed to be sought in order to form a Thai Representative Office. This is for the purposes of limited non-trading activities.
There are two types of Thai Partnership – the Ordinary Thai Partnership and the Limited Thai Partnership. The Ordinary Thai Partnership is a business put up by at least two people. They share unlimited liabilities to all of the company’s obligations like debts and taxes. A Limited Thai Partnership, on the other hand, is almost the same with an Ordinary Thai Partnership.