Written by: Stepan Pervhyk
Introduction
Thailand, with its exotic landscapes, favorable climate, and growing economy, is becoming an increasingly attractive destination for foreign investors and entrepreneurs. In this blog, we will cover the main aspects of investments and legal services in Thailand that may be useful for Russian-speaking clients and that we can provide for you. We will discuss the processes of starting a business, investment opportunities, and the legal nuances to consider when working in this country.
Starting a Business in Thailand
- Company Registration
Registering a company in Thailand is a process that requires careful preparation and understanding of local legislation. There are several types of companies, the most popular of which are:
– Limited Company
– Representative Office
– Regional Office
To register a company in Thailand, you will need:
– Initial corporate documents: minutes of the founders’ meeting, Charter, etc.
– Minimum authorized capital (additional requirements may be established for certain types of businesses)
– Registered office in Thailand (property or lease agreement)
Siam Global Opportunities (SGO) offers a full range of services for company registration in Thailand, including the preparation of all necessary documents and support at all stages of the process.
- Obtaining Licenses and Permits
Depending on the type of activity, a company may need to obtain various licenses and permits. For example, to engage in import and export activities, it is necessary to obtain the appropriate license from the Ministry of Commerce. Our lawyers will help you with the paperwork required for all necessary licenses, so your business can start operations as soon as possible.
- Taxation
Thailand’s tax system includes several types of taxes, such as corporate tax, value-added tax (VAT), and personal income tax. The corporate tax rate is 20% of the company’s net profit. It is important to note that certain types of businesses may be eligible for tax incentives and benefits. We offer tax consultation services to optimize the tax burden on your business.
Investments in Thailand
- Real Estate
Investments in real estate in Thailand remain among the most attractive for foreign investors. Foreigners can acquire:
– Condominiums (up to 49% of the building’s total area)
– Land on a long-term lease (up to 90 years. This is a 30-year lease with renewal rights)
Acquiring real estate requires careful legal due diligence, proper documentation, and compliance with all legislative requirements. SGO provides legal support services for real estate transactions to ensure your investments are fully protected. Our portfolio includes investment projects of our company, particularly projects by the founder of SGO, Mr. Tong: Beachfront Bliss Phuket, Samui 18 Villa Pool, and others, as well as projects from our partners.
- Financial Investments
Thailand offers diverse opportunities for financial investments, including:
– Stock market (Bangkok Stock Exchange)
– Investment funds and trusts
– Government and corporate bonds
Successful investing requires considering macroeconomic trends, financial performance of companies, and regular market monitoring. Our specialists will help you choose the best investment instruments and provide the necessary information for making informed decisions.
- Business Investments
Investing in local enterprises and startups can yield significant profits, especially in rapidly growing sectors such as IT, tourism, healthcare, and real estate. It is important to conduct a detailed market analysis, risk assessment, and legal due diligence of companies before investing. SGO offers services for evaluating investment projects and legal support for transactions to ensure your investments are safe and effective.
Legal Services
- Legal Support for Transactions
When entering into transactions, whether it is the purchase of real estate, signing contracts, or investment agreements, it is crucial to have professional legal support. A qualified lawyer will conduct a legal review of the documents, ensure their compliance with the law, and protect the client’s interests. SGO offers legal support services for all types of transactions to ensure your interests are protected at all stages.
- Dispute Resolution
In case of disputes or conflicts, having an experienced lawyer who knows local legislation and procedures can significantly simplify the resolution process. Various methods of dispute resolution exist in Thailand, including litigation, arbitration, and mediation. Our lawyers will help you choose the best method for resolving the dispute and represent your interests in court or arbitration.
- Obtaining Visas and Work Permits
For foreign nationals planning a long-term stay in Thailand or conducting business, obtaining the appropriate visas and work permits is necessary. Legal support in this matter will help avoid potential problems and speed up the process of obtaining the required documents. We offer services for processing all types of visas and work permits so you can focus on your business.
Advantages of Working with a Professional Lawyer in Thailand
Working with a professional lawyer has numerous advantages, including:
– In-depth knowledge of local legislation and law enforcement practices
– Protection of client interests and risk minimization
– Professional support at all stages of business and investment activities
For our clients from Russia, we have a corporate lawyer, Stepan, with many years of corporate experience.
Conclusion
Thailand offers vast opportunities for foreign investors and entrepreneurs. The right approach to legal aspects and professional support can significantly simplify the process of starting a business, making investments, and addressing potential legal issues. We, Siam Global Opportunities (SGO), are ready to offer a full range of services for Russian-speaking clients aiming for successful activities in Thailand.
If you have any questions or need a consultation, do not hesitate to contact us. We are always ready to help you on your way to successful business and investments in Thailand.
