A proper business setup starts with selecting the right form of entities. Before starting the operations, any business has to select the suitable form of entities.

We assist clients choose the form of entities that fits clients’ needs and set up/register a various types of entities including a limited company, a partnership, an unincorporated joint venture, a branch office, a regional office, a representative office and regional operating headquarters.

Normally, the tax law, the Foreign Business Act and the regulations in a relevant industry are the main factors in selecting the form of entities for a business.

In advising clients making the right choice, we take into consideration the tax law, the Foreign Business Act (if business is foreign owned) and the regulations in such industry.

First, the Revenue Code and other tax laws tax different types of entities rather discriminately, which leaves some room for a business to structure in a type of entity that is taxed at the lowest rate or the least taxed entity.

Second, typically, a foreign owned company is deemed as a foreign entity who cannot engage in certain restricted businesses under the Foreign Business Act. A foreign incorporated company is required to obtain a foreign business license before opening a branch or forming a locally incorporated subsidiary company to engage in certain restricted businesses under the Foreign Business Act.

With our practical solutions, our Thai corporate lawyers can help clients form their locally incorporated company in the way that minimizes the regulatory burden. Alternatively, our Thai corporate attorneys can assist clients in obtaining the foreign business license.

Third, the regulations in each industry might impose certain requirements on the business that operates in such industry.