Expert Business Lawyer Phuket

Why you should have an expert business lawyer

Most individuals have the misconception that they can save a lot of money by not hiring a business lawyer. Individuals think that they are aware of all the legal rules and regulation due to which they will not have to deal with any issues. Some people think that they will hire a lawyer when they will need one, so there is no need to have a permanent lawyer working for them.

Whether you have a small business or a huge enterprise, our Phuket lawyer is the most important part of your team. If you will not have a lawyer by your side chances are you will have to deal with serious issues. Make sure that you hire a business lawyer as soon as possible because they can provide the following benefits.

Interest management

As a business owner, you know that you will have to deal with the interest rate of many things. Even the small business owners have to apply for loans, so they can get money for the production of new products. You will have to pay the interest on the loan that you will get. There are some lenders who will charge you more interest than the market rate. You will not have to deal with such scams when you have a lawyer by your side. The experts will assure that you will only have to pay the legalized interested rate.

Deal with all legal issues

When you are doing a business, there are several legal issues that you will have to deal with. Working with our Phuket law firm will give you the peace of mind that experts will take care of all the business-related issues.

  1. The expert will assure that the application for the new products will get the approval in limited time
  2. They will take care of all the legal requirements of the company and will make your that you will not break any law.
  3. Phuket lawyers will represent your company with such perfection in the court that everyone will believe you are the best
  4. In case the payment of the loan has been delayed, experts will deal with the lenders to assure you can get some extra time.

Management of tax matters

Tax is one of the most important issues that business owners have to deal with. From the tax of the building to machines and products, they have to manage everything. However, there is some business owners who are unaware of the rules and regulations associated with the tax. That is why they do not know the amount of tax they will have to pay. In this situation working with a Phuket law firm is the best solution. Experts will calculate the amount of tax that you will have to pay to assure that you will not delay any payments.

Protect the copyrights of your business

There are many business organizations that have been dealing with the copyright issues. They have not properly privatized their business, this is the reason other organizations are stealing their name, logo and product ideas. Do not worry because our Phuket lawyers can help you in this situation. They will assure that your company has proper copyright for everything associated with the business. As well as they will file a lawsuit against all the companies that is stealing the ideas.

Legal advice on business related issues

There are several business-related issues in which you need the advice from the lawyer. The reason is that you have to assure that the new products and services you are planning to introduce will not cause any kind of legal issues. As well as you will need the help of the lawyer to get the approval and copyright for the new product that you are planning to introduce. A reliable lawyer will always give you the best advice and will assure that you will not have to deal with any issues.

Protection against litigation

The most common issue many business owners have to deal with is the lawsuit. It affects the productivity of the business because most of the time is wasted in clearing the name of the business. After that, it often becomes hard for the business owners to maintain a positive ranking. However, with the help of a lawyer, you will not have to deal with such issues. They will professionally manage the case and will assure that no one will know about the lawsuit. They will quickly clear the name of your business to assure that you can proceed with the production of products and selling process.

Helps with online business

The trend of maintaining an online business is rapidly increasing. Most individuals think that online business does not require a lawyer. You should know that the issues with online business are more as compared to the local business. It is better that you hire a Phuket lawyer because he/she know how to assure that your business is protected against all legal issues. It is very easy to steal the business logo, name or ideas online. Only with the help of a reliable lawyer, you can avoid such issues.

Bottom line

There are many law firms working in the industry that selection of the best one often gets tough. There is no need to go elsewhere when you have HWAL law firm by your side. We have the biggest and most talented team of Phuket lawyers who have been working in the industry for many years. At HWAL law firm, we provide the entire services at the most affordable rate. You can contact our experts for free consultation.

Company registration

What To Do if Someone Offers you a Business in Phuket

Foreigners are truly welcome in Thailand. There are laws which might be designed to make the country pleasant to foreigners, especially the ones looking to make investments within the economy. There’s the condominium Act that permits overseas nationals to buy condo properties. There also are free exchange agreements that provide nationals of positive countries perks while doing business in Thailand.

If you’re the type who has buddies who loves to do business, then possibilities are one of those contacts has had ideas of making an investment in Thailand. That’s an excellent concept, but bear in thoughts that the legal landscape there may be unique from what you’ve been used to in your private home country. You need to find out what steps you need to take in case you are to invest in a business in Thailand.

Find out What the law Says

There are legal advices online, however we’ll get to that during a moment. At this factor, you have to first do research on what Thai law in preferred says about overseas investment. This is not supposed to discourage you, but we’d need to remind you that lack of knowledge of the law isn’t always an excuse. The specifics are a work for the professionals, however at least you need to have a popular idea of the guidelines inside the country concerning overseas funding. at least, on the onset, you can inform that what is being proposed to you is illegal so you can say, “No” or recommend a few adjustments.

Discover What the marketplace Is

This stage is known as a feasibility study. starting a business good, but you have to discover if there’s a marketplace for what you and your buddies are making plans on selling. You’d want quite a few information right here to justify your decision, so that you have to spend a large amount of time on this step. Take notice that you could discover some information that would suggest that your planned business isn’t always feasible. Don’t be discouraged – you’ll simply should back up and think of another concept that’s greater feasible in Thailand.

Discover a legal advisor

When you locate that the planned business is possible after getting to know the market in Thailand, it’s time to take the most important step. locate your self a legal advisor. The legal advisor will be capable of provide you with sound recommendation on what to do and let you out in steps like registration and incorporation of the enterprise in Thailand.

When you’re going over your choices for a legal advisor, ensure to have a look at the credentials of that lawyer. make sure he or she has adequate knowledge, and plenty of information inside the issue matter. most significantly, however, the legal advisor have to be fluent in both English and Thai. this is to prevent misunderstandings of the regulation which can, regrettably, have severe prison repercussions.

Having a commercial enterprise in Thailand is a superb concept, but most effective in case you do sufficient research and feature a person at your side that allow you to out with your concerns. that’s what a criminal marketing consultant can do for you. if you want any assist or when you have inquiries, don’t hesitate to contact us!

Intellectual property

Intellectual Property Coverage in Thailand

It’s critical to recognise what the coverage of intellectual property is for you’ll know which security you’ll need to join when you’re doing business in Thailand. Now, there are 3 sorts of intellectual properties that you may sign up in Thailand, and these are: marks, patents and copyrights.

TradeMarks

First thing is the mark. Now, the mark is something which you use to differentiate your brand or products from the competitors. for example, attaching a signature to a file means attaching your own unique mark into the file. Now, while you deal with goods or real items, you put your corporation’s mark to it if you want to distinguish it from the opposition’s produce. accordingly, Nike has the swish brand, Pepsi has its crimson and blue circle, so on and so forth.

The Thai Trademark Act, which was handed in 2000, set the following pointers for outlining logos:
it may be a sound, a group of letters or colors, a word, a statement, a letter from the alphabet, a image, a drawing, a graphic design, a name, or shapes which you use to perceive together with your logo.

It should be visible with your brand’s products or services.
It ought to be unique and without problems set apart from other trademarks, and ought to be unique as well.

Patents

Patents cover the technological element of intellectual property. It mainly covers innovations with the aid of a creator and, through availing of protection from the intellectual property law, the inventor offers himself the exclusive right to utilize his creations for some right that it became invented for. If everyone wants to hire the invention, he or she will need to pay to benefit the license to apply such innovations. Having a patent granted can also deliver extra value to a business’ services and products, allowing the corporation or the inventor to construct an great reputation.

Patents can cover the creation of equipment, device, instruments, methods, structures, organizations techniques, chemicals, and formulations which may be utilized in carrying out the patent owner’s trade or company.

Copyrights

Copyrights offer safety to artists, particularly musicians, e-book authors, photo artists and plenty of various folks that engaged in innovative endeavors. similar to patents, having copyrights covered by means of Thai regulation enables the copyright owner to bar or allow using their works with the useful resource of third parties. frequently , the ones activities will need to pay a hard and rapid royalty rate for each use of the copyright specifically even as they may be the use of it to earn money for themselves.

The purpose of copyrights, in a nutshell, is to save you someone from taking unfair benefit of a piece that the writer has expended a whole lot of time and effort to.

If you need a Phuket Lawyer for setting up business, handle property and real estate or even immigration cases, don’t hesitate to contact us! We will be glad to review your case and provide solutions!

Investing Thailand

Why Investing in Thailand is a Good Risk.

Overseas investors placed their money to work foreign places for numerous motives. Diversification, in the end, is the mark of a successful investor. however, one pressing problem is safety for the investor. Is Thailand really a safe and solid country for businessmen to invest in? the answer is: yes, without a doubt!

Ongoing Infrastructure rapid improvement

Thailand’s economic system is one of the most stable within the Asia-Pacific area. it is swiftly growing. In reality, the current government has already started out a prime infrastructure upgrade particularly in the road and rail networks that the country makes use of as a main shape of inter-city transportation. in the next ten years, Thailand will step up its function as the best ASEAN hub with international railways connecting the country to China, Myanmar and Singapore.

This means that investment in Thailand is going to flow in. With an global railway machine in place, this may also open up numerous new opportunities for businessmen who are already running a project in the country as demand will growth for services and products in the hospitality and tourism sectors of the nation.

Treaty Agreements with multiple nations

As we’ve got mentioned in our last article, Thailand has financial agreements with america, Japan and Australia, among others. Nationals of these countries who determine to make investments within the Thai economy get to experience benefits that businessmen from different non-treaty nations don’t have.

For example, American, japanese and Australian enterprises entities are dealt with as Thai nationals as a ways because the law for agencies are involved. They enjoy majority possession in their own organizations, whose board contributors can include of a lesser quantity of Thai nationals than in companies whose countries don’t have financial agreements with Thailand.

Another advantage added about by these agreements is the reduction of tariffs and import duties on specific imports between Thailand and those three international locations. through the end of these agreements, imports between Thailand, and the three signatory nations may be reduced to a bare minimal or can even grow to be duty free.

Government assist for overseas investment

The Thai authorities itself lends its support to overseas investors. In fact, groups whose majority stockholders are foreigners can get incentives like tax breaks and import obligation exemptions from the Board of investment. one of the sectors that offer incentives to overseas businesses is the manufacturing sector, however the variety of sectors wherein foreign buyers can spend money on and experience incentives is a lot. it’d be an awesome idea to test with the Board of investment at the list of particular organizations in which foreigners can enjoy tax incentives and exemptions.

Competitive labor

The great and the cost of workers in Thailand is highly competitive specifically inside the manufacturing sector, which has end up the primary contributor to the local economy. In different words, it’s far less luxurious for foreigners to invest in and maintain a business in Thailand as early as now.

Thailand is swiftly growing, and its economy turning into extra solid every year. mixed with ongoing infrastructure traits and competitive labor, Thailand is one of the first-class locations for foreigners to make an investment in.

If you need a Phuket Lawyer for cases like this or setting up business, handle property and real estate or even immigration cases, don’t hesitate to contact us! We will be glad to review your case and provide solutions!

Starting business

Starting a Business in Thailand? Here’s what the Law Say

Thailand is one of the top locations in Asia to set up a business. it is one of the founding members of the association of South East Asian nations, and is placed strategically within the continent. you may recall it as the gateway to the rest of Asia, from which your business may want to extend to the other countries within asia. similarly, Thailand’s infrastructure is remarkable. It has 7 international airports, fast internet connection, professional educated manpower access, high-tech metropolitan transportation and it is well centrally located with other asean regions .

Thailand is a foreigner-friendly country. Its tourism is most busiest in Asia. however, when it comes to business and investment, the country is quite strict on how foreigners can make or begin a business in its jurisdiction. however, there are incentives to investing in the kingdom as the Board of investment offers exemptions, and even tax breaks for international organizations.

The foreign business Act of 1999

B.E. 2542, or often called the foreign business Act of 1999, is the regulation that governs overseas investment and businesses in Thailand. For purposes of discussion, the term “foreigner”, in the context of the law, refers not only to real persons who do not keep Thai citizenship however also entities that are majority-owned via foreigners in addition to agencies which have been registered out of the country.

The three business Annexes under BE 2542

The foreign enterprise Act divides business niches into three annexes – Annex 1, Annex 2 and Annex 3.

Annex 1 includes niches wherein foreign corporations can’t start a business in. these are niches that deal with local tradition and require an understanding of Thai way of life. The niches consist of herbal medication manufacture, rice farming, real estate development, shery, livestock and the trade of antiques which are sourced in Thailand, amongst others. but, agencies registered in countries that have treaties with Thailand can be exempt from this limitation.

Annex 2 include agencies that issue countrywide protection and security, as well as trade which have cultural and artistic effect to Thailand, and those that may have an effect on the local environment and Thailand’s natural or ecological resources. Any foreign company that needs to interact in alternate in any of these niches might need to secure a allow from the Minister of commerce. In incorporating the entity, 40% of the business’ shareholders should be Thai locals. The Minister of commerce can reduce this to 25% if the company makes an application.

Annex 3 incorporates companies that the Thai government thinks will actually lose to foreign competition. these organizations consist of legal, accounting, architectural and engineering services, in addition to hospitality services, advertising and marketing, farming, and food and drinks. it might take a license from the Director general of the Ministry of commerce to permit a foreign entity to perform in these groups.

With BE 2452, it is clearly easy now for foreigners to begin their own business in Thailand. The law lays out the standards and necessities very clearly for these businessmen. This is yet another purpose why Thailand is one of the best countries in Asia for foreigners to invest in.

If you need a Phuket Lawyer for cases like this or setting up business, handle property and real estate or even immigration cases, don’t hesitate to contact us! We will be glad to review your case and provide solutions!

Intellectual property

Thailand IP Law Facts

Intellectual property laws are very crucial for businessmen. if you are looking to create an organization within the kingdom of Thailand, then it pays to read about Thailand’s intellectual property laws and guidelines. It’s a very complicated topic, however, and may span several articles. For starters, however, allow us to provide some brief and fundamental facts about Thailand’s IP laws.

File for Protection as early as possible

this is true for trademarks. Thailand’s system gives extra importance to early submission of trademarks. this is to help avoid hijacking of marks particularly if you’ve already created that mark in your home country and is simply seeking to move to Thailand. before you even infuse capital into a local Thai unit of your company, make sure to have the following trademarks registered first so that you can benefit protection of the law.

IP protection is valid for a long time

Trademark protection in Thailand expires most effective after 10 years, which is a very long time indeed. You get to move approximately your company without having to fear about your trademark’s safety. when the protection does expire, you may renew it again for every other 10 years, so on and so forth. but, in order for the protection to stay legitimate, your company should actively use it to your merchandise or branding activities due to the fact a dormancy of a minimum of three consecutive years will result to untimely expiration.

There are Three classified Patents

There may be the usual patent that gives 20 years of protection to a totally innovative invention. second, Thai law additionally offers protection to designs with patents which can be valid for 10 years. ultimately, there’s the “petty patent” for minor innovations, and it offers 6 years of protection to the invention.

Thailand’s IP laws offer Exemptions for certain Patent matter

There are innovations and breakthroughs that cannot be patented in Thailand. these subject matters include animal and plant extracts, computer applications, and processes used in medication and commercial enterprise. those are intended to be shared freely to the general public because of the nature of their use.

Copyright protection is for a lifetime in Thailand

Much like the rest of the world, copyright protection is in place so long as the author of the work remains alive. within the occasion that the creator passes away, his or her property can still claim copyright protection over the copyrighted work for fifty extra years.

Thailand calls for Patent application for Holders of international Patents

Keeping an international patent does no longer automatically entail patent protection under Thai laws. One has to rather apply for individual patents in Thailand so that you can guard the subject matter covered by using the international patents. Holders can, but, avail of priority applications to expedite the procedure in the country.
this is for now. these are five brief information about how intellectual property laws and policies work in Thailand. hopefully, those 5 brief information have given you a basic idea of the way Thailand views intellectual belongings and what rights you may have as a author, inventor or designer.

If you need a Phuket Lawyer for cases like this or setting up business, handle property and real estate or even immigration cases, don’t hesitate to contact us! We will be glad to review your case and provide solutions!

Condo rental

Is Making Money from my Condo Allowed?

The condominium is one of the best investment for any foreigner in Thailand. It’s the best the form of real estate that expats and foreign retirees can put their investment into, as according to the laws of Thailand. The 1979 condo Act of Thailand lays out the rules for foreign ownership of condo units in the country.

just in case that you do not consider, click here to refresh your information on what the law says approximately overseas condo ownership.

Condominiums can have outstanding Returns for You

As with every investment, your purchase of a condo unit can and need to give you excellent returns. it is able to feature more than just a place for you and your own family to stay in. let’s take, as an instance, which you’re a businessman who has to often go to Thailand each year on official matters. You stay 30 days at a time, and then you move back to your home country to manage your business there. What takes place when you are long gone and there’s no one living within the unit?

Some people absolutely buy their condominium units as a preparation for their eventual move to Thailand in the future. even though it is still years away, some people do purchase condos already in advance. They then just make use of the condo as a method to make some money to at least recoup some of their investment in the unit.

You, too, can try this. if you have purchased a apartment unit which you depart within the care of a neighborhood Thai that has your self assurance, you ought to begin thinking about the way you, and probable your caretaker, could make cash out of that. the answer: sublease the condo unit.

Because Thailand is such a lovely location, you may find your friends trying to go over to the country however they don’t have a place to stay. temporarily renting out your condominium unit to them is a good idea – you can work on cheap costs so that they’d want to pick staying at your condominium as opposed to going to a luxurious hotel and spend a whole lot of cash on astronomical accommodation prices. it’s far perfectly legal, because you are the proprietor of the condominium unit.

In the event that you are engaged in a long-term lease on the condo unit, but you aren’t staying there completely for now, you can negotiate a clause within the contract to allow for subleasing. that is the most effective way that you could legally rent out the condominium to your friends who are coming over to Thailand for a vacation. it would take a few negotiating and perhaps a few additional terms to your agreement, however it would absolutely be well worth the attempt for your part.

Real estate is certainly a tremendous investment everybody can make. With a condominium unit in Thailand, you’re establishing lots of doors of opportunities for yourself. It’s extra than just an area to call home in Thailand – it may also be a method to earn residual income.

If you need a Phuket Lawyer for cases like this or setting up business, handle property and real estate or even immigration cases, don’t hesitate to contact us! We will be glad to review your case and provide solutions!

Investing Phuket

Why Investing in Phuket is Good

Phuket Island is undeniably one of the world’s famous destination for travelers and expatriates alike who long for retirement or a quick vacation in Thailand. within the fourth area of 2012 on my own, the real estate market in Phuket Island had the sale of a total of 2,789 units to foreign buyersit has been discovered to be gradually moving up for in years on years, making the island an addition to the list of prime alternatives for the overseas investor.

However what does is it that makes overseas investors come flocking over to this extraordinary island in Thailand? well, there are three reasons behind for it – the lovely beachesthe numerous activities you can enjoy while staying in Phuket, and the distinctly inexpensive price of living inside the island.

How costly is it staying in Phuket?

Common price range of living in Phuket is quite low cost, as we’ve noted in advance. A  single meal in an cheaper restaurant for one individual costs less than of THB100 which costs only roughly$2.  A person can fulfill his hunger on a budget not less than $10 for a day! Adding in fuel prices are also low here, with an average price of $1 a liter. Although transportation can be a bit of an expense, there are cheaper option wherein you can rent a motorbike or car instead of paying for one way trips.

A place for relaxation and fun activities.

Phuket is a traveler’s hub, first and foremostit’s far best proper and even expected that there can be a number of activities for everyone who comes to the island. they are too numerous to be mentioned on this blog, so let’s just summarize the activitiesthere is a extensive variety of activities inside the island. you may cross on eco- tours and revel in nature on this side of the tropics. tourists can visit the beaches and interact in various water-based sports activities like sea kayaking, parasailing surfing and others, or you could take a cruise onboard a luxury yacht. Unique attractions in are also in Phuket such as the Baan Teelanka or the “upside down house.” or even you can go on a temple hopping tour around the island.

If you may not like doing some tours and island hopping, Phuket is where you could discover many white sand beaches! The island has an area of only 540-square kilometers, so residents and expats don’t need to drive very far to be able to enjoy sandy beaches and some sun. The weather inside the island is likewise favorable, with rains anticipated only at some point of may until October – those months mark the monsoon rain season for the island. In all different months, people can expect by and large sunny days which are perfect for heading over to the beach.

If you may want to live in Phuket, foreign expats are allowing themselves the chance to enjoy all that the island has to offer since it just outside their doorstep. Contact our business lawyer now and find out what it takes to invest on a property and business in Phuket Island. that is possibly the best investment any expat can make within the country of Thailand.

If you need a Phuket Lawyer for cases like this or setting up business, handle property and real estate or even immigration cases, don’t hesitate to contact us! We will be glad to review your case and provide solutions!

Vat Thailand

Value Added Tax (VAT) in Thailand

Value Added Tax or VAT is an evaluation tax which applies to all wholesalers, manufacturers, producers, importers, shops and other entities offering direct services until exempted underneath the revenue Code. All corporations not included by the revenue Code exemption need to sign up and adopt the VAT system.

Following are distinctive as exempted from VAT.

  • Corporations with turnover not in excess of 1.8 million Baht in a year
  • The sale and import of raw agricultural products and related items
  • The sale and import of newspapers, magazines and textbooks
  • Health and academic services, domestic transport
  • Leasing of immovable property
  • Items exempt from import duty and destined for export-processing zones are covered in this category, along side research and technical services, labor contracts, auditing and legal services.

VAT standard rate and payment schedule

The present day VAT rate is 7%. VAT is payable on the 15th of the month following the month in which VAT is accrued. VAT will become payable on the 7th of the month following the month of the fee if self-assessment of VAT output is needed at the price of certain income to non-citizens.

Agencies that qualify for VAT exemptions ought to still pay VAT on products and services it purchases but isn’t entitled to a VAT refund. Such corporations are not required to gather VAT on its income or document month-to-month VAT forms. If the exempt organisation opts to do so voluntarily, it’ll be entitled to a VAT refund if registered for VAT functions.

Real estate Taxes

Residence and land tax and local development tax are levied via the municipalities on Thai properties. it’s far imposed annually at the proprietors of a residence, a building structure or land that is rented or used commercially. real estate tax fee is 12.5% of the actual or assessed annual property value of the assets. The local development tax is likewise an annual tax paid through the owner of the land or the individual in ownership of the land. The local development tax charge will depend upon the appraised cost of the property in line with the assessment of local government. The price ranges from 0.25% to 0.95%.

Taxes Imposed on Thai belongings

The following tax requirements should be considered when buying belongings in Thailand:

VAT of 7 percent paid each month
Land and residence Tax of 12.5% of the rental value of the property to be paid every year
Withholding Tax of 15% applicable to rents paid to nonresident individuals and foreign agencies without active commercial enterprise operations in Thailand
The need for Tax planning

The advantage of tax planning is that everybody gets to arrange their financial affairs so they may be aware about precisely how much they need to pay in taxes for properties they acquire, according to the provisions of the law.

An overseas investor who is making plans to buy a villa in a premiere development held in a Thai organization need to cautiously remember the tax consequences or tax exposures of the purchase. The same applies to property deals that require the proprietor to take a shareholding in a organization.

Company registration

Advantages and How To Setup Limited Company in Thailand

Thailand, like any other countries within the Southeast Asian region, encourages overseas investors to their country to enhance their economic activities. And unlike other countries within the area, Thailand happens to have the proper circumstances, conditions and enticements to lure foreign investment into the country. And for you to facilitate the influx of foreign companies to Thailand, several systems were set up from which foreign investors can pick after they want to set up a corporation inside the country.

Private limited company

One of the most often used legal entities in Thailand is the private limited company, which has the same features and functions as the limited liability company (LLC) in the country. In Thailand, a private limited company is used as a way to operate enterprise in accordance with the business and investment laws of Thailand. it’s far required that 51% of a organisation’s stocks have to be held through Thai nationals. The last 49% can be held by using anyone which include foreign investors.

Advantages of private limited corporation

The biggest benefit of establishing  a private limited company is the fact that legally, it is a stand-alone company under Thai law. And for foreign investors who need to govern the ownership of the corporation, the 49% limit can be exceeded or exempted, if the corporation is granted a foreign business License, which means the business have to be particular and need to not compete with neighborhood Thai businesses.

Setting Up

To set this type of business structure, at least three individual promoters (shareholders) is required, and at least one director is elected to manage the business or the organization. The business registration process includes:

• Reservation of name. this is done via filing a signed name Reservation form to the department of business development of the Ministry of commerce (MOC). The form need to include the preferred names along with the alternative names which may be taken into consideration if the primary names have already been used by different entities.

• Submit Memorandum of association or MOA. This should include the name of the company, the province where the company will function, scope of organization’s business, capital (including the number of shares and their par value) to be registered, and the names of all of the promoters.

• Calling of Statutory meeting. once the share structure is decided, a statutory meeting is called to facilitate:

• Adoption of Articles of association (by-laws). A Thai lawyer can help out in preparing the Articles of association.

• Ratification of any contract entered into which include expenses incurred with the aid of the promoters in promoting the organization

• Fixing the amount of remuneration, to be paid to the promoters

• Fixing the number of preferred stocks to be issued and the nature and volume of the preferential rights accruing to them

• Fixing the number of ordinary shares or preferred shares to be allotted as fully or partly paid-up

• Appointment of the initial directors and auditors and determining the respective powers of the directors

• Registration of company. inside three months from the date of the statutory meeting, the directors should publish the application to check in the company. Failure to register inside the specified period, the company statutory meeting shall be nullified and void. when this takes place, a meeting for persons who reserve will be arranged so they can buy the stocks again.

• Tax documents Registration. businesses that are liable for income tax need to register and obtain a tax identification card and number from the revenue department within 2 months of the incorporation date or at the start of the operations.