8 Reasons to Set Up an IT Offshore Company In Thailand
If you are planning to set up an IT offshore company in Thailand, Bangkok is undoubtedly one of the finest choices. Availability of fully-furnished office spaces plus high-end machines at affordable prices makes this city the ultimate choice for many. Apart from minimizing taxes and increasing confidentiality, availability of labors at a low cost is quite an attractive bonus for the potential business owners.
Let’s have a look at the benefits an offshore company in Thailand will receive upon investing;
- Reduced Administration
You will be glad to know that legal obligations of the directors or officers of any offshore company are quite less. Moreover, the need for accounting and other various corporate works can be overcome with effective virtual services.
- Protection of Asset
An offshore company can hold assets like intellectual property and different types of real estate investments.
- Reduce Taxes
Setting up an IT offshore company in Thailand can reduce the tax obligations of the business, especially when you have a BOI promoted company.
- Confidentiality
Most non-resident companies do not need to publish any financial information of the directors and shareholders.
- Low Maintenance and Set-Up Cost
The process of forming a company in Thailand is relatively fast and simple. Moreover, the maintenance cost is quite low compared to other countries.
- Lower Requirement of Capital
Setting up an offshore company in Thailand requires minimal capital investment. In fact, the amount is quite lesser than what you need to register an onshore company.
- Funding isn’t an Issue
With more number of companies coming out in support of start-ups and foreign investments in Thailand, funding isn’t that difficult. There are some top-notch companies who are willing to fund foreign companies for the better good of Thailand.
- Availability of Resources
Everything that you require for running an IT company successfully Thailand has them in abundance. From the latest technology to state-of-the-art infrastructure you will get them all.
And if you are an American you are likely to enjoy more benefits. Contact us to know if you are eligible to open an IT company in Thailand. Also, we will assist you in giving end-to-end legal solution for company formation.
