If you are planning to have your presence in Thailand with minimum investment and liability, Open a Branch Office in Thailand as the best solution.
Allowed to conduct a wide range of activity, like buy and sell goods, render services, sign contracts and build things.
It can;
(a) Do everything that a representative office does.
(b) Regularly buy and sell goods and services
(c) Get involved in manufacturing, processing and construction like any other local company, provided Thai laws doesn’t prohibit it doing.
Allowed to contact customers/clients and enter into contracts on behalf of the head office, but can’t make sales.
It can;
(a) Contact customers to introduce its head office to them
(b) Research commercial information and provide the information to the head office
(c) Do market research.
(d) Market goods at trade fairs
(e) Rent an office and employ staff
(f) Enter into contracts with local clients/customers on behalf of the head office
A Regional Office in Thailand can conduct the following activities:
a) Communicate, coordinate and direct, on behalf of the head office
b) The operation of branches and affiliates which are located in the region
c) Provide services in consulting and management
d) Training and personnel development
e) Financial management
f) Marketing control and sales promotion planning
g) Product development
h) Services in research and development
Yes it is because it needs to be verified whether your business falls within the scope of Thai regulations and laws.
A branch office is established to generate profit for the parent company.
It is always more preferable to hire a professional who has an in-depth understanding of the Thai laws. Legal things are quite complex, especially when you are in a foreign land, so better leave it upon the legal experts.
Yes, because a branch office generates income for the foreign company, so as soon as the branch office is registered you must register for VAT and a Commercial Certificate.
Usually, a branch office is permitted to operate for 5 years that can be extended, provided the required minimum capital is met.
As a branch office is considered to be a permanent establishment of the foreign corporation, it is crucial to have a resident representative to handle the tax authorities and who else can be better than a legal expert.
The professional fee is approximately 180,000 baht.
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