Setting up a company in Thailand

JUDr. Roman Fogta, attorney at law and iura Slovakia bring you the opportunity to professionally and legally (in cooperation with www.iuraphuket.com) to start a business in the Kingdom of Thailand. They are also the only ones who provide Slovak and Czech clients with advisory and legal services directly in Phuket, where JUDr. Fogta operates.

Doing business in Thailand is completely different than what you are used to.

First and foremost, your company (with few exceptions) will never be 100 % "yours". Don't rely on advice in the forums about how to "get away with it". These are short term and often illegal solutions that will catch up with you later.

Unlike Slovakia, you need a visa, work permit, Thai partners and employees.

We have been doing all this for clients all over the world for the past five years.

Don't look for binding and legal information on Facebook, Instagram or Google.

In 2024, over 400 inspections of foreign companies took place in Phuket alone, and dozens of people were deported for doing illegal business.

As of October 2024, more than 20 persons had been finally convicted and sentenced to prison terms in a similar case.

Therefore, if you want to do business in Thailand, follow the local law.

...and contact us. Not Google, Facebook forums or friends who live there.

First steps to start a business in Thailand:

Basic information about the process of incorporating a company in Thailand:

checking the business name - whether it is available and whether it is not in conflict with the law and the focus of your company
the real registered office of the company, as nowadays "shell companies" are no longer applicable and are closely monitored
depending on the focus of your business and the internal conditions of the company - 2 to 4 Thai partners
appointment of a Thai managing director
articles of association, articles of association, shareholders' agreement on the exercise of voting rights, proxies
establishment of the company and registration in the commercial register
see
work permit
a licence for a specific type of business

..and that's just for starters...

One more time regarding the collection of information on FB and Google

If you want to build a house that will last for years and you shouldn't be afraid to live in it, it must have a solid foundation. Savings can be made later.

There are two ways to set up a company, not only in Thailand, but anywhere:

based on advice from friends, "online experts" and using patterns found on the internet, or
the right way - through a lawyer

We do not encounter that someone is able to set up a company in Thailand and start a business in Thailand on their own, without the help of a local lawyer.

On the contrary, we personally know several people who have somehow "saved" their business in order to save money and are no longer in Thailand.

Here are just a few examples from the last few months of how those who thought they didn't need to do business legally, didn't need a visa or work permit, have fared:

Intervention by the Immigration Department

Fictitious companies without a legal structure

Tourist guides arrested without work permit

Russian citizen illegally renting motorcycles

This is a selection of news for a short period....

So how is it possible to do business in Thailand?

Of course, we also have the right for you good news...

It is possible to do business in Thailand in the long term, profitably and in accordance with the law. The Thai way.

However, you need to have the right corporate structure in place from the very beginning, the right number of Thai employees, the necessary licenses, and a reliable accountant and lawyer.

And with iura Phuket we can help you professionally with all this.

Final Tip:

When set up correctly, tax optimization of your business can be dealt with much more easily than in Europe, giving you the opportunity to optimize your income and expenses. Even when doing business in Slovakia and Thailand at the same time, as both countries have a double taxation treaty between them.

Contact

Start a business in Thailand? Contact us.

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