What are the benefits of Thai company registration?

  songsamorn yannasitti    March 26, 2013    1241

 

In modern society not everyone can run a business. They may not have the business knowledge or mindset to make it work or they may be constrained by the requirements such as legally, financially and personally.  There are however many benefits to owning your own company and more and more people are looking from the West to the East to do this and this is why there has been a huge increase in Thai company registration in recent years.

It is not heard to see why when you look at what Thailand has to offer.  A GDP that is increasing more than its rivals and a population that is eager for new skills and technologies.  It is no surprise then that the majority of Thai company registration are for businesses that deal with teaching English.  And whilst, unlike in countries such as South Korea where the level and uptake of English is massive, Thailand does recognise the need for the language, after all, English is the language of business for the majority of business owners around the world.

Thai company registration for teaching English can be an exceedingly profitable venture but it can also be very costly.  There are obvious cost cutting measures that can be done by hiring foreign staff who may not be fully teacher trained or to offer training on the job or to employ them as subcontractors only, all of these are ways to ensure that your business survives in Thailand after the company registration process has been completed.

But it is not as easy as that when it comes to Thai company registration as shareholders of the business play an important part too.  Unlike Western business, Thai company registration stipulates that even though your business is either foreign ran or foreign owned, the majority of shareholders need to be Thai. 

This is so that the business can prove it provides a benefit to society as well as showing that it is able to give jobs to Thai people and train them in skills and techniques that would otherwise not be available to them.  This is why the majority of foreign owned business in Thailand are specialists in either languages or technology.  Two key areas that are always welcome for improvement when it comes to providing business and opportunities to Thailand and its people.  If you perform Thai company registration in a field or marketplace that is already saturated then chances are the requirements to be successful will be higher so that your business can prove it really has what it is needed to maintain survival.

It also means that you need to be able to know enough Thai people on your staff to be the shareholders and they must have the majority vote also.  After all, Thai company registration is to protect both Thai people and foreigners when it comes to providing and doing trade in this country and so, as always, following and adhering to the requirements of Thai company registration will be a surefire way of having success when it comes to having a business in Thailand.


 Article keywords:
company registration thailand, thailand company registration, company registration in thailand

 


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