CNX Legal Services

Thai Company Formation

Reserve a company name
Managing Directorship set up
File a Memorandum of Association (MOA)
Company Establishment Registration (included changing director to be a foreigner)
Company Capital 2,000,000 baht* (two million baht)
Apply for Juristic Person taxpayer on behalf of the Company
Apply for VAT (value add tax) on behalf of the Company
Shareholding Agreement
Share Certificates
Shareholder Agreement / Shareholder Transfer Agreement
Preference Shares Registration
Prepare documents to open bank account under the name of the Company
Translation of the Company Affidavit from Thai to English

*By the Thai Law a foreigner who would like to operate a business in Thailand has to have at least 2,000,000 baht of Company Capital then the foreigner to be eligible to apply for a visa and work permit (2 million baht capital for each foreigner employee).

Thailand Title Deeds

Sor Kor 1 Sor Kor 1 is a certified document of land possession as evidence to prove how much land he/she has the right to occupy. A person who occupies the land shall have prior right over the one who has the certified document because the main concern of this document is occupancy. The Sor Kor1 can be sold and transferred by delivering the right of possession without registration. Nor.Sor 3 Nor Sor 3 is a title deed that indicates a person’s right over a certain plot of land and it is confirmed with neighboring plots. The Nor Sor 3 is recognized in Thai Property Law and the land owner has the legal right to take possession of the land. The land can be sold or transferred and can be mortgaged with the Land Department. Nor.Sor 3 Khor This type of land has the same legal basis as Nor.Sor3 however, the Nor.Sor 3 Khor includes a survey of neighboring land (the land area parcel points are set by using an aerial survey). Nor.Sor 3 Khor Nor Sor Si Jor (N.S.J.4) Title Deed This Title Deed has known as the Chanote, it is a certificate of true ownership of the land. This title deed type confers the strongest property right of the land. As well, the Chanote indicates ownership clearly , registrated rights, mortgages or rental agreements, land’s details, location, dimensions and obligations.

Land Measurements in Thailand

1 Wah = 2 meters 1 square Wah = 4 square meters 100 square Wah = 400 square meters = 1 Ngan 4 Ngan = 1 Rai = 1,600 square meters

Conversion factors between Thai measurements, meters and acres are:

1 acre = 4840 square yards 1 acre = 4,046.8561 square meters 1 acre = 2.529285 Rai (approximately) hectare = 10,000 square meters = 2.471 acres = 6.25 Rai (approximately) 1 Rai = 0.395 acre

Prenuptial Agreement

A Prenuptial Agreement is an agreement that a couple makes before performing their marriage registration. The agreement shall list all assets and debts and establish ownership in order to arrange the property division if the couple divorce. This agreement shall be made before the couple get married and annexed to the marriage registration as under section 1466 of the Civil and Commercial Code “The ante-nuptial agreement is void if not entered in the Marriage Register at the time of marriage registration terms of the ante-nuptial; or if not made in writing and signed both spouses and by at least two witnesses and entered in the Marriage Register at the time of marriage registration stating that the ante-nuptial is thereto annexed.”

Adoption of Children in Thailand

In order to adopt children in Thailand you must submit application forms to the Child Adoption Center of the Department of Social Development and Welfare (DSDW). Under Adoption Act 1979, a prospective adoptive person must fulfill basic criteria as follows;

Be able to legally adopt a child in his/her home country.
Being at least 15 years older than the child.
Proving a special need for children
Being of good characters (no criminal record)
Good physical and emotional health
Be financially secure Certification of assets Other documents maybe required

Thai Visa & Immigration

Retirement Visa :

Eligible applicant

To be aged 50 years or over
Not be prohibited under the Thai Immigration Act BE. 2552 (1979)
To have an income not less than 65,000 baht per month; or to have funds deposited in a Thai Bank of not less than 800,000 baht for the past 3 months or a combination of both.
Not have a medical condition of any contagious disease.

Family Visa :

Eligible applicant

To have proof of relationship
To have financial evidence
To have evidence of Thai citizen residency

Business Visa :

Eligible applicant

Must earn an income according to Nationality as follows; 1.1 Europe (except Russia) and Australia, Canada, Japan, and USA (50,000 baht per month) 1.2 South Korea, Singapore, Taiwan, and Hong Kong (45,000 baht per month) 1.3 Countries in Asia (except Japan, South Korea, Singapore, Singapore, Taiwan, Hong Kong, Cambodia, Myanmar,Laos and Vietnam) and South America, countries in Eastern Europe, Countries in Central America, Mexico,Russia and South Africa (35,000 baht per month) 1.4 Countries in Africa (except South Africa), Cambodia,Myanmar, Laos and Vietnam (25,000 baht per month)
A Company must have evidence of company registration within 6 months, certified shareholders list, balance sheet and financial statement, tax payment and social security payment.

Coming soon…

Accounting Services (After forming Company Registration)

Monthly preparing and submitting;

Withholding personal income TAX (PND.1)
Withholding corporate income TAX (PND.3, PND.53)
Value add (PP.30)
Social Security fund payment

Annually preparing and submitting;

To fill half-year corporate earnings assessment
Half year corporate income TAX (PND.51)
End year corporate income (PND.50)
Annual corporate income tax return or corporate income tax
Preparation of yearly Audit Financial Statement with certified and audited by Certified Public

Accountant (CPA, Thailand) *Meeting, declaration and negotiation with Government sectors. *Professional fee depends on business transaction.

Coming soon…

Private investigation
Notary Public Driver License
Interpreter or Translator
Set up a private Foundation
Transfer car / renew tax registration label
Apply for licenses (e-commerce, restaurant etc.)
Open bank account
Certified documents
Shipping / Logistic
Etc.