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Friday, August 19, 2022

How to Establish a Branch Office in Thailand

Establishing a branch office in Thailand can be more complex, costly, and timely when compared to incorporating a private limited company. However, the advantage of a branch office is that it can be 100 percent foreign-owned.

Foreign businesses seeking to set up a branch office must also obtain a Foreign Business License and adhere to the regulations under the Foreign Business Act. The Act draws a clear line on what activities are regulated and restricted to foreign companies. While some sectors are totally prohibited to foreign entities, others are open through the explicit permission of a designated government agency.

Establishing a branch office in Thailand is often considered more complex, costly, and timely compared to setting up a private limited company, but since the branch office is considered an extension of its foreign head office, it can therefore be 100 percent…

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See also  Transformative Post-COVID-19 Trends and Growth Opportunities in ASEAN, 2020 Report - Focus on Singapore, Malaysia, Indonesia & Thailand - ResearchAndMarkets.com

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