Frequently Asked Question
01. Can a foreigner own a company in Thailand?
Yes. Foreigners can own up to 49 percent of a Thai company or up to 100 percent through BOI promotion or a Foreign Business License (FBL).
02. How long does it take to register a company in Thailand?
Usually 3 to 5 working days if documents are complete.
03. Do I need a Thai partner to register a company?
Not necessarily. A Thai shareholder is required under standard rules, but BOI or FBL may allow full foreign ownership.
04. Can I set up a company without being in Thailand?
Yes. You can appoint someone via power of attorney.
05. What documents do I need for company registration?
Your passport or Thai ID, company address proof, and basic business information. Fig Tree prepares the full set for you.
06. When do I need to register for VAT?
When your revenue reaches 1.8 million THB or earlier if your business category requires it.
07. What taxes must new companies file monthly?
Withholding tax, VAT (if registered), and social security contributions.
08. Do I need a full-time accountant?
No. Outsourcing is more efficient and cost-effective for SMEs and foreign companies.
09. How long does it take to get a work permit?
Typically 3 to 6 weeks depending on visa type and company readiness.
10. Can I work in Thailand without a work permit?
No. Working without a permit is illegal even if you have the correct visa.
11. Does Fig Tree assist with both visa and work permit?
Yes. We support visa applications, renewals, extensions, and full work permit processing.
12. What are the benefits of BOI promotion?
Tax incentives, 100 percent foreign ownership, work permit facilitation, and duty exemptions.
13. How long does the BOI application process take?
Approximately 4 to 6 months, depending on project readiness and BOI review.
14. Does Fig Tree support post-BOI compliance?
Yes. We assist with progress reports, change requests, and ongoing regulatory duties.
15. What licenses might my business need in Thailand?
Standard licenses include FDA, food license, e-commerce, alcohol, hotel, import/export, and recruitment.
16. How long does it take to obtain a business license?
Between 1 to 3 months, depending on the license type and inspection needs.
17. Can individuals file for a trademark in Thailand?
Yes. Both individuals and companies can file for trademark protection.
18. How long does trademark registration take?
Normally, 12 to 18 months, including examination and publication.
19. What can be protected under trademark law?
Brand names, logos, slogans, product packaging, and distinctive marks.
20. Does Fig Tree provide accounting and tax services?
Yes. We provide complete monthly accounting, tax filings, financial statements, and audit coordination.
21. What is included in payroll service?
Salary calculation, tax filings, social security submissions, payslips, and year-end summaries.
22. Can Fig Tree help with market research?
Yes. We conduct customized market research, competitor analysis, pricing studies, and feasibility assessments.
23. What is business matching?
A service that connects you with suitable partners, distributors, or suppliers in Thailand.
24. Does Fig Tree assist with business expansion in Thailand?
Yes. We support corporate structure planning, licensing, and operational advisory.
25. What is the minimum capital required to start a company?
There is no legal minimum, but practical capital is needed for visas, work permits, and specific licenses.
26. Does every company need an annual audit?
Yes. All companies in Thailand must prepare audited financial statements each year.
27. Can Fig Tree contact Revenue Department or BOI for me?
Yes. With proper authorization, we handle your communication and submissions.
28. Can foreigners open a bank account for their company?
Yes, but some banks require the director or authorized person to be present.
29. Does Fig Tree provide financial planning and cost control?
Yes. We support budgeting, financial reporting, and the development of improvement recommendations.
30. How do I start working with Fig Tree?
Simply contact us. We will review your needs and provide a tailored service plan and quotation.
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