Establishing a business in a foreign country can often be a challenge. If you are looking for assistance when you want to register your company with the Board of Investment in Thailand, for example, then you must think about talking to a specialist law firm in the country. Indeed, you may be faced with a number of challenges whenever you want to register a company, especially in a foreign country. If you are looking to set up a business in Thailand or if you want to register your organisation with the Board of Investment, you should remember these top tips to assist you throughout the process as well as get legal help from a specialist law firm.
Identify A Type Of Business Organisation
One of the most important challenges that must be overcome is to identify a business organisation type that would be appropriate for your company. You may be faced with several challenges when setting up a company, especially determining which particular type of business organisation would be right for your business model.
You could choose to create a private limited company which will require you to have a minimum of three promoters. You must file a Memorandum of Association in the country and convene a statutory meeting. You must also register with the tax authorities, so you conform to the legislation that is in operation in Thailand. If you are looking for assistance with any of the challenges you may face when registering a company, you must think about contacting a law firm for BOI application Thailand or to help you with any appropriate license or permit.
Register With The Tax Authorities
You must also provide a considerable amount of documentation to the authorities, so that you can register your business in Thailand, especially in relation to paying income tax every year. Another challenge that you may face, especially if you want to employ foreign workers, is how to apply for a work permit in the country. If you are looking for assistance whenever you want to register a company with the Board of Investment in Thailand, you must think about seeking legal advice from a specialist law firm in the country.
Protect Your Intellectual Property
Finally, another challenge that you may be faced with when you register a company in a foreign country is how to protect your intellectual property. Indeed, registering a company with the Board of Investment in Thailand can give you protection under Thai law, especially in relation to industrial licensing, trademarks and patents. This is essential if your business has intellectual property that is unique to your organisation and you want protection under Thai law. For more information about law firms that can help you when you want to register a business, you must check a search engine so you can find a company that has assistance in this aspect of Thai law.
To conclude, if you want to do business in Thailand, then you must think about registering your company with the Board of Investment while talking to a specialist law firm in Thailand is essential if you want to understand the challenges that you may face, as well as how to overcome them in the future.