Setting up a representative office in Thailand is one of company type in Thailand. It is a non-trading entity, which means it can’t earn any income, and is supported by the head office in another country.
Following are characteristics of a representative office in Thailand:
Ø The operating expense is paid by the head office;
Ø Doesn’t earn income from its service;
Ø Can’t receive purchase order or make sales;
Ø Isn’t required to pay corporate income tax.
To register a representative office in Thailand, you will need:
Ø An application form;
Ø Copy of the company affidavit;
Ø Copy of a passport of the representative and a non-immigrant visa or an entry visa stamp;
Ø Power of Attorney of the representative of the office
All documents should be notarized and certified by Thai embassy.
In addition, there are some business activities that a representative isn’t allowed to conduct, such as:
Ø Making purchase or relevant activity on behalf of the head office or its affiliated companies;
Ø Accepting purchase orders on behalf of the head office or its affiliated companies;
Ø Checking and controlling the quality and quantity of goods for companies that are not the head office or its affiliated companies;
Ø Providing advice on goods that are not produced or sold by the head office or its affiliated companies;
Ø Giving advice on products that are produced by unaffiliated companies;
Ø Producing business reports to unaffiliated companies;
Ø Providing after-sale service about installation and maintenance.
There are some advantages of setting up a representative office in Thailand, such as:
Ø It can be 100% owned by foreigners;
Ø No need to pay incorporate income tax;
Ø No need to pay government fee for incorporation;
Ø Is not subject to work permit that the employer has to hire four Thai employees for each foreign employee.
The benefits of setting up a representative office in Thailand are really attractive. Please do not hesitate to contact us if you have any questions about setting up one in Thailand.
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