How to Open a Representative Office in Thailand

Foreign investors who wish to open a 100% foreign-owned business in the Kingdom of Thailand have the option to register a representative office in Thailand.  This is akin to establishing a non-trading legal vehicle with reference to a company’s main office located outside Thailand.

What is a Representative Office?

A representative office is a non-profit establishment as opposed to a commercial establishment.  As a non-trading legal vehicle, a Representative Office is tasked to support the undertakings of the main company and its subsidiaries overseas, or in this case, in Thailand.  In essence, a Representative Office cannot:

  • Issue receipts or invoices for services to third parties and sale of goods
  • Enter into a legal agreement with any third party

As a foreign business non-trading branch, a Representative Office is limited to the following services:

  • Controlling and inspecting quality of goods purchased in Thailand by the main headquarters overseas
  • Sourcing of services and goods in Thailand for the main headquarters.
  • Circulating information about the main office’s new services and products.
  • Gathering information and reporting on activities and development of local businesses
  • Providing advice relating to products sold to customers and distributors.

The permitted scope of activities of a Representative Office is quite restricted.  Aside from being constrained to take in purchase orders and sell, a Representative Office cannot enter into any kind of business negotiation with any juristic person or third person.  The restrictions are income-draining on the part of the main headquarters, as all expenditures of the Representative Office are shouldered by the main headquarters. This office is not subjected to pay corporate income tax based on the provisions of the revenue code. However, the interest of the remitted funds to the main office is taxed.  Lastly, the Office must prepare a financial statement from the Accounting Act.

Applying for a Representative Office

A foreign applicant opting to put up a Representative Office in Thailand is required to apply for a Foreign Business license.  The application process requires that all documents to be submitted must be duly notarized at the Notary Public prior to submission to the Commercial Registrar.  The requirements are:

  • An affidavit that includes the name of the company, address, business registration number, date of registration, registered jurisdiction of the company.
  • A complete list of the company’s directors, complete with their legal names, ages, nationalities, races, addresses, and their number of shares. Indication as to which directors have the influence to bind the company.
  • Authenticated copy of the company’s Articles of Incorporation
  • Authenticated copy of the company’s Articles of Association
  • Company report on its working capital, number of shares and its value, amount of paid up capital stock.
  • Complete list of the company’s shareholders and their number of shares
  • Documents that support the limitation or the extent of the Representative Office manager’s power of attorney in running the business

Additional duly notarized documents are required for the complete and quick processing of the application for a Representative Office.

  • Description of the company’s vision/mission in Thailand
  • Validation of the necessity of putting up the Representative Office in Thailand
  • Projection of the Representative Office’s impact on Thai society and economy
  • The company’s financial report in the last three years, translated to Thai
  • Complete list of employees, including their salaries
  • Three-year projected expenses of the Representative Office
  • Complete list of the office equipment and machinery.

The main headquarters must be committed to transfer a minimum of 5,000,000 Baht working capital into its Thailand Representative Office.  During the first year of operation, a minimum of 2,000,000 Baht must be remitted.  From then on, a minimum of 1,000,000 Baht is to be transferred to the Office in Thailand.

Particular types of Representative Office such as international business offices, foreign bank offices, security, finance, and credit finance officers, are required to obtain additional licenses or permits.

All applicants are required to fill the application form in print. It must be duly signed by the applicant or his designated appointee. If the power of attorney was executed outside Thailand, said power of attorney must be notarized in the said country, or by a legitimate official of the Royal Thai Embassy or Consulate in the said country. If the power of attorney was executed in Thailand, the non-resident applicant appointee must procure an authenticated photocopy of his passport, or temporary residence certificate.  If signatures were procured in another country, certification of such signatures must be provided.  If documentation is in a foreign language, correct Thai translation is required.  Lastly, all submitted documents must be certified correct by the applicant.

If the application for a Registration Office is in Bangkok, the form and documents are to be submitted at the Department of Business Development, Ministry of Commerce. In other provinces in Thailand, application form and documents are to be submitted to the Provincial Office of the Business Development.

Tips for Securing Quality Tenants

Do you have a new investment property or rental unit that has a lease which is about to expire. In order to maximize your investment, it’s paramount that you source and attract a quality tenant to occupy your rental property. What is a quality tenant and how do you identify and secure one? Follow these recommendations from the investment property experts to ensure your efforts pay off for your investment.

A quality tenant is one that follows all the articles of the lease and maintains the property in the same or better condition in which it was initially leased. In order to attract a quality tenant, you must first have a quality property. This means the unit should be very, very clean with no deferred maintenance issues and you, as a landlord, need to be committed, within reason to the needs of the tenants. Securing and maintaining a quality tenant is a two-way street.

The first objective is to ensure your rental property is in excellent condition and has no deferred maintenance issues. Take advantage of the awesome deals offered by Groupon and stock up on cleaning supplies at Walmart now. Address the curb appeal of the property. Cut the grass, trim the shrubbery and update the mailbox and house numbers. A planter of colorful flowers will go a long way in making the home appealing to prospective tenants. On the interior, paint each of the rooms, including baseboards, doors and trim work. Have the floors steam cleaned and carpets cleaned or replaced as necessary. Ensure all appliances are in working condition including the heating and air conditioning systems.

Finally, take multiple photos of the interior and exterior of the property. Prepare a written description of the room counts, amenities and full terms of the lease. Disclosure the specific of the application process. Select a website on which to list the property for rent. Be prepared to respond quickly to all inquiries. Many prospective tenants are interested in viewing the property the same day it is listed. Best of luck to you in securing a quality tenant!

How a Per Diem Attorney Service Can Prove Invaluable

As any seasoned legal professional can confirm, the life of an attorney can be hectic. Between meeting with clients, researching cases and making court appearances, most lawyers have very little in the way of free time. Furthermore, because of their consistently packed schedules, a single delay or cancellation can throw everything into disarray. This is where a good per diem attorney service enters the picture. As you’ll find, the right per diem service can serve as a tremendous boon to perpetually busy lawyers.Court Appearances
There are a number of reasons for which attorneys fail to make court appearances – car trouble, family issues and schedule mishaps chief among them. Unfortunately, when it comes to missed appearances, clients and court officials can often be less than understanding. This is why it pays to have a reliable per diem lawyer NYC on your list of contacts. A good per diem service will send out a qualified attorney to stand in for you, no matter how short the notice. This ensures that you won’t draw the ire of the courts or elicit diminished confidence from your clients.

In-Depth Reporting
In addition to standing in for you during court appearances, a dependable per diem lawyer will provide you with an in-depth report on what transpired. The amount of time this will take varies from service to service, but the best per diem companies guarantee in-depth reports within 24 hours of court appearances. Receiving detailed court reports enables you to stay up-to-date with cases, ensuring that you’re able to plan your next moves accordingly.

Top-Notch Researching
If you’re short-staffed around the office, a per diem service may be able to help. Since certain companies make per diem attorneys available for researching-gathering and filing purposes, the solution to your problem may be a phone call away. Attorneys who are swamped with court appearances and client consultations are sure to appreciate being able to leave any research-related grunt work in the hands of capable per diem lawyers.
An attorney’s job is never finished. With every workday packed to the brim with activity, many lawyers feel completely drained come quitting time. If this describes your situation, you’ll be pleased to learn that you no longer have to go it alone. Any attorney interested in decreasing their workload and enjoying a much-needed respite would be wise to consider the benefits of working with a per diem service.

Choose The Best Domestic Violance Attorney For Your Family Or Yourself

If you or the member of your family are experiencing domestic violance from your family, you might want help from domestic violance for your family or yourself. This way, you will be able to process the domstic violance that happen in your house and get justice. Pick the correct domestic violance attorney can determine the outcome and peace on your family. Today, I will give you a well ordered guide on the most proficient method to pick a domestic violance attorney to ensure that you or your family will have justice and peace.

The first step is evaluating your situations and comprehends what sort of attorney you require. Regardless of how little the criminal accusation is, it is prescribed that you have a defense attorney speak to you in court or counsel him before your trial. Domestic violence attorneys are the lawyer that speaks to individuals accused of criminal conduct. Domestic violence attorney will give you issue motion that can improve your situation and prompt you for better choices on court. Make a point to procure a lawyer that pack in range of your situations or having claim to fame on your regions. At that point, do some examination on foundation of lawyer you pick. Ensure that your lawyer are has a place with the National Association of Domestic violence Lawyer, the State Association of Domestic violence Lawyer or ABA’s Criminal justice section. You will require experienced attorney that will commit the majority of their opportunity to your case, for example, Alameda County domestic violence attorney.

The following step  is finding the correct defense attorney. You can pick proficient organizations to locate the correct lawyer. Call the expert organizations nearest to you and make a point to get lawyer as per your needs. You may likewise approach your present lawyer for referral on a defense attorney, approach your companion or family for more referral or suggestions of a specific attorney.