A Thai limited company requires a minimum of seven promoters and must file a memorandum of association, convene a statutory meeting, register the Thai limited company, and obtain a company income tax identity card.
They must also fallow accounting procedures specified in the civil and commercial code, the revenue code and the accounts act. A balance sheet must be prepared once a year and filed with the department of revenue and commercial registration, In addition companies are required to withhold income tax from the salary of all regular employees.
BUYING A HOUSE OR VILLA IN THAILAND THERE ARE 3 STEPS
1. Finding a house in Thailand
Real estate in Thailand has taken off in the past decade or so with more foreigners' wishing to live in Thailand or make Thailand their second home. Many wish to own a house, and it is inportant that when purchasing a house