Samui Phangan Real Estate Magazine April-May
Easter is here, which can only mean one thing....the year is flying past at a rapid pace and before we know it we will be discussing all things 2014! Wowsers! For those of you looking to move permanently to enjoy a slice of paradise, this issue we have some amazing properties available for sale and for rent, as well as a great article offering tips on purchasing your own piece of heaven and how to ensure you are getting what you paid for. Our April-May issue also covers all things, from ceilings, to outdoor furniture, keeping your pool ecofriendly and getting the most out of your roof, this issue is packed full of useful and interesting reads on living, renovating, buying and selling , shopping...and even some cooking thrown in for fun! Oh and don't miss our Island Scoop this issue - helping you keep across new happenings on the isles. Until next time, happy reading!
Easter is here, which can only mean one thing....the year is flying past at a rapid pace and before we know it we will be discussing all things 2014! Wowsers!
For those of you looking to move permanently to enjoy a slice of paradise, this issue we have some amazing properties available for sale and for rent, as well as a great article offering tips on purchasing your own piece of heaven and how to ensure you are getting what you paid for. Our April-May issue also covers all things, from
ceilings, to outdoor furniture, keeping your pool ecofriendly and getting the most out of your roof, this issue is packed full of useful and interesting reads on living, renovating, buying and selling , shopping...and even some cooking thrown in for fun! Oh and don't miss our Island Scoop this issue - helping you keep across new happenings on the isles. Until next time, happy reading!
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the legal arena<br />
TIPS FOR STARTING A NEW BUSINESS<br />
Are you planning to start your own business for the first time in Thailand? If so, we hope this useful information<br />
will help put your business on the right track.<br />
The simplest and easiest sort of company for foreigners to form with a small business is a Thai Limited Company.<br />
In Thailand, a Limited Company is a company with up to 100 shareholders, who share the same business<br />
purpose and is formed with a Capital divided into equal shares.<br />
GETTING STARTED<br />
To set up a company, you must first have the memorandum that can be acquired at the registration office. To<br />
properly register, you are required to provide the authorities with details of your company and list a minimum<br />
of three shareholders (who can either be Thai or foreign nationals or both). At least seven days after you first<br />
approach the department, you can call a shareholder’s meeting to reach an agreement on the purpose of your<br />
business and set up the company’s operational rules.<br />
Having agreed on the purpose of your business, you can then apply for business registration at the same<br />
department. If you cannot agree on company rules, you can refer to those stated in the Civil and Commercial<br />
Code’s partnership and companies section.<br />
SHARES<br />
Besides the issues of business registration, you must also make sure that your company’s shares are worth no<br />
less than 5 baht each. These shares can be transferred or even sold if the company has no regulations on this<br />
matter.<br />
Every shareholder must be given a share certificate, a document that guarantees their status as a shareholder.<br />
Should anyone wish to transfer their shares to another party; they have to fill in the share transfer form that<br />
confirms the deal between the transferor and transferee.<br />
The company also has to have in its possession a register of shareholders that contains a record of all the<br />
company’s shareholders. The book is evidence that will identify the company’s shareholders.<br />
SHAREHOLDERS AND CHAIRPERSON<br />
A Limited Company’s shareholders can be either Thai or foreign nationals or both, but the percentage of shares<br />
held by foreign national plays a significant role in determining the nationality of your company, which may impose<br />
serious limitations on the company’s rights, such as landownership.<br />
If less than 49% of your company’s shares are held by foreigners, your company is considered a Thai company.<br />
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