Business plan representative office thailand

How To Establish A Representative Office In Thailand

Admin and HR Manager In charge of overseeing the smooth running of HR and administrative tasks for the organization Maintains office supplies by checking stocks; placing and expediting orders; evaluating new products.

A representative office can only sign those contracts that are essential for its own operations, e. This process can normally be completed within working days. The size of the operations.

Thai Representative Office

After the statutory meeting is held, the promoters must hand over all businesses to the directors of the company. Number and name of staff together with their salaries. Sourcing of goods or services for its head office Inspecting and controlling the quality and quantity of goods procured by its head office Providing advice in various fields relating to products directly sold by its head office to local distributors or business plan representative office thailand.

Focuses sales efforts by studying existing and potential volume of dealers. At the formation step, the authorized capital, although partly paid, must all be issued. In the case where a power of attorney was executed in a foreign country, such power of attorney must be notarized by an official or by a person who has been prescribed with the powers of notarization by the laws of such country, or by an authorized official of the Royal Thai Embassy or Royal Thai Consulate stationed in such country at a time not exceeding six months prior to the date of submission of application.

Thailand Representative Office

Procedures for Establishing a Company 1. Dissemination of various information pertaining to new goods or services offered by the head office. A fraction of 1, baht is regarded as 1, baht.

A Representative Office in Thailand

It concerns information regarding the economy, possible investments, marketing, manufacturing, distribution and the demand on goods in the automobile, electronics incl. Brochure or profile of the business is required as well. But cost pressures coming from the recession have moved many B2B vendors to re-evaluate that stance, with surprising results.

Threat Our SWOT Analysis noted that the threats we are likely to face may include unfavourable government policies, global economic downturn, new competitors, getting products and networking.

Searching for local sources of goods or services Inspecting and controlling the quality and quantity of goods purchased or ordered to be manufactured in Thailand Providing information concerning goods of the head office sold directly to local distributors and consumers Introducing new goods or services of the head office Reporting to the head office regarding business trends, developments and activities in Thailand Therefore, a Representative Office in Thailand does not receive any revenue from providing services, and cannot receive purchase orders or make sales or negotiate business with third-parties.

The capital information must include the number of shares and their par value. The size of workforce in Thailand employed by the applicant. For more information of Tax Guidance of Representative Office in Thailand please visit our website at:: Resolves customer complaints by investigating problems; developing solutions; preparing reports; making recommendations to management.

This process takes about two and a half months. It has to be mentioned that, even after receipt of the Foreign Business License, the representative office has to keep complying with certain conditions.

However, after the name has expired, the promoter can still re-apply for Name Reservation again and again if the name is still available. A foreign company seeking to establish a representative offices must first apply for a Foreign Business License for further information, please see the article thereon.

Adjusts content of sales presentations by studying the type of sales outlet or trade factor. Additionally, the process has been streamlined with the recent publication of revised guidelines for service businesses.

The size of workforce in Thailand employed by the applicant. Reports and shares information with the board to ensure they are kept fully informed on the condition of the Agency and important factors influencing it.

Representative Office in Thailand

Procurement of supply sources for goods and services in Thailand for the head office. A specification of the category or characteristics of the goods, as well as their qualification The concerned goods have to be complicated or require a special technique, which makes the knowledge and information necessary in order to appropriately and beneficially use the goods Proof that the product is sold or used in Thailand e.

If the evidence or documents submitted in support of the application are in a foreign language, their translations in Thai must be provided. Please find here a list of documents which should be prepared for the application to be submitted at the Ministry of Commerce: For what concerns for example a loan from a financial institution which is incidental to the business, the loaned amount may not exceed seven times the capital.

Although there are no minimum capital requirements, the amount of capital should be respectable and adequate for the intended business operation. In the case where a power of attorney was executed in a foreign country, such power of attorney must be notarized by an official or by a person who has been prescribed with the powers of notarization by the laws of such country, or by an authorized official of the Royal Thai Embassy or Royal Thai Consulate stationed in such country at a time not exceeding six months prior to the date of submission of application.

Checking and controlling the quality and quantity of goods purchased or hired to manufacture in Thailand by the head office Giving advice concerning goods of the head office sold to agents or consumers Propagation of information concerning new goods or services of the head office Report on business trends in Thailand to the head office.

The Committee will consider the specific aspects depending on the business activity that will be conducted by the representative office: Also customers might find it hard to trust our sales persons. Our Target Market We at Lego Sales Consultants believe we have unique offering of services that will appeal to a large customer base.

They are generally free to transfer those shares to existing shareholders or third parties, thereafter, if they wish. Reporting business movements in Thailand to the head office.A representative office operates a service business in Thailand for its head office, an affiliated company or a group company in another country (hereinafter referred to as ‘foreign company’).

Establishment of a Representative Office The Representative Office (RO) is one of the common business vehicles through which a foreign company can establish their first presence in China.

The relative simplicity and comparatively short time. Setting up Representative Office in Thailand and its limitations and activities allowed under the Thai Foreign Business Act /5(12).

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The operation of Representative Office in Thailand in order to render the service to its head office or the affiliated company or the group company in foreign country is the operation of business under the business listed in List 3(21) attached to the Foreign Business Act B.E i.e.

The country operations business plan (COBP), – for Thailand maintains consistency with the strategic direction and core program areas of the CPS, –, which remains valid. European Representative Office; Japanese Representative Office Thailand: Country Operations Business Plan (–) Institutional .

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Business plan representative office thailand
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