Capital Remittance Requirements for a Registered Branch or Representative Office - Mazars - Thailand
Capital Remittance Requirements for a Registered Branch or Representative Office
The Foreign Business Act requires that a registered branch or representative office must have “minimum capital” to be used for its business operations in Thailand.
15/06/2011
Keywords: Legal, Capital Remittance, Thailand
We note that such “minimum capital” is not considered as “registered capital”, as commonly used for a “private company limited”.
Therefore, a registered branch or representative office has to receive funds from the head office into Thailand of:
- Not less than Baht 3m; or, if higher,
- The average annual operating expenses calculated from the budget for the first three years of operation. This amount will be specified in the office’s foreign business license permission letter.
The minimum capital must be brought or remitted into Thailand according to the following schedule:
- not less than twenty-five per cent during the first three months;
- fifty per cent within one year; and
- not less than twenty-five per cent of the minimum capital each subsequent year.
However, if the business is expected to operate for less than 3 years, the minimum capital
Contact us
- Copyright 2012 - Mazars - Thailand
- RSS
- Site map
- Legal and privacy
- Accessibility
- Copyright 2012 - Mazars - Thailand
