Whether your reason of starting a business in Thailand is to purchase a property, to reside, or to work in Thailand, you still have to follow certain requirements and legal procedures.
Cosmo World Export will provide you with a platform to provide you with a complete package of business and company information, accounting, legal services and virtually any business process support to give you a hassle-free transaction, so you can successfully manage your new business in Thailand. We are partners with the leading legal and business network in Thailand.
We recommend that you acquire the services to ensure a hassle-free of bureaucratic process the Thai government asks foreigners to work and do business in the Kingdom. We can provide assistance throughout your entire company registration procedures to legally set up your business in the country.
VAT is known in some countries as a goods and services tax (GST). VAT is a type of general consumption tax that is collected incrementally, based on the surplus value, added to the price on the work at each stage of production, which is usually implemented as a destination-based tax, where the tax rate is based on the location of the customer.
For any companies making taxable supplies in Thailand, there is a statutory obligation to register for VAT if the business annual income is more than 1.8 million Thai Baht.
Typical situations requiring a VAT registration in Thailand include:
- Where goods are delivered within Thailand;
- If the foreign trader imports, installs or assembles goods in Thailand;
- Export of goods from Thailand; and
- Supply of services where the place of supply is Thailand.
If your entrepreneurial venture is a newly emerged, fast-growing business that aims to meet a marketplace need by developing a viable business model around innovative product, service, process or a platform, we are here to make sure your start-up company is legally in Thailand. Having Thai government policy support, a world-class infrastructure, abundant resources, cost-effective and skilled workforce, a strong export and domestic consumer market, these have nurtured the country to be a natural leader in the emerging markets and became a ground fora business start-up.
Cosmo World Export can assist you with all your business needs from the idea stage to securing financing, laying down the basis structure of the business, and initiating operations or trading.
Changes in company
COSMO can assist you in any of your business circumstances, for example, a change of shareholders, company address, stop trading the business, and selling business.