Yutthachai Sangsirisap

Yutthachai Sangsirisap

Licensed Thai Attorney

Mr. Sangsirisap is an experienced attorney that has assisted many clients with business registration and dealing with labor law issues. He has experience in handling business incorporation, licensing, and contract review. In addition, he is knowledgeable in the areas of transaction law and hedge funds. Mr. Sangirisap is fluent in Thai and English.

Akarit Deemark

Akarit Deemark

Intellectual Property Consultant

Mr. Deemark is an experienced Business and Intellectional Property Consultant who has assisted clients in over 1,000 intellectual property mattters in Thailand and overseas. In addition, he has drafted contracts, non-disclosure agreements, sponsorship, and rental agreements. Mr. Deemark can help assist in protecting your business. Mr. Deemark is fluent in Thai and English.

Starting a Business in Thailand

Setting up a business in Thailand is a complicated matter. There are three types of business organizations in Thailand ? sole proprietorships, partnerships, and limited companies. The most popular form of business organization is a private limited company. The formation of such a company requires following strict bureaucratic procedures.

After the formation of the company, the Revenue Code and the Accounts Act adds an additional layer of bureaucratic paperwork to be able to obtain a tax identification number and pay taxes. Businesses who are not diligent in obtaining tax identification, filing their regular monthly tax forms, and paying taxes are subjecting themselves to heavy fines.

Dealing with Thai government agencies generally do not end with the revenue offices. Many businesses require licenses, obtaining permits, and dealing with banks prior to beginning operations. Foreign nationals are required to obtain work permits even if they are the owner of the business. Without the proper documents, these processes can become a nightmare.

After opening up business, the hiring of employees will require knowledge about Thai labor law including the drafting of labor contracts, non-disclosure agreements, and the preparation of employee handbooks. Without these documents, you might be training your future competition.

The protection of intellectual property is important in Thailand. Patents, trademarks, and copyrights should be properly filed with the Thai government to prevent a competitor from stealing your ideas. If someone attempts to use your intellectual property without your permission, a proper IP filing will allow businesses to go to a special IP court for relief.

Virasin & Partners can be your partner in your dealings with government agencies and private entities. We have licensed English speaking Thai attorneys to assist you. Contact us for a consultation.