Business Administration

LEGAL & BUSINESS ADMINISTRATION

Business operations in Thailand can be either under the name of an individual or a company.

Each type of legal entity needs to be registered with the relevant government office.

Registration requirements and time limits differ depending on the legal entity.

We will help identify what licenses are required for your business and get your company properly registered.

In Thailand, certain business categories require a specific license or permit. Doing business without such licenses is illegal.

Examples of licenses needed to start a business in Thailand:

Financial accounting: Deals with preparing financial statements to report information to external users, like government agencies, creditors, banks, and investors.
Management accounting: It involves providing financial information to internal users, such as employees and management.
Cost accounting: It’s accounting that deals with cost analysis. Cost accounting elaborates the cost of various functions, products and operations of a company.
Budgeting, planning, and forecasting: Financial management involves managing a company’s requirements, creating a budget and plan, and forecasting the outcome the company expects.
Financial reporting: Financial reporting is crucial to financial management because it helps with decision-making.
Financial decisions: Financial management involves making various financial decisions, including options, investments, and dividends.
Financial control: Financial management ensures the company gets its funding from proper sources. It also ensures there is a proper use of financial resources.