This is a continuation of the previous article regarding the Foreign Business License application of service business for the affiliated or group company. Here, we list the information and supplementary documents for the consideration of Foreign Business License application.
In consideration on approval of service business for the affiliated or group company, the Foreign Business Committee will consider the details of information in the application for the foreign business license together with the supplementary documents according to the scope of the services to the affiliated company or group company as follows:-
For Accounting Service Business
1. The business descriptions of accounting service are: keeping accounts, recording accounts and preparing the report according to the Accounting Act B.E. 2543, such as bookkeeping and preparation of financial statement.
2. The information contained in the application seeking for permission must demonstrate the following characteristics:
– Must be a service that makes the accounting standard of the affiliated or group company to be consistent;
– Must be a service to the affiliated or the group company only where the name of the service recipient is explicitly specified;
– Accounting service itself is not the core business; taking into account the existing business operation
3. The supplementary documents of the application are as follows:-
- Copy of certification document or the evidence for being the juristic person including the business objectives;
- The chart showing the relationship between the applicant and the affiliated or group company;
- The details of the affiliated or group company as follows:-
– Name list;
– Current core business;
– Country of registration;
– Proportion of the shareholding between the companies.
– Copy of financial statement or annual report (if any)
For Legal Service Business
1. Legal service business shall be described as giving legal advice on various aspects relating to the business operations of the affiliated or group company, such as preparing and examining of a draft contract.
2. The information contained in the application seeking for permission must demonstrate the following characteristics:
– Must be a service provided so that the legal compliance of the affiliated or group company will be consistent;
– Must be a service to the affiliated or group company only, where the name of the service recipient is explicitly specified;
– Legal service itself is not the core business; taking into account the existing business operation.
3. The following are the supplementary documents of the application:
- Copy of certification document or the evidence for being the juristic person including the business objectives;
- The chart showing the relationship between the applicant and the affiliated or the group company;
- The details of the affiliated or the group company as follows:-
– Name list;
– Current core business;
– Country of registration;
– Proportion of the shareholding between the companies
- Copy of financial statement or annual report (if any)
For Loan Service Business
1. The business descriptions of loan service are as follows:
Providing the loan service to the affiliated or group company for the purpose of giving financial support among companies, for example a vehicle parts manufacturing company lends money to its group company, who is the seller of the vehicle parts; and a company, who is the manufacturer and seller of electrical appliances, lends money to its group company who operates a Treasury Center.
2. The information contained in the application seeking for permission must demonstrate the following characteristics:
– Must be a service that benefits the financial management of the affiliated or group company in order to create proficiency, reducing cost in the loan from financial institutions including reducing the process and difficulty in the application for financial support from the financial institutions.
– Must be a service to the affiliated or group company only where the name of the service recipient is explicitly specified;
– The loan service itself is not the core business; taking into account the existing business operation.
3. The supplementary documents of the application:
- Copy of certification document or the evidence for being the juristic person including the business objectives;
- The chart showing the relationship between the applicant and the affiliated company or the group company;
- The details of the affiliated company or the group company as follows:-
– Name list;
– Current core business;
– Country of registration;
– Proportion of the shareholding between the companies.
- Copy of financial statement or annual report (if any)
In the next article, we will list the required information and documents for Leasing of Land, Office Building Spaces including Public Utilities and Consulting and Advisory Service Business or Management Service in Various Aspects.
Contact ThaiLawyers for company registration and foreign business license application.