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 Business in Leasing of Land, Office Building Spaces including Public Utilities
1. The leasing business of land, office space including public utilities shall be described as follows:
Lease of land and office building spaces that are not used for the core business operations for the purpose of allowing the affiliated or group company to use as storage of raw materials, components and finished products. This also includes using the land for the place of business, for which the business of the applicant and the service recipient are related. For example, a company which manufactures and distributes electronic boards, leases its warehouse spaces to its affiliated company, operating as the international center for parts and products procurement or for the storage of raw materials, components or finished products.
2. The information contained in the application seeking for permission must demonstrate the following characteristics:
- Must be beneficial to serve a constructive and useful purpose for the affiliated company or the group company to use the lands as a place for operating the relating businesses, and should facilitate the overall operations as well as reducing costs and allowing cooperation businesses.
- Must be a service for the affiliated or group company only where the name of the service recipient is explicitly specified;
- Land lease itself is not the core business; taking into account the existing business operation or the proportion of the leased lands per the total area of the lands of the lessor.
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 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 Consulting and Advisory Service Business or Management Service in Various Aspects
1. The business descriptions are as follows:
Providing consultation, advice or management/administration to the affiliated or the group company in various aspects such as marketing, finance, human resources, training and internal audit, procurement of office supplies or raw materials for production and information technology such as providing office management for the affiliated or the group company in relation to human resources, by recruiting or training employees for the affiliated or the group company or by managing information technology through the procurement of computers or computer software, maintenance of computer systems, communication networks and database systems.
2. The information contained in the application seeking for permission must demonstrate the following characteristics:
- Must be a service for the purpose of the efficiency and standardization of administration and management of the affiliated or the group company.
- Must be a service to the affiliated or group company only, where the name of the service recipient is explicitly specified;
- The consulting and advisory service or the office management 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 companies.
- Copy of financial statement or annual report (if any)
Interested in setting up a foreign business in Thailand, contact ThaiLawyers for business registration, Foreign Business License, visa and work permit application.