Shelf company for sale, Dormant company ready for sale

We have a Thai ready-made company is 1 - 4 years old and comes with widely drawn memorandum and articles of association, and a certificate of incorporation. This company also comes with a trading objective, the content of which can easily be modified. This company is currently registered with a nominee director and a registered office address. We can register the details of your own director and registered office address free of charge, or, if you prefer, we can continue to provide our nominee, and registered office address services for this company at an additional annual fee. We guarantee that this company has been dormant and free of any liabilites since the date of its incorporation.

Conditions:

• To prove your business and plan or background.
• To sign the documents (registration forms) at Panwa Office.
• To tak a group photo 1 pic with Panwa Team.

This ready made companies is temporary stop and will be resumed again on Feb 1, 2023. Sorry for this inconvenince

Since we have long experience in this, so we can confirm you that: above ready made companies can be transferred to your side within 3 working day(s).

Remark:

a. The below structure must be changed (modified) when you buy this company:

1. Director
2. Company Name
3. Company Seal
4. Shareholder
5. Company Address, if you still need our address for being your company address is Baht 18,000 per year.

b. This company has completed filing monthly-yearly tax return, submission of audited financial statement and never do any business in the past.

QA

Q1: I'm a foreigner who have 1 year rental contract for a house in Chiang Rai. Whether it's possible to use this address as my company address or not? Panwa: Yes your house in Chiang Rai can be used as company address but the Building owner (landlord) must give you Household Certificate or “Tabien Baan” (for using address without VAT registration) and for case of VAT registration the Building owner (landlord) must give documents as below: Copy of Household Certificate or “Tabien Baan” (1 copy certified by the landlord or building owner) Copy of the Letter of Consent issued by the owner of Building or landlord (1 original set) Copy of ID card of the owner of Building or landlord (1 copy certified by the building owner) Copy of house number application which showing the name of the owner Building or landlord, to proof of ownership of Building, (1 copy certified by the owner building). And for yourself have to do for: Map showing location of Building (1 copy) Pictures of the Building showing a house number and your company’s signboard inside.

Q2: Shall my thai partner have a 1 milion baht for shelf company purchase? Panwa: No need to have Baht 1 million, in Thailand it's just prove only step of company registration which already done when start up company.

Q3:

Q4: I saw that the company's registered capital for Baht 1 million with fully paid up. How much would it cost to increas the paid capital to be Baht 2 million (If we don't want to present the additional 1 million.) Panwa: Service fee is Baht 8,000 for register in Bangkok area and plus government fee approx for Baht 6,200. And there is no need to present the investment for this increasing capital.

Q5: Can the company stay in dormant status, until we are ready to start our business? Panwa: Yes, the company can be held status of dormant as long as you want.

Q6: Can we change the type of business for the company? Panwa: you can change every thing of this company which not only for the business type but also company's name, address, shareholders, director and etc. Q7: Can the dormant company fully own by foreigner? Panwa: If you want to continue keep as a dormant which will not do any business activities, yes of course this company can convert to 100% owned by foreigner or foreign owned company. Q8: How much you charge for the yearly accounting? Panwa: We charge as a package which covering; yearly accounting, yearly tax and auditing for Baht 15,000 per year plus Baht 3,000 for half year tax, by this amount will cover all necessary filing. You can visit our website for the package of dormant company at: http://www.panwagroup.com/dormantcompany.htm

Q9: For the 49% Foreigner , this could be 2 Foreigner's right to make up the 3 Director's requirement ? Panwa: Yes, for the 49% can be 2 foreigners for "Shareholder" and can up to be 3 shareholders or more. Remark: Shareholder and Director is different as below: Shareholder is the person who invest in the company and have the shares, they have voting right through the number of shares they are holding and they can use this voting to appoint director and of course the appointed director can be themselves. In step of taking over all shareholder is no need to visit Thailand. Director, actually is appointed by shareholder to manage the company which director can be the same of shareholder. In step of taking over this company the director have to come to sign documents in Thailand.

Q10: For the Bank Account will we be able to use say HSBC ? And we will have total control of the Bank Account ? Panwa: We don't recommend for HSBC of foreign bank due to: too complicated in step of bank account opening which they will check too much information and back to core shareholder (if hold by holding company). too expensive for maintain the account like a bank charge is very hing if not keep as the required minimum deposit. too take long time for approval. With the above reason, Panwa can recommend you to open with the bank who allow despite without work permit of director (or without work permit of bank account signatory) and your company can use for: Internet banking, you will get "TOKEN" to obtain the password for login to use internet banking and by this way you can handle this bank via internet anywhere (not only in Thailand). Saving account with require minimum deposit at Baht 500. Current account with require minimum deposit at Baht 20,000, you can use cheque book for the business.

Q11: And we will have total control of the Bank Account ? Panwa: Yes, of course under this model only your side will be company's signatory (as director) and also bank signatory, you have full execution power to control all of this company. Remark: The step of transfer can be completed within 1 - 2 working day and the next day you can go for bank account opening.

Q12: Can I put my Condo address as a company Address? Panwa: The Condominium address can be used only the case of register company without VAT registration (register compay but non VAT registration) if register VAT it's depend on Tax Authority in each area and also the condo's management which normally they have their own rule for only residence (not allow for business except in commercial zone).

Q13: Im looking for a ready made company in Thailand, service will be Online Marketing Services, need 2 Million Capital (do i need deposit this 2 million or is just a "value" ? Panwa: There is no need to deposit or prove for the Capital of Baht 2 million due to in step of registration of this company is required to prove only Thai Shareholder for their investment fund and already done.

Q14: I search a lot, and my conclusion is, is much more easy start with ready made company right. If i buy one of your companys, how many days take to open bank account? Panwa: We can finish within 1 day or in the same day of your visiting day (if come on early morning) due to the current holding structure is our side and can standby for this transfering.

Q15: Regarding your ready company D25, can foreigner director apply working permit? Panwa: Initially you should understand the requirement for Visa and Work permit application as below, for one working permit you should have: The registered capital of Baht 2 million Employ 4 Thai employee. Having local Thai director VAT registration Having physocal office (working station). So if you are not completed the above requirements you minght not start for Visa and Working permit application.

Q16: Do I need to pay the capital? Also, how can I find shareholders?  Panwa: you are not need to bring or pump in the capital fund, in Thailand most of the companies there are no real investment fund so the registered capital will be recognized as "Loan to director" and charge for interest income (in company's account) and pay "special business tax (SBT)" for each Baht 1 million registered capital is Baht 990.

Q17: Is possilble to request your service only change all item of an existing company that's I've got from my friend and how much its cost. Panwa: Yes, we are wlcome and tha's request is an ordinary services of us too. Below is the rough provision cost covering all of modification (change) on incorporated document until transferring to your side. Our fee for totaling change (you can change all kind such as change name, shareholder, director, seal, business objectives, address, increase capital and free for VAT registration too, but accept modify company's article and decrease capital), our fee is Baht 15,000. Estimated Government fee is Baht 3,000. (Except increase capital must be add Baht 5,500 for each million increasing). Advertisement and letter for extra ordinary meeting for Baht 1,000. Timeline, we can finish all step within 15 days, due to they have legal process for extra ordinary meeting which require process of meeting and approval for 14 days. The cost above is for Bangkok area. Remark: To take over the existing company you must ensure on the liability and contingent liability which normally Due Diligence for both financial and legal must be applied before transfering, of course for the cost issue small size company may waive but you should a experienced accountant to review its financial status also.

Q18: Do you have a 2 million or 4 million company for sale. Panwa: We have more than 20 ready made companies for sale but for Baht 2 million capital we have only 1 company but 4 years old so the cost is not cheap (refer to Code: D49 above) and all of them are located in Bangkok - our office address. So if you just to buy only for working permit purpose with capital only Baht 2 million or 4 million, you can buy 1 year old company and then increase capital to be Baht 2 or 4 million, actually we charge extra only government fee for Baht 5,050 for each Baht 1 million increasing. It's free for increasing capital and other kind of change incorporated company's document if you buy our ready made company.

Q19: YOU: I couldn’t figure out from your website, if we increase capital to be Baht 2 Million do you show the capital increase and then we pay back that money to you? Or do we have to provide the 1M capital extra. Panwa: When that capital will be increased Baht 1 million in the same time of this transferring ownership to your side, there is no service charge but you have to pay actual government fee for Baht 5,050 (relate to Baht 1 million capital’s increasing) and be informed that there is no need to prove the investment fund (if totaling capital is not exceeding Baht 5 million).   Anyway in case the company don’t put the capital fund into company bank or not spend into business activities, in the company account will be recognized as below with have liability for Special Business Tax (SBT): Registered Capital = Baht 2 million and Loan to director (you) = Baht 2 million, SBT must be recognized on tax purpose which be accepted by Tax Authority at rate of 3.3% of interest income (came from its loan), therefore you have to pay SBT for Baht 990 per year (if use interest of loan at rate 1.5% per annum). Therefore the rough cost for this buying (readymade company) is the cost mentioned on our website plus the government cost of Baht 5,050 (for increasing capital of Baht 1 million), and we would like to confirm you we can finish all step within 1 or 2 working days.

 

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For more information, please feel free to contact us:
Phone Nos.: +66 2 933 9000
Fax: +66 2 933 6120
Email:panwagroup@gmail.com

Whats'app: +66 81 919 6225