1. Do VAT registration officers need to conduct on-site inspections?

If the VAT application is submitted in person to the tax bureau, the tax bureau officials will not conduct on-site inspections; If the VAT application is submitted online, tax officials will conduct on-site inspections.

2. How many shareholders does the company need to have?

When a company is established, at least three natural persons are required as initiators. After the establishment of the company, the natural person initiator may transfer their equity holdings to the legal person shareholder. But whether it is a natural person or a legal entity, the company must ensure that there are at least three shareholders.

3. Can Thailand recognize China's arbitration award?

Thailand can recognize China's arbitration award.

4. How to ensure the rights and interests of the Chinese side in joint ventures where the Thai side holds more than 51% of the shares?

1. Granting minority shareholders the right to control the company's business by formulating special articles of association;
2. The Thai and foreign shareholders of the company can be divided into two groups, and it is stipulated in the company's articles of association that each shareholder has the right to appoint directors in the same proportion. Major issues involving board decisions must obtain the consent of both groups of directors;
3. Major issues can be listed in the company's articles of association, which require a special resolution passed by more than 75% of the shareholders' meeting votes."

5. What are the regulations for setting up director authorization?

Unlike China, when registering a business in Thailand, the company can independently agree on the conditions for the authorization signature to take effect. As agreed: the signature of one authorized signing director is sufficient for the document to take effect, or it is agreed that two authorized signing directors must sign for the document to take effect, or it is agreed that the signature of the authorized signing director must be stamped with the official seal for the document to take effect, or it is agreed that a certain authorized signing director has the authority and scope to sign the document, etc. This authorization setting can be queried by the public in the Thai DBD system.

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