How to open corporate bank account in Thailand for the company without Thai director and Foreign Work Permit
After the company is registered at the Department of Business Development, one of the important things for the company is to have bank account to facilitate the business and transactions.
Currently, most companies who set-up in Thailand and have foreign director found issue and difficulty for opening corporate bank account due to the local banks request the work permit from foreign directors.
For 100% foreign shareholding company, it is more difficult to open the corporate bank account due to each bank and branch has more requirements than the normal company (private company) including work permit of the director. However, if you would like us to assist your company for this process, we can assist for this matter which we found that there are still some ways to open a bank account for this type of company and we also have the bank branch recommendation for you for open bank account without using working permit of the director.
Our scope of this service have 2 options for you to choose as:
Option 1: We assist to prepare the documents including the minutes of meeting for open bank account and the director go to the bank for open bank account directly
Remark: In case have a problem when opening bank account, we can assist to coordinate by phone call.
Option 2: We assist to prepare the documents including the minutes of meeting for open bank account and our staff assist at the bank
Note: The company’s director must present at the bank directly and for the shareholder there is no need to go but the shareholder who hold share 10% or above must provide the signed copy of passport (depends on each bank branch policy)
Service fees are as following:
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Baht 3,000 for prepare documents for open THB Savings account (per account and per bank branch)
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Baht 5,000 for prepare documents for open FCD Savings account (per account and per bank branch)
Moreover, if you need our staff to support at the bank our starting fee is Baht 5,000
The primary required documents for open bank account are as:
- Company’s affidavit & objectives (updated within 1 month)
- Shareholders’ list (updated within 1 month)
- Minutes of Meeting for open bank account
- Copy of ID card of the shareholder who hold the share more than 10% (depend on bank branch policy)
- Other required documents from the bank branch
For more information, please feel free to contact us:
Phones: +66 2 933 9000
Whats'app: +66 81 919 6225 (Mr. Tana Sipa)
Email: bkk@panwa.co.th