Representative Offices need to to obtain permission to operate from the Director-General of the Department of Business Development with the approval of the Foreign Business Committee. For obtaining such a permission, the following conditions need to be met:
Minimum capital of one million Thai Bath remitted to Thailand before commencement of business operation
If additional loans are used to finance the Representative Office, the total amount of these shall not be more than seven times the total capital remitted
At least one person of the persons running the Representative Office must have a residence in Thailand
Financial statements need to be submitted to the Department of Business Development annually
Whenever officials enquire, documents relating to the permitted business operation must be provided
For registering Representative Offices, an application fees of 2,000 Thai Baht is due. In addition, a registration fee equal to five Thai Baht for every 1,000 Thai Baht of the registered capital, with a minimum of 20,000 Thai Baht and maximum 250,000 Thai Baht needs to be paid