thailand

A ready-made222 cryptocurrency company in Thailand. It is possible to provide a nominal service. Opening a bank account is included in the price.

Timeline: Re-registration of the company takes place in the shortest possible time. Usually, it takes 2-3 weeks, depending on the workload of the Thai regulator. 

Thailand is a leader in the adoption of cryptocurrency. The country took this position in 2019, and since then it has been actively developing the sector. The country has many cryptocurrency exchanges, developing mining, cryptocurrency exchange services, and storage of digital assets.

All companies that engage in cryptocurrency activities must register with the Securities and Exchange Commission (SEC). It reviews applications, issues crypto licenses, monitors compliance with rules, and pays taxes (7% VAT). ICOs are overseen by a separate division of the SEC. Delayed registration can cause a fine of $15,500.

The regulator pays special attention to combating money laundering and terrorist financing. Because of this, the process of working with cryptocurrency became more complicated than before, but it’s more transparent.

Requirements for cryptocurrency companies when getting a license from scratch 

• All directors are not required to have a crystal clear history, but at least one of them must not be connected with criminal cases or bankruptcy.
• The number of shareholders is at least three.
• They must open an account with a local bank and put $5,000 in the deposit.
• The company must submit a detailed business plan to SEC.
• Authorized capital must be at least $150,000.
• Company structure must meet SEC requirements.
• It is obligatory to identify the client during exchange transactions.
• Personal presence is required to open a bank account.
• Exchanges of digital assets must maintain a separate database for inspection by the regulator.
• Audits and financial statements must be filed on the regular basis.

The advantages of cryptocurrency companies in Thailand

• Opportunity to engage in different types of crypto activities.
• A great demand for cryptocurrency. Locals use it for investments and payment for goods and services.
• The government is interested in cryptocurrency. There are plans to reduce taxes on crypto activities shortly to encourage its development.
• The country has not signed agreements on automated data exchange with other countries.
• The company has the right to attract foreign investment.

Why it’s beneficial to buy a ready-made cryptocurrency company in Thailand

• You can start working right away after buying a ready-made company. You don’t have to spend time on its incorporation, getting a license, finding employees, renting an office, and opening a bank account in Thailand.
• You do not need to develop a business plan to be registered.
• The structure of the company is already established under current laws, so there is no need to develop it from scratch.

All companies that we offer have a clean history, so there is no need to be afraid of hidden credits, collectors, and lawsuits.