Setting up a holding company in foreign countries would sound difficult to you. However, we would share that it is easier and more convenient than you think, which would take only a few weeks with a compact budget based on your needs.
There are many benefits to setting up a foreign holding company, including maximizing your tax benefits, safeguarding your assets and interests, strengthening your cash flow, and optimizing the opportunities in the new market.
Maximize tax benefits
Subject to the applicable laws, the shares held by the holding company set up in foreign countries could maximize your tax benefit from paying the personal income tax in Thailand up to 35%, should that dividend payment be invested in foreign countries.
Safeguarding your assets
The foreign holding company would safeguard your assets, like trademarks or patents, by separating from the operating company. If any exposures occur, your assets are safe and secure in the holding, and you could continue your business as usual.
Strengthening your cash flow
The holding would also act like the headquarters company to strengthen your cash flow by (i) receiving payments from foreign countries, (ii) making foreign payments, and (iii) providing an inter-company loan to the operating companies.
Optimizing opportunities in the new market
You will easily access the new market and optimize the new opportunities through the holding and obtain a tax benefit for the cross-border transactions through the double tax agreement, which makes your profit greater than before.
We could assess your needs and budget before conducting tax planning. Should you have any inquiries, please feel free to contact us at [email protected]