registration in Thailand.
Key characteristics of a non-profit foundation.
- The board or committee consists of 3 key people. This usually includes the Director, Assistant Director and secretary/Treasurer.
The non-profit foundation is setup for only non-profit purposes and exists independent of any government organisations.
- It is setup only for purposes of public charity, religion, art, science, literature, or other purpose for the public benefit.
- A foundation can engage or enter into legal business contracts once registered. This is an advantage for organizations seeking to partner with local organizations to support their activities in Thailand.
- Raising funds and donations for your projects under the foundation becomes easier when you have a registered entity.
Donors looking to fund a project find it easier to trust and account for their donations through a legally registered non-profit foundation. Having a registered entity provides legal clarity to its donors and supporters.
Criteria for approval.
An official name for the foundation must be chosen. It will need to be translated into Thai and must include the word “foundation”. All official documents of the foundation must bear this name.
A principal location for the non-profit foundation must be selected. The legal owner of the premise must provide supporting documents such as a letter of consent and lease agreements to allow the foundation to use the office premises.
The foundation bylaws must have a clear objective and purpose. The non-profit foundation must have an achievable goal and will need to fulfil their plans.
- The bylaws and objectives of the foundation must be in line with the Thai civil and commercial code. The objectives cannot be seen as a danger to the society and its people. The bylaws must in line with the Civil and Commercial Code of Thailand.
Application process and timeline.
The application will be submitted to the Registrar office where the business address of the foundation is located. The application will include in Thai, the bylaws of the foundation, the property or assets appropriated for the foundation, the names, addresses and occupation of all of the would-be directors/committees of the foundation and ownership/lease documents of the principal address of the business. The application must be reviewed for correctness and completeness before it is filed with the local registrar. The application will be initially checked and reviewed for similarities with any existing foundations currently running. If the review comes back positive, it will be forwarded to the Ministry of Interior for final approval. Once approved, the registrar will issue a registration certificate, which allows your foundation to start its activities in Thailand.