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The good standing of a Thai business

Certificate of Good Standing for a Thai company Good standing describes the status of any entity as in compliance with certain standards. In the usual business life, a company is in good standing, if it is in-line with its legal, tax, financial, and reporting obligations. Contractual violations and defaults as well as fraud and other criminal activities are usually not included in this definition. However, the term must be formulated and defined individually for each specific case and intended use.  Seven categories in Thailand: Concerning the good standing of a Thai company, these seven aspects should be considered: (i) proper registration at the company register as an operating business with […]