How to Register a Company in Thailand in 2023
Thailand offers great opportunities for foreigners to start a business or invest in an existing company. With steady economic growth, strong exports, and a robust consumer market, Thailand is an ideal location to conduct business in Southeast Asia.
This guide covers everything you need to know about registering a company in Thailand as a foreigner, including:
Popular Business Structures for Foreigners
Thailand continues to be an attractive destination for foreign investors looking to incorporate and do business in the region. Here is more detail on the process of registering a company in Thailand as a foreigner.
Thai Company Registration Structures
Several structures exist for company registration in Thailand:
- Thai Limited Company – Most common for foreign investors. Requires at least 3 shareholders and directors. Offers limited liability.
- Partnership – For small businesses with 2+ partners. No minimum capital needed.
- Representative Office – For foreign firms wanting a presence in Thailand. Cannot earn direct revenue.
- Branch Office – Relatively fast registration. Allows foreign companies to engage in business.
- BOI Company – For larger investments in promoted industries. Tax incentives available.
- Thai Foundations – For develop the public in areas of religion, charities, education, and even sometimes for arts, science, and literature.
Steps for Thai Company Registration
Follow these key steps for business registration in Thailand:
- Choose a structure and reserve company name
- Appoint directors and shareholders
- Prepare incorporation documents
- File for registration with the DBD
- Obtain tax ID and VAT registration
- Open a company bank account
Timeline and Requirements
- Takes 1-2 weeks to fully register a Thai Limited Company.
- Minimum capital depends on business activity.
- Various reporting rules apply.
Benefits of Thai Company Registration
Key benefits include:
- Limited liability protection
- Long-term stability
- Separate legal entity status
- Ability to employ foreigners
- Potential tax incentives
Our Company Registration Services
We have extensive experience advising foreign investors on:
- Selecting the optimal structure
- Meeting capital requirements
- Preparing required documents
- Navigating regulatory issues
- Getting visas and work permits
Steps to Register a Thai Limited Company
Follow these key steps to set up a Thai Limited Company:
- Reserve the company name with the DBD.
- Appoint at least 3 promoters/shareholders and 1 director.
- File the Memorandum of Association (MOA).
- Convene a statutory meeting of shareholders.
- Submit registration application and fees to DBD.
- Obtain tax ID card and VAT registration as needed.
- Open a company bank account.
Registration Timeline and Requirements
- Takes approximately 1-2 weeks to fully register a Thai Limited Company.
- Minimum registered capital requirements depend on business activities.
- Various reporting and compliance requirements apply.
How We Can Help with Registration
The company registration process can be complex for foreigners. We have extensive experience advising international clients on:
- Selecting the optimal business structure
- Preparing all required documents
- Meeting capital requirements
- Navigating legal and regulatory issues
- Obtaining visas and work permits
Contact us today to learn more about registering your business in Thailand!
We Are Here to help
Your Trusted Legal Partner is Here!
Your Legal Challenge is Our Mission – Reach Out, We Care!
Look no further! AIC Legal Services is your go-to legal partner for all your legal needs.
Schedule a Visit
(No Walking Client)
Please fill in the form and we will contact you as soon as possible.
About Company Registration In Thailand
What are the requirements to register a company in Thailand?
The main requirements are reserving a company name, appointing directors/shareholders, preparing incorporation documents, and meeting capital requirements. The specifics depend on the business structure.
What is the minimum capital needed?
For a limited company, the minimum registered capital is THB 2 million per foreign director/shareholder. Higher amounts apply for regulated industries.
How long does registration take?
The full registration process usually takes 1-2 weeks for a limited company. An expedited registration can sometimes be done in 5-7 days.
What documents do I need to register?
Typical documents include company name reservation, MOA, director/shareholder IDs, capital evidence, address proof, statutory meeting resolution.
Can foreigners fully own a Thai company?
Yes, foreigners can own a Thai company, but the extent of ownership and the type of businesses they can own is governed by the Foreign Business Act of 1999. Certain businesses have restrictions or require a Thai majority shareholder. Foreigners can establish ownership through various structures, such as having a majority Thai partner or utilizing specific treaties like the Treaty of Amity for US citizens. Consulting legal professionals for up-to-date and precise information is strongly advised.
Are there tax benefits for foreign companies?
Yes, certain structures like BOI companies offer tax holidays and reductions for foreign investors.
Do I need a visa/work permit to operate the company?
Yes, foreign directors/shareholders need an appropriate long-stay visa and work permit to manage the registered company.
What are the ongoing compliance rules?
Requirements like annual filings, licenses, bookkeeping apply. We can assist with legal compliance.