Company Registration in Thailand
Thinking about starting a business in Thailand?
The company registration process in Thailand is straightforward if you meet the legal requirements.
This guide covers everything you need to know about how to open a company in Thailand as a foreigner, including regulations, procedures, and frequently asked questions.
Why Open a Company in Thailand?
Thailand is one of the most business-friendly countries in Southeast Asia, offering:
- A strategic location in the heart of ASEAN.
- A thriving economy with various business opportunities.
- Competitive operating costs for startups and established businesses.
- Government incentives for foreign investors in specific industries.
Can a Foreigner Open a Company in Thailand?
Yes, foreigners can open a company in Thailand, but there are specific regulations:
- Foreigners can own up to 49% of a Thai company, with the remaining 51% held by Thai nationals.
- A BOI (Board of Investment) promotion allows 100% foreign ownership in certain industries.
- Foreign Business Licenses (FBLs) are required for specific business activities.
Company Registration in Thailand for Foreigners
To register a company in Thailand, follow these steps:
Step 1: Choose a Business Structure
The most common business structure is a Thai Limited Company, which requires at least three shareholders.
Step 2: Reserve a Company Name
Check company registration in Thailand through the Department of Business Development (DBD) to ensure your desired name is available.
Step 3: Register Your Business
- Prepare and submit the company’s Articles of Association and Memorandum of Association.
- Register your business with the Ministry of Commerce.
- Obtain a Corporate Tax ID from the Thai Revenue Department.
Step 4: Open a Business Bank Account
To operate legally, you must open a corporate bank account in Thailand.
Step 5: Apply for Work Permits and Visas
Foreign directors and employees need Non-B visas and work permits to legally work in Thailand.
Contact Us for Quote
For easy and seamless process, contact us to get a quote
Cost of Company Registration in Thailand for Foreigners
The total cost to open a company in Thailand varies based on factors such as business type, legal fees, and location. Since each business is unique, we recommend contacting us for a customized quote based on your specific needs.
How to Check Company Registration in Thailand
To verify a company’s legitimacy, visit the Department of Business Development (DBD) website and enter the company’s registration details.
Advantages of Company Registration in Thailand
Aside from Legal protection for business owners, Tax benefits for registered businesses and easier access to banking and financing, Opening a company in Thailand has other advantages.
Business-Friendly Policies – Thailand has a well-developed legal framework that supports both local and foreign investors.
Free Trade Agreements (FTAs) – Thailand has multiple FTAs with ASEAN countries, China, Australia, and India, reducing tariffs and trade restrictions.
Growing Consumer Market – With a population of over 70 million people and millions of tourists annually, Thailand provides a large customer base for businesses.
Modern Infrastructure – Thailand boasts well-developed transportation, logistics, and telecommunication networks, making it easier for businesses to operate efficiently.
Skilled Workforce – The country offers a highly skilled and cost-effective labor force, ideal for growing businesses.
Supportive Government Programs – Various tax incentives and investment benefits are available through the Board of Investment (BOI) and other agencies.
Access to Global Markets – Thailand’s international trade and export economy make it an ideal base for businesses looking to expand globally.
Attractive Lifestyle for Expats – Affordable living, great healthcare, and a high quality of life make Thailand an attractive destination for foreign entrepreneurs.
Innovation and Tech Hub – Thailand is investing in tech startups, digital transformation, and smart cities, creating opportunities for innovation-driven businesses.
Real Estate & Office Space Options – Wide availability of affordable office spaces, coworking hubs, and virtual office solutions makes it easier to start operations.
Can foreigners register a company in Thailand?
Yes, but they may require a Thai partner for majority ownership unless they qualify for BOI promotion.
How long does company registration in Thailand take?
The process generally takes 7 to 14 days, depending on the complexity of your application.
How much does it cost to register a company in Thailand?
The cost depends on various factors such as legal fees, registration type, and business structure. Contact us for a detailed consultation and quote.
Do I need a work permit to run my business in Thailand?
Yes, if you plan to actively manage the company, you will need a Non-B visa and a work permit.
How do I register a company in Thailand online?
You can contact us to get a quote and we will help you with the process based on your needs.