company registration (1)
Practice Areas
Company Registration

Company Registration in Thailand

At Juslaws & Consult, we have extensive experience and expertise to facilitate and assist in company setup for businesses of all sizes to develop and grow from beginning to end.

Above all, we are able setup and register the best business solutions for your company in Thailand.

Moreover, we also advise and facilitate foreign Companies in registering their new company formation by opening a company, representative office, regional branch, or acquiring assets in Thailand.

The process of company registration in Thailand usually takes around 3-5 business days.

Our firm is amongst the highest-ranking firms in Thai legal directories for our work in business registration and company setup in Thailand.

What are the Business Registration Options in Thailand?

Thailand offers great business potential for foreigners to start a business and set up a company and for foreign investors to invest due to its strategic location.

Steady economic growth, ample natural resources, dynamic consumer market and strong exports makes Thailand the perfect place for foreigners to conduct businesses in Thailand and for foreign company formation.

The Foreign Business Act (FBA) governs the company formation, company registration and business operation of foreigners in Thailand.

The options we offer:

Registering a business and opening a company in Thailand can be difficult and challenging for those who are unfamiliar with Thai laws and legal practices.

Fortunately, with our broad practice and extensive experience in handling highly complex corporate matters for our international clients, setting up a company in Thailand can be done in smooth and seamless manner.

In Thailand, a wide variety of business structures are available to foreigners. For company formation in Thailand, the legal form of a business can be:

Can foreigners own (hold shares) a business in Thailand?

Yes they can:

Thailand government provides ample of strong government support, sufficient infrastructure, efficient work force and a wide range of new government incentives from tax allowances to easier access Thai visa and Thai work permit for foreigners who wish to setup a business and register a company in Thailand.

Even better, the Thai government Board of Investment (BOI) actively encourage foreigners to make foreign investment in Thailand.

At Juslaws & Consult, we will assist our international clients in choosing the most optimum business structure and facilitate in company formation and registration required for business setup in Thailand.

To top it off, we offer the following several types of 100% foreign ownership companies in Thailand:

  • BOI – Board of Investment Company
    Companies in Thailand that obtained approval from the BOI are exempted from obtaining Foreign Business License (FBL). BOI companies in Thailand may benefit from a smooth and fast track procedures as well as benefit from tax incentives, reduced or waived custom duties on certain imported materials and equipment, and sponsorship for Thai work permits for skilled foreign employees.
  • US Treaty of Amity for US Citizens
    American citizens can exercise 100% foreign ownership of a company in Thailand by utilizing the Treaty of Amity agreement.
  • Foreign Business License
    To obtain Foreign Business License (FBL) in Thailand, a company may make an application for 100% foreign ownership by demonstrating a benefit to the Kingdom of Thailand through technical and knowledge transfer, investment and employment factors.
  • Thailand Export Company
    A company registered in Thailand to EXPORT ONLY with 100% of the revenues realized from outside Thailand is eligible for 100% foreign ownership.
  • Thailand Manufacturing Company
    A company registered in Thailand to MANUFACTURE FOR EXPORT ONLY with all revenues generated from outside Thailand is eligible for 100% foreign ownership.
  • Thailand Hotel Management Company
    A company registered in Thailand as HOTEL MANAGEMENT ONLY is eligible for 100% foreign ownership.
  • Representative Office, Regional Operating Headquarters & Branch Office
    A representative office in Thailand can be 100% foreign owned however, it is limited in engaging in non-profit activities. A foreign enterprise can establish a regional office in Thailand which is 100% foreign owned in order to own and supervise group subsidiaries in Asia. A multinational company can establish a branch office in Thailand which can be 100% foreign owned. Corporate registrations for foreign registered companies are possible with each carrying specific restrictions on operations and profit or revenue generations.

Thai limited company

In setting up a new business in Thailand, Thai Limited Company is the most favorable and preferable type mainly because it is structured to protect investment and it strongly support Foreign Work Permits.

Thai limited companies are divided into two types, i.e., Private Limited Company and Public Limited Company. The first is governed by the Thailand Civil and Commercial Code and the second is governed by the Thailand Public Company Act.

To begin the process, Thai Limited Company can be formed through registration of a Memorandum of Association (Articles of Incorporation) and Articles of Association as its constitutive documents which must be registered with the Thai Ministry of Commerce.

Click here to see more details of a Thai Limited Company

  • Pros and Cons of a Thai Limited Company
  • Setting up a Thai Limited Company

Company registration steps in Thailand

STEP 1: COMPANY NAME RESERVATION

The name reservation guidelines provided by the Department of Business Development (DBD) in the Ministry of Commerce should be observed in reserving companies name.

STEP 2: FILING OF MEMORANDUM OF ASSOCIATION

A Memorandum of Association (MOA) must be filed to the Department of Business Development (DBD) in the Ministry of Commerce and must include the name of the company that has been successfully reserved, the province where the company will be located, its business objectives, the capital to be registered, and the names of the promoters. Although no minimum capital requirements have been set up, the amount of the capital should be adequate and reasonable enough for the intended business operation.

STEP 3: CONVENE A STATUTORY MEETING

A statutory meeting is convened to make all the appointments once the share structure for the company has been defined, the Memorandum of Association and the Articles of Association are approved, the Board of Directors is elected and an Auditor appointed.

STEP 4: REGISTRATION

The Company Directors must submit the application to establish the company within 3-months of the date of the Statutory Meeting, together with Company registration fees.

STEP 5: TAX REGISTRATION

All companies in Thailand must be registered for tax purposes. Businesses liable for Corporate Income Tax (CIT) must obtain a Tax I.D. card and registration number for the company from Thailand Revenue Department within 60 days of incorporation or the start of business operations. Business operators liable for Value Added Tax (VAT) must also register for VAT within 30 days of the date they reach THB 600,000 in sales.

STEP 6: OPENING A COMPANY BANK ACCOUNT

Companies can open a corporate bank account in Thailand after it has been officially registered. Which bank and branch, what type of account the company require, and who will sign are some of the information needed to open a company bank account.

Our supporting services for company setups in Thailand

  • Social Security Fund
  • Visa Application for Foreigners
  • Visa Extension for Foreigners
  • Work Permit Application for Foreigners
  • Corporate Secretarial Services
  • Accounting and Auditing Services
  • Immigration Services

GET INQUIRY

Christian Moser
Partner

christian.moser@juslaws.com

+6622544117


Koravee Buranayoughkul
Senior Lawyer

koravee@juslaws.com

+66 2254 4117


Suthida Tanphetthongkul
Associate

suthida@juslaws.com

+66 2254 4117