Thailand Company
Thailand: 100% foreign ownership allowed in promoted sectors via BOI, 20% corporate tax on first THB 3m, 2 million THB (≈ USD 60k) minimum capital, 1-week fast-track, strategic ASEAN location, low labor cost, generous investment incentives.
Registration Requirements
1. Shareholder Structure 💒🌞
According to the Thai Civil and Commercial Code, a limited liability company requires at least two natural person shareholders as promoters.
If all shareholders are foreigners of the same nationality, it can be registered as a general limited company without capital verification.
If the industry involves restrictions under the Foreign Investment Act, the foreign shareholding ratio cannot exceed 49%.
If wholly foreign-owned, a BOI Investment Promotion Agency or Foreign Business License (FBL) must be applied for.
2. Registered Capital 💎💍
The minimum registered capital is 1 million Thai Baht.
For work visa applications for foreign employees, a registered capital requirement of 2 million Thai Baht per employee is required.
When the capital does not exceed 5 million Thai Baht, capital verification is usually not required; only a commitment to contribute capital is needed.3. Company Name
> Pre-approval from DBD is required. Three alternative names can be submitted.
> The name must be in English or Thai and cannot be the same as any already registered company.
> Name approval is valid for 30 days.
4. Registered Address 🐶🏠
> Must be a legal address in Thailand (owned or leased).
> Startups may use approved shared offices.
> Some industries (such as manufacturing and food service) require a physical office location.
5. Scope of Business ⏰🐷✈️ It is recommended to cover the main and potential business (such as trading, consulting, etc.) as much as possible to facilitate future expansion and avoid repeated amendments to the articles of association.
Registration Process
Step 1: Name Pre-approval
Submit alternative names to DBD and obtain approval.
Step 2: Document Preparation
> Foreign shareholders/directors: Passport copy.
> Thai shareholders: ID card copy.
> Proof of registered address (e.g., lease agreement).
Step 3: Registration Submission
> Submit the formal application to DBD after all documents are complete.
> Approval takes approximately 3-5 business days; upon approval, a certificate of incorporation will be issued.Step 4: Tax Registration
> If your annual turnover is expected to exceed 1.8 million Thai Baht or you are a trading company, you need to register for Value Added Tax (VAT).
> After registration, you must make monthly/semi-annual prepayments and an annual audit in accordance with the law.
Step 5: Bank Account Opening and Social Security
> You can open a company bank account approximately 15 days after registration.
> After hiring employees, you must register for social security in the following month.
Registration Fee
DBD Official Fee: 14,000 THB
Agency Service Fee: 36,000 THB
Bank Account Opening Fee: 16,000 THB (Requires legal representative's presence)
Nominal Shareholder Service: 40,000 THB/person/year (Example: Three people holding 51%)
VAT Registration: 20,000 THB
Social Security Registration: 20,000 THB
Address Registration: 158,360 THB/year (Shared office, including deposit, can be used for registration) 🔑Total: Approximately 384,360 Thai Baht (approximately 11,769 USD) 🔥🌈🌞