此文章还有以下语言版本： 简体中文 (Chinese (Simplified))

A Complete Guide to Set Up a Company in Thailand

Why Should You Set Up a Company in Thailand?

Thailand is a friendly country which is visited numerous foreigners every year for vacation. To set up a company in Thailand, you need to dedicate yourself for a few years in business to earn huge profits. Before setting up a company in Thailand, you should do your research study to understand the classification of a business entity, legal procedures and the relevant authorities involved in the business registration process.

Classification of Business Entities in Thailand

There are different types of business entities in Thailand, but the most popular one is the limited company.

1. Limited Company: The business must have three promoters which can be the shareholders of the company, one director, one auditor. The foreign ownership of this business is 49% of the shares. To register as a limited company, you must divide the capital funds into
   shares, and the first payment of the share shouldn’t be less than 25% of the total amount.
2. Board of Investment (BOI): This type of business entity gives 100% ownership to you. The benefits of choosing this business type are exempt from tax, work permit support, and visa support. Registering a company as BOI is a time-consuming process which may take up to two months.
3. Sole Proprietorship: The owner of the person is a single man who also carries out all the operations of the business.

 

How to Set Up a Company in Thailand?

To set up a company in Thailand, one needs to register the business with the Department of Business Development which comes under the Ministry of Commerce. You need to submit the application form along with relevant documents with DBD.

Setting up a company as a Sole proprietorship and other Partnership is quite easy, but limited company registration requires a few additional steps. The limited company registration involves registration of the unique company name as per the guidelines of DBD. After which the applicant needs to conduct a statutory meeting for registration of the company and then to submit all the documents along with registration of memorandum of association. These procedural steps must be completed within the time limit set by DBD.

To set up a company in Thailand is an easy task but not many businesses flourish! This is because they do not research the business they want to do and the niche they should invest in. Before setting up a company in Thailand, do your complete market research. Find a genuine Thai partner for your business as a local person is better equipped at handling the local authorities and local services such as cleaners and contractors.

For more details, please contact us.