Thailand

Registering a company in Thailand offers an attractive environment for foreign investors thanks to the country’s economic stability and investment incentives.

Company Registration in Thailand

Registering a company in Thailand is governed by the Civil and Commercial Code (CCC), the Foreign Business Act B.E. 2542 (1999), and the regulations of the Department of Business Development (DBD) under the Ministry of Commerce. These laws define the possible legal structures (Limited Company, Partnership, Branch, Representative Office, etc.) as well as the requirements applicable to Thai and foreign investors.
Foreign investors must obtain a Foreign Business License (FBL) for specific business activities, unless exempted under a Board of Investment (BOI) promotion or an applicable international treaty such as the US Treaty of Amity.

Why Register a Company in Thailand?

Registering a company in Thailand offers several key benefits:

  • Legal compliance: Only registered companies can sign contracts, open business bank accounts, and employ staff.
  • Shareholder protection: In a limited company, liability is limited to the amount of invested capital.
  • Tax incentives and Board of Investment privileges for priority sectors, including technology, export, and digital industries.
  • Simplified visa and work permit applications for foreign directors and employees.
  • Enhanced credibility with partners, clients, and regulatory authorities.

How to Register a Company in Thailand?

  1. Choose the appropriate company structure and reserve the company name with the Department of Business Development.
  2. Prepare the Memorandum of Association and submit all required documents, including shareholder details, registered address, capital, and company objectives.
  3. Hold the statutory meeting and complete registration with the Department of Business Development.
  4. Obtain a Tax ID from the Revenue Department and register for VAT if applicable.
  5. Open a corporate bank account and deposit the required minimum capital, if applicable.
  6. Register with the Social Security Office (SSO) for employee coverage.

Summary

Registering a company in Thailand is essential for legal business operations. The process typically takes 5 to 10 business days and requires a thorough understanding of local regulations, particularly for foreign investors under the Foreign Business Act. Contact Benoit & Partners today to ensure legal compliance, optimal investment structuring, and efficient administration for your business in Thailand.