Thailand Company Registration
Company registration in Thailand is a structured process primarily managed by the DBD under the Ministry of Commerce.
Get Free Consultation
Overview of Company Registration in Thailand
Company registration in Thailand is a structured process primarily managed by the DBD under the Ministry of Commerce. The core steps include reserving a company name, preparing incorporation documents like the MoA, holding a statutory meeting, and registering the company with the DBD.
Beyond the initial registration, businesses must also fulfill tax obligations by obtaining a Tax ID and registering for VAT with the Revenue Department. Additional steps involve opening a corporate bank account and registering with the Social Security Administration if employees are hired. Foreign ownership in certain sectors may require an FBL or a BOI promotion for greater flexibility and incentives.
Eligibility Criteria
Minimum Shareholders - At least 3 shareholders (can be a mix of Thai and Indian nationals).
Director Requirement - At least 1 director; can be Indian.
Ownership Structure - Max 49% foreign ownership in restricted sectors unless BOI-promoted or FBL granted.
Permitted Sectors - Unrestricted for Thai-majority companies; restricted sectors require special permission.
BOI Promotion - Eligible if investing in priority sectors (tech, R&D, green energy, etc.).
Minimum Capital Requirement - Typically THB 2 million for foreign-majority companies; may vary based on business type.
Work Permit Eligibility - Indian directors or employees can apply if the company meets capital and staffing requirements.
Land Ownership - Not allowed under normal company setup; only via BOI privileges or long-term lease.
Visa Options - Business Visa (Non-B), extendable to Work Visa upon company setup.
Restricted Activities - Some services, trading, and professional sectors are restricted under the Foreign Business Act (FBA).
Documents Required
Registration Process
Step 1: Reserving a Unique Company Name with the DBD
Your first task is to reserve a unique company name through the Department of Business Development (DBD) portal.
Step 2: Filing the Memorandum of Association (MOA)
After name approval, you must prepare and file the MOA with the DBD. This legal document includes:
Step 3: Holding a Statutory Meeting and Appointing Directors
After the MOA is approved, the promoters must convene a statutory meeting. This is a mandatory step and includes:
Step 4: Opening a Thai Bank Account and Depositing Capital
Next, you must open a corporate bank account in Thailand under the companys name.
Step 5: The Final Registration with the Ministry of Commerce
After fulfilling the previous steps, you submit the incorporation documents to the DBD for final approval. This includes:
Step 6: Registering for VAT and Corporate Income Tax
After incorporation, you must comply with Thailands tax regulations.
Fees & Charges
| Fee Component | Amount |
|---|---|
| Government Fees (DBD) | To reserve your desired company name with the Department of Business Development (DBD). |
| Memorandum of Association (MOA) Filing Fee | Calculated at THB 500 per THB 100,000 of registered capital, with a minimum of THB 500 and a maximum of THB 25,000. |
| Company Registration Fee (DBD) | Calculated at 0.05% of registered capital (for capital up to 500,000 THB), minimum THB 5,000. For higher capital, the rate may change, with a maximum of THB 100,000. |
| Statutory Meeting Registration Fee | No separate fee, but the minutes and documents are part of the main registration. |
| Licenses & Permits (Government) | No direct government fee for application, but professional assistance may incur costs. Required if projected annual turnover exceeds THB 1.8 million. |
| Corporate Tax ID Application | Automatically issued upon company registration. |
| Foreign Business License (FBL) (if applicable) | Required if your foreign-majority company operates in a restricted FBA List 2 or List 3 business and does not have a BOI promotion. The fee depends on the capital and the type of business. |
| BOI Application Fee | There are no government fees for applying for the BOI promotion. However, professional fees for preparing the extensive business plan are significant. |
| Work Permit Application Fee | Per person, per application/renewal. |
| Professional Fees (Consultants/Lawyers/Accountants) | This is the most significant cost. Includes drafting MOA/AOA, handling DBD submissions, liaison, and general advice. Highly variable based on complexity and firm reputation. |
| Accounting Setup Services | Initial setup of the accounting system. |
| BOI Application Assistance | For preparing the detailed business plan, financial projections, and representing you during the BOI application and interview process. It can be a substantial investment due to complexity. |
Key Advantages
1. Gateway to the ASEAN Economic Community
Strategic Location: Centrally placed in Southeast Asia, ideal for regional trade and logistics. Access to 600+ Million Consumers: Duty-free trade and smoother movement across ASEAN nations. Integrated Supply Chains: Strong infrastructure supports regional and global trade. Free Trade Agreements: Enh
2. Thriving Economy & Strong India–Thailand Business Corridor
Diversified Economy: Balanced growth across manufacturing, tourism, agriculture, and services. Robust India–Thailand Ties: Strengthening trade and investment through bilateral agreements. Established Indian Community: A supportive network of Indian businesses already operating in Thailand. Favorable
3. Pro-Investment Policies & Government Support
BOI Incentives: Tax breaks, import duty exemptions, and full foreign ownership in key sectors. Ease of Doing Business: Streamlined registration, visa, and ownership processes. Targeted Sector Support: Focused benefits for tech, EVs, digital services, and renewables. Reform-Driven Environment: Transp
4. Diverse Business Opportunities Beyond Tourism
Global Tourism Appeal: Over 30 million tourists annually create massive business potential. Service Sector Boom: Urban growth drives demand in fintech, healthcare, education, and logistics. Manufacturing Strength: Leading hub for autos, electronics, and medical equipment. Innovation Push: Thailand 4
5. Cost-Effective Business Ecosystem
Lower Operational Costs: Competitive labor and property costs vs. regional peers. Skilled Workforce: An Educated talent pool ensures high productivity. Robust Infrastructure: World-class ports, roads, and industrial zones cut logistics costs. Startup-Friendly: Low entry barriers and strong SME suppo
Frequently Asked Questions
Why Choose Us?
Expert Professionals Team
Qualified Chartered Accountants and Company Secretaries handle your filing.
Fast Processing
Quick turnaround with dedicated support at every step.
Transparent Pricing
No hidden charges. Know exactly what you pay for.
100% Data Security
Your documents and data are encrypted and confidential.
Trusted by Thousands
Thousands of businesses registered successfully.
24/7 Support
Dedicated relationship manager and customer support.