Thailand
Company registration
Full business freedom with minimal restrictions
Ideal jurisdiction for trading, manufacturing, IT,
and services
Ideal jurisdiction for trading, manufacturing, IT,
and services
Registration timeframe: 10–17 days
Registered legal address in Bangkok
Corporate account with a local bank
Thailand
Company registration
Full business freedom with minimal restrictions
Ideal jurisdiction for trading, manufacturing, IT,
and services
Ideal jurisdiction for trading, manufacturing, IT,
and services
Registration timeframe: 10–17 days
Registered legal address in Bangkok
Corporate account with a local bank
Request your personal consultation
Tell us about your goals
We will find the best solution for you
We will find the best solution for you
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Start your company in Thailand
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Company registration in Thailand
Fill out the simple form
We will contact you as soon as possible
We will contact you as soon as possible
Advantages of a Thailand company
Fast incorporation
- Company can be registered within 2–3 weeks
Bank account
- Opening an account at a local bank in 1-2 days
Strategic location
- Access to ASEAN markets and China from one central hub
Free currency flow
No major restrictions on foreign exchange transactions
Choose your plan
Incorporation
✔ Company name reservation
Registration of the Memorandum of Association
✔ Full company registration with DBD (Department of Business Development)
✔ Payment of all government fees
✔ Appointment of a director and signing of the founders' decision
✔ Issuance of share certificates
✔ Notarization of all founding documents
___________________________________
Corporate address
✔ Registered legal address for 1 year
✔ Opening a main account with a Thai bank (THB)
✔ Notifications upon receipt of correspondence
___________________________________
Foreign currency bank account
✔ Opening a corporate account with a bank in Thailand (USD/EUR)
✔ Company name reservation
Registration of the Memorandum of Association
✔ Full company registration with DBD (Department of Business Development)
✔ Payment of all government fees
✔ Appointment of a director and signing of the founders' decision
✔ Issuance of share certificates
✔ Notarization of all founding documents
___________________________________
Corporate address
✔ Registered legal address for 1 year
✔ Opening a main account with a Thai bank (THB)
✔ Notifications upon receipt of correspondence
___________________________________
Foreign currency bank account
✔ Opening a corporate account with a bank in Thailand (USD/EUR)
Incorporation
✔ Company name reservation
Registration of the Memorandum of Association
✔ Full company registration with DBD (Department of Business Development)
✔ Payment of all government fees
✔ Appointment of a director and signing of the founders' decision
✔ Issuance of share certificates
✔ Notarization of all founding documents
___________________________________
Corporate address
✔ Registered legal address for 1 year
✔ Opening a main account with a Thai bank (THB)
✔ Notifications upon receipt of correspondence
___________________________________
Foreign currency bank account
✔ Opening a corporate account with a bank in Thailand (USD/EUR)
✔ Company name reservation
Registration of the Memorandum of Association
✔ Full company registration with DBD (Department of Business Development)
✔ Payment of all government fees
✔ Appointment of a director and signing of the founders' decision
✔ Issuance of share certificates
✔ Notarization of all founding documents
___________________________________
Corporate address
✔ Registered legal address for 1 year
✔ Opening a main account with a Thai bank (THB)
✔ Notifications upon receipt of correspondence
___________________________________
Foreign currency bank account
✔ Opening a corporate account with a bank in Thailand (USD/EUR)
Incorporation
✔ Company name reservation
Registration of the Memorandum of Association
✔ Full company registration with DBD (Department of Business Development)
✔ Payment of all government fees
✔ Appointment of a director and signing of the founders' decision
✔ Issuance of share certificates
✔ Notarization of all founding documents
___________________________________
Corporate address
✔ Registered legal address for 1 year
✔ Opening a main account with a Thai bank (THB)
✔ Notifications upon receipt of correspondence
___________________________________
Foreign currency bank account
✔ Opening a corporate account with a bank in Thailand (USD/EUR)
✔ Company name reservation
Registration of the Memorandum of Association
✔ Full company registration with DBD (Department of Business Development)
✔ Payment of all government fees
✔ Appointment of a director and signing of the founders' decision
✔ Issuance of share certificates
✔ Notarization of all founding documents
___________________________________
Corporate address
✔ Registered legal address for 1 year
✔ Opening a main account with a Thai bank (THB)
✔ Notifications upon receipt of correspondence
___________________________________
Foreign currency bank account
✔ Opening a corporate account with a bank in Thailand (USD/EUR)
Frequently Asked Questions
Everything you need to know before launching your business in Thailand
At least two shareholders are legally required. Both individuals and legal entities can act as shareholders. Even if one person ultimately controls the company, two names must be listed during incorporation.
Only one director is required to manage the company. The director can be of any nationality and does not need to be a Thai citizen or resident.
There is no strict minimum capital to incorporate a Thai company. However, if you plan to employ foreign staff and sponsor work permits, the company should have at least 2 million THB registered capital per foreign employee. For companies not hiring foreigners, small nominal capital is acceptable.
Yes, a valid physical registered address in Thailand is mandatory for incorporation. P.O. boxes are not accepted. A virtual office or co-working space address can sometimes be used, depending on the intended business activity and future licensing needs.
The initial steps, like company name reservation and document preparation, can be done remotely. However, opening a bank account typically require your physical presence in Thailand.
The standard corporate tax rate in Thailand is 20 per cent on a company's net profit.
However, there are reduced rates for companies with small turnover:
Up to 300,000 THB - 0%
From 300,001 to 3,000,000 THB - 15%
Above 3,000,000 THB - 20%
Value Added Tax (VAT)
The VAT rate in Thailand is 7% (previously temporarily reduced in different years, but now it is 7% again).
Companies are required to register as VAT payers if:
- Their annual turnover exceeds THB 1,800,000;
- Or the company voluntarily registers for VAT resident status.
Withholding Tax on Dividends
When dividends are paid, the company withholds tax at the rate of 10% on the amount of dividends.
This tax applies to all recipients of dividends, both residents and non-residents.
However, there are reduced rates for companies with small turnover:
Up to 300,000 THB - 0%
From 300,001 to 3,000,000 THB - 15%
Above 3,000,000 THB - 20%
Value Added Tax (VAT)
The VAT rate in Thailand is 7% (previously temporarily reduced in different years, but now it is 7% again).
Companies are required to register as VAT payers if:
- Their annual turnover exceeds THB 1,800,000;
- Or the company voluntarily registers for VAT resident status.
Withholding Tax on Dividends
When dividends are paid, the company withholds tax at the rate of 10% on the amount of dividends.
This tax applies to all recipients of dividends, both residents and non-residents.
Jurisdiction overview: Thailand
Thailand is a promising Southeast Asian jurisdiction for company registration, suitable for businesses targeting both the domestic market and international trade. The country combines a growing economy, strong support for foreign investment, and direct access to ASEAN markets.
Company registration in Thailand allows operations in trade, manufacturing, logistics, e-commerce, tourism, and service industries. For foreign founders, several business models are available: the classic Thai Limited Company with Thai majority ownership, structures with increased foreign participation under an FBA license, as well as BOI-promoted projects supported by the Board of Investment, offering tax incentives and simplified operational regimes.
Thailand’s business environment is focused on the development of manufacturing and logistics projects, IT and technology companies, as well as regional headquarters. A reasonable tax framework, access to a qualified workforce, developed infrastructure, and flexible immigration solutions for business owners and key personnel make Thailand a convenient platform for scaling business across Asia.
Company registration in Thailand allows operations in trade, manufacturing, logistics, e-commerce, tourism, and service industries. For foreign founders, several business models are available: the classic Thai Limited Company with Thai majority ownership, structures with increased foreign participation under an FBA license, as well as BOI-promoted projects supported by the Board of Investment, offering tax incentives and simplified operational regimes.
Thailand’s business environment is focused on the development of manufacturing and logistics projects, IT and technology companies, as well as regional headquarters. A reasonable tax framework, access to a qualified workforce, developed infrastructure, and flexible immigration solutions for business owners and key personnel make Thailand a convenient platform for scaling business across Asia.
- Legal system: based on civil law, modernized in line with international business standards. Corporate matters are regulated by the Civil and Commercial Code and sector-specific regulations.
- Company structure: the standard corporate form is a Thai Limited Company (private limited company with share capital), suitable for trading, services, logistics, manufacturing, and online business activities.
- Foreign ownership: the basic structure allows up to 49% foreign shareholding without obtaining foreign company status. Where foreign ownership reaches 50% or more, the business becomes subject to restrictions and requirements under the Foreign Business Act (FBA). For certain activities, BOI incentives and licenses may apply.
- Taxation: the standard corporate income tax rate is 20% for companies exceeding the statutory profit threshold. Reduced tax rates may apply to small companies and under specific conditions. BOI-approved projects may benefit from tax holidays and reduced tax rates.
- Reporting and audit: annual financial statements are mandatory and must be audited by a licensed Thai auditor, with reports filed with the Department of Business Development (DBD) and the Revenue Department within statutory deadlines.
- Confidentiality: information on directors and shareholders is recorded in official public registers; however, ultimate ownership structures may be organized through holding companies in other jurisdictions.
- Regulators:
- Department of Business Development (DBD) – company registration and corporate supervision;
- Revenue Department – taxation;
- sector-specific regulators – for regulated industries (finance, logistics, education, and others).
A Thai Limited Company is the standard corporate structure used to register a business in Thailand for most types of commercial activities.
Who can act as a founder:
Who can act as a founder:
- Any individual or legal entity (citizenship and tax residency are generally not restricted, except for regulated business activities).
- A minimum of two shareholders (they may be foreign nationals; however, in most cases, to avoid restrictions under the Foreign Business Act (FBA), Thai shareholders must collectively hold at least 51% of the shares).
- A minimum of one director of any nationality; the director may also act as a shareholder.
- Registered legal address in Thailand (office or registered address is mandatory for incorporation and ongoing statutory filings).
- Share capital: there is no strict minimum statutory capital for a Thai company; however, for the issuance of work permits to foreign employees, a paid-up capital of THB 2,000,000 per work permit is typically required (THB 1,000,000 in the case of marriage to a Thai national).
- Opening a corporate bank account with a Thai bank.
- Compliance with KYC/AML procedures, including verification of identity, address, ownership structure, and source of funds for shareholders, directors, and beneficial owners.
- Where applicable, obtaining a Foreign Business Licence or BOI approval for activities involving increased foreign ownership or projects in priority sectors.
Corporate Income Tax (CIT)
- The standard corporate income tax rate in Thailand is 20%.
- For small and medium-sized enterprises with limited capital and turnover, preferential tax regimes may apply: profits up to certain thresholds may be taxed at reduced rates, in some cases as low as 15% on part of the taxable income.
- For projects approved by the Board of Investment (BOI), tax holidays, reduced tax rates, and other incentives may be available, significantly lowering the effective tax burden.
- For large multinational groups with global consolidated revenue exceeding EUR 750 million, the global minimum tax of 15% (top-up tax) applies, implemented from 2025 in line with the OECD initiative.
- The standard VAT rate in Thailand is 10%; however, in practice, a reduced rate of 7% has been applied for an extended period and is currently extended at least until September 2025. For certain periods, the effective VAT rate is 6.3%.
- VAT registration is mandatory once the statutory turnover threshold is reached or when engaging in specific types of regulated activities.
- Payments to foreign companies may be subject to withholding tax (WHT) at rates of 10–15%, depending on the type of income (dividends, interest, royalties, services) and the provisions of applicable double taxation treaties.
- Every registered company is required to prepare annual financial statements in accordance with Thai accounting standards.
- Financial statements are subject to mandatory audit by a licensed Thai auditor.
- Audited financial statements must be filed with the Department of Business Development (DBD), typically within five months after the end of the financial year, while the corporate income tax return must be submitted to the Revenue Department within 150 days.
- Failure to meet statutory filing deadlines may result in penalties and personal liability of directors.
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- +44 20 4577 2611
- info@finextwin.com
- 367-375 Queen's Road Central,
Sheung Wan, Hong Kong
Contact us
- +44 20 4577 2611
- info@finextwin.com
- 367-375 Queen's Road Central,
Sheung Wan, Hong Kong
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