Company Formation in Thailand

Get expert guidance on how to register a company in Thailand

Are you setting up a company in Thailand?

Thailand’s remarkable economic growth and investor-friendly environment make the country a prime destination for international investment. However, for multinational and international businesses, navigating the intricacies of company registration in Thailand can be daunting.

Narai Partners is here to help. We will guide you through the entire process of setting up a company in Thailand, from preparing documents and liaising with government authorities to obtaining the necessary permits and assisting with opening a corporate bank account. Our experienced team has a deep understanding of Thai law and practices, so we can effectively eliminate delays, overcome potential roadblocks, and get your business up and running quickly. This frees you to focus on your business goals, knowing your company formation in Thailand is in expert hands. Rest assured, your company will operate legally and seamlessly within the country’s regulations.

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Narai Partners offers comprehensive services pertaining to company registration in Thailand

We offer legal and tax support for all types of business structure options available to foreigners, including:
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Best for robust and scalable operations; an independent legal entity with limited liability for shareholders.

Ideal for larger investments; heavily incentivised by the Thailand Board of Investment (BOI) with tax breaks, 100% foreign ownership, and land ownership.

Suitable for collaborative ventures; features direct profit and risk sharing among partners.

Graded market presence options, with representative offices ideal for research and liaison, and regional/branch offices enabling broader operations.

How to register a company in Thailand

Many foreign businesses favour the Thai limited company structure because it allows them to engage in a wide range of activities, with shareholders’ liability conveniently limited to their unpaid shares, protecting personal assets. This builds trust and reliability, which is vital for attracting partners and investors. Plus, the separate legal entity status offers stability and longevity.
Compared to other business structures, a Thai limited company has a quicker and more affordable registration process:
1

Secure your company name

Start by reserving two to three desired names through the Department of Business Development’s (DBD) guidelines. Names must end with “Limited” and cannot conflict with existing companies. Name approval usually takes 1–3 days.

Identify key players

Your Thai limited company needs at least three promoters/shareholders (Thai or foreign) and one director. For mixed ownership, Thai shareholders’ bank statements must reflect sufficient funds for their shares. We’ll gather information such as IDs, addresses, and contact details for these individuals.
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3

File your memorandum of association (MOA)

Submit your MOA to the DBD. It should include your reserved name, company location, financial and business objectives, registered capital, and promoter names. All company shares must be paid at this stage. Though no minimum capital exists, aim for an amount that supports your business and, if needed, facilitates future visa and work permit applications for foreign employees (THB 2 million per foreigner). Engaging in certain foreign businesses may require prior cabinet approval.

Convene a statutory meeting

Gather key stakeholders for a statutory meeting to elect the board of directors and appoint an auditor.
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5

Register your company

Within 90 days of the statutory meeting, directors should officially register the company by submitting the application and associated fees.

Register for corporate income tax

All Thai companies require tax registration. Businesses liable for corporate income tax must obtain a tax ID card and registration number from the Revenue Department within 60 days of incorporation or starting operations. Businesses exceeding THB 600,000 in annual sales need to register for value-added tax within 30 days.
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Open a company bank account

Within 90 days of the statutory meeting, directors should officially register the company by submitting the application and associated fees.

Practice Areas

We provide legal and tax advisory and support in these practice areas:

Corporate & Commercial Law

Corporate & Commercial Law

Seamlessly establish and manage your business with services such as company, tax authority, and social security registration, commercial licensing, and corporate secretary compliance
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Employment and Labour

Employment and Labour

Ensure legal compliance and harmonious workplace relations with our comprehensive employment and labour law solutions
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Foreign Investment/Board of Investment (BOI)

Foreign Investment/Board of Investment (BOI)

Facilitate foreign investment by obtaining a Foreign Business License or leveraging BOI promotion opportunities
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Visas and Work Permits

Visas and Work Permits

Manage mobility for your international workforce with services including work permits, retirement visas, visas for Thai spouses and children, long-term visas, permanent residency, and citizenship support.
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Tax Law

Tax Law

Optimise your taxation strategy and ensure customs compliance with our expert guidance
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Intellectual Property

Intellectual Property

Protect intellectual property rights with our tailored legal strategies and advice
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View All Practice Areas

Trust Narai Partners for company formation in Thailand

Reach out to us today for a smooth and efficient company registration in Thailand. We are here to guide you every step of the way and to protect your interests.

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