Thailand Company Incorporation

Business Services

How to set a Thailand company incorporation?

There are 3 company venture structures available- Find out which one works for you. Each venture structure presents unique opportunities and considerations, shaping the trajectory of your entrepreneurial journey to make an informed decision about establishing your company in Thailand.

  1. Thai Limited Company: Offering a versatile private limited structure, with a minimum of three shareholders and a board of directors.
  2. Thai Partnership: Tailored for collaborative ventures, managed by a minimum of two individuals.
  3. Thai Representative Office: Facilitating international trade for overseas entities venturing into Thailand.
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Key things to consider before registering a company incorporation

Thai companies require a 51% Thai-ownership.

Additional Information:

  1. Company Name Approval: In Thailand, company names must be unique and approved by the Department of Business Development (DBD). Certain words and phrases may be restricted or prohibited.
  2. Formation Documents: The specific documents required for company formation in Thailand may include Memorandum of Association, Articles of Association, and other relevant forms, depending on the type of business entity being formed.
  3. Minimum Capital Requirements: Some types of business entities in Thailand may have minimum capital requirements that must be met at the time of incorporation.
  4. Foreign Ownership Restrictions: Certain business activities in Thailand may be restricted or prohibited for foreign investors. Understanding the Foreign Business Act and obtaining necessary permits or licenses may be required for foreign-owned companies.
  5. Registered Office Address: A registered office address in Thailand is required for company registration purposes.
  6. Tax Registration: After incorporation, companies in Thailand must register for tax purposes with the Revenue Department and obtain a tax identification number (TIN).
  7. Shareholder and Director Requirements: The number of shareholders and directors required for company incorporation in Thailand may vary depending on the type of business entity.
  8. Compliance with Ongoing Requirements: Companies in Thailand must comply with ongoing reporting and compliance requirements, such as filing annual financial statements, holding annual general meetings, and maintaining updated company records.

FAQ

What types of company structures are available for incorporation in Thailand?

Thailand offers several company structures for incorporation, including the Thai Limited Company, Thai Partnership, and Thai Representative Office. Each structure has its own characteristics and suitability for different business needs.

When selecting a company structure for incorporation in Thailand, it’s important to consider factors such as ownership requirements, management structure, liability, tax implications, and the nature of your business activities. Evaluating these factors will help you choose the most suitable structure for your business goals.

The process of incorporating a company in Thailand typically involves steps such as reserving a company name, preparing incorporation documents, obtaining approval from relevant authorities, and registering the company. Understanding and following these steps are essential for a successful incorporation process.

Companies incorporated in Thailand are required to fulfill various ongoing compliance obligations, including filing annual financial statements, holding annual general meetings, maintaining updated company records, and complying with relevant laws and regulations. Staying compliant with these requirements is crucial for the continued operation of your Thai company.

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