There are various types of business entities which investors can set up in Thailand, with Company Limited
being the most popular. The procedures below involved with starting a business,
using setting up of a Company Limited as an example.
Process, Time and Fees in Registering a Business:
1) Reserve the Company Name
- Register an Account (One of the Founders)
- Search and Reserve the Company Name
- Print out the Notice of Reservation
2) Deposit Paid-In Capital
- At least 3 founders / promoters submit the Memorandum of Association
- Buy all shares to issue the authorized capital
- Convene a statutory meeting
- Promoters transfer the business to the directors
- The directors call upon subscribers to pay for the shares
3) Register the Company
- Register the Company
- Obtain Taxpayer Identification Number
- Register New Business
- Submit Company Work Regulations (if any)
(when hiring 10 or more employees)
For more information: Thailand Board of Investment: Registering a Business
For Other Types of Business Entity
- Sole Proprietorship
The owner is solely responsible for the business with unlimited liability
- Ordinary Partnership
2 or more partners are jointly and wholly liable for all obligations of the partnership
- Limited Partnership
2 or more partners with at least 1 partner whose liability is limited to the amount of capital contributed,
and at least 1 being unlimitedly liable for all obligations of the partnership
- Company Limited
At least 3 promoters with their liability being limited to the amount they invested in the company
- Public Company Limited
At least 15 promoters with Limited liability whose shares may be freely sold and traded to the public
- Branch Office
Foreign companies may carry out certain business in Thailand through a branch office and may derive income
- Representative Office and Regional Operating Headquarter (ROH)
Foreign companies may set up a representative or regional office for limited business purposes
and cannot render services to any person other than its head office or affiliated / group companie
Download image: Registration Procedures for Other Types of Entity
