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Thailand Company Registration

Starting a new company is a really big deal both emotionally and financially. Interloop Solutions & Consultancy can make it simple. Formation, EIN, legal documents. We handle everything.

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COMPANY REGISTRATION

For registering a Thai Limited Liability Company (LLC) with at least 51% of Thai shareholder, the procedure is as a follows:

  1. Company name reservation at Department of Business Development, the approval period is 1-3 days. (Please give us three (3) options for name reservation)
  2. Filing the Memorandum of Association,
    • Company’s name (the same as the name reserved).
    • Location of head office.
    • Objective(s) of the company.
    • Registered capital must be divided into each share with the same value (share value of each share must be at least 5 Baht with no upper limit on share value).   
    • Name, address, age, occupation and number of shares held by each shareholder.
    • Name and address of 2 witness.
  3. After registration of the Memorandum, a statutory meeting must be held by all promoters. The main meeting agendas are as follows:
    • The adoption of the regulations of the company, if any.
    • The fixing of the total amount of shares or number of ordinary/preferences shares, if any. (Minimum of 3 shareholders)
    • The appointment of the first director(s) and auditor. Minimum of one (1) director is required to be appointed regardless of nationality.
  4. The director(s) shall ensure that not less than twenty-five percent of the share’s value is duly paid up by the shareholders.
  5. When the collection of share’s price is complete, the authorized director shall prepare the request for the registration of company’s establishment and submit to the registrar.

A generic Thai company does not have a minimum requirement for registered capital. However, in case of hiring a foreign employee, company need to have at least 2 million Baht paid-up capital for each foreigner.

When the collection of share’s price is complete, the authorized director shall prepare the request for the registration of company’s establishment and submit to the registrar within 3 months from the date of company statutory meeting.

The entire process will be done within three (3) working days after all documents are duly signed and prepared.

Application Process

Director Requirement (s)

There is no regulation on director’s nationality, but at least one (1) director is required for company registration. Business Visa (Non-B) and Work permit are not required for foreign director doing activities according to the Notification of Activities Not Considered Work under the Foreign Workers Act, B.E. 2551 (2008), the activities are as follows:

The foreign directors shall not receive any remunerations, or else they are subjected to apply for Business Visa (Non-B) and Work permit.

Hiring Foreign Employees Requirement (s)

The basic requirement for hiring foreign employees are as follows:

Foreign Business License (FBL)

In order to have 100% or Majority Foreign Business Ownership, the company must apply for a permission to operate a business under the Foreign Business Act BE.2542 (1999)

Business List 1​

Business that an alien is not allowed to perform with special reasons.

Business List 2

Businesses involving with national safety and security and affecting art and culture, custom and tradition, local crafts or natural resources and environment.

Business List 3

Business that Thai people do not have prompt operating abilities to compete with aliens.

Board of Investment Promotion (BOI)

The Thailand Board of Investment is the body in charge of attracting more foreign investment into Thailand. Any company incorporated in Thailand can enjoy a whole host of benefits from being certified as a “BOI Promoted Company”. To be eligible for the investment promotion by the Board of Investment Thailand, your business should be fall within their list of promoted activities.

Up to 8-years Corporate Tax Holiday​

Up to 100% Foreign Ownership

Streamlined Work Permit Applications

Ability to Own Land​​

Exemption of Import Duties on Raw Materials Used in R&D​

Tax Waiver on Importation of Machinery​​​

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Get in touch

ThailanD

Level 3, Prasert Sutt Building 360 Sanambinnam Nonthaburi Road,
Bang Krasor, Mueang Nonthaburi,
Nonthaburi 11000 Thailand

Singapore

#23-05. International Plaza, 10 Anson Rd, Singapore 079903

Contact Us

TH Phone : +66 (0) 97 106 9113
SG Phone : +65 9102 0303
Office Phone : +66 (0) 2 007 0971
Email : enquiry@inlps.com
Line@ ID : @inlps

Our Hours

MON-FRI : 09:00 – 18:00

Get in touch

Contact Us

TH Phone : +66 (0) 97 106 9113
SG Phone : +65 9102 0303
Office Phone : +66 (0) 2 007 0971
Email : enquiry@inlps.com
Line@ ID : @inlps

Our Hours

MON-FRI : 09:00 – 18:00

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Thailand Office

Level 3, Prasert Sutt Building 360 Sanambinnam Nonthaburi Road,
Bang Krasor, Mueang Nonthaburi, Nonthaburi 11000 Thailand

Singapore Office

#23-05. International Plaza, 10 Anson Rd, Singapore 079903

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