Can foreigners hold 100%?

Yes in export-manufacturing, software, BOI-promoted activities. Restricted List 1–3 businesses need Foreign Business License (FBL) or 51% Thai structure.

How many Thai nationals required?

Minimum 2 shareholders. Foreign majority triggers FBL. Each work permit needs 4 Thai employees hired (waived under BOI / Smart Visa).

Can I open a bank account right after?

Yes — immediately after DBD issues the Company Affidavit. We escort to the bank and translate documents for the branch manager.

What are the annual costs?

Bookkeeping from THB 3,500/month + tax filing 8,000–15,000 + CPA audit 15,000–40,000 depending on size.

Thai Limited Company Registration

จดทะเบียนบริษัทจำกัด (ไทย) · § Formation

Quick Answer

Thai Limited Company from THB 15,000 + DBD fee THB 5,500 (THB 1M capital). We reserve the name, draft MOA/AOA, hold founders meeting, file, obtain TAX-ID, order corporate seal, and open the corporate bank account.

Timeline: Name reserve 1d · MOA + founders meeting 2–3d · DBD filing 1d · TAX-ID + bank 3–5d · Total 7–10 working days

Official fee: MOA reservation THB 500 + registration fee THB 5,500 (capital ≤ THB 1M) — add THB 500 per additional THB 1M, capped at THB 250,000

Legal Basis

Civil & Commercial Code Book III Title XXII (Partnerships & Companies), Department of Business Development (DBD) filing. Minimum 2 shareholders (2023 amendment reduced from 3).

Who Needs This

Thai SMEs, foreign entrepreneurs needing an entity for work permit, VAT, corporate bank account, or BOI / Smart Visa / LTR sponsorship.

Required Documents

Thai ID + house registration of all shareholders/directors
Passport + valid Thai visa (for foreign nationals)
Office lease + landlord's consent letter with title deed
List of business objectives (DBD 20 standard + custom)
Registered capital with paid-up ≥ 25%

Common Pitfalls

Capital too low (< THB 2M per foreign work permit) → no work permit
Overly broad objectives → Revenue Department may flag out-of-scope activity
Condo/gated-community address without juristic-person consent → DBD rejects
Foreign shareholding ≥ 50% → Foreign Business Act applies, FBL required

Typical Use-cases

SaaS / e-commerce startup that must issue tax invoices
Foreigner opening restaurant/spa (51% Thai required)
Holding company for other subsidiaries
Vehicle for BOI Investment Promotion / Smart Visa

FAQ

Can foreigners hold 100%?: Yes in export-manufacturing, software, BOI-promoted activities. Restricted List 1–3 businesses need Foreign Business License (FBL) or 51% Thai structure.
How many Thai nationals required?: Minimum 2 shareholders. Foreign majority triggers FBL. Each work permit needs 4 Thai employees hired (waived under BOI / Smart Visa).
Can I open a bank account right after?: Yes — immediately after DBD issues the Company Affidavit. We escort to the bank and translate documents for the branch manager.
What are the annual costs?: Bookkeeping from THB 3,500/month + tax filing 8,000–15,000 + CPA audit 15,000–40,000 depending on size.