VAT + Tax ID + Corporate Bank Account Setup
จด VAT + Tax ID + เปิดบัญชีธนาคาร · § Tax
Quick Answer
Package THB 8,000 — TAX-ID (3 days), VAT Por.Por.01 (7 days), corporate bank account at Kasikorn/SCB/BBL (3 days), plus e-Filing + e-Tax Invoice setup.
Timeline: TAX-ID 3d · VAT 7d · Bank 3–5d · e-Filing 1d · Total 10–14 working days
Official fee: No government fees (photocopying ~THB 500 only)
Legal Basis
Revenue Code Section 77/1 (VAT registration when revenue > THB 1.8M/year or voluntary) · Section 3 tridecies (Tax ID) · Anti-Money Laundering Act B.E. 2542 (bank KYC).
Who Needs This
Newly-registered companies, businesses over the revenue threshold, exporters seeking VAT refunds, or firms needing to issue tax invoices.
Required Documents
- DBD affidavit (< 30 days old)
- Por.Por.01 + Por.Por.09 (District Revenue Office)
- Office location map + photo of company signage
- Lease agreement + landlord's ID copy
- Power of Attorney (if we file on your behalf)
Common Pitfalls
- No company signage on premises → Revenue inspector rejects
- Registering VAT prematurely → mandatory monthly Por.Por.30 filings even at zero revenue
- Banks require all directors present (foreigners need consul-legalized POA)
- Skipping e-Tax Invoice → large / BOI / state customers refuse invoices
Typical Use-cases
- Startups fresh from DBD registration
- Exporters claiming 7% VAT refunds monthly
- Online sellers crossing the THB 1.8M threshold
- Foreign representative offices
FAQ
- Can I deregister VAT?
- Yes via Por.Por.08 if revenue is below threshold for 3 consecutive years, but you lose the right to reclaim input VAT on previously purchased assets.
- Which bank is easiest for foreigners?
- Kasikorn PRO (English-speaking RM), SCB First, Bangkok Bank Silom (foreigner desk), or UOB for Singaporean clients.
- Is e-Tax Invoice mandatory?
- Not universally yet, but revenue > THB 30M/year must e-file. Full mandate expected by 2027.
- Fees for incoming foreign wires?
- SWIFT THB 500–1,500 per transfer, plus FX Form (Bor.Tor.3) required for inflows ≥ USD 50,000.
Other Company & Licensing Services
Request a quote — Call 083-2494999 · LINE @NYC168 · contact@nyclegal.co.th
Knowledge bases behind every service
7 knowledge bases, 4,882 keywords and 3,057 answered questions written by our lawyers and translators. Free to read, no sign-up.
- Master Service Hub — every service we file
The cross-service index: certified translation, interpreting, visa/work permit/BOI, tax-legal-estate, cross-border M&A, aviation & maritime, and holding-company structuring.
Scoped quote after a free consultation by phone, LINE or email
1,000 keywords · 649 questions · 10 clusters
- Certified translation — every language
Certified translation across civil, academic, corporate, contractual, financial, medical, technical and IP documents — with the Notary → MFA → embassy legalization chain handled end to end.
Thai–English THB 500–1,200/page · other languages THB 800–2,500/page
1,000 keywords · 500 questions · 16 clusters
- Thai MFA consular legalization
Thai MFA legalization workflow: fees, turnaround, inbound foreign documents, and how the chain connects to destination-country apostille requirements.
THB 200/stamp (3 working days) · express THB 400/stamp
882 keywords · 500 questions · 16 clusters
Official sources — company registration & BOI
The information on this page follows the official sources below. Always check the latest version before you file.
- กรมพัฒนาธุรกิจการค้า — จดทะเบียนนิติบุคคล— Department of Business Development
- สำนักงานคณะกรรมการส่งเสริมการลงทุน (BOI) / LTR Visa— Thailand Board of Investment
- กรมสรรพากร — ประมวลรัษฎากร ภาษีเงินได้ VAT— Revenue Department
- สำนักงานคณะกรรมการคุ้มครองข้อมูลส่วนบุคคล (PDPA)— PDPC Thailand
- สำนักงานคณะกรรมการกฤษฎีกา — ฐานข้อมูลกฎหมายไทย— Office of the Council of State
Related services
Most document work runs across several steps — jump straight to the next one you need.
For an exact quote and turnaround, call, LINE or email our team on any business day.
Expert reviewed: This page is written and checked by practitioners with 15+ years of hands-on filing experience, sourced from the responsible authorities and signed off by a second reviewer before publication — meet the team · editorial policy
Not sure which service you need? Read the guides
Each guide answers first, then explains: decision criteria, comparison tables, the real process and the mistakes we see most often.
- Choosing a certified translation provider
How to pick a translator accepted by consular, embassy and receiving bodies
- Services for expats living in Thailand
Signature certification, residence, marriage and everyday paperwork
- Notary Public and consular legalization
The correct order of steps before sending documents abroad
- Choosing the right visa and work permit
Compare visa categories and the documents each one needs translated
- Translation by language
English, Chinese, Japanese, European, Arabic, Russian and embassy rules
- Specialized translation
Contracts, financial statements, MSDS, ISO and BOI filings
Talk to us first: 083-2494999 · LINE @NYC168 · contact@nyclegal.co.th
Frequently asked questions
- Can a foreigner own 100% of a Thai company?
- Generally no for activities listed in the Foreign Business Act, where majority foreign ownership requires a Foreign Business Licence, a BOI promotion, or treaty rights such as the US–Thailand Treaty of Amity. Manufacturing and certain export activities are largely open, and BOI-promoted activities can permit full foreign ownership together with land-holding and visa privileges, so the right structure depends on the specific activity.
- What is the minimum registered capital for a Thai company?
- There is no general statutory minimum for a Thai-majority company, but practical thresholds apply: THB 2 million of paid-up registered capital per foreign work permit, or THB 1 million if the foreigner is married to a Thai national, and THB 3 million per foreign shareholder for a Foreign Business Licence. Capital should therefore be planned around the visa and work-permit outcome you need, not the incorporation minimum.
- How long does company registration take?
- Registration at the Department of Business Development can be completed within one to three working days once the name reservation, shareholder documents and company objectives are ready, and the VAT registration and social security registration follow afterwards. The realistic end-to-end timeline including bank account opening is two to six weeks, with the bank account usually being the slowest step for foreign directors.
- What ongoing accounting obligations does a Thai company have?
- Every Thai company must keep statutory accounts, file monthly withholding tax (PND 1, 3, 53) and VAT (PP 30) returns by the middle of the following month, file the half-year corporate income tax return (PND 51) and the annual return (PND 50), and have its financial statements audited by a Thai CPA and filed with the DBD each year. Dormant companies are not exempt — nil returns and an audited statement are still required.