Insurance Broker License Application (OIC Thailand)
ขอใบอนุญาตนายหน้าประกันภัย (OIC) — นิติบุคคล/บุคคลธรรมดา · § Advisory
What to know before you act
A corporate insurance broker in Thailand needs an OIC licence before soliciting business. Applicants prepare a transparent shareholding, fit-and-proper directors, individually licensed staff, a complaints process and AML controls. Capital and security requirements follow the notification in force on the filing date. We structure the company, vet directors, draft operating manuals and handle regulator queries.
Timing and external dependencies: Preparation takes several weeks; review time depends on completeness and OIC queries.
Official fee: Licence fees follow ministerial regulations — confirm current rates with the OIC.
Timing is not a promise of an outcome or hearing date. Check the notice, limitation period and current authority rules for your matter.
What to send for the first review
Send every relevant page, a dated sequence of events, any hearing or filing deadline, and the outcome you need. This lets counsel identify urgent steps, missing evidence and a precise scope of work.
- Company affidavit + audited financials + BOI cert (if any)
- Directors' registry + CVs + criminal record < 6 months + Fit & Proper questionnaire
- Bank Guarantee per OIC schedule
Legal Basis
Non-Life Insurance Act B.E. 2535 and Life Insurance Act B.E. 2535 (amended 2551/2558) · OIC Notifications on Broker Licensing (Nor.Bor.1/2/3) · minimum paid-up capital the statutory threshold (non-life) / the statutory threshold (life) · surety the official rate by premium size · Fit & Proper for directors and MLRO.
📚 Official sources — check the current law and procedure before acting
- กรมที่ดิน— Department of Lands
- สำนักงานคณะกรรมการกำกับและส่งเสริมการประกอบธุรกิจประกันภัย (คปภ.)— Office of Insurance Commission
- สำนักงานคณะกรรมการกฤษฎีกา — ตัวบทกฎหมายฉบับทางการ— Office of the Council of State
Who Needs This
InsurTech startups, IFA firms cross-selling insurance, digital broker platforms, corporate brokers for group health / marine cargo, foreign MGAs entering Thailand.
Required Documents
- Company affidavit + audited financials + BOI cert (if any)
- Directors' registry + CVs + criminal record < 6 months + Fit & Proper questionnaire
- Bank Guarantee per OIC schedule
- Org chart + AML/KYC policy + MLRO appointment
- 3-year business plan + product line-up + insurer MOU
- IT/PDPA policy · complaint handling · TCF manual.
Common Pitfalls
- Foreign shareholding above permitted limits without prior checks
- Marketing before the licence is granted
- Directors failing fit-and-proper tests over undisclosed history
Typical Use-cases
- Fintech launched MGA · Nor.Bor.3 · sold digital motor + health via API · Year-1 GWP the statutory threshold.
- IFA firm added Nor.Bor.2 · cross-sold unit-linked · commission (มีค่าเร่งด่วน สอบถาม) YoY.
- Singapore MGA · Thai co + Nor.Bor.1 · underwrote marine cargo TH → CLMV.
- Corporate broker · SME group health · the statutory threshold premium · the statutory threshold surety.
FAQ
- Can foreigners own a broker company?
- Within limits; above them case-by-case approval is needed — check current rules.
- Is a separate licence needed to sell online?
- Electronic distribution has its own notification requiring notice or approval.
- Do life and non-life brokers share one licence?
- No, licences are separate by class.
Other Legal Services
Request a quote — Call 083-2494999 · LINE @NYC168 · contact@nyclegal.co.th
Knowledge bases behind every service
3,057 answered questions written by our lawyers and translators, grouped by service. 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.
649 answered questions
- 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.
500 answered questions
- Thai MFA consular legalization
Thai MFA legalization workflow: fees, turnaround, inbound foreign documents, and how the chain connects to destination-country apostille requirements.
500 answered questions
Official sources — driving licence
The information on this page follows the official sources below. Always check the latest version before you file.
- Department of Land Transport — driving licences— Department of Land Transport
- Department of Provincial Administration — civil & family registration— Department of Provincial Administration
- Department of Consular Affairs — document legalisation— Ministry of Foreign Affairs
- Immigration Bureau — visas, 90-day reporting, TM.30— Immigration Bureau
Related services
Most document work runs across several steps — jump straight to the next one you need.
Contact us by phone, LINE or email for a free initial enquiry and a quote after document review. Timing depends on the work and relevant authorities.
General information before proceeding: Confirm current requirements with the receiving authority before using your documents. This page is not a legal opinion for your individual case — 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: a fee quoted after review million of paid-up registered capital per foreign work permit, or a fee quoted after review million if the foreigner is married to a Thai national, and a fee quoted after review 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.