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Thailand VAT Registration & Corporate Bank Account
Turn your new Thai company into an operating business — VAT, e-Tax Invoice, and a bank account that actually opens.
Quick Answer
VAT mandatory at THB 1.8M/year revenue. Corporate bank account setup 2–6 weeks depending on bank & foreign %. Bundle from THB 21,500.
Services
- ✓ VAT registration (PP.01/09)
- ✓ e-Tax Invoice enrollment
- ✓ SBT (specific business tax) registration
- ✓ Bank shortlist for foreign owners
- ✓ Bangkok Bank / K-Bank / SCB introductions
- ✓ Board resolution & signatory package
- ✓ Signatory in-person accompaniment
- ✓ Multi-currency / FCD account setup
- ✓ Online banking activation
- ✓ Merchant account (payment gateway)
FAQ
- When must a Thai company register for VAT?
- Mandatory once annual revenue exceeds THB 1.8M. Voluntary registration allowed anytime — often required for BOI, importers/exporters, or to issue tax invoices to VAT-registered clients.
- Which banks accept foreign-owned SMEs?
- Bangkok Bank, Kasikorn (K-Bank), SCB, Krungsri, and UOB are the most open to foreign-owned Thai limited companies. We arrange introductions with English-speaking corporate bankers.
- Documents needed for corporate bank account?
- Company Affidavit (≤30 days), Memorandum, Shareholder list, Board resolution authorizing signatories, ID/passport of directors + signatories, work permits (for foreign signatories), and office lease + photo evidence.
- Cost & timeline?
- VAT registration: THB 6,500 (2–3 weeks). Corporate bank account setup: THB 15,000–35,000 (2–6 weeks depending on bank & foreign ownership %). BOI/IEAT companies: expedited.
Contact: 083-249-4999 · LINE @NYC168 · contact@ilc.ltd