Company Formation with Office Address

How a Thai limited company is formed

A Thai limited company requires promoters, a memorandum of association, a statutory meeting appointing directors and an auditor, and registration with the Department of Business Development. Online filing has shortened the cycle considerably when the file is complete.

There is no general minimum capital, but capital affects credibility, some licences and the capital-per-foreign-employee ratio applied to work permits, so it should be planned alongside hiring.

From name reservation to a funded bank account

1. Reserve the name: Submit three names; approval has a limited validity so the filing should follow immediately
2. Draft the memorandum: Name, head office, objectives, capital and promoters
3. Hold the statutory meeting: Adopt articles, appoint directors, fix signing authority, appoint the auditor
4. Register with the DBD: File with the address pack; a 13-digit registration number is issued on approval
5. Register for tax: Confirm use of the company registration number for tax identification, VAT liability and employer registration duties when hiring
6. Open the corporate account: Banks generally want a recent affidavit, board minutes and all authorised directors present

Common mistakes and how we avoid them

More questions we are asked

How long does incorporation take?

It depends on complete documents, every shareholder signing, and DBD review; bank account opening depends on the bank's own checks. We give a realistic timeframe once we have seen your documents.

How much can foreigners own?

There is no universal ownership percentage for every business. Check the statutory definition of a foreign business, restricted activities, applicable exemptions and sector-specific laws with the DBD. Do not use nominee Thai shareholders.