THA Company Registration

Thailand's economy continues to grow, attracting the attention of global investors. According to the latest data from the Department of Business Development of Thailand, the number of newly registered companies has surged to 8,862, with a total registered capital of 24.951 billion baht, a record high in recent years. This growth reflects Thailand's policy dividends in new energy, digital economy, manufacturing and other fields, as well as its locational advantages as a hub in Southeast Asia. Against this background, registering a Thai company has become a key step for companies to expand into the Southeast Asian market.

Core requirements for company registration in Thailand

1. Shareholders and equity structure

Relaxation of foreign investment policy: According to Thailand's new foreign investment policy, some industries (such as new energy and digital economy) allow foreign investors to hold 100% of the shares, but they need to apply for preferential policies through the Thailand Board of Investment (BOI).

General requirements: If you register a general limited company, you must have at least 3 shareholders (natural persons or legal persons), of which Thai shareholders must hold more than 51% of the shares; if you apply for an industry approved by the BOI, you can achieve wholly foreign-owned.

2. Registered capital and paid-in requirements

Minimum registered capital: 1 million baht (about 208,000 RMB), but if you need to hire foreign employees or apply for a work visa, it is recommended that the registered capital is not less than 2 million baht.

Pay-in ratio: 25% of the capital must be paid in upon registration (for example, if the registered capital is 2 million baht, 500,000 baht must be deposited), and the remaining capital must be paid within 3 years.

3. Registered address and director requirements

Address requirements: A local registered address in Thailand must be provided, which can be a leased or self-owned property, and a property ownership certificate or lease contract must be attached.

Director configuration: At least 1 Thai director (private limited company), if it is a public company, more than 5 directors are required.

4. Industry restrictions and licenses

Restricted industries: such as media, agriculture, retail, etc., need to apply for a Foreign Business License (FBL) or be exempted by BOI.

Detailed explanation of the registration process (latest steps)

Company name approval

Submit 3 alternative names to the Department of Business Development (DBD) of Thailand for name approval, which will be completed within 3 working days and will be valid for 30 days.

Prepare registration documents

Articles of Association: must include company name, address, business scope, shareholder information, etc., and the documents must be notarized and certified by the embassy in Thailand.

Proof of registered capital: proof of paid-in capital deposit issued by the bank.

Shareholder and director identity documents: passport, proof of address (foreign shareholders must be notarized + certified by the Thai embassy).

Shareholder meeting and document signing

Hold a shareholders meeting, sign the articles of association, appoint directors, and determine the equity distribution.

Submit registration application

Submit materials through the DBD electronic system, the review period is about 2-4 weeks, and receive the "Company Registration Certificate" after approval.

Subsequent taxation and bank account opening

Tax registration: apply for a tax number (TIN) from the tax bureau, and register for value-added tax (VAT) if the annual turnover exceeds 1.8 million baht.

Bank account opening: Choose a local Thai bank and provide a company registration certificate and director identity certificate.

Overview of registration costs

Basic costs:

Name approval fee: about 1,000 baht.

Registration fee: about 1,500-3,000 baht (depending on registered capital and company type).

Lawyer and agent service fee: about 5,000-15,000 baht (including document translation, notarization, etc.).

Other costs:

Registered capital paid (at least 25%), Thai shareholders/directors' remuneration, bank account opening fees, etc.

Why choose NEO?

Professional compliance services

The localization team is familiar with the new policy and provides full-process services from name verification, document preparation to BOI application to ensure compliance and efficiency.

Save time and cost

The average registration period is shortened to 15-30 working days (the conventional process takes 1-3 months), avoiding delays caused by document errors.

Flexible solutions

Provide virtual registered addresses and Thai shareholders/directors to reduce the cost of localization.

Assist in applying for BOI investment incentives and enjoy tax exemptions, land ownership and other policy dividends.

One-stop follow-up support

Tax declaration, employee visa processing, bank account opening and other services to help companies operate in the long term.

Thailand has created unprecedented opportunities for foreign-funded enterprises through policy optimization and economic incentives. Whether it is new energy investment, digital economy layout, or traditional manufacturing upgrades, registering a Thai company can become a strategic fulcrum for companies to expand into the Southeast Asian market.