Forming and Running a Company in Thailand
The private limited company is the most common business vehicle in Thailand. Setting it up correctly from the start — with the right shareholding, objects, and licences — avoids costly restructuring later.
Steps to Register a Private Limited Company
- Reserve the company name with the Department of Business Development (DBD)
- Prepare the memorandum of association and shareholder structure
- Hold the statutory meeting and register the company
- Obtain a tax ID and register for VAT where turnover requires it
Foreign Ownership Rules
The Foreign Business Act restricts foreign participation in many activities. A company that is majority foreign-owned generally needs a Foreign Business Licence, or promotion from the Board of Investment (BOI), to operate in restricted sectors. Many businesses are instead structured with genuine Thai majority shareholders — never with illegal nominees.
BOI Promotion
For qualifying activities, BOI promotion can allow majority or full foreign ownership, tax incentives, and easier work permits. We assess eligibility and prepare the application.
Staying Compliant
After incorporation a company must keep proper accounts, file annual audited financial statements, hold shareholder meetings, and meet tax and social security obligations. Foreign directors and staff need the correct visas and work permits.
Our corporate team handles formation, licensing, and ongoing compliance for businesses across Isaan. Contact us to set up your company the right way.