*** To maintain good standing, your Thailand company must pay an annual renewal fee. This fee is a flat rate and free from hidden charges.

What’s included for 3990

• Incorporation of Company
• Local director
• Thailand Government Registration Fees
• Registered Office for 1 year
• Company Secretary for 1 year
• Certificate of Incorporation
• Memorandum of Association
• Register of Members
• Membership Certificates
• Lifetime support

Why Thailand

Thailand is one of the most attractive destinations for company incorporation due to its strategic location, pro-business policies, tax incentives, and growing economy.

Benefits of opening a company in Thailand

1️⃣ Strategic Location & Market Access

✅ Gateway to ASEAN & Asia-Pacific:

• Thailand is a key hub in Southeast Asia, offering access to a market of over 600 million people.
• Strong trade connections with China, India, Japan, and other ASEAN nations.

✅ Developed Infrastructure:

• International airports, seaports, highways, and railway systems make transportation easy.
• EEC (Eastern Economic Corridor) project boosts infrastructure and business opportunities.

2️⃣ Business-Friendly Policies & Investment Incentives

✅ Board of Investment (BOI) Promotions:

• 100% foreign ownership (for BOI-approved businesses).
• Up to 8 years of corporate tax exemptions.
• Land ownership rights for foreigners.
• Easier work permits & visas for foreign employees.

✅ Special Economic Zones (SEZs) & Eastern Economic Corridor (EEC):

• Lower corporate tax and incentives for businesses in high-tech, manufacturing, and R&D sectors.

✅ Smart Visa Program:

• 4-year visa (no work permit needed) for highly skilled professionals, investors, and startup owners.

3️⃣ Low Corporate Tax & Business Costs

✅ Corporate Income Tax (CIT):

• Standard 20% CIT (lower than many Asian countries).
• Small businesses with capital under THB 5 million (USD 140,000) get lower CIT rates (10–15%).
• BOI-approved companies can get 0% CIT for up to 8 years.

✅ Low VAT Rate:

• 7% VAT (lower than many countries in Asia).

✅ Affordable Business Costs:

• Low registration fees compared to Singapore and Hong Kong.
• Lower labor costs with a skilled workforce.
• Cheaper office rent and utilities than other major business hubs.

4️⃣ Easy Business Setup & Banking System

✅ Fast company registration (3–5 business days).
✅ 100% foreign ownership possible under BOI promotions.
✅ Easy repatriation of profits with no currency exchange restrictions.
✅ Access to international banking, with many global banks operating in Thailand.

5️⃣ Growing Digital Economy & E-Commerce Sector

✅ Thailand’s digital transformation:

• Strong government support for e-commerce, fintech, and technology startups.
• Fast-growing internet penetration & mobile payment adoption.

✅ Booming tourism industry:

• Thailand is one of the most visited countries in the world, creating huge opportunities in hospitality, retail, and entertainment.

Types of Business Entities in Thailand

1️⃣ Thai Limited Company (บริษัทจำกัด – Co., Ltd.)

✅ Most common business structure for foreign investors.
✅ Requires at least 3 shareholders and 1 director.
✅ Limited liability – shareholders’ liability is limited to their capital investment.
✅ Foreign ownership is capped at 49% unless BOI-approved.
✅ Capital requirement: Minimum THB 2 million for foreign-majority ownership.
✅ Best for: SMEs, general trading, manufacturing, tech startups.

2️⃣ Board of Investment (BOI) Company

✅ Best choice for foreign investors as it allows 100% foreign ownership.
✅ Corporate tax exemptions for up to 8 years.
✅ Work permits & visas for foreign employees without the usual ratio restrictions.
✅ Land ownership rights for foreigners.
✅ Requires approval from the Thailand Board of Investment (BOI).
✅ Best for: Tech, manufacturing, R&D, agriculture, logistics, and other promoted industries.

3️⃣ Representative Office (RO)

✅ 100% foreign ownership allowed.
✅ No corporate income tax (CIT) if it only performs non-revenue-generating activities.
✅ Used for market research, business liaison, quality control, etc.
✅ Cannot engage in direct sales or revenue-generating activities.
✅ Best for: Foreign companies studying the Thai market before full investment.

4️⃣ Branch Office

✅ Extension of a foreign parent company (not a separate legal entity).
✅ 100% foreign ownership allowed.
✅ Can engage in revenue-generating activities but must follow Foreign Business Act (FBA) restrictions.
✅ Subject to 20% CIT on Thai-generated income.
✅ Requires a minimum capital of THB 3 million.
✅ Best for: Large foreign businesses with ongoing projects in Thailand.

5️⃣ Regional Office

✅ Acts as a support hub for branches and subsidiaries in the region.
✅ Cannot generate revenue but provides administrative & technical support.
✅ 100% foreign ownership allowed.
✅ No CIT if it only performs non-income-generating activities.
✅ Best for: MNCs managing operations in multiple ASEAN countries.

6️⃣ Sole Proprietorship (บุคคลธรรมดา)

✅ Business owned & operated by one person.
✅ Full liability – the owner is personally responsible for all debts.
✅ Not suitable for foreign investors (restricted under the Foreign Business Act).
✅ Best for: Small-scale Thai entrepreneurs.

7️⃣ Partnership Structures

A. Ordinary Partnership (ห้างหุ้นส่วนสามัญ)

✅ At least two partners jointly operate the business.
✅ No separate legal entity – partners have unlimited liability.
✅ Foreigners require a business license under the Foreign Business Act.

B. Limited Partnership (ห้างหุ้นส่วนจำกัด)

✅ At least two partners – one with limited liability, one with unlimited liability.
✅ More structured than an ordinary partnership.
✅ Foreigners can hold shares but need an FBA license for control.

Incorporation Procedure

Documents from individuals:

• A Clear and Current/ Valid copy Driver’s License ID, (To be notarized)
• A copy of a Current Utility Bill, as proof of residential address (To be notarized)
• Application Form (we will provide).

Documents from legal entities:

• Copy of the Certificate of Incorporation;
• Copies of incorporation documents (Articles of Association and Memorandum of Association).
• Register of directors/shareholders/members.

Note: Where documents are in a language other than English, a certified translation of the full document into English must be provided, with the original document.

Company Structure

• Minimum Number of Directors/Managers:1 director,The director can be Thai or foreign, but a foreign director will need a work permit.
• Minimum Number of Shareholders/Members: At least 3 shareholders,Foreign Ownership: Limited to 49%, unless BOI or FBL-approved
• Beneficial Owners: Beneficial ownership information is not fully public. However, certain details may be available through company registration records with the Department of Business Development (DBD).

Timeline

Once we have received all the required identification documents, the company formation process will take approximately 7 working days subject to compliance review.

Taxation Policies