Quick Answer: How do I register a business in Thailand?

How much does it cost to register a business in Thailand?

However, the government fee to register a company in Thailand is the same for Baht 15 capital or Baht 1M capital. Thus the government fee to set up a Thai company is about 7,000 for Baht 1 M registered capital.

Can foreigners register a company in Thailand?

Company Registration in Thailand for Foreigners

The majority of shares in a Thai company must be owned by a Thai citizen unless it is part of a special Board of Investment (BOI) program. This means that foreigners can only own up to 49% of a Thai company. … Private limited companies require a minimum of three promoters.

How can a foreigner Start a business in Thailand?

The Step-by-Step Guide to Starting a Business in Thailand

  1. Pick a Type of Business. …
  2. Check Out Thailand’s Foreign Business Act. …
  3. Learn About Incentives and Benefits Provided by the BOI. …
  4. Apply for Visa and Work Permits. …
  5. Register Your Company. …
  6. Sort Out Your Paid-Up Capital and Open a Bank Account.

How long does it take to register a company in Thailand?

The duration for registration depends on the nature of your business and your promptness in providing the requested information. A company can be set up in 1 – 2 weeks but the application of foreign business license can take up to 3 – 4 months.

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How do I register my business in Thailand?

Steps on How to Register a Thai Limited Company

  1. Step 1: Registering the Company Name. …
  2. Step 2: Filing the Memorandum of Association. …
  3. Step 3: The Statutory Meeting. …
  4. Step 4: Registration of the Company in Thailand. …
  5. Step 5: Register for VAT (Value Added Tax) and Income Tax.

Can a foreigner be a sole proprietor in Thailand?

A business owned by one person with unlimited liability is known as sole proprietorship. … For foreigners, sole proprietorship is only allowed if they are covered by the United States – Thailand Treaty of Amity and Economic Cooperation. Otherwise foreigners are not permitted to operate this type of business.

Is it hard to start a business in Thailand?

Starting a business in Thailand can be a daunting prospect, but get it right and it can be a lucrative, enjoyable one. … Thailand is the second-largest economy in Southeast Asia after Indonesia, and recognized by the World Bank as “one of the great development success stories” in social and development indicators.

Is Thailand a good place to start a business?

Thailand is ranked as the 21st easiest place for doing business in the entire world as per World Bank’s 2020 ranking which includes ease of doing business from the bureaucratic procedures and the application process and costs involved.

How do I get a Thai business visa?

How to Apply for a Thailand Business Visa?

  1. Contact the Embassy or Consulate. …
  2. Collect the required documents for a Thai Business Visa.
  3. Submit the Thai Business Visa application. …
  4. Wait for the Embassy/Consulate staff to process your visa application.
  5. Retrieve your passport and documents.
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