Your question: How do I register my 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 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.

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.
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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.

How do I get a tax ID in Thailand?

To apply for a TIN you’ll need to show the following documents at the tax office:

  1. Valid passport with a valid visa or visa exemption.
  2. Lease agreement of six months or greater, including a copy of the landlord’s ID.
  3. Proof that you have spent at least 180 days of the last 365 days in Thailand (past entry stamps on passport)