Thai Company Register.
Register your Company Compliance & Fast
WELLION understands the importance of well-executed company registration procedures. With its understanding of the Thai business environment and years of experience, based on the concept of regulatory compliance and risk prevention and control, WELLION enables foreign companies to easily and smoothly set up companies in Thailand, which can be completed in as fast as 7 days.
Limited Company (LLC)
A Limited Company (LLC) is a versatile and popular business structure in Thailand, suitable for both domestic and foreign investors. It provides a clear separation between the shareholders’ personal assets and the company’s liabilities, ensuring limited liability protection. The LLC structure supports a wide range of business activities, making it an ideal choice for entrepreneurs seeking flexibility and growth potential.
BOI Company
A BOI Company benefits from the incentives and support provided by the Thailand Board of Investment (BOI). These companies enjoy a range of privileges, including tax exemptions, import duty reductions, and simplified visa and work permit procedures for foreign employees. BOI companies are encouraged to engage in activities that contribute to the country’s economic development, such as high-tech industries, manufacturing, and services.
Foreign Business License
A Foreign Business License (FBL) Company is established by foreign investors who wish to operate businesses in Thailand that are restricted under the Foreign Business Act. Obtaining an FBL involves a rigorous application process, but once granted, it allows foreign investors to engage in business activities with full ownership and control.
Essential Conditions
By offering a full range of business, accounting, legal and immigration services in a single place, we are able to seamlessly guide you through the strict government requirements from start to finish, help you avoid common pitfalls and find a flexible solution that works best for you.
The things you may need to do
Thing 1
Tax Registration
Registering for tax is essential for compliance with Thai tax laws, ensuring your business operates legally and benefits from applicable tax incentives.
Thing 2
Bank Account
Opening a bank account is crucial for managing your company’s finances, facilitating transactions, and maintaining financial health.
Thing 3
Social Fund
Enrolling in the social fund provides social security benefits for employees, covering health insurance, pensions, and unemployment benefits.
Thing 4
Business Address
A registered business address is mandatory for establishing your company’s legal presence and receiving official correspondence in Thailand.
Thing 5
Work permit
Obtaining a work permit is necessary for foreign employees to legally work in Thailand, ensuring compliance with immigration laws.
Thing 6
Business Visa
A business visa allows foreign nationals to enter and stay in Thailand for business purposes, facilitating long-term business operations.
Thing 7
Trademark
Registering a trademark protects your brand and intellectual property, giving you exclusive rights to use and market your brand name and logo.
Thing 8
Customs Register
Customs registration is required for companies involved in import and export activities, enabling smoother customs procedures and compliance.
Thing 9
Personal Tax ID
A personal tax ID is needed for both Thai nationals and foreign residents, ensuring compliance with personal income tax obligations.
How to register a company in Thailand
Step 1
Pre-approval of company name
Submit a company name application form and provide at least three alternative names to ensure that one of the names can be approved.
Step 2
Drafting Articles of Association
Write and confirm the Articles of Association, detailing the company name, registered address, business scope, registered capital, shareholders and directors.
Step 3
Registering a company seal
Make and register a company seal for use in company documents and contracts.
Step 4
Submit company register application
Submit all necessary documents to the DBD, including the Articles of Association, identification of shareholders and directors, and registered capital.
Step 5
Paying registration fees
Pay the corresponding registration fee based on the company’s registered capital.
Step 6
Getting a company registration certificate
After the review is completed, receive a company registration certificate proving that the company is officially registered in Thailand.
Step 7
Tax registration
Register with the Thai Revenue Department, apply for a tax number, and apply for value-added tax (VAT) registration based on business needs.
Step 8
Open a bank account
Open a company account at a Thai bank to manage the company’s finances and funds.
Step 9
Social insurance registration
Register the company’s employees for social insurance to ensure compliance with Thailand’s social insurance regulations.
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Dylan Guo, WELLION Director and Project Operation Supervisor
How much does it cost to register a company in Thailand?
The costs vary depending on your business needs and the scope of our service framework. We encourage clients to share your business needs with the WELLION team so that we can have a clearer understanding of your business goals and choose the best quote for you. We will clearly list our service fees in the quotation, and all relevant government fees will be provided with official receipts to ensure transparent charges. We will not add service items that are not applicable to your business structure, saving you the corresponding costs.
How long does it take to register a company in Thailand?
The registration duration depends on a number of factors, such as your selected entity, shareholder and ownership structure (foreign vs Thai), business activities and more. In most scenarios, it can take as few as 7 days, but more difficult cases may take up to 6 months. These usually involve foreign ownership and/or the foreign business license.
How do I choose the right Thai company structure for me?
Limited Company (Ltd.): Best for businesses needing clear structure and limited liability.
Foreign Business License (FBL): Required for foreign companies in restricted industries.
BOI Promotion: Ideal for businesses seeking tax incentives and benefits in promoted sectors.
Consult a professional advisor to match your business needs, industry, and investment level.
What is the appropriate amount for my registered capital?
A majority Thai-owned limited company does not have any capital requirements, as long as it does not employ foreign employees or directors. If this is the case, the capital requirement is 2 million baht per foreigner, or 1 million baht if the foreigner is married to a Thai national. Foreign-owned structures have higher capital requirements, usually starting at 3 million baht and then 2 million baht for each additional foreigner.