How to register a Thai company and its categories, conditions, process and fees

Thailand is located in the heart of ASEAN and is the logistics, trade and financial center of ASEAN, with its capital Bangkok being the hub of air, road, rail and waterway transportation in Southeast Asia. Among the ten ASEAN countries, Thailand is the second largest economy in the ASEAN region with 11.3% of the land area and 11.5% of the population contributing 19% of the total GDP. This is one of the main reasons why many Chinese companies choose to invest in Thailand. This article will help you to know how to register a Thai company, the types, conditions, process and fees for reference.

I. Introduction of Thai company categories

In Thailand, the common types of companies include the following:

-Limited Company: This is one of the most common types of companies in Thailand. A limited company is owned by at least one shareholder and the shareholder’s liability to the company is limited to the shares they hold. This type of company is usually used for small businesses.

-Public Company: A public company is a company that can be listed and traded on a stock exchange. This type of company needs to meet specific rules and regulations and is regulated by the stock exchange and securities regulations.

-Sole Proprietorship: A sole proprietorship is a company that is owned and operated by one person. This type of company is usually used for small businesses and individual operators.

-Branch Office in Thailand: If your company is already registered in another country, you can open a branch office in Thailand. A branch office does not need to register a new company in Thailand, but it does need to obtain a license and a certificate of registration.

-Public Limited Company: A public limited company is a type of company that is similar to a public company. This type of company can be listed and traded on a stock exchange, but is subject to more stringent regulations and requirements.

II. Conditions and information for registering a Thai company:

1. Application for registration can be made in the name of any natural or legal person. The verification report, documents and procedures will be completed by an attorney.

2. It is easy to apply with a valid passport.

Provide information

1、English name (we will translate Thai)

2、Chinese shareholder and legal person passport Home scan

3, the scope of business (according to the real purpose of the guests to fill in, there is no requirement for the number)

4、Share ratio distribution

5、Registered capital (within 4 million THB)

III. Procedures for registering a limited company in Thailand:

1. Choose a company name: First, you need to choose a unique company name and make sure that it is not registered. You can check the availability of the name by visiting the company name database of the Ministry of Commerce of Thailand.

2. Develop Articles of Incorporation: After choosing a company name, you will need to draft Articles of Incorporation. The articles of incorporation should include rules and provisions regarding the operation of the company, such as the corporate structure, ownership interests, and the duties of management and the board of directors.

3. Incorporation: Once the Articles of Incorporation are drawn up, you can submit an application for incorporation. The applicant will need to provide a copy of the incorporation file and pay the relevant fees. After filing, you will need to wait for official approval, which takes about five business days.

4. Registration of Tax ID: After registering your company, you will need to apply for a tax ID. The tax ID number is a necessary prerequisite for starting business and filing tax returns.

5. Open a bank account: Once you have received your tax ID number, you can go to your local bank and open a corporate bank account. You will need to provide proof of incorporation and other relevant documents.

6. Apply for a work permit: If your company needs to employ foreign workers, you need to apply for a work permit.

IV. Minimum registered capital and maximum registered capital:

The minimum registered capital for a limited company is 1,000,000 baht and there is no limit to the maximum. The amount of registered capital depends on the actual needs of the company, and Thai law limits the number of foreigners that can be employed, while Thai employees are employed locally without any employment quota. According to the requirements of the Thai Department of Labor for foreign companies, one foreigner can be hired for every additional 2 million baht of capital.

1. Advantages of registering a Thai company

1、Less restrictions on business scope

2、Open foreign exchange accounts to facilitate overseas trade

3、Thailand Asset Acquisition Overseas Asset Allocation

4、No tariff for export to Europe and America