COMPANY REGISTRATION
This “Land of Smiles” is one of the top business destinations among others in Southeast Asia.
Starting a new business in Thailand might be a big deal of yours. Expat Legal Consulting is specialized in this and we can make it simple!
Thai Limited Company (Thai Majority Company) is the most popular type among other entities which required:
At least 51% shares held by Thai Nationality.
At least 1 authorized director of the company
At least 3 shareholders
There is no minimum required capital, but the minimum share value is 5 baht/share.
However, if you want to hire foreigner under Thai Limited Company, the company must complete the requirement below.
At least 2 million Baht paid-up capital per 1 foreigner hired. -
The ratio of local to foreign employees is 4:1.
All employees must be registered on Social Security system.
The locals must earn salary not less than the minimum wages according to Thai labor laws (might be varied among the provinces).
The foreign employees must earn salary not less than minimum required salary, which is varied among the nationalities.
A company is allowed to apply up to 10 work permits.
If you engage with a business with more than 51% shares held by foreigners, here might be the solution.
Apply for BOI promotion if your business is under the promotional criteria
Apply for Foreign Business License (FBL)
But if you have a parent company overseas, here might be the solution.
1. Representative Office
Limited to the non-revenue-earning activities.
The ratio of local to foreign employee is 1:1.
Capital remitted to Thailand by the parent company.
2. Branch Office
100% shares held by parent company.
The ratio of local to foreign employee is 1:1.
Can engage the business with either non-revenue-earning or revenue-earning activities.
Import, Export and Expansion of business are not allowed.
Capital remitted to Thailand by the parent company.
FBL might be required.