Establishing a company in Thailand can be challenging for foreign investors due to moderate levels of corruption and bureaucracy. Economic growth in Thailand has attracted many investors in recent years despite the pressures of the currency exchange. Important points for entrepreneurs to note when establishing a business in Thailand include:

The most popular entity set up by foreign investors is the private limited company. This is due to the separation made between investors and the managerial body. A private limited company in Thailand can be 100% foreign owned and there is a minimum requirement of 7 ahareholders all of which enjoy limited liability.

Thailand incorporation for a private limited company has no minimum capital required, unlike many other jurisdictions. The registration fee for companies ranges between 5,500 Baht (US$180) and 250,000 (US$8267) Baht.

Some international investors register partnerships in Thailand. There are two types of official partnerships in Thailand. An ordinary partnership is a shared unlimited liability structure with a minimum requirement of two joint partnersand a limited partnership is similar to an ordinary one except for it requires registration.

A representative office meets the objectives of many incorporated companies. A permit to establish a representative office is valid for five years and can be granted after application with the Department of Commercial Registration at the Ministry of Commerce. In order to get the permit, one must have 2,000,000 baht (US$66,140) in registered capital.

A company must maintain an office in Thai premises that it physically owns or rents.

For more detailed information on Thailand incorporation, purchase our Asia Business Setup book.

For more information on establishing a company in Thailand, email email@healyconsultants.com or call us in Singapore (+65) 6735 0120

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