How to Start a Business in Thailand as a Foreigner 🇹🇭💼

Starting a business in Thailand as a foreigner can be a great opportunity, but it requires the right knowledge and planning. Here’s a simple guide to help you understand the process, from company registration to getting the necessary licenses.

1️⃣ Choose the Right Business Structure

Foreign entrepreneurs can set up businesses under different structures in Thailand:

✅ Thai Limited Company – The most common structure, requiring at least 51% Thai ownership (but you can still have control).

✅ Foreign-Owned Company (BOI or Treaty of Amity) – Allows 100% foreign ownership under special conditions.

✅ Representative Office – For market research or support services without revenue-generating activities.

✅ Branch Office – A legal extension of a foreign company operating in Thailand.

2️⃣ Register Your Company

The company registration process includes:

📌 Reserving a Company Name – Ensure your desired name is unique and approved by the Department of Business Development (DBD).

📌 Drafting Documents – Prepare and submit Articles of Association, Memorandum of Association, and Shareholder Agreements.

📌 Registering with DBD – Officially register your business and obtain a company registration certificate.

📌 Opening a Corporate Bank Account – Required for financial transactions and initial capital deposits.

3️⃣ Obtain Business Licenses & Permits

Depending on your business type, you may need:

✔️ Foreign Business License (FBL) – Required for foreign-majority-owned companies.

✔️ BOI Promotion – Provides tax benefits and allows full foreign ownership for certain industries.

✔️ VAT & Tax Registration – Register for VAT if your business income exceeds THB 1.8 million per year.

✔️ Work Permits & Visas – Essential for foreign directors and employees.

4️⃣ Work Permit & Visa for Foreign Owners

To legally work in Thailand, you need:

🛂 Business Visa (Non-B Visa) – Required before applying for a work permit.

💼 Work Permit – Legally allows you to work in Thailand.

📅 Annual Visa Renewals – Stay compliant by renewing your visa and work permit on time.

5️⃣ Stay Compliant with Thai Laws

To operate smoothly, businesses must:

📊 File Annual Financial Statements – Submit reports to the Revenue Department.

💰 Pay Corporate Taxes – Standard rate is 20%, but exemptions apply for BOI-registered companies.

📄 Maintain Proper Records – Keep all business transactions documented for audits.

Need Expert Help? We’ve Got You Covered!

Starting a business in Thailand can be complicated, but you don’t have to do it alone. Our legal experts handle everything—from company registration to work permits—so you can focus on growing your business.

📩 Contact us today for a free consultation! 🚀