Set Up Company in Thailand
Our Service
Thailand offers a strategic location in Southeast Asia, a growing economy, and diverse business opportunities in sectors such as tourism, manufacturing, real estate, technology, and more. Known for its ease of doing business, low corporate tax rates, and a skilled workforce, Thailand is attractive for entrepreneurs and investors looking to establish a foothold in the region.
Comparison
Type of Thai Businesses
Difference Between
E-2 and EB-5 Investors Visa
Type of Business | Briefly Details | Ownership Structure | Foreign Ownership Limit | Minimum Investment | Key Benefits |
|---|---|---|---|---|---|
Regional Office or Branch Office | Serves as a regional or additional office by foreign headquarter. | Foreign Ownership | 100% foreign ownership | THB 3 million
(approx. USD 85,000) | Restricted in supporting, operating and business activities
For example, FTA manufacturing company, trading company |
Representative Office | Limited to non-revenue generating activities.
For example, economic office by foreign government | Foreign Ownership | 100% foreign ownership | No Minimum requirement under eligibility | Restricted to specific non-trading activities. |
BOI Company | Granted incentives by the Board of Investment in selected busisness | Flexible ownership, based on activity and industry | Allows 100% foreign ownership under conditions* | No Minimum requirement | - Tax incentives
- Work permit for foreign workers
- Tech support/ subsidy
|
Thai Limited Company | The most common type, suitable for
- SMEs
- Large companies/ Corporate | Minimum 3 shareholders required | Max 49% for foreigners | THB 2 million for foreign businesses (approx. USD 55,000) | Limited liability; often preferred for various sectors. |
Why Choose Unique Prime Thailand?
01
Native Thai Team Support
With a team of native Thai professionals, Unique Prime Thailand ensures cultural fluency and efficient interactions with regulatory bodies.
02
Expert Guidance for Operation and Tax Planning Advisory
In-depth advisory to navigate Thailand’s legal and tax systems, keeping businesses compliant with local laws.
03
Seamless Inbound and Outbound Document Handling
Unique Prime facilitates all necessary documentation for establishing and operating a business in Thailand, ensuring smooth communication with local authorities.
Eligibility for Foreign Investors
Foreign nationals can establish a business in Thailand, with eligibility largely based on business type, nationality, and capital investment.
Compliance with the Foreign Business Act (FBA)
Enjoy the flexibility of holding and managing accounts in various currencies, allowing for seamless international transactions.
Investment Visa Requirements
Foreigners must obtain the correct visa (often a Non-Immigrant “B” visa) and, in many cases, a work permit.
BOI or FBA Permissions
For businesses in restricted sectors, approval from the BOI or a Foreign Business License from the Ministry of Commerce is required.
Partnership Requirements
For certain structures, such as Thai Limited Companies, foreign ownership is capped at 49%, necessitating a Thai majority shareholder.
*For some industries, higher investment might apply to ensure compliance with the Foreign Business Act (FBA).
Operating business in selected In business. Those selected business aims to get contribution to local and national development. Additionally, FBL aims to protect local business. Therefore, obtaining this license allows 100% of foreign shareholders to own business in Thailand in establishing, participating and operating business under Thai jurisdiction legally.
01
Minimum Capital and Eligibility of FBL
Minimum capital 2 million THB or 3 million THB
for certain restricted business.
02
Contribution of Know-How to locals
Those business under FBL aims to transfer know-how in technological, innovative and knowledge advancement to the country.
03
Advantage for Thailand
Foreign investors must show the business plan or structure which are benefits to Thai economy, such as, technological contribution, job creation and positively impact to Thai economic.
04
Employment of Foreign Staffs
Normally the ratio of Thai per foreigner employment must be 4:1 with work permit application to legally work in Thailand. This requirement able to make the foreign company to positively contribute employment rates in Thailand.
05
No conflict or disruption for Thai Businesses
This aims to protect the local business and local employee in Thai companies of competition and preserve resources for Thai businesses.
Additional Information: FBL in Thailand
What is FBL?
( Foreign Business License)
FAQs
Q&A in Setting Up Company
in Thailand
Frequently Asked Questions
about Set Up Bank Account in
British Virgin Islands
For Thai company jurisdiction must have 51% of local shareholder. Or other options to become 100% shareholder in Thai company
-
Option 1:
Apply for BOI promotion or a Foreign Business License (FBL), which allow 100% foreign ownership in certain sectors.
-
Option 2:
set up as a branch or representative office (for limited activities).
-
Yes, if the business is BOI, has an FBL, or falls under the U.S.-Thai Treaty of Amity. Otherwise, foreign ownership is capped at 49%
Foreigners with a Non-Immigrant “B” visa and an employer sponsor. BOI businesses have more flexibility with requirements.
The most profitable sectors in Thailand
-
Tourism
-
Real Estate
-
Healthcare
-
Manufacturing
-
Technology, startups tech and E-commerce
-
The Thailand Ministry of the Interior has prescribed the rules and regulations for setting up foundations through the legislation of The Ministerial Regulations of Regulations, Operation and Registration of the Foundation B.E. 2545 (2002).
The application form for the registration of a Thai Foundation may be submitted to the registrar of the district which has jurisdiction over the place where the principal office of the Foundation will be established. Along with the application, the following documents are likewise necessary:
-
List of assets of the owners
-
List of allocated assets for the Foundation and registered document indicating the promise to donate these assets
-
Copy of testament if an asset was given to the Foundation by virtue thereof
-
Name, address and profession of all the members of the board of directors of the Foundation
-
Regulations of the Foundation
-
Copy of ID card or other types of Identification cards issued by the government and copy of the house registration of the owners and members of the board of directors (if he is a priest or a foreigner, other documents reflecting his status and address would suffice)
-
Map of the principal office and its branch offices (if any) and the written consent of the landlord or owner of these properties.
-
Minutes of the meeting convened for the establishment of the Foundation
-
Comparison
Type of Thai Businesses
Difference Between
E-2 and EB-5 Investors Visa
Type of Business | Briefly Details | Ownership Structure | Foreign Ownership Limit | Minimum Investment | Key Benefits |
|---|---|---|---|---|---|
Regional Office or Branch Office | Serves as a regional or additional office by foreign headquarter. | Foreign Ownership | 100% foreign ownership | THB 3 million
(approx. USD 85,000) | Restricted in supporting, operating and business activities
For example, FTA manufacturing company, trading company |
Representative Office | Limited to non-revenue generating activities.
For example, economic office by foreign government | Foreign Ownership | 100% foreign ownership | No Minimum requirement under eligibility | Restricted to specific non-trading activities. |
BOI Company | Granted incentives by the Board of Investment in selected busisness | Flexible ownership, based on activity and industry | Allows 100% foreign ownership under conditions* | No Minimum requirement | - Tax incentives
- Work permit for foreign workers
- Tech support/ subsidy
|
Thai Limited Company | The most common type, suitable for
- SMEs
- Large companies/ Corporate | Minimum 3 shareholders required | Max 49% for foreigners | THB 2 million for foreign businesses (approx. USD 55,000) | Limited liability; often preferred for various sectors. |