Limited Company In Thailand | The Fastest Way To Start A Business (2024)

FAQs

Limited Company In Thailand | The Fastest Way To Start A Business? ›

A limited company is a Thai equivalent of the Limited Liability Company (LLC) and is usually the preferred first step to setting up a new business in Thailand. All limited companies have directors, shareholders (both Thai and foreign in many cases), promoters, and limited liability.

The registration duration depends on a number of factors, such as your selected entity, shareholder and ownership structure (foreign vs Thai), business activities and more. In most scenarios, it can take as few as 7 days, but more difficult cases may take up to 6 months.

Foreigners who wish to work, conduct business or undertake investment activities in Thailand must apply for a Non-Immigrant Visa at the Royal Thai Embassies or Royal Thai Consulates-General.

To start a limited company in Thailand, you will need to satisfy the following criteria: 2 shareholders. One or more directors (individuals, not corporate) 50,000 THB minimum capital (2M THB if you want to hire a foreign employee)

Foreigners can be granted a foreign business license for certain business categories (or may be granted an exemption based on a treaty or specific act (investment promotion)). More information (external): Thailand Board of Investment. Thailand Department of Business Registration.

Yes, you can 100% own a restaurant in Thailand as a foreigner. You just need to apply for Foreign Business License (FBL) from Department of Business Development. The downside of this approach is that you cannot own a land, so you can only rent a land for your restaurant.

As mentioned above, typically, a 100% foreign-owned company cannot operate in Thailand unless: the Ministry of Commerce has granted a Foreign Business License (FBL) or; an investment promotion from the BOI and a Foreign Business Certificate from the Ministry of Commerce has been obtained.

✓ Registered Capital: Generally, there is no minimum capital requirement for Thai majority- owned companies. Foreign majority-owned companies are required to have at least Baht 2 million or Baht 3 million registered capital, depending on type of business.

What is a private limited company? A limited company is a Thai equivalent of the Limited Liability Company (LLC) and is usually the preferred first step to setting up a new business in Thailand. All limited companies have directors, shareholders (both Thai and foreign in many cases), promoters, and limited liability.

Which business is most profitable in Thailand? ›

The cost of starting a new business and incorporating a company in Thailand is roughly around 80000-100000 Baht. A government fee of 7000 Baht is to be paid up capital while registering the company is 1 million Baht. Consecutively, 12000 Baht is charged for capital of 2 million Baht.

Digital Marketing

Thailand is rapidly embracing digital technology as a way of life. Thus there is immense potential in Thailand if the business is related to digital platforms or technology. Investing on a digital marketing agency in Thailand can be a very lucrative business proposition.

A single-entry Thai business visa can cost you this: Embassy Fee: $ 80. Processing Days: 15 business days. Service Fee: $ 239.

According to the World Bank's ranking for 2020, it is easiest to do business in New Zealand. The top 5 include Singapore, Hong Kong, Denmark, and South Korea. Denmark leads the rankings of economic competitiveness and the rule of law.

Foreign business license timeframe.

Once the application is submitted, there is a commitment (under the Act) to approve or give reason for rejection with 60 days. Once approval is granted, the FBL is normally issued within 15 days.

The cost of starting a new business and incorporating a company in Thailand is roughly around 80000-100000 Baht. A government fee of 7000 Baht is to be paid up capital while registering the company is 1 million Baht. Consecutively, 12000 Baht is charged for capital of 2 million Baht.

Fast Fact: Typically it takes a startup business 6 months to one year from initial idea to product launch and their first paying customers. Service businesses can be launched in 3 months, online businesses in 30 days and retail stores, restaurants, and clothing lines commonly take one year from conception to launch.