Company Formation in Thailand
Full solution for company registration in Thailand. Discover our services to register your company in Thailand: low price and fast process.
- A stable and growing economy
- Worldwide reputation as a business-friendly country
- Strategic location in Asia
- Good infrastructure and qualified workers
Consulting team dedicated into advising the best suitable jurisdiction for your project.
Corporate finance specialist and expert about FinTech regulations worldwide.
Packages for Company Formation in Thailand
Choose a package that you would like to receive more information on.
Consulting team dedicated into advising the best suitable jurisdiction for your project.
+44 20 4577 0974
Corporate finance specialist and expert about FinTech regulations worldwide.
+44 20 4577 0974
Request information on company formation in Thailand: cost, process and requirements.
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Initial consultation
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Turnkey Company Formation
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Company contact person
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Registered legal company address for 1 year
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Remote incorporation
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Notary Services
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Company Secretary
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Local personnel
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Accounting for 1 year
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Long-term POA
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Apostilled set of documents
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Additional legal support
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Corporate Account
Turnkey company formation, Everything you need to get off the ground. Start now!
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Initial consultation
-
Turnkey Company Formation
-
Company contact person
-
Registered legal company address for 1 year
-
Remote incorporation
-
Notary Services
-
Company Secretary
-
Local personnel
-
Accounting for 1 year
-
Long-term POA
-
Apostilled set of documents
-
Additional legal support
-
Corporate Account
Full turnkey company formation and support in all necessary aspects. Customized pricing!
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Initial consultation
-
Turnkey Company Formation
-
Company contact person
-
Registered legal company address for 1 year
-
Remote incorporation
-
Notary Services
-
Company Secretary
-
Local personnel
-
Accounting for 1 year
-
Long-term POA
-
Apostilled set of documents
-
Additional legal support
-
Corporate Account
A few words about us from our esteemed clients
Very proactive, responsive, and able to provide solutions and advice. The firm is familiar with the new industry of blockchain and cryptocurrency
Best company for Crypto Licenses! Kudos to the team for making the incorporation of our company really smooth
The team of LegalBison was very helpful and fast in supporting my company’s structural set up. They are undoubtedly top-level experts when it comes to licensing and registrations in the crypto and web3 industry. Highly recommend!
Incorporation Assistance in Thailand — Free Consultation
Company formation services in Thailand to incorporate a brand-new company or provide you with a shelf company. More information directly from our consulting team. Leave your request here.
Getting started with company registration in Thailand
Find out all the necessary information about registering a company for your business activity in Thailand. Discover why Thailand is a popular jurisdiction and how it may help your business reach another level. Additional information on demand, directly from our team of experienced consultants.
- Duration
- Timeline
- Remote incorporation
- Required Information
- VAT (Value Added Tax)
- Documents
How long does it take to form a company in Thailand?
Incorporation in Thailand is relatively fast. The effectiveness of the process boils down to one thing: 'When are the necessary (basic) documents ready?'. The process is counted from the moment we have all the needed documents. Please consult with our consultants to understand what documents you need to kick-start the process and draw a roadmap for your project.
- 5-10 working days if done locally provided all requirements are met;
- 7-15 days if done remotely;
- Note: Process includes securing a POA and execution of the Memorandum of Association.
Procedure to prepare the registration of a company in Thailand
The registration process of a company in Company Formation in Thailand with LegalBison is very simple. We assist in drafting all the necessary documents and guide you in providing the ones that shall come from your side. Once the documents are ready and payment is done, LegalBison takes care of the entire registration process on your behalf.
Can I form a company in Thailand remotely?
Remote incorporation is possible since Thailand has allowed the use of e-signature. However, there may be cases, post-registration, that require traveling to Thailand.
Necessary information to begin with company formation in Thailand
- 3 options of your desired name for the company and a company contact email address;
- Names, addresses, and emails of all shareholders and board members;
- Short description of your company’s activity.
Without VAT number in Thailand
Companies that do not reach the income threshold are not required to register for VAT; they can neither charge VAT nor claim it for input tax.
With VAT number in Thailand
Every company must register for VAT before its operation or within 30 days of reaching the income threshold of 1.8 million baht.
- Generally, the rate is at 7%. Some activities specifically identified are liable at a rate of 0%;
- VAT returns and payments are to be filed on a monthly basis;
- Note: If your chosen business is among the industries/activities that are exempt from VAT, you will be required to pay the Specific Business Tax (SBT) instead.
Required documents to provide to register a company in Thailand
- Passport copies (scans) of all individuals mentioned above and a beneficiary owner if applicable;
- A Power of Attorney (POA) from (all) partners/shareholders is needed (in case of a remote company registration);
- Certified company documents (in case at least one of the shareholders is going to be a foreign company).
Alternatives to company formation in Thailand
Our team has curated the following jurisdictions as being worthy alternatives to a company registered in Thailand.
Company Formation in Bahrain
from 3.300 €-
Fast growing economy
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0% taxes (except oil business)
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Business friendly environment
Company Formation in Costa Rica
from 2.350 €-
Tax-free
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Discretion of board members
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Not listed as a tax haven!
Company Formation in Estonia
from 450 €-
Fast incorporation
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0% tax on undistributed income
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Entirely remote
Company Formation in Hong Kong
from 750 €-
Ideal offshore jurisdiction
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Advantageous taxation
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Fast and cheap process
Company Formation in Labuan
from 2.500 €-
Very low taxation
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Quick and easy to set-up
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Considered as a Malaysian company
Things to know before registering your company in Thailand
Taxation of companies in Thailand
Corporate income tax is at the rate of 15% if net profit is at least 300,000 to 3 million THB or at the rate of 20% if net profit is more than 3 million baht.
- The rate may be lower than 15% under special circumstances depending on how the income is sourced;
- Dividends are also taxed at the rate of 10%;
- For purposes of payment of CIT, companies will have to estimate their annual profit and pay half of the estimated tax liability within two months after the first half of its accounting period.
DTAA signed by Thailand for companies
Similar to other jurisdictions, Thailand also has Double Taxation Agreements (DTAs) with various countries:
Armenia, Australia, Austria, Bahrain, Bangladesh, Belarus, Belgium, Bulgaria, Cambodia, Canada, Chile, China, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Great Britain and Northern Ireland, Hong Kong, Hungary, India, Indonesia, Ireland, Israel, Italy, Japan, Korea, Kuwait, Luxembourg, Malaysia, Mauritius, Myanmar, Nepal, Netherlands, New Zealand, Norway, Oman, Pakistan, Philippines, Poland, Romania, Russian, Seychelles, Singapore, Slovenia, South Africa, Spain, Sri Lanka, Sweden, Switzerland, Chinese Taipei, Tajikistan, Turkey, Ukraine, United Arab Emirates, United States of America, Uzbekistan, and Vietnam.
Accounting and audit requirements for a company in Thailand
The accounting period is 12 months. Filing of tax returns is bi-annual.
The mid-year tax return must be filed and paid within two months from the first six months of the accounting period and the year-end tax within 150 days from the closing of the accounting period.
Books must be maintained according to relevant accounting procedures required under the Civil and Commercial Code. It may be stated in other language other than Thai, but a Thai translation must be attached.
Financial statements which must be audited by a certified auditor must also be filed annually with the Department of Business Development (DBD).
Economic substance and residency requirements for companies in Thailand
A limited company may be owned wholly by foreigners, hence, there is no residency requirement for this.
However, for business activities reserved for Thai nationals, 51% of it must be owned by Thai nationals and only 49% is available for foreign subscriptions.
LegalBison offers help with all of the above requirements. We assist and are local on the ground. Speak now for free with one of our consultants to get your business started.
- Taxes in Thailand
- Double Tax Treaties
- Accounting and audit requirements
- Residency requirements for company holders
Taxation of companies in Thailand
Corporate income tax is at the rate of 15% if net profit is at least 300,000 to 3 million THB or at the rate of 20% if net profit is more than 3 million baht.
- The rate may be lower than 15% under special circumstances depending on how the income is sourced;
- Dividends are also taxed at the rate of 10%;
- For purposes of payment of CIT, companies will have to estimate their annual profit and pay half of the estimated tax liability within two months after the first half of its accounting period.
DTAA signed by Thailand for companies
Similar to other jurisdictions, Thailand also has Double Taxation Agreements (DTAs) with various countries:
Armenia, Australia, Austria, Bahrain, Bangladesh, Belarus, Belgium, Bulgaria, Cambodia, Canada, Chile, China, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Great Britain and Northern Ireland, Hong Kong, Hungary, India, Indonesia, Ireland, Israel, Italy, Japan, Korea, Kuwait, Luxembourg, Malaysia, Mauritius, Myanmar, Nepal, Netherlands, New Zealand, Norway, Oman, Pakistan, Philippines, Poland, Romania, Russian, Seychelles, Singapore, Slovenia, South Africa, Spain, Sri Lanka, Sweden, Switzerland, Chinese Taipei, Tajikistan, Turkey, Ukraine, United Arab Emirates, United States of America, Uzbekistan, and Vietnam.
Accounting and audit requirements for a company in Thailand
The accounting period is 12 months. Filing of tax returns is bi-annual.
The mid-year tax return must be filed and paid within two months from the first six months of the accounting period and the year-end tax within 150 days from the closing of the accounting period.
Books must be maintained according to relevant accounting procedures required under the Civil and Commercial Code. It may be stated in other language other than Thai, but a Thai translation must be attached.
Financial statements which must be audited by a certified auditor must also be filed annually with the Department of Business Development (DBD).
Economic substance and residency requirements for companies in Thailand
A limited company may be owned wholly by foreigners, hence, there is no residency requirement for this.
However, for business activities reserved for Thai nationals, 51% of it must be owned by Thai nationals and only 49% is available for foreign subscriptions.
LegalBison offers help with all of the above requirements. We assist and are local on the ground. Speak now for free with one of our consultants to get your business started.
About company registration in Thailand
No. Thai laws prohibit foreigners from acquiring land properties. In practice, however, if you have a limited company, it can acquire land on your behalf indirectly.
Yes, provided the job is not among those closed to foreigners and provided further that they have a valid working visa and work permit.
Based on the World Bank’s latest assessment, Thailand is the 6th best country in Asia and 26th among 190 countries when it comes to ease of doing business. It is also noted to be among the most improved in Asia for the years 2019-present.
Contact Us
Request more information about how to register a company in Thailand. Our legal consultants will provide you with all the necessary information for your project: costs, duration, requirements, and a roadmap.
Our services cover the entire incorporation process, leaving you to the actual business. Leave a request now and receive a callback in the next 24 business hours.
Consulting team dedicated into advising the best suitable jurisdiction for your project.
Corporate finance specialist and expert about FinTech regulations worldwide.
