Company Registration
Consulting Team
Consulting team dedicated into advising the best suitable jurisdiction for your project.
Phone +44 20 4577 0974
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.
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Start your company todayMore than a thousand clients trusted us to form a company
Packages for Company Formation in Thailand
Choose a package that you would like to receive more information on.
MOST POPULAR
| Compare plans | |||
|---|---|---|---|
| Initial consultation | Included | Included | Included |
| Turnkey Company Formation | Not included | Included | Included |
| Company contact person | Not included | Included | Included |
| Registered legal company address for 1 year | Not included | Included | Included |
| Remote incorporation | Not included | Included | Included |
| Notary Services | Not included | Not included | Included |
| Company Secretary | Not included | Not included | Included |
| Local personnel | Not included | Not included | Included |
| Accounting for 1 year | Not included | Not included | Included |
| Long-term POA | Not included | Not included | Included |
| Apostilled set of documents | Not included | Not included | Included |
| Additional legal support | Not included | Not included | Included |
| Corporate Account | Not included | Not included | Included |
Lead Corporate Consulting Specialist
Lead Corporate Consulting Specialist, delivering corporate advisory and regulatory strategy across crypto, FinTech, trading, and international corporate structuring verticals for clients worldwide.
Phone +44 20 4577 0974
STORIES OF OUR CLIENTS AND HOW THEY WENT BEYOND WITH OUR ASSISTANCE
A few words about us from our esteemed clients
Fast and Reliable. Quick set-up and straightforward process. It was a smooth process, we are happy to have chosen LegalBison as our Partner for incorporations, globally.
Very proactive. Very proactive, responsive, and able to provide solutions and advice. The firm is familiar with the new industry of blockchain and cryptocurrency
Reliable Partner. We are happy to cooperate with LegalBison for more than 2 years and during this time they definitely secured a reputation of very professional and reliable partner. Great knowledge, competence and good attitude. Keep up the good work!
Best for Crypto Licenses. Best company for Crypto Licenses! Kudos to the team for making the incorporation of our company really smooth
Highly recommended! 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!
A perfect fit for our business. I highly recommend Legal Bison to any entrepreneur or business seeking top-notch services for their company formation. Their commitment to excellence and customer satisfaction is truly commendable.
We felt genuinely supported. LegalBison helped us navigate a space that’s often uncertain and complex, which gave us the confidence to move forward with our project.
Excels at adapting to challenges. LegalBison excels at adapting to challenges and demonstrates a perfect understanding of our business needs.
A fruitful cooperation. As a result of the fruitful cooperation with LegalBison, Yellow Card obtained a VASP registration, fast and without any legal complications.
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
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.
Timeline
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.
Remote incorporation
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.
Required Information
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.
VAT (Value Added Tax)
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.
Documents
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).
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).
FACTS ABOUT THAILAND
Things to know before registering your company in Thailand
Taxes 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.
Double Tax Treaties
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
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).
Residency requirements for company holders
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.
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.
WHICH JURISDICTION AND LICENSE TO CHOOSE FOR YOUR PROJECT
Alternatives to company formation in Thailand
Our team has curated the following jurisdictions as being worthy alternatives to a company registered in Thailand.
BahrainCompany Formation in Bahrain
from 3.300 €
- Fast growing economy
- 0% taxes (except oil business)
- Business friendly environment
Costa RicaCompany Formation in Costa Rica
from 2.350 €
- Tax-free
- Discretion of board members
- Not listed as a tax haven!
EstoniaCompany Formation in Estonia
from 450 €
- Fast incorporation
- 0% tax on undistributed income
- Entirely remote
Hong KongCompany Formation in Hong Kong
from 750 €
- Ideal offshore jurisdiction
- Advantageous taxation
- Fast and cheap process
LabuanCompany Formation in Labuan
from 2.500 €
- Very low taxation
- Quick and easy to set-up
- Considered as a Malaysian company
No offers are listed for this selection.
About company registration in Thailand
The right path forward, regardless of project stage
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.
Information on this page is general and may change as regulations change. It isn’t legal, tax, or investment advice. Contact us for advice on your situation. Read our full disclaimer.
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.
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.
from 3,000 € - 2-3 weeks
Get In Touch With Our Experts!
Our team of experts will be glad to provide you with answers and a one-stop-shop solution to all your legal corporate needs.
Company Registration
Consulting Team
Consulting team dedicated into advising the best suitable jurisdiction for your project.
Phone +44 20 4577 0974
Lead Corporate Consulting Specialist
Lead Corporate Consulting Specialist, delivering corporate advisory and regulatory strategy across crypto, FinTech, trading, and international corporate structuring verticals for clients worldwide.
Phone +44 20 4577 0974