The Kingdom of Thailand has a strategic position in Southeast Asia and serves as a gateway to other major destinations. With its year-round tropical weather and stunning beaches, the Land of Smiles is not only an attractive place to live but also a fantastic location to start a business and earn a living in paradise. Combining its ideal location and lifestyle, Thailand emerges as a prime destination for setting up a company. The Foreign Business Act of Thailand offers a wide variety of business structures, some of which are very suitable for foreigners wanting to do business in Thailand.

Company Registration Services

The most popular corporate structure selected when setting up a company in Thailand is a Thai Limited Companybecause of its flexibility and protection. It is also the easiest one to set up and can be ready to operate rather quickly. Other corporate structures include; Representative Office, Branch Office, BOI Company, Amity Treaty Company, or a 100% Foreign Owned Company.

Thailand offers great business potential to those willing to start a business in Thailand. One of the most common questions we get asked is; what type of business should I start? The answer is to start a business you feel you have the most experience in. Then make a plan and talk to a business consultant.

Below you will find some basic information on the various business structures available. Professional Corporate Services provides company registration services for every type of corporate structure.

Setting Up A Thai Limited Company

The most common corporate structure used when setting up a company in Thailand is a Thai Limited Liability Company (LLC). This structure is favored for its flexibility, ease of setup, and ability to support a wide variety of business types. See more details on setting up a Thai Limited Company.

Setting Up A Branch Office

Foreign companies wishing to operate in Thailand should consider setting up a Branch Office. This structure is particularly advantageous as it allows for 100% foreign ownership, provided the company meets certain qualifications. This will allow for a seamless business continuity and market expansion into the growing South East Asian market under a clear legal framework provided by the Foreign Business Act B.E. 2542 (FBA). When approved they would be granted a Foreign Business License (FBL). See more details on setting up a Branch Office in Thailand.

Setting Up A Representative Office

A Representative Office provides foreign investors with the opportunity to evaluate potential market opportunities in Thailand without the need to establish a subsidiary. This structure is ideal for companies looking to conduct preliminary business activities and gather market intelligence before committing to a full-fledged business operation. The entire operation of the Representative Office must be completely financed by the foreign head office. See more details on setting up a Representative Office.

Setting Up a BOI Company

What is a BOI Company? The Board of Investment (BOI), a government body, role in Thailand, is to help investors open businesses in Thailand while providing them with benefits, including tax exemptions (0% Corporate Income Tax for up to 13 years for some business types), 100% foreign ownership, as well as work permits and visa help for qualified individuals. Setting up a BOI company is a complex and time-consuming process. Some investors will find this corporate set up worthy of their efforts. See more details on setting up a BOI company.

Setting Up An Amity Treaty Company

The Treaty of Amity gives special rights and benefits to American citizens and corporations. Specifically, it allows Americans to open an Amity Treaty Company in Thailand and own 100% of the shares of the company. There are some limitation and restrictions as to what activities an Amity Treaty Company can engage in. We suggest that you read our section on setting up an Amity Treaty Company to get more information. See more details on setting up an Amity Treaty company in Thailand.

Setting Up A 100% Foreign Owned Company

One of the most frequently asked questions we are asked is whether a Foreigner can own 100% of a company in Thailand. The Foreign Business Act does allow for foreigners to register and operate a 100% Foreign Owned Company. The process can take anywhere from 3 to 6 months to get approval and will require the company to obtain a Foreign Business License (FBL). The 100% Foreign Owned Company may also be restricted in what activities it can engage in. See more details on setting up a 100% Foreign Owned Company in Thailand.

Summary - Setting Up A Company In Thailand

At Professional Corporate Services, our professional business consultants can listen to your idea(s) and recommend the right corporate structure based solely on your needs. We would explain the process in detail so that you understand from the get go what you are about to get yourself into. Then using our highly trained staff execute the work within a reasonable timeframe and at a fraction of the cost other firms charge.

Contact Us for more information or to consult with a professional at PCS about setting up a company in Thailand. Your first consultation is totally FREE. Please use the contact form below. We are looking forward to serving you.


Contact PCS

Our Address

253 Sukhumvit 21 Road (Asoke), 25th Floor

Email Us

contact@pcsthai-1.com

Call Us

+66 2 109 5160

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