Setting Up A Company

1. As a foreigner, can I do business in Thailand?

Yes, however foreigners are restricted from doing certain business such as Newspaper Business, Radio Broadcasting, Marketing or casting Buddha images and etc. as prescribed in the Foreign Business Act B.E. 2542 (1999).

2. What do I need to set up a company in Thailand?

You need to ensure firstly that the company is 51% Thai owned so that it can receive the incentives and benefits of being a Thai juristic person i.e. the ability to buy a piece of land. There is also a requirement of a minimum of 2 Million THB registered capital if there is a foreign worker working for the company.

3. Are there restrictions applying to the conducting of business by foreigners in Thailand?

Yes. For example, a foreigner cannot practice law in Thailand – See 1.

4. How long does it take to set up a company under Thai law?

Under Thai law, it can be done in 1 day if documents are complete.

5. What is the average cost of setting up a company in Thailand?

It varies, depending on the amount of the registered capital. For example, if the registered capital is 2 Million THB, the approximate government fee is 12,350 THB.

These contents are provided by:

Jus Laws & Consult International Law Firm is an innovative, independent international law firm, dealing almost exclusively with international clients in Thailand. Our offices are in Bangkok, Phuket and Samui.