Starting a business
in Thailand made simple

Why choose VB & Partners
Simple

  • Complete a simple online questionnaire
  • We interact with the Government departments on your behalf

Fast

  • Kickstart your project quickly
  • Our team of legal experts will answer your questions within 24h

Premium Value

  • Top-tier service with transparent pricing
  • Packages tailored to your needs

Peace of mind

  • One-Stop Solutions
  • Experienced business minded experts offering practical solutions

They trust us

Starting a business in Thailand

Most popular structures to start a business in Thailand
Icone 1
Limited Company
FROM
70,000THB
Minimum 50,000 Baht registered capital
Suitable for most business activities
A local Thai partner is generally required

5 Business Days
Learn More

Excluding official fees and transportation fees

Price: + 7% VAT

Icone 2
BOI Company
FROM
250,000THB
Minimum investment: 1M THB
For specific business activities
100% foreign owned

3 to 6 Months
Learn More

Excluding official fees and transportation fees

Price: + 7% VAT

Icone 3
PEO Service
FROM
15,000THB
No minimum investment
Suitable for skilled employees
Renewable on a yearly basis

30 Business Days
Learn More

Excluding official fees and transportation fees

Price: + 7% VAT

Vb Partners

Run a business in Thailand

All you need to ensure smooth business operations

Monthly Legal Assistance

Quick answers to ensure compliance

Our team of legal experts are available to provide reliable legal answers, review your essential documents, and offer guidance for your business in Thailand.

Our experienced team of lawyers provides up to 2 hours of monthly assistance, with unused hours carrying forward. Ideal for startups and scaling businesses.

starting a business in thailand
What they say about us

Frequently Asked Question

Starting a business in Thailand as a foreigner is it possible?

While it is not legal requirement to hire a business registration lawyer to open a business in Thailand, doing so is highly recommended. A business lawyer with expertise in Thai business laws and regulations can provide valuable advice and guidance throughout the process. Furthermore, most, if not all of the legal documentation and paperwork e.g. registration forms are all in the Thai language.

How do I start a limited company in Thailand?

Preliminary requirements: Passport copies or Thai ID copies of at least 2 individual shareholders, 1 individual director (who can also be a director) and an office address.

Step 1: Choose and register a company name.

Step 2: Draft and file the Memorandum of Association.

Step 3: Call and hold a Statutory Meeting of the shareholders

Step 4: Register the Company with the Ministry of Commerce.

Step 5: Open a bank account

Step 6: Register the company for Value-Added Tax (VAT) and Social Security Office

Step 7: Apply for business licenses (if required) and setup the accounting and invoicing system

How much money do you need to start a business in Thailand?

In practice, you can register a company with 50,000 THB minimum capital. However, if the company hires foreign employees or needs to obtain some business licenses, additional capital requirements may apply. For example:

- Minimum capital for a limited company with a foreign employee: 2 million Baht (per foreign employee, however if the foreign employee is married to a Thai national, 1 million Baht)


- Minimum capital for a majority foreign-owned limited company not subject to a Foreign Business License: 2 millions Baht


- Minimum capital for a majority foreign-owned company with a Foreign Business Licence: 3 million Baht (or 25% of the average annual estimated expenses for three years of operation - whichever is the higher)


- Minimum capital with a BOI License: 1 million Baht (no capital requirement for foreign skilled employees).

Once paid, the capital can be spent freely for the business operation (rent, salaries, purchases, etc.).

What is a BOI company in Thailand?

Thailand’s Board of Investment is a special government agency who focuses on promoting foreign investment within Thailand. A BOI promotion removes many of the barriers to doing business in Thailand, such as the restrictions of the Foreign Business Act. The BOI also provides qualifying projects with a series of impressive incentives such as: - Tax benefits such as income tax exemptions for a fixed period (depending on business activities). - 100% foreign ownership of a company. - Reduced requirements for supporting work permits i.e. no quotas for hiring foreigners - The ability to own land. Checking the eligibility for a BOI Promotion should always be the first option considered when opening a company in Thailand

How do I set up a BOI company in Thailand?

In order to set up a BOI company in Thailand, applicants need to satisfy the criteria set out by the Board of Investment. Examples of this criteria includes having a capital investment of at least 1,000,000 Thai baht; Have a minimum of three registered shareholders; Be a registered company in Thailand; and most importantly, the companies business activities must be in one of the eligible industries as decided by the BOI.

What is the process for business registration for a new company registration in Thailand?

To register a new company in Thailand, you typically need to submit required documents, such as the company memorandum, obtain a corporate bank account, and register for tax. It's advisable to consult with the Department of Business Development in Thailand for specific guidelines and procedures.

Do i need a business registration lawyer to open a business in Thailand?

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While it is not legal requirement to hire a business registration lawyer to open a business in Thailand, doing so is highly recommended. A business lawyer with expertise in Thai business laws and regulations can provide valuable advice and guidance throughout the process. Furthermore, most, if not all of the legal documentation and paperwork e.g. registration forms are all in the Thai language.

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Book a Call with our expert

Up to an hour consultation on the process of starting and running a business in Thailand.

During this session, our lawyer will provide insights into key areas, including company structure, outsourced employment services, taxes, accounting, and other general facets of running a business in Thailand. Additionally, we are here to address any other legal queries you might have, ensuring you have a comprehensive understanding of the topic at hand.

Our responses will be pragmatic, breaking down both the legal aspects and local practices in a manner that’s easy to grasp.

Should your questions require additional research, our experts will delve deeper and follow up with further insights via email.

This consultation is offered by legal experts fluent in English, French, or Thai.

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