Limited Company (LLC)
Effortlessly establish your Limited Company in Thailand or LLC through our streamlined company registration services.
Designed to serve both foreign entrepreneurs and established businesses, our services allow you to establish a joint venture with Thai nationals or form a wholly foreign-owned entity.
Limited Company at a glance
100% foreign ownership is permissible for specific business activities. For others, forming a joint venture with a local partner might be necessary.
A preference share structure, combined with a meticulously drafted shareholders' agreement, serves to safeguard the interests of foreign investors.
A minimum capital of 2 million THB and a ratio of four Thai employees for every foreign employee are typically necessary to support each work permit.
Why work with VB and Partners?
Embarking in a business venture in Thailand can be tricky. That’s why VB & Partners is here to help. Our comprehensive range of services covers every step, from initial business feasibility assessments to complete incorporation and running your business operations.
Navigating local laws and regulations is an essential concern for foreign enterprises. Our tailored packages are designed to ensure adherence to legal and local practices. Backed by a team of experts who are familiar with the Thai market and regulations, resulting in the smooth operation of your business.
What does this package include
- Registration of a private limited company in Thailand (company limited co. ltd)
- Reservation of the company name
- Preparation and filing of the application
- Obtaining two company stamps (if required)
- English translation of the company’s registration certificate and list of shareholders
- Preparation of the company share register
- Preparation of share certificates
What you must know before applying
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.
Frequently Asked Question
Yes it is possible for a foreigner to open a company in Thailand. It is also possible for a company to be 100% foreign owned as well. 100% foreign ownership is only possible for companies that undertake unrestricted activities under the Foreign Business Act. Should the business engage in restricted business activities, a Foreign Business Licence would be required to ensure 100% foreign ownership.
Companies that have have received a promotion from the Board of Investment are also eligible for 100% foreign ownership. Please note, the BOI only provides promotions for selected business activities.
The official fees for registering a company in Thailand are THB 7,500.
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: Register the company for Value-Added Tax (VAT) and Income Tax
Yes, foreigners can start a business in Thailand. However, certain business activities are restricted by the Foreign Business Act and in order for businesses to undertake them they must obtain a Foreign Business Licence/Certificate which can be time consuming and complicated.
A BOI promotion offers advantages such as 100% foreign ownership, tax relief, simplified visa procedures, and additional privileges, which are not available to ordinary companies. These benefits can significantly expedite market entry and provide an advantageous setting for conducting business in Thailand.