🏢 Company Formation in Thailand — Your Step-by-Step Guide
Thailand’s dynamic economy, strategic location in Southeast Asia, and welcoming business environment make it one of the region’s most attractive destinations for entrepreneurs and investors. Whether you’re planning to open a local business, set up a company to own property, or start operations to serve the Thai market, understanding the company registration process is essential.
At Selection, we assist foreigners and locals in establishing companies in Thailand with ease — handling all the legal, administrative, and practical steps so you can focus on your goals.
🇹🇭 1. Why Start a Company in Thailand?
Thailand offers a stable economy, affordable labor, and access to major Asian markets. Foreign entrepreneurs often register Thai companies to:
Conduct business or trade in Thailand
Obtain a Business Visa (Non-Immigrant B) and Work Permit
Hire local staff and operate legally
Purchase property or long-term leasehold land under a Thai company
Foreign ownership restrictions apply in some industries, but with the right structure and guidance, setting up a compliant company is straightforward.
🧾 2. Common Company Structures in Thailand
The most common and practical structure for foreign investors is the Thai Limited Company, similar to an LLC in other countries.
Here are the main options:
Thai Limited Company
Requires at least 2 shareholders (can be Thai or foreign)
Must have one director (can be foreign)
Minimum registered capital usually THB 2 million (for work permit eligibility)
Can be majority-foreign owned in some cases (depending on business type or promotion status)
Representative Office
Cannot generate income directly
Used for market research, sourcing, or quality control for a foreign parent company
Branch Office
Extension of a foreign company
Can earn income but requires Ministry of Commerce approval
👉 Our advice: Most investors choose a Thai Limited Company, as it’s the most flexible and suitable for both property ownership and general business operations.
⚙️ 3. Step-by-Step: How to Register a Company in Thailand
Here’s what the process typically looks like:
Step 1: Company Name Reservation
Reserve your company name with the Department of Business Development (DBD). Up to three names can be submitted in order of preference.
Step 2: Prepare Company Documents
Draft and sign the Memorandum of Association (MOA) and Articles of Association (AOA). These documents outline your company structure, objectives, and shareholders.
Step 3: Register the Company
Once your documents are complete, you register your company with the DBD. You’ll receive your official Company Registration Certificate and Tax ID number.
Step 4: Open a Corporate Bank Account
Most Thai banks allow company accounts once registration is completed. You’ll need your company documents, director’s passport, and corporate seal.
Step 5: Apply for VAT Registration (if required)
If your business expects to earn more than THB 1.8 million per year, VAT registration is mandatory.
Step 6: Obtain Work Permits (if applicable)
Foreign directors or employees will need a Non-Immigrant B Visa and Work Permit. This process is linked to your company’s capital and Thai employee count.
📚 4. Legal and Accounting Requirements
Every Thai company must maintain proper accounting records and comply with local regulations.
Key obligations include:
Monthly VAT and withholding tax filings (if applicable)
Annual financial statement submission
Yearly company audit by a licensed accountant
Social security registration for employees
👉 Insider tip: Even if your company is dormant, you must still file annual reports and maintain accounting compliance to avoid penalties.
💼 5. How We Help You Register a Company in Thailand
At Selection, we make company formation in Thailand simple, fast, and stress-free.
Our services include:
✅ Consultation & Business Structuring – We advise on the right company type, shareholding setup, and capitalization for your goals.
✅ Document Preparation & Registration – We prepare all legal paperwork, liaise with the DBD, and handle the full registration on your behalf.
✅ Bank Account Assistance – We guide you through opening your corporate bank account.
✅ Tax, Accounting & VAT Registration – We ensure your business is legally compliant from day one.
✅ Visa & Work Permit Support – We assist directors and staff with visa applications and renewals.
✅ Ongoing Support – From annual accounting to business expansion, we remain your trusted partner in Thailand.
Our multilingual team (Thai, English, French, Chinese) works closely with licensed Thai lawyers and accountants to ensure every detail is handled correctly.
🌟 6. Why Work with Us
Local Expertise: Based in Pattaya, we assist clients across Thailand.
Foreign-Friendly Process: We simplify legal procedures for international clients.
Transparent Pricing: No hidden costs — you’ll know exactly what’s included.
Full-Service Support: From company creation to visa and property assistance, we handle it all.
🚀 Start Your Thai Business the Smart Way
Setting up a company in Thailand doesn’t have to be complicated — the key is having the right local support.
Whether you’re starting a business, investing in real estate, or planning a long-term stay, Selection is here to guide you through every step.
📞 Contact us today to schedule a free consultation and start your company registration in Thailand with confidence.
📍 Office: 449/30 Moo 12, Thepprasit Road, Nongprue, Banglamung, Chonburi 20150
📧 Email: pattayaselection@gmail.com
📱 Line: selectionthailand
📱 WhatsApp: +6661-449-6523