How to Set Up a Company in Thailand

Setting up a company in Thailand is relatively straightforward, but understanding the local regulations and navigating the language can be challenging. This guide simplifies the process to help you get started.

1. Structuring Your Company

Before registering your company, it’s crucial to carefully plan its structure. Here’s why:

Shareholding Ratio: A company with over 50% foreign ownership may face restrictions under the Foreign Business Act. Seek professional advice on structuring ownership to comply with regulations and mitigate restrictions.

Shareholder Agreements: You might need to draft a shareholder agreement or other arrangements to ensure smooth business operations and protect stakeholder interests.

Expert guidance at this stage will help you align your company’s structure with legal requirements and business goals.


2. Reserving Your Company Name

To reserve a company name:

Check Name Availability: Perform a search to ensure your desired name is available. This process is done online but is conducted in Thai, so local assistance is recommended.

Reserve Your Name: Once approved, reserve the name officially.
Local expertise can make this step quicker and easier.

3. Preparing Registration Forms and Documents

All registration forms are written in Thai. Here’s what you need to know:

Legal Support: A local lawyer will prepare the necessary forms and documents on your behalf. They will gather the required information and materials from you.

Translation Services: Many law firms provide translated copies of the documents to keep you informed. We also offer translation services to ensure you fully understand the process.

Registration Timeline: Once the forms are completed and all documents are submitted, the registration process can typically be completed in just one day.

Recommendations

1) Understand Foreign Ownership Regulations

Familiarize yourself with Thailand’s laws regarding foreign ownership before starting your business.

2) Consider BOI Promotion

Applying for Board of Investment (BOI) promotion can provide tax incentives and other benefits.

3) Partner with a Local Thai

Partnering with a Thai national can help you navigate restrictions and cultural nuances. Building strong local relationships is key to successful operations.

We are a commercial law firm offering a comprehensive range of legal services in both Thai and English. If you are considering establishing a company in Thailand, feel free to contact us at phutthaphotng@gmail.com for a free initial consultation.

Phutthaphot Nontree

Attorney-at-law