How to Register a Company in Thailand: Complete Guide

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Reviewed by Wichuda Atthamethakon, LL.M., Thai Bar Licence 3149/2556, for ThaiLawOnline, a Thai law firm acting for foreigners since 2006.

Edited by Sebastien H. Brousseau, LL.B., B.Sc. Last updated 2 November 2026.
Update log
  • 31 October 2026: Added the statute box with Thai, English and French text and checked the page against the official text

DBD filing becomes fully online on 1 November 2026

From 1 November 2026, the Department of Business Development will accept every application concerning partnerships and private limited companies only through DBD Biz Regist. Paper walk-in filing ends not only for new incorporations, which already moved online on 1 July 2026, but also for amendments and later registrations, including directors and signing authority, registered office, capital, objects, dissolution and liquidation. This is an official DBD filing procedure, not an amendment to substantive company law. Read the official DBD announcement and use the DBD Biz Regist portal.

Clients facing a filing deadline should prepare exact passport spelling, current email and mobile details, identity verification and the required signing method before submission. The announcement states no general paper-filing exception.

Registered office: the address evidence rule

Central Partnership and Company Registration Office Order No. 4/2568 has applied since 1 January 2026. For an incorporation or change of head-office address, the registrar checks the house code, house number and location details against civil-registration records. Where five or more partnerships or companies are already registered at the same premises, the applicant must also supply written consent from the person entitled to allow use of the premises and copies of the evidence establishing that right. This is an additional evidence requirement, not a prohibition on virtual offices or a maximum of five companies per address.

Before paying for a registered-office package, ask the provider how many entities already use the premises and whether the required consent and supporting documents will be supplied. DBD registration does not, by itself, confirm suitability for VAT registration, a work permit or a sector licence. Read the official Order No. 4/2568.

Payroll deadline: Employee Welfare Fund

Employee Welfare Fund: five steps to prepare payroll

Before the January 2027 payroll, companies employing ten or more staff should establish which employees fall within the Employee Welfare Fund and which have a qualifying provident-fund or other statutory exemption. Contributions start on 1 January 2027, initially at 0.25% of wages from the employee and 0.25% from the employer. The ordinary remittance deadline is the 15th of the following month. See the commencement decree and the coverage and payroll guidance in our Thai labour-law guide.

Update, 2 November 2026: collection is postponed to 1 January 2027. The Royal Decree on the start of collection B.E. 2569, published in the Royal Gazette on 22 October 2026 (vol. 143, part 65 Kor), repeals the B.E. 2568 decree, and its section 4 starts collection on 1 January 2027. No first remittance falls due on 15 November 2026. January 2027 is the first month, so the first remittance falls due by 15 February 2027. The Cabinet also accepted in principle a draft that would apply the 0.25% rates to 31 December 2031 and the 0.50% rates from 1 January 2032. We have not yet read that regulation in the Gazette, so check it before relying on those two dates.

Starting a business in Thailand can be an exciting chance. However, the registration process needs careful attention to legal rules and steps. It is important to know the right steps and possible problems. This helps your company start well and avoid costly delays or legal issues during the company registration process.

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Last reviewed: 30 August 2026. Sections 1096, 1097, 1098, 1105, 1107, 1108, 1110, 1111, 1111/1 and 1112 of the Civil and Commercial Code were each read against the Thai text in our own annotated Code. Sections 14 and 36 of the Foreign Business Act B.E. 2542 were read in the Thai original, and sections 94, 96, 97 and 98 of the Land Code in the Council of State text. Supreme Court Decisions 6412/2560, 1038/2538 and 2252/2560 were each read in full in Thai. The government fees are those in the Department of Business Development’s current registration guide, and the Thai shareholder evidence requirements were read from the primary text of Central Registrar Order 2/2569. The tax deadlines in Step 5 were not re-verified against the Revenue Code in this review, so confirm them with the Revenue Department when you file. Re-read on 5 October 2026: Step 5 no longer tells a new company to apply separately for a tax ID (its DBD registration number is its tax number); the seven-day item in the deadline list now runs before the statutory meeting, as section 1107 says; two FAQs (the order of the steps, and the Foreign Business Act licence a representative office needs) were corrected; Dika 159/2566 and 17923/2557 were read in the corpus and match what the page says of them.

How to Register a Company in Thailand
How to Register a Company in Thailand

Table of Contents

Understanding the Basics: Thai Limited Company Structure

The most popular business structure for foreigners in Thailand is the private limited company (บริษัทจำกัด). This structure provides limited liability protection for shareholders while offering flexibility in operations and the ability to obtain work permits for foreign employees.

Key Requirements for Thai Limited Companies:

  • Minimum of 2 shareholders, of any nationality. Section 1097 of the Civil and Commercial Code required three promoters until the Civil and Commercial Code Amendment Act (No. 23) B.E. 2565, published in the Royal Gazette vol. 139 part 69 Kor on 8 November 2022 and in force on 7 February 2023, rewrote it to read “any two or more persons”. The Code does not require any of them to be Thai.
  • At least 1 director (can be Thai or foreign national)
  • You need enough registered capital for your business. Usually, this means 2 million baht for one work permit. This amount is higher under the Treaty of Amity
  • Thai business address (virtual offices are permitted but VAT registration need a physical office)

Foreign Ownership Rules and Capital Requirements

One of the most important aspects for foreigners to understand is Thailand’s ownership restrictions. Under the Foreign Business Act (FBA), a company counts as foreign once foreigners hold half or more of its capital (section 4), so in restricted sectors the foreign holding stays below 50%. Most companies set it at 49%. However, there are legal pathways to achieve majority or even 100% foreign ownership through:

  • Board of Investment (BOI) promotion
  • Foreign Business License (FBL)
  • Treaty of Amity (for US citizens only)
  • Certain non-restricted business activities are necessary for limited liability companies in Thailand.

Capital Requirements by Business Type

The capital requirements vary significantly depending on your business structure and staffing plans:

  • Thai-majority company: No legal minimum, but practically at least 100,000 THB
  • Companies employing foreigners: Minimum 2 million THB per foreign employee
  • Foreign-majority companies: Minimum 2-3 million THB plus FBL requirements

Registered capital is not the same as cash in the bank on day one. Section 1105 of the Civil and Commercial Code sets the floor: the first payment on each share must be at least 25% of its nominal amount, and under section 1110 the directors must call for that payment before they apply to register the company. The balance can be called later. What the capital figure decides immediately is what the company can do, which is why the work permit and Foreign Business Act figures above are worth settling before the memorandum is filed rather than after.

The law behind this page

English

Section 1097Amended on 7 February 2023

Full text

Any two or more persons may promote and form a limited company by subscribing their names to a memorandum and otherwise complying with the provisions of this Code.

ThaiLawOnline translation

Section 1098

Full text

The memorandum of association must contain the following particulars: (1) the name of the proposed company, which must always end with the word "Limited"; (2) the place in the Kingdom where the registered office of the company is to be situated; (3) all the objects of the company; (4) a statement that the liability of the shareholders is limited; (5) the amount of share capital which the company proposes to register, divided into shares of a fixed value each; (6) the names, addresses, occupations and signatures of all the promoters, and the number of shares subscribed by each of them.

ThaiLawOnline translation

Section 1108Amended on 7 February 2023

Full text

The business to be transacted at the statutory meeting is as follows: (1) to agree on the articles of association of the company, which should also provide a method for resolving problems or disputes on which the directors or the shareholders cannot reach a settlement or pass a resolution; (2) to ratify the contracts entered into by the promoters and any expenses incurred by them in promoting the company; (3) to fix the amount, if any is intended, to be paid to the promoters; (4) to fix the number of preference shares, if any such shares are to exist in the company, and to determine their nature and the extent of their preference; (5) to fix the number of ordinary shares or preference shares to be allotted as fully paid up or as partly paid up otherwise than in money, and to determine the extent to which they are to be treated as paid up; if there are to be such shares in the company, it shall be specifically stated at the meeting, and described clearly in every respect, for what services or in return for what property such ordinary or preference shares are to be allotted as paid up; (6) to elect the first directors and auditors of the company and to determine their powers.

ThaiLawOnline translation

Section 1111/1Amended on 26 July 2008

Full text

On the formation of a company, where all of the following steps are completed on the same day as the promoters make the memorandum of association, the directors may apply to register the memorandum and to register the company together on that same day: (1) subscribers have been found for the whole of the shares the company is to register; (2) a statutory meeting has been held to consider the matters under Section 1108, attended by the promoters and all the subscribers, and the promoters and all the subscribers have approved the business of that meeting; (3) the promoters have handed over the whole of the business to the directors; (4) the directors have called on the subscribers to pay for their shares under Section 1110 paragraph two, and payment has been completed.

ThaiLawOnline translation

Section 1105

Full text

Shares may not be issued at a price below their stated value. Shares may be issued at a price above their stated value if the memorandum of association so authorises, and in that case the excess amount must be paid together with the first payment. The first payment on shares must not be less than twenty-five per cent of their stated value.

ThaiLawOnline translation

Section 1112

Full text

If registration is not effected within three months from the statutory meeting, the company is deemed not to have been formed, and all money received from the subscribers must be repaid in full without any deduction. If any such money remains unrepaid three months after the statutory meeting, the directors of the company are jointly liable to repay both the principal and interest calculated from the expiry of that three-month period. However, a director who proves that the loss of the money or the delay in repayment was not due to his fault is not liable to pay the principal or interest.

ThaiLawOnline translation

Section 4 Foreign Business Act B.E. 2542

Full text

In this Act: "alien" means: (1) a natural person who does not have Thai nationality; (2) a juristic person not registered in Thailand; (3) a juristic person registered in Thailand and having the following characteristics: (a) a juristic person in which shares representing half or more of its capital are held by persons under (1) or (2), or a juristic person in which persons under (1) or (2) have invested a value of half or more of its total capital; (b) a limited partnership or registered ordinary partnership whose managing partner or manager is a person under (1); (4) a juristic person registered in Thailand in which shares representing half or more of its capital are held by persons under (1), (2) or (3), or in which persons under (1), (2) or (3) have invested a value of half or more of its total capital. For the purposes of this definition, shares of a limited company for which bearer share certificates are issued are deemed to be shares of an alien, unless otherwise prescribed in a Ministerial Regulation. "capital" means the registered capital of a limited company, the paid-up capital of a public limited company, or the money contributed as shares by partners or members to a partnership or juristic person; "minimum capital" means the capital of an alien where the alien is a juristic person registered in Thailand, and, where the alien is a juristic person not registered in Thailand or a natural person, the foreign currency the alien brings in for use on commencing business in Thailand; "business" means engaging in agriculture, industry, handicraft, commerce, services or other activities, for trade; "licence" means a licence to operate a business; "licensee" means an alien who has received a licence; "certificate" means a certificate to operate a business; "certificate holder" means an alien who has received a certificate; "Committee" means the Foreign Business Committee; "competent official" means a person appointed by the Minister to act under this Act; "Registrar" means a person appointed by the Minister as Registrar of Foreign Business Operations; "Director General" means the Director General of the Department of Business Development; "Minister" means the Minister in charge of this Act.

ThaiLawOnline translation

Section 36 Foreign Business Act B.E. 2542

Full text

A person of Thai nationality or a juristic person that is not an alien under this Act who assists or supports, or joins in operating, a business of an alien that is a business specified in the Lists annexed to this Act, where that alien has not been permitted to operate that business, or who joins in operating a business of an alien while representing it as being their business alone, or who holds shares on behalf of an alien in a partnership, limited company or any juristic person so that the alien may operate a business by evading or violating the provisions of this Act, and likewise an alien who consents to a person of Thai nationality or a juristic person that is not an alien under this Act doing such an act, shall be liable to imprisonment not exceeding 3 years, or a fine from 100,000 baht to 1,000,000 baht, or both, and the court shall order the assistance or support to cease, or the joint operation of the business to cease, or the shareholding or partnership to cease, as the case may be. A person who fails to comply with the court's order shall be liable to a fine of 10,000 baht to 50,000 baht per day for as long as the violation continues.

ThaiLawOnline translation

ไทย

มาตรา 1097แก้ไขเมื่อ 7 กุมภาพันธ์ 2566

ข้อความเต็ม

บุคคลใด ๆ ตั้งแต่สองคนขึ้นไปจะเริ่มก่อการและตั้งเป็นบริษัทจำกัดก็ได้ โดยเข้าชื่อกันทำหนังสือบริคณห์สนธิ และกระทำการอย่างอื่นตามบทบัญญัติแห่งประมวลกฎหมายนี้

ตรงตามข้อความในราชกิจจานุเบกษา / สำนักงานคณะกรรมการกฤษฎีกา (Verbatim from the Royal Gazette / Office of the Council of State)

มาตรา 1098

ข้อความเต็ม

หนังสือบริคณห์สนธินั้น ต้องมีรายการดังต่อไปนี้ คือ (๑) ชื่อบริษัทอันคิดจะตั้งขึ้น ซึ่งต้องมีคำว่า “จำกัด” ไว้ปลายชื่อนั้นด้วยเสมอไป (๒) ที่สำนักงานของบริษัทซึ่งบอกทะเบียนนั้นจะตั้งอยู่ ณ ที่ใดในพระราชอาณาเขต (๓) วัตถุที่ประสงค์ทั้งหลายของบริษัท (๔) ถ้อยคำสำแดงว่า ความรับผิดของผู้ถือหุ้นจะมีจำกัด (๕) จำนวนทุนเรือนหุ้นซึ่งบริษัทคิดกำหนดจะจดทะเบียนแบ่งออกเป็นหุ้นมีมูลค่ากำหนดหุ้นละเท่าไร (๖) ชื่อ สำนัก อาชีวะ และลายมือชื่อของบรรดาผู้เริ่มก่อการ ทั้งจำนวนหุ้นซึ่งต่างคนต่างเข้าชื่อซื้อไว้คนละเท่าใด

ตรงตามข้อความในราชกิจจานุเบกษา / สำนักงานคณะกรรมการกฤษฎีกา (Verbatim from the Royal Gazette / Office of the Council of State)

มาตรา 1108แก้ไขเมื่อ 7 กุมภาพันธ์ 2566

ข้อความเต็ม

กิจการอันจะพึงทำในที่ประชุมตั้งบริษัทนั้น คือ(๑) ทำความตกลงตั้งข้อบังคับต่าง ๆ ของบริษัท ทั้งนี้ ควรกำหนดวิธีการแก้ไขปัญหาหรือข้อขัดแย้งที่ไม่สามารถหาข้อยุติหรือไม่สามารถลงมติระหว่างกรรมการหรือผู้ถือหุ้นไว้ด้วย(๒) ให้สัตยาบันแก่บรรดาสัญญาซึ่งผู้เริ่มก่อการได้ทำไว้และค่าใช้จ่ายอย่างหนึ่งอย่างใดซึ่งเขาต้องออกไปในการเริ่มก่อบริษัท(๓) วางกำหนดจำนวนเงินซึ่งจะให้แก่ผู้เริ่มก่อการ ถ้าหากมีเจตนาว่าจะให้(๔) วางกำหนดจำนวนหุ้นบุริมสิทธิ ทั้งกำหนดสภาพและบุริมสิทธิแห่งหุ้นนั้น ๆ ว่าเป็นสถานใดเพียงใด ถ้าหากจะมีหุ้นเช่นนั้นในบริษัท(๕) วางกำหนดจำนวนหุ้นสามัญ หรือหุ้นบุริมสิทธิซึ่งออกให้เหมือนหนึ่งว่าได้ใช้เต็มค่าแล้วหรือได้ใช้แต่บางส่วนแล้ว เพราะใช้ให้ด้วยอย่างอื่นนอกจากตัวเงิน และกำหนดว่าเพียงใดซึ่งจะถือเอาเป็นว่าได้ใช้เงินแล้ว ถ้าหากจะมีหุ้นเช่นนั้นในบริษัทให้แถลงในที่ประชุมโดยเฉพาะว่า ซึ่งจะออกหุ้นสามัญหรือหุ้นบุริมสิทธิให้เหมือนหนึ่งว่าได้ใช้เงินแล้วเช่นนั้น เพื่อแทนคุณแรงงานหรือตอบแทนทรัพย์สินอย่างใด ให้พรรณนาจงชัดเจนทุกประการ(๖) เลือกตั้งกรรมการและพนักงานสอบบัญชีอันเป็นชุดแรกของบริษัท และวางกำหนดอำนาจของคนเหล่านี้ด้วย

ตรงตามข้อความในราชกิจจานุเบกษา / สำนักงานคณะกรรมการกฤษฎีกา (Verbatim from the Royal Gazette / Office of the Council of State)

มาตรา 1111/1แก้ไขเมื่อ 26 กรกฎาคม 2551

ข้อความเต็ม

ในการจัดตั้งบริษัท ถ้าได้ดำเนินการครบทุกขั้นตอนดังต่อไปนี้ภายในวันเดียวกับวันที่ผู้เริ่มก่อการจัดทำหนังสือบริคณห์สนธิ กรรมการจะขอจดทะเบียนหนังสือบริคณห์สนธิ และจดทะเบียนบริษัทไปพร้อมกันภายในวันเดียวกันก็ได้ (๑) จัดให้มีผู้เข้าชื่อซื้อหุ้นครบตามจำนวนหุ้นทั้งหมดที่บริษัทจะจดทะเบียน (๒) ประชุมจัดตั้งบริษัทเพื่อพิจารณากิจการต่าง ๆ ตามมาตรา ๑๑๐๘ โดยมีผู้เริ่มก่อการและผู้เข้าชื่อซื้อหุ้นทุกคนเข้าร่วมประชุม และผู้เริ่มก่อการและผู้เข้าชื่อซื้อหุ้นทุกคนให้ความเห็นชอบในกิจการที่ได้ประชุมกันนั้น (๓) ผู้เริ่มก่อการได้มอบกิจการทั้งปวงให้แก่กรรมการ (๔) กรรมการได้เรียกให้ผู้เข้าชื่อซื้อหุ้นใช้เงินค่าหุ้นตามมาตรา ๑๑๑๐ วรรคสอง และเงินค่าหุ้นดังกล่าวได้ใช้เสร็จแล้ว

ตรงตามข้อความในราชกิจจานุเบกษา / สำนักงานคณะกรรมการกฤษฎีกา (Verbatim from the Royal Gazette / Office of the Council of State)

มาตรา 1105

ข้อความเต็ม

อันหุ้นนั้น ท่านห้ามมิให้ออกโดยราคาต่ำไปกว่ามูลค่าของหุ้นที่ตั้งไว้การออกหุ้นโดยราคาสูงกว่ามูลค่าของหุ้นที่ตั้งไว้นั้น หากว่าหนังสือบริคณห์สนธิให้อำนาจไว้ ก็ให้ออกได้ และในกรณีเช่นนั้น ต้องส่งใช้จำนวนที่ล้ำมูลค่าพร้อมกันไปกับการส่งใช้เงินคราวแรกอนึ่ง เงินส่งใช้ค่าหุ้นคราวแรกนั้น ต้องมิให้น้อยกว่าร้อยละยี่สิบห้าแห่งมูลค่าของหุ้นที่ตั้งไว้

ตรงตามข้อความในราชกิจจานุเบกษา / สำนักงานคณะกรรมการกฤษฎีกา (Verbatim from the Royal Gazette / Office of the Council of State)

มาตรา 1112

ข้อความเต็ม

ถ้าการจดทะเบียนมิได้ทำภายในสามเดือนนับแต่ประชุมตั้งบริษัทไซร้ ท่านว่าบริษัทนั้นเป็นอันไม่ได้ตั้งขึ้น และบรรดาเงินที่ได้รับไว้จากผู้เข้าชื่อซื้อหุ้นนั้นต้องใช้คืนเต็มจำนวนมิให้ลดเลยถ้ามีจำนวนเงินเช่นว่านั้นค้างอยู่มิได้คืนในสามเดือนภายหลังการประชุมตั้งบริษัทไซร้ ท่านว่ากรรมการของบริษัทต้องรับผิดร่วมกันที่จะใช้ทั้งต้นเงินและดอกเบี้ยคิดตั้งแต่เวลาสิ้นกำหนดสามเดือนนั้นแต่ถ้ากรรมการคนใดพิสูจน์ได้ว่า การที่เงินขาดหรือที่ใช้คืนช้าไปมิได้เป็นเพราะความผิดของตนไซร้ กรรมการคนนั้นก็ไม่ต้องรับผิดในการใช้ต้นเงินหรือดอกเบี้ย

ตรงตามข้อความในราชกิจจานุเบกษา / สำนักงานคณะกรรมการกฤษฎีกา (Verbatim from the Royal Gazette / Office of the Council of State)

มาตรา 4 พระราชบัญญัติการประกอบธุรกิจของคนต่างด้าว พ.ศ. 2542

ข้อความเต็ม

ในพระราชบัญญัตินี้ “คนต่างด้าว” หมายความว่า (๑) บุคคลธรรมดาซึ่งไม่มีสัญชาติไทย (๒) นิติบุคคลซึ่งไม่ได้จดทะเบียนในประเทศไทย (๓) นิติบุคคลซึ่งจดทะเบียนในประเทศไทย และมีลักษณะดังต่อไปนี้ (ก) นิติบุคคลซึ่งมีหุ้นอันเป็นทุนตั้งแต่กึ่งหนึ่งของนิติบุคคลนั้นถือโดยบุคคลตาม (๑) หรือ (๒) หรือนิติบุคคลซึ่งมีบุคคลตาม (๑) หรือ (๒) ลงทุนมีมูลค่าตั้งแต่กึ่งหนึ่งของทุนทั้งหมดในนิติบุคคลนั้น (ข) ห้างหุ้นส่วนจำกัดหรือห้างหุ้นส่วนสามัญที่จดทะเบียน ซึ่งหุ้นส่วนผู้จัดการหรือผู้จัดการเป็นบุคคลตาม (๑) (๔) นิติบุคคลซึ่งจดทะเบียนในประเทศไทย ซึ่งมีหุ้นอันเป็นทุนตั้งแต่กึ่งหนึ่งของนิติบุคคลนั้นถือโดยบุคคลตาม (๑) (๒) หรือ (๓) หรือนิติบุคคลซึ่งมีบุคคลตาม (๑) (๒) หรือ (๓) ลงทุน มีมูลค่าตั้งแต่กึ่งหนึ่งของทุนทั้งหมดในนิติบุคคลนั้น เพื่อประโยชน์แห่งคำนิยามนี้ให้ถือว่าหุ้นของบริษัทจำกัดที่มีใบหุ้นชนิดออกให้แก่ผู้ถือเป็นหุ้นของคนต่างด้าว เว้นแต่จะได้มีกฎกระทรวงกำหนดไว้เป็นอย่างอื่น “ทุน” หมายความว่า ทุนจดทะเบียนของบริษัทจำกัด หรือทุนชำระแล้วของบริษัทมหาชนจำกัด หรือเงินที่ผู้เป็นหุ้นส่วนหรือสมาชิกนำมาลงหุ้นในห้างหุ้นส่วนหรือนิติบุคคลนั้น “ทุนขั้นต่ำ” หมายความว่า ทุนของคนต่างด้าวในกรณีที่คนต่างด้าวเป็นนิติบุคคลซึ่งจดทะเบียนในประเทศไทย และในกรณีที่คนต่างด้าวเป็นนิติบุคคลซึ่งไม่ได้จดทะเบียนในประเทศไทยหรือเป็นบุคคลธรรมดาให้หมายถึงเงินตราต่างประเทศที่คนต่างด้าวนำมาใช้เมื่อเริ่มต้นประกอบธุรกิจในประเทศไทย “ธุรกิจ” หมายความว่า การประกอบกิจการในทางเกษตรกรรม อุตสาหกรรม หัตถกรรม พาณิชยกรรม การบริการ หรือกิจการอย่างอื่น อันเป็นการค้า “ใบอนุญาต” หมายความว่า ใบอนุญาตประกอบธุรกิจ “ผู้รับใบอนุญาต” หมายความว่า คนต่างด้าวที่ได้รับใบอนุญาต “หนังสือรับรอง” หมายความว่า หนังสือรับรองการประกอบธุรกิจ “ผู้รับหนังสือรับรอง” หมายความว่า คนต่างด้าวที่ได้รับหนังสือรับรอง “คณะกรรมการ” หมายความว่า คณะกรรมการการประกอบธุรกิจของคนต่างด้าว “พนักงานเจ้าหน้าที่” หมายความว่า ผู้ซึ่งรัฐมนตรีแต่งตั้งให้ปฏิบัติการตามพระราชบัญญัตินี้ “นายทะเบียน” หมายความว่า ผู้ซึ่งรัฐมนตรีแต่งตั้งให้เป็นนายทะเบียนการประกอบธุรกิจของคนต่างด้าว “อธิบดี” หมายความว่า อธิบดีกรมพัฒนาธุรกิจการค้า* “รัฐมนตรี” หมายความว่า รัฐมนตรีผู้รักษาการตามพระราชบัญญัตินี้

ตรงตามข้อความในราชกิจจานุเบกษา / สำนักงานคณะกรรมการกฤษฎีกา (Verbatim from the Royal Gazette / Office of the Council of State)

มาตรา 36 พระราชบัญญัติการประกอบธุรกิจของคนต่างด้าว พ.ศ. 2542

ข้อความเต็ม

ผู้มีสัญชาติไทยหรือนิติบุคคลที่มิใช่คนต่างด้าวตามพระราชบัญญัตินี้ ให้ความช่วยเหลือหรือสนับสนุนหรือร่วมประกอบธุรกิจของคนต่างด้าว อันเป็นธุรกิจที่กำหนดไว้ในบัญชีท้ายพระราชบัญญัตินี้ โดยคนต่างด้าวนั้นมิได้รับอนุญาตให้ประกอบธุรกิจดังกล่าว หรือร่วมประกอบธุรกิจของคนต่างด้าวโดยแสดงออกว่าเป็นธุรกิจของตนแต่ผู้เดียวหรือถือหุ้นแทนคนต่างด้าวในห้างหุ้นส่วนหรือบริษัทจำกัด หรือนิติบุคคลใด ๆ เพื่อให้คนต่างด้าวประกอบธุรกิจโดยหลีกเลี่ยงหรือฝ่าฝืนบทบัญญัติแห่งพระราชบัญญัตินี้ รวมทั้งคนต่างด้าวซึ่งยินยอมให้ผู้มีสัญชาติไทยหรือนิติบุคคลที่มิใช่คนต่างด้าวตามพระราชบัญญัตินี้กระทำการดังกล่าว ต้องระวางโทษจำคุกไม่เกินสามปี หรือปรับตั้งแต่หนึ่งแสนบาทถึงหนึ่งล้านบาท หรือทั้งจำทั้งปรับ และให้ศาลสั่งให้เลิกการให้ความช่วยเหลือหรือสนับสนุน หรือสั่งให้เลิกการร่วมประกอบธุรกิจ หรือสั่งให้เลิกการถือหุ้น หรือการเป็นหุ้นส่วนนั้นเสีย แล้วแต่กรณี หากฝ่าฝืนไม่ปฏิบัติตามคำสั่งศาลต้องระวางโทษปรับวันละหนึ่งหมื่นบาทถึงห้าหมื่นบาทตลอดเวลาที่ยังฝ่าฝืนอยู่

ตรงตามข้อความในราชกิจจานุเบกษา / สำนักงานคณะกรรมการกฤษฎีกา (Verbatim from the Royal Gazette / Office of the Council of State)

Français

Article 1097Modifié le 7 février 2023

Deux personnes ou plus peuvent fonder une société à responsabilité limitée en signant ensemble un mémorandum d'association et en accomplissant les autres actes prévus par le Code.

résumé non officiel

Article 1098

Le mémorandum indique le nom se terminant par "limitée", le siège dans le Royaume, les objets, la responsabilité limitée des actionnaires, le capital divisé en actions de valeur fixée, ainsi que les nom, adresse, profession et signature des fondateurs et le nombre d'actions souscrites.

résumé non officiel

Article 1108Modifié le 7 février 2023

L'assemblée constitutive adopte les statuts, de préférence avec une procédure de résolution des blocages, ratifie contrats et dépenses des fondateurs, fixe leur rémunération éventuelle, les actions privilégiées et celles libérées autrement qu'en numéraire, et élit les premiers administrateurs et commissaires aux comptes avec leurs pouvoirs.

résumé non officiel

Article 1111/1Modifié le 26 juillet 2008

Si, le jour même de l'établissement du mémorandum, toutes les actions sont souscrites, tous fondateurs et souscripteurs assistent à l'assemblée constitutive et approuvent ses décisions, l'activité est remise aux administrateurs et les paiements appelés (article 1110, alinéa 2) sont effectués, ceux-ci peuvent enregistrer mémorandum et société ensemble ce jour-là.

résumé non officiel

Article 1105

Les actions ne peuvent être émises sous leur valeur nominale. L'émission au-dessus exige une autorisation du mémorandum, la prime étant payée avec le premier versement, lequel ne peut être inférieur à 25 % de la valeur nominale.

résumé non officiel

Article 1112

Sans enregistrement dans les 3 mois de l'assemblée constitutive, la société est réputée non constituée et les sommes reçues sont intégralement remboursées. Au-delà, les administrateurs répondent conjointement du principal et des intérêts, sauf s'ils prouvent l'absence de faute.

résumé non officiel

Article 4 Foreign Business Act B.E. 2542

Est étrangère la personne physique sans nationalité thaïlandaise, la personne morale non enregistrée en Thaïlande, ou celle enregistrée dont des étrangers détiennent au moins la moitié du capital ou, pour une société de personnes, dont le gérant est une personne physique étrangère. L'article définit notamment capital et activité commerciale.

résumé non officiel

Article 36 Foreign Business Act B.E. 2542

Le Thaïlandais ou la personne morale non étrangère, prête-nom ou aidant un étranger non autorisé pour une activité des listes, et l'étranger consentant, encourent jusqu'à 3 ans de prison et/ou 100 000 à 1 000 000 bahts. Cessation ordonnée, sous peine de 10 000 à 50 000 bahts par jour.

résumé non officiel

Supreme Court decisions

  • 159/2566 (2023): A Company Is Not Bound Outside Its Objects; Signing Is Not Ratification
  • 5457/2560 (2017): Sham Loan Hiding a Business Bought Through Thai Nominee Shareholders: Void, and the Money Irrecoverable
  • 2252/2560 (2017): Foreign Company Trading Land Loses the Right to Prosecute Its Own Directors
  • 17923/2557 (2014): Lease That Was Really a Sale: Foreign Buyers Cannot Compel Transfer to a Nominee Company

Sources

Step-by-Step Process to Register a Company in Thailand

Step 1: Company Name Reservation (1-3 Business Days)

The registration process begins with reserving your company name through the Department of Business Development (DBD). Key points to remember:

  • Submit 3 alternative names ranked by preference
  • Company name must end with “Limited” (จำกัด)
  • Names must be distinct from existing registered companies
  • Approval typically takes 1-3 business days
  • Critical timing: Approved names are valid for only 30 days with no extension possible
Company Registration Process in Thailand

Step 2: Draft and File Memorandum of Association (1-2 Days)

The Memorandum of Association (MOA) serves as your company’s foundational document and must include:

  • Approved company name
  • Province where headquarters will be located
  • Detailed business objectives
  • Amount of registered capital and share structure
  • Names, addresses, and details of all promoters
  • Registration fee for the memorandum: see the government fee list under Step 4. These are fixed sums set by ministerial regulation, not a percentage of your registered capital, so confirm the current schedule with the DBD when you file.

Step 3: Convene Statutory Meeting (Minimum 7 Days Notice)

This formal meeting is crucial for finalizing your company structure:

Required Business to Register a Company in Thailand:

  • Adoption of Articles of Association
  • Election of initial directors and auditors
  • Ratification of promoter expenses
  • Approval of share allocation and structure
  • Determination of director powers and responsibilities

What the seven days actually is. Section 1107 of the Civil and Commercial Code requires the promoters to send every subscriber a certified statutory report at least seven days before the day of the meeting. It is notice of the meeting, not a waiting period between the meeting and your filing, and a copy of the same report goes to the Registrar as soon as it has been sent to the subscribers.

The three-month cliff. Under section 1112, if registration does not happen within three months of the statutory meeting the company is not formed at all, and every baht received from subscribers must be repaid in full without deduction. Directors still holding that money three months after the meeting are jointly liable to repay it with interest.

You can often skip the seven days entirely. Section 1111/1 lets the directors register the memorandum and register the company together on the same day the promoters sign the memorandum, provided four things are done that day: subscribers have been found for the whole of the shares the company is to register; a statutory meeting under section 1108 is held with the promoters and all subscribers present and all of them approving its business; the promoters hand the whole of the business over to the directors; and the directors call for payment of the shares under section 1110 paragraph two and that payment is completed. Where the shareholders are all available and the money is ready, this is what turns a multi-week registration into a single filing. It is the provision most English guides to Thai company registration leave out.

Step 4: Submit Company Registration Application (1-7 Days)

The final registration must be completed within 3 months of the statutory meeting. Thailand’s e-Registration system was withdrawn on 16 January 2025 and replaced by “DBD Biz Regist”, so the platform had been running for about eighteen months before the counter closed. How long a filing takes depends on who is in the company rather than on the platform. Section 1111/1 of the Civil and Commercial Code lets the directors register the memorandum and the company on the same day the promoters sign the memorandum, provided every share the company will register is subscribed, the statutory meeting is held with all promoters and subscribers present and in agreement, the promoters have handed the business over to the directors, and the share money called under Section 1110 has actually been paid. And for any company with a foreign shareholder or a foreign authorised director the evidence burden became heavier on 1 August 2026 under Order 2/2569.

Government fees. The Department of Business Development publishes these in its own company registration guide. The incorporation fee is a flat sum and does not scale with your registered capital, which is the point most often got wrong:

  • Registering the company: 5,000 THB
  • Registration certificate: 100 THB per copy
  • Company affidavit: 40 THB per item certified
  • Certified copy of a filed document: 50 THB per page
  • Memorandum filing: 500 THB, and stamp duty: 200 THB. Neither of these two appears on the DBD list above, so treat them as indicative and confirm them when you file.

⚠️ An older fee table is still circulating online and it is out of date. It charges incorporation on a sliding scale, 500 THB for every 100,000 THB of registered capital with a 250,000 THB ceiling, so on that table a company with 10 million THB of capital would pay 50,000 THB. The copy we found carries a file date of 2014. The DBD’s current guide gives the flat 5,000 THB above, whatever your capital. If a quote you are given scales with your registered capital, ask which schedule it is based on.

Step 5: Tax Registration

A company no longer applies separately for a tax ID: its 13-digit DBD registration number is also its tax identification number from the day it is registered. What remains is:

  • Use the company registration number on tax returns, withholding certificates and invoices
  • VAT registration required if annual revenue exceeds 1.8 million THB
  • VAT registration must be completed within 30 days of exceeding threshold

Step 6: Open Corporate Bank Account (1-5 Days)

Opening a company bank account has become increasingly challenging due to stricter banking regulations. Requirements include:

  • Presence of the authorised directors who will sign for the account
  • Complete company registration documents
  • Work permits may be required for foreign signatories
  • Letter of recommendation from legal service provider often helpful

What Mistakes Cause Delays When Registering a Company in Thailand?

Document Translation and Certification Issues

Poor translation quality or improper certification is one of the most common causes of registration delays. Filings at the DBD are made in Thai, so every foreign-language document has to arrive with a Thai translation, and a document issued abroad also has to carry whatever legalisation its own issuing authority and the Thai embassy or consulate require. Most of the delay we see comes from the translation rather than the legalisation.

Common translation problems that cause delays:

  • Inconsistent name romanization across documents
  • Incorrect legal terminology usage
  • Missing official seals and stamps in translations can complicate the company registration in Thailand.
  • Using uncertified translators whose work gets rejected by authorities

The consequences of improper translation can be severe, potentially making the entire registration legally invalid and requiring complete resubmission.

Thai Shareholder Financial Documentation

Since 1 August 2026, the Order of the Central Partnership and Company Registrar No. 2/2569 requires a company or partnership with a foreign shareholder or partner below 50 per cent, or with a foreign authorised director, to document that each Thai shareholder or partner paid the capital they subscribed from their own account. It expressly repeals two earlier orders, No. 2/2568 of 1 December 2568 and No. 1/2569 of 16 March 2569, and it is wider than either of them: it covers amendment filings as well as the original registration.

Incorporation: who clauses 2 and 3 cover. The initial-registration evidence requirements apply in either of these situations:

  • A foreign shareholder or partner holds less than 50% of the registered capital.
  • There is no foreign shareholder at all, but a foreign director holds sole or joint authority to sign for the company. This is the limb applicants almost never expect.

Incorporation: what has to be filed. The prescribed Investment Explanation Letter must be supported by the Thai investors’ payment-account statements and the receiving-account evidence described below:

  • Bank statements covering the three months preceding the subscription, showing withdrawals that match the contribution.
  • Statements of the receiving account, showing the money arriving from each shareholder.
  • The prescribed Investment Explanation Letter, tracing the flow of funds.

Order No. 2/2569 prescribes documents and payment evidence. It does not itself state that every mismatch must lead to outright rejection without an opportunity to correct the filing. Reconcile the records before submission and respond to any registrar query.

Amendments use a different form. Clause 4 requires an Investment Confirmation Letter for the specified changes introducing foreign participation or changing previously all-Thai authorised signatories to include a foreign signatory. Clause 5 adds an Investment Explanation Letter and bank evidence of paid-up capital only where the entity was incorporated on or after 1 August 2026 and the qualifying amendment is filed within one year of incorporation. Read clauses 2 to 5 and the annexed forms.

Not providing enough documentation can lead to checks for illegal nominee arrangements. Section 36 of the Foreign Business Act B.E. 2542 reaches both sides of that arrangement: the Thai national or Thai-majority company who holds shares on a foreigner’s behalf, and the foreigner who lets them. The penalty is imprisonment not exceeding three years, or a fine of 100,000 to 1,000,000 baht, or both. The part that is usually left out is what follows the sentence: the court must also order the shareholding or the joint business to be unwound, and defying that order carries a further fine of 10,000 to 50,000 baht for every day the breach continues. See our guide to the 2026 nominee enforcement campaign.

Timing and Deadline Management

The registration process involves multiple strict deadlines that, if missed, can force you to restart portions of the process:

  • Name reservation: Valid only 30 days, no extensions
  • Statutory report to subscribers: at least 7 days before the statutory meeting (section 1107), unless everything is done on one day under section 1111/1
  • Registration submission: Within 3 months of statutory meeting
  • VAT registration: within 30 days of turnover passing 1.8 million baht

Capital and Employment Compliance

Miscalculating capital requirements is a frequent error that can prevent hiring foreign employees or obtaining work permits. The figure to plan around is 2 million baht of registered capital for each foreign employee you intend to put on a work permit, alongside the Thai-to-foreign employee ratio. This is the single most common thing to get wrong at registration, because the capital is fixed when the company is formed and increasing it later is a separate shareholders’ resolution and a separate DBD filing. A company registered on a token capital because nobody asked about work permits has to be amended before it can make its first foreign hire.

DBD Biz Regist: New Companies Since 1 July, All Applications From 1 November 2026

The channel changed in two stages. New partnerships and private limited companies became online-only on 1 July 2026. From 1 November 2026, every application type concerning those entities must be submitted through DBD Biz Regist, including later amendments, dissolution and liquidation filings.

The Two-Stage Closure of Walk-In Filing

The “DBD Biz Regist” platform has been the only route for establishing a new partnership or private limited company since 1 July 2026. The later DBD announcement completes the transition on 1 November 2026: all application types for partnerships and private limited companies must then be filed through the platform. Paper walk-in filing will no longer be available for changes to directors or signing authority, registered office, capital or objects, or for dissolution and liquidation registrations. The platform allows:

  • Identity verification without flying in, for a foreign founder: the DBD e-Service app runs e-KYC from a photograph of your face and your passport. The alternative is to appear in person before an officer. Those are the only two channels the department lists for a foreign national
  • Electronic signing, for a foreign founder through the DBD e-Service app or a username, password and OTP. A Thai national can also use ThaID or Paotang, and has four verification channels rather than two

One instruction from the department catches people out, and it applies to Thai and foreign founders alike: whoever registers to use the system must verify their own identity, and verification cannot be delegated to anyone else in any case. A lawyer or an accountant can file for you; nobody can be you at the verification step.

The announcement itself is narrower than most English summaries of it. The Lopburi Provincial Commerce Office reproduced the department’s notice on 29 May 2026 in these words:

DBD ยุติการรับจดทะเบียนจัดตั้งห้างหุ้นส่วนบริษัทแบบ Walk-in (ยื่นกระดาษ) ทั่วประเทศ (เฉพาะจดทะเบียนจัดตั้งใหม่)

In translation, the May notice ended paper walk-in filing nationwide only for establishing new partnerships and companies. The later DBD announcement removes that limitation from 1 November 2026 and covers every application type for partnerships and private limited companies. The change concerns the filing channel. It is an official administrative requirement, not an amendment to the Civil and Commercial Code or the Foreign Business Act.

The Date That Moved Three Times, and Why Older Guides Disagree

Guides written at different points in 2025 and 2026 give different dates for this change, and most of them were right when they were written. The department moved the deadline three times, and each announcement was reproduced by provincial commerce offices as it was issued:

  • 17 March 2025: a countdown to closing walk-in business registration counters nationwide by 1 July 2025, with counters to stay open to advise on documents and on completing the electronic forms.
  • 17 June 2025: walk-in filing extended to the end of 2025, with Biz Regist to be the only channel from 1 January 2026. The same notice cancelled cross-district filing of new establishments from 1 July 2025, so a new entity had to be filed in the province of its head office or online.
  • 26 June 2025: the department confirmed that extension in its own words, moving the single-channel date from 1 July 2025 to 1 January 2026.
  • 29 May 2026: walk-in filing of new establishments ends nationwide on 1 July 2026.

So a guide that tells you the switch happened on 1 January 2026 is quoting an earlier extension. New establishments became online-only on 1 July 2026, and DBD’s latest announcement extends the online-only rule to all application types from 1 November 2026. File through the DBD Biz Regist portal. Our glossary entry for the Department of Business Development carries the same dates in short form.

What the Old Rulebook Said, and What It Means for a Foreigner

The department has not published a rulebook for DBD Biz Regist that we can read. What it has published is the regulation governing the system Biz Regist replaced, and reading that shows which door opened for foreign founders and which one closed.

The Central Registrar Regulation on the registration of partnerships and companies through the electronic juristic person registration system (e-Registration) B.E. 2564 came into force on 8 March 2021. It was made under clauses 3 and 4 of the Ministerial Regulation of B.E. 2549, which is the enabling power behind every Central Registrar regulation and order in this family, including Order 2/2569 above. Its clause 10 set out four ways to verify identity:

  • In person before an officer with an unexpired Thai identity card, or for a foreigner an unexpired passport or an identity document issued by a Thai government body (clause 10(1.1)).
  • e-KYC through the system, and clause 10(1.2) confined that route to Thai nationals, using a Thai identity card and nothing else.
  • An electronic certificate issued by a certification authority (clause 10(1.3)).
  • A power of attorney given to a Thai natural person to carry out the verification instead (clause 10(1.4)).

Set that against what the department publishes for Biz Regist and two things have moved in opposite directions. A foreign founder can now verify by app, which clause 10(1.2) did not allow. And nobody can have verification done for them, which clause 10(1.4) expressly allowed. The route opened for the founder and closed for the agent.

On signing, clause 4 of the same regulation defines signing as creating a Digital Signature under the law on electronic transactions, either through the username and password issued under the regulation or through the system’s own identity verification. That is the reason a password and a one-time code bind you to what was filed in your name.

Treat the 2564 Regulation as history rather than as the current rules. e-Registration was withdrawn on 16 January 2025. Whether the department has since issued a positive regulation for Biz Regist, or whether the platform runs under the general Central Registrar Regulation of B.E. 2561 that clause 6 of the 2564 Regulation makes the fallback, we have not been able to establish from a published source, and this page will not guess.

Who May File for You, and What Nobody Can Do for You

Under the 2564 Regulation a founder could appoint a representative to do the filing: to complete the application, lodge it, comply with the registrar’s orders, pay the fee, and certify that what was filed matched the founder’s intention. Clause 4 named six categories of person who could act in that role: a bookkeeper, the head of a certified accounting office, a signature certifier for public limited companies, a security enforcer, a certified public accountant, and an ordinary or extraordinary member of the Thai Bar Association.

That is the provision a foreign founder cares about, because it is the one that puts a Thai lawyer or accountant in charge of the filing. What no representative could do then, and what the department says nobody can do now in any case, is verify your identity for you. Read together, the two rules give the practical answer. Your lawyer can do the paperwork, and you still have to show your face, to the app or to an officer. Our guide to setting up a company in Thailand as a foreigner covers the choices that come before the filing, and appointing and removing a director covers who ends up holding the signature afterwards.

Where Order 2/2569 Fits, and Why a Foreign-Linked Filing Is Not a One-Day Job

Order 2/2569 of the Central Partnership and Company Registrar was signed on 15 July 2026 and came into force on 1 August 2026, four weeks after the counter closed. Its scope and its documents are set out above. What matters for the channel is that those documents are uploads: the Investment Explanation Letter and the bank statements go into the platform with the application. That is what turns the same-day registration section 1111/1 permits into a longer exercise for a company with a foreign shareholder or a foreign authorised director, and it is the reason the timeline depends on who is in the company rather than on the software. The order itself is published by the department, and our page on the 2026 nominee crackdown sets it in context.

Do not read the digital rollout as a general loosening. For foreign-linked filings, 2026 moved the other way. Order 2/2569, in force since 1 August 2026, adds the three-month bank statement trail, the receiving-account statements and the Investment Explanation Letter described above. The order prescribes documents and attaches no consequence to a discrepancy: its clauses contain no rejection wording and no referral wording at all. Reports that a mismatch between declared and actual transfers is refused outright describe how the requirement is being applied in practice, not what the order says.

What the Register Proves, and What It Does Not

The platform records the structure you type into it. It does not approve that structure, and two provisions of the Civil and Commercial Code set the limits.

Section 1023 provides that until the contract, document or particulars that must be registered have been registered, the partners, the partnership or the company may not take advantage of them against a third person, while a third person may take advantage of them. The asymmetry is deliberate: registration exists for the protection of people dealing with the company, not for the company’s own convenience. Section 1023/1 closes the obvious move, providing that a partnership or company may not set up section 1023 against a third person acting in good faith in order to escape liability by alleging that a partner, the partnership, the company or a director had no authority to act.

Two Supreme Court decisions show what that means in practice.

In Dika 159/2566 a creditor sued a company on a guarantee signed by its authorised director. The company’s registered objects did not include guaranteeing another person’s debt. The Court held that under section 66 a representative binds a juristic person only by acting within its objects, so the guarantee did not bind the company. It also rejected the argument that the director’s signature was itself a ratification: ratification by its nature comes after the act, and if signing could be its own ratification then every act outside a company’s objects would bind the company and giving juristic persons objects at all would serve no purpose. The claim against that company was dismissed. The objects you type into the platform are not boilerplate.

In Dika 17923/2557 two foreign buyers bought land and asked the court to order the seller to transfer it to a Thai limited company that would hold it in name on their behalf. The Court held that the object of the contract was expressly forbidden by section 86 of the Land Code, a provision of public order carrying a penalty under section 111, so the sale was void under section 150 of the Civil and Commercial Code. It reversed the Court of Appeal and dismissed the claim. The company was properly registered. That did not make the purchase lawful.

Neither decision is about electronic filing, and that is the point. The register shows what was filed. What was filed still has to be lawful, which is why the shareholding, the objects and the signing authority deserve more thought than the platform does. Once the company exists, the next deadline is tax: see registering a tax ID number, and if you are American, the Treaty of Amity route changes the ownership question entirely.

If Your Company Will Ever Hold Land, the 49% Rule Is Not the Only Test

Most people arrive at a 49/51 shareholding because of the Foreign Business Act. If the company is ever going to buy land, a second and stricter statute applies, and it does not use the same test.

Section 97 of the Land Code treats a limited company as a foreigner for land purposes in either of two cases: foreigners hold more than 49% of the registered capital, or foreigners are more than half the number of shareholders. That second limb is the one that catches people. A company with two foreign shareholders holding 49% between them and one Thai shareholder holding 51% is inside the capital limit and is still treated as a foreigner for land purposes, because two of its three shareholders are foreign and either limb of section 97 is enough on its own.

Section 98 extends this up the chain: if a company that is foreign under section 97 holds shares in another company, that second company is foreign too. So a Thai holding company does not launder the position.

The consequence is in section 94. Land acquired by a foreigner unlawfully or without permission must be disposed of within a period the Director-General fixes, which cannot be shorter than 180 days or longer than one year. Miss it and the Director-General sells the land himself. Section 96 applies the same machinery to anyone found to be holding land as owner on behalf of a foreigner or of a section 97 or section 98 company, which is the land-side mirror of the nominee offence described above.

How the courts have actually decided this. Three Supreme Court decisions, read in the Thai original, set the boundaries better than any summary of the rule:

  • Dika 6412/2560. Section 86 is not an absolute bar. A foreigner may apply to the Minister of Interior for permission to hold land, and even without permission still holds the right to dispose of the land within the period the Director-General fixes under section 94. The Court drew the consequence most English guides miss: a foreigner therefore has the capacity to enter a contract to buy land, and the contract does not have to spell out an intention to seek ministerial permission. A contract of that kind is not a juristic act with an unlawful object.
  • Dika 1038/2538. A Dutch buyer had a Thai national hold title for him. Even though the acquisition contravened section 86 paragraph one, section 94 means the disposal decision belongs to the foreigner and then to the Director-General, so the registered holder had no power to sell the land on her own initiative. Selling it to a third party was an infringement of the foreigner’s rights and he had standing to sue under section 55 of the Civil Procedure Code. A void acquisition is not the same thing as no interest at all.
  • Dika 2252/2560. The substance-over-the-register case. A company appeared on its share register with foreign holdings below half, but the foreign side had contributed more than half the real capital. The Court treated the company and the foreigner as carrying on land trading, a List One activity, with the result that the foreign plaintiff was not a lawful injured party and could not prosecute at all. The register is where the enquiry starts, not where it ends.

What changed at the counter in May 2026. The Department of Lands issued circulars to every provincial land office, led by letter no. Mor Tor 0515.2/Wor 10722 of 15 May 2026, signed by the Director-General, directing closer scrutiny of company-held land where the Thai shareholding may be nominal. They are internal enforcement guidance: they create no new law and no new filing duty on the public. What they change is how carefully an existing rule is applied when a company registers an acquisition.

None of this stops a foreign-linked company from operating. It means the shareholding you choose at registration, and the number of shareholders as much as the percentages, decides whether the company can ever hold land in its own name. If that is part of the plan, say so before the memorandum is filed rather than after. Our page on restructuring a Thai company that holds property covers what it takes to unwind it later.

Navigating Thai-Language Complexities is vital when trying to register in Thailand.

The Thai bureaucracy operates primarily in Thai language, and even small translation errors can derail the registration process. Legal professionals experienced in Thai company law provide invaluable assistance by:

  • Ensuring accurate translation of all legal documents
  • Understanding nuanced regulatory requirements that aren’t obvious to foreign entrepreneurs
  • Filing in the form the registrar expects, which is what actually prevents a rejection and a second submission
  • Preventing costly mistakes that could require restarting the entire process

Understanding Cultural and Administrative Nuances

Thai business culture emphasizes hierarchy, proper procedures, and relationship-building. Experienced legal counsel helps foreign entrepreneurs navigate these cultural expectations while ensuring compliance with complex regulations that can change without much notice.

Risk Mitigation and Compliance

Professional legal assistance becomes especially crucial when dealing with:

  • Shareholder compliance: Ensuring Thai shareholders meet genuine investment requirements
  • Foreign Business Act compliance: Determining if your business activities require additional licenses
  • Ongoing obligations: Meeting annual filing requirements and maintaining good standing

Cost Considerations and Planning to Register a Company in Thailand

Beyond the basic registration fees, entrepreneurs should budget for comprehensive setup costs:

Initial Registration Costs for setting up a company in Thailand:

The DBD fee to register the company is 5,000 THB, flat, whatever your registered capital, plus the memorandum fee and stamp duty set out in Step 4. Our company formation package is a fixed 45,000 THB and includes those government registration fees. See the company registration cost page for what is and is not included.

Annual Maintenance Costs:

Work permits: 3,000 THB per foreign employee annually

Accounting services: 5,000+ THB monthly are essential for foreign companies operating in Thailand.

Mandatory auditing: 20,000-50,000 THB annually

Corporate income tax: 20% of net profits

FAQS About Registration of a Company in Thailand

What are the initial steps to register a company in Thailand?

To register a company in Thailand, you must first decide on the form of business and choose a unique name of your business. Next, you need to register the memorandum of association. Then, submit an application for registration to the Department of Business Development.

What is the difference between a Thai Company Limited and other types of business entities?

A Thai company limited is a company whose capital is divided into shares. Section 1096 of the Civil and Commercial Code fixes the limit precisely: a shareholder’s liability is limited to the amount, if any, still unpaid on the shares they hold. It is not limited to the number of shares they own. Once a share is fully paid, its holder owes the company nothing further and the company’s creditors have no claim on their personal assets.

How many Thai shareholders are required to register a company in Thailand?

None. Section 1097 of the Civil and Commercial Code says that any two or more persons may promote and form a limited company, and it says nothing about nationality. A company owned entirely by foreigners is registered under exactly the same provision. The Thai shareholding question belongs to a different statute answering a different question: the Foreign Business Act governs not who may form a company but which activities that company may carry on. Where the activity is restricted, the lawful answers are BOI promotion, a Foreign Business Licence or the US Treaty of Amity. Putting Thai names on the share register to reach 51% without those people genuinely investing is the one answer that is a criminal offence, under section 36 of that Act.

What is the process for the registration of the company in Thailand?

Reserve the company name, register the memorandum of association, hold the statutory meeting that adopts the articles and elects the directors, then apply to register the company. Under section 1111/1 all of this can be done on one day if every share is subscribed and paid and all promoters and subscribers attend. VAT registration follows if turnover will pass 1.8 million baht.

Can I register a representative office in Thailand?

Yes, but a representative office of a foreign company is a service business under List 3 of the Foreign Business Act, so it needs a licence from the Department of Business Development, and it may only carry on the non-income-earning activities that licence allows.

Are there any specific requirements for directors of the company?

Yes, the directors of the company must be individuals who are responsible for the management of the company. They can be both Thai nationals and foreigners, but it is important that they comply with local laws and regulations.

What are the business registration fees in Thailand?

Government registration fees are separate from professional fees unless expressly included. Our standard Thai private limited company registration package is 45,000 THB, including government DBD registration fees. Visas, work permits, accounting and other structures or approval routes require separate agreement. See the package scope and exclusions.

Is it necessary to open a bank account in Thailand when registering a company?

You do not have to open a corporate bank account before you register. However, having a corporate bank account is important. It allows you to handle financial transactions for the company once it starts operating.

Can businesses located outside of Thailand also register a company in Thailand?

Yes. A company or an individual based abroad can form a Thai company. Section 1097 of the Civil and Commercial Code requires two or more promoters and says nothing about their nationality or residence, so there is no legal requirement to appoint a Thai director, and no Thai shareholding requirement arises at the registration stage. What does apply is the Foreign Business Act, which governs the activities the company may then carry on, and the practical requirements: a registered office in Thailand, foreign documents filed with a Thai translation and whatever legalisation the issuing authority requires, and the Order 2/2569 evidence described above where a foreigner will hold shares or sign for the company.

Can I register a Thai company without coming to Thailand?

You can do the filing from abroad, and you cannot have someone else prove who you are. The Department of Business Development lists two identity verification channels for a foreign national: e-KYC through the DBD e-Service application, which reads a photograph of your face and your passport, or appearing in person before an officer. Verification cannot be delegated to anyone else in any case, Thai or foreign. Signing is done through the same application or with a username, password and one-time code, and a Thai lawyer or accountant can prepare and lodge the application for you. What still needs someone on the ground is the corporate bank account, and any foreign document that has to be translated or legalised before it is filed.

Is paper company registration still possible in Thailand?

For new establishments, no. New partnerships and private limited companies have been online-only since 1 July 2026. From 1 November 2026, the DBD will accept every application type concerning partnerships and private limited companies only through DBD Biz Regist. Paper walk-in filing will also end for amendments, director and signing-authority changes, registered-office changes, capital and object changes, dissolution and liquidation registrations.

Does DBD Biz Regist check where my Thai shareholders’ money came from?

The platform is where the evidence is filed. Since 1 August 2026, Order 2/2569 of the Central Partnership and Company Registrar requires an Investment Explanation Letter and bank statements whenever a foreign shareholder holds less than 50% of the registered capital, or there is no foreign shareholder but a foreign director can sign for the company. Each Thai shareholder files three months of statements from the account the share money was paid from, and the managing partner or director files statements from the account that received it. Those documents are uploaded with the application. The order prescribes the documents; it says nothing about what happens if they do not match.

Does 45,000 THB include a visa, work permit and accounting?

These are not automatically included in the standard registration package. Tell us what you need so we can confirm each service’s scope, fees and timing before payment.

Does the same fee cover a branch or representative office?

No. The published package concerns a standard Thai private limited company. Other structures and approval routes require a separate assessment and quotation.

Conclusion

Registering a company in Thailand requires meticulous attention to detail, proper documentation, and adherence to strict timelines. Even though digital systems have made the process easier, Thai regulations are still complex. Mistakes can have serious consequences, so getting help from a lawyer is very important.

The key to successful registration lies in thorough preparation, understanding cultural expectations, and ensuring all documentation meets Thai legal standards. With good planning and expert help, foreign entrepreneurs can start their Thai companies. They can also navigate the company registration process easily. They can start building successful businesses in one of Southeast Asia’s most active economies.

Remember that registering your company is just the start. You also need to keep up with ongoing obligations. Understanding tax requirements is important too. Navigating employment laws is key for long-term business success in Thailand.

How much does it cost? See the full company registration cost breakdown (2026) or all our fixed fees on the legal fees page.

Our company registration fee

Our standard Thai private limited company registration package costs 45,000 THB, including government DBD registration fees. Before payment, we confirm the proposed activities, ownership, registered office and work included.

ItemScope
Standard registrationCompany-name reservation, preparation of registration documents and filing with the Department of Business Development
Government DBD registration feesIncluded in the 45,000 THB package
Estimated registration period14 to 21 business days after confirmed payment and receipt of a complete, acceptable file
Work requiring separate agreementBranch or representative-office formation, BOI applications, foreign-business permissions, Treaty of Amity work, visas, work permits, ongoing accounting and activity-specific licences

This estimate covers the agreed registration work. It does not promise that banking, tax registrations, licences and immigration arrangements will all be completed within the same period.

What to send before we confirm the scope

Tell us what the business will do, who will own and fund it, each shareholder’s nationality and percentage, the proposed directors, registered-office location and intended starting date. Explain whether any foreign nationals intend to work for the company.

For registration preparation, we also need three proposed company names, identification details, capital and share allocations, signing powers and the relevant office documents. We confirm any further evidence needed for your filing.

If you need advice before choosing the structure, book a business consultation.

The company registration package covers the scope described above. For other services, see all our fees. We confirm any additional work and charges before you commit.

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