Different types of Taxes explained
– VAT
Insights
TAXES
Company Types in Thailand: Complete Guide
Understanding business structures in Thailand
Choosing the right company structure is one of the first and most important decisions when starting a business in Thailand.
Different structures involve different rules regarding ownership, taxation, legal obligations and operational flexibility. Understanding these differences is essential, especially for foreign entrepreneurs and expats planning to operate in Thailand.
This guide explains the main company types available in Thailand and key considerations before making your decision.
• Thai Company Limited
• The Thai BOI Company
• Amity Treaty LC
• Branch Office
• Representative Office
• Limited Partnership
- Legal Liability
- Foreign owned
- Maximum foreign ownership allowed
- Minimum share capital
- Minimum shareholders
- Resident shareholder required
Majority Thai Limited Company
- Limited
- No
- 49%
- THB 10 *
- 2
- 51%
Thai Branch
- Unlimited
- Yes
- 100%
- THB 3 million
- 0
- No
Representative Office
- Unlimited
- Yes
- 100%
- THB 2 million
- 0
- No
Treaty of Amity (Limited Company)
- Limited
- Yes
- 100%
- THB 2 or 3 million
- 3
- No
BOI Company
- Limited
- Yes
- 100%
- THB 3 million
- 3
- No
Thailand Limited Partnerships
- Limited/Unlimited
- Yes with conditions
- 100%
- THB 2 million
- 2 (one general partner and one limited partner)
- No (with condition)
(*) but 2 million if work permit.
LICENSES
There are numerous licenses available in Thailand, depending on the nature of the activities carried out by the company.
Licenses are applied after the company setup with the Ministry of Commerce. Depending on the type of license, it might need to be renewed yearly.
– Specific Licenses (coming soon)
– Foreign Business License (coming soon)
VISA AND WORK PERMIT
To be able to work in Thailand, foreigner must possess appropriate visa and work permit.
Check the correct way here