TH · N 13°45′ · E 100°30′
Thailand
Thailand's private limited company suits manufacturing, trading, and local services serving ASEAN, with BOI promotion potentially available by project. Foreigners may hold shares or wholly own qualifying businesses, but most restricted activities need prior approval; nominee shareholding is not a compliant route.
Key points on one page.
- Tax
- Corporate income tax 20%; qualifying SMEs get graduated rates; large MNEs face a 15% minimum tax
- Shareholders and directors
- Min. 2 promoters and shareholders; at least 1 director, with no statutory local-resident director rule
- Share capital
- Foreign companies need THB 2m; restricted businesses THB 3m, with 25% of subscribed shares paid
- Local requirements
- Thai registered office required; foreign ownership is subject to the FBA and may need an FBL or BOI certificate
- Annual maintenance
- Audited accounts need shareholder approval; file accounts and shareholder list with DBD, with two CIT returns yearly
- Incorporation timeline
- Approx. 1–3 weeks; document legalisation, business scope, and licence review can extend this
- Public disclosure
- Director, shareholder-list, and financial data can be lawfully accessed; beneficial-owner data is not generally public
Facts last checked · 2026-10-23
This page summarises publicly available regulations for general reference only and does not constitute legal or tax advice. Rules in each jurisdiction may change at any time; please confirm the latest position with an Offshore Isle advisor.
02 · Advantages
Why Thailand
- 01An ASEAN core market for local sales, sourcing, and supply-chain deployment
- 02BOI projects can receive tax and non-tax incentives, including qualifying foreign ownership
- 03Established manufacturing and export base connects efficiently with ASEAN markets
- 04Private companies may use name reservation and a combined same-day registration procedure
- 05Close China–Thailand trade links suit Chinese businesses with genuine local operating plans
03 · Requirements
Formation requirements
- Company name: reserve with DBD first; an approved name is valid for 30 days
- Shareholders and directors: min. 2 shareholders and 1 director; no statutory local-resident director rule
- Registered office: maintain a registered office address in Thailand
- Capital: ordinary shares have a THB 5 minimum par value; at least 25% of subscriptions must be paid before registration
- Business scope: before foreign ownership exceeds 49% in a restricted activity, confirm the FBL, FBC, or BOI route
04 · Compliance
Annual compliance
- Accounts and audit: prepare annual financial statements and obtain an audit by a Thai licensed auditor
- Shareholders' meeting and DBD: hold the annual meeting within 4 months of year-end; file audited accounts within 1 month after it
- Shareholder list: file the shareholder list as of the annual meeting date with DBD within 14 days
- Corporate income tax: make the half-year PND 51 prepayment; file PND 50 within 150 days after year-end
- VAT and changes: register for VAT after reaching the threshold and file monthly; register material changes promptly
After incorporation, Offshore Isle sets a compliance calendar. We remind you in advance of annual returns, renewals and filings, and handle them on your behalf.
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