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Complete guide: entity types, registration, costs, taxes, labor laws, and break-even analysis
~206 days
Setup Time
~$6,185
Setup Cost
20%
Corporate Tax
49%
Foreign Ownership
#21
Ease of Business
| Entity | Min Capital | Foreign % | Liability | Min Shareholders | Best For |
|---|---|---|---|---|---|
Thai Limited Company บริษัทจำกัด | 60,000 THB | 49% | Limited | 3 | Most common entity — 49% foreign ownership cap unless BOI promoted |
BOI-Promoted Company | 30,000 USD | 100% | Limited | 3 | Full foreign ownership via Board of Investment promotion — preferred for manufacturing & tech |
US Treaty of Amity Company | 60,000 THB | 100% | Limited | 3 | US citizens only — majority ownership in most sectors |
Branch Office | 90,000 USD | 100% | Unlimited | 0 | Foreign companies with specific projects |
Representative Office | None | 100% | Unlimited | 0 | Market research, quality control — no revenue generation |
Reserve Company Name
Online via DBD e-Registration system
0-1 days
Free
DBD
File Memorandum of Association
Submit shareholder and capital structure details
1-3 days
~$15
DBD
Convene Statutory Meeting
Hold shareholders meeting to adopt articles
1 days
Free
Internal
Register Company at DBD
Submit full registration package with affidavit
1-7 days
~$170
Department of Business Development
Tax Registration
Register for corporate income tax and VAT at Revenue Department
1-7 days
Free
Revenue Department
Register for Social Security
Register employer within 30 days of hiring first employee
3-7 days
Free
Social Security Office
Apply for Foreign Business License (if applicable)
Required if foreign ownership >49% without BOI — long process
60-180 days
~$6,000
Ministry of Commerce
$310/mo
Minimum Wage
$700/mo
Average Wage
48 hrs/week
Work Hours
6 days/year
Paid Leave
4 weeks/year
Severance
5% of salary
Employer Social Security
5% of salary
Employee Social Security
Required
Foreign Worker Permit
Foreign Worker Quota: Generally 4 Thai employees per 1 foreign work permit. Foreign Business Act restricts many occupations.
Work Permit Process: Employer applies for work permit through Ministry of Labour. 4:1 Thai-to-foreign worker ratio required.
#21/190
Ease of Business Rank
6 days
Starting a Business
4.5 days
Registering Property
440 days
Enforcing Contracts
36/100
Corruption Perception
85%
Internet Penetration
THB
Currency
UTC+7
Time Zone
14
Retail (months)
10
F&B (months)
16
Tech (months)
24
Manufacturing (months)
10
Services (months)