Foundation & Association in Thailand

The initial investment requirement for a Foundation is at either 250,000 THB or 500,000 THB depending on the objective for which the Foundation is being incorporated, whereby part of the investment must be evidenced in cash while another part may be evidenced in the form of assets.

Foundations in Thailand are set up for non-profit purposes so none of the parties involved can benefit from its profits or donations, which must be used in meeting the objective for which they are established. As Foundations in Thailand can accept donations from the general public, they can issue tax receipts.

A minimum of three individuals are required to form a board of directors for the establishment of a Foundation, all of whom must disclose their personal assets and proof of identifications. The members of the board should hold the following positions: Director, Assistant Director, Secretary and Treasurer.

The application for establishing the Foundation in Thailand is submitted at the district office where the Foundation has its registered address. The basic documents required for the registration of a Foundation in Thailand are:

There is no minimum investment required to set up an Association in Thailand, but similar to the Foundation, an Association is a Non-profit organisation. A board of directors should consist of a minimum of three individuals and ten members for the incorporation of an Association. The membership fee to join an Association may be payable only during initial registration or monthly/annually as is decided by the board.

The application is submitted at the district office where the Association has its registered address and is further considered by the Ministry of National Culture Commission and any other relevant government organisation as may be necessary. The basic documents required for the registration of an Association in Thailand are: