Register your partnership in Thailand with ease. We can advise you on the preferred structure for your and help you weigh out the pros and cons of each option for your business registration depending on your requirements.
Register your Thai private limited company without unnecessary hassle. Just choose your new business name and address and we will take care of everything else. The company registration process can take as little as one week.
Although Thai limited companies are the most common form of business establishments in Thailand and are foreign investors’ preferred choice for legally operating their business activities, the Thai law also recognises partnerships in the form of Ordinary Partnerships and Limited Partnerships. A Partnership can be entered into between two or more individuals and is more commonly registered amongst Thai nationals. The Partnership structure is divided into three different categories, as follows: Ordinary Partnership (unregistered), Ordinary Partnership (registered) and Limited Partnership.
Ordinary Partnerships may or may not be officially registered as a juristic person with the Department of Business Development, they would however still be recognised as a Thai legal entity. If an Ordinary Partnership is not registered, it would have no legal status and would be treated as an individual for tax purposes whereby all partners are responsible for their respective obligations and personal income tax payments. On the other hand, Ordinary Partnerships registered with the Department of Business Development are considered as juristic persons and are taxed as corporate legal entities in Thailand.
Limited Partnerships are also registered with the Department of Business Development and must consist of at least one managing partner and one or more ordinary partners. The liabilities of the ordinary partners are limited to the amount of capital invested by each partner. Similar to the status of a director in a limited company formation, a managing partner would have unlimited liability for the obligations and debts of the partnership, while the liability of an ordinary partner would be limited in the same way as that of a shareholder in a company.
In the case that a foreigner is the managing partner, he/she must obtain a valid Non-immigrant visa for business or work purposes and a work permit. The Partnership will need to acquire a Foreign Business License if the foreign partner makes majority or more than 49% of the investment. As per the restrictions set forth by the Foreign Business Act of Thailand, the business activity being carried out should not be prohibited or strictly restricted to foreigners.
|Unregistered Ordinary Partnership||Registered Ordinary Partnership||Limited Partnership|
|Tax||Personal Income tax||Corporate Income Tax||Corporate Income Tax|
|Registration with DBD||Not required||Required||Required|
|Liability||Unlimited liability for all partners||Unlimited liability for all partners||Managing partner – unlimited. Ordinary partner – limited to the amount of capital invested.|
You will never have to touch a legal form (apart from signing it).