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Partnership Registration in Thailand

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.


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 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 Partnership

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.

Overview of a Thai Limited Partnership

Foreign Ownership

Up to 49%

Capital Requirements

2 million THB in registered capital to support each foreigner’s work permit

Tax Rate

Regular progressive corporate income tax rates

Foreign Business License

Required if foreign shareholding exceeds 49% and the business activity is restricted under the Foreign Business Act

Business Restrictions

Unrestricted in activities, but a license must be requested for certain businesses

Registration Duration

1 week or less

Comparison of Partnerships in Thailand

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.

Safe Business Structure as a Stepping Stone for Your Success

Gain peace of mind knowing that your business is set up on sound legal foundations and with your best interest in heart.

We will help you select the most suitable structure

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Support and advice throughout the whole process

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