Partnership Registration 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.