Register Your Company in Thailand Smoothly & Worry-Free

Thai Limited Company

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.

Thai Limited Company


Thai limited company is the most popular business structure for company registration in Thailand due to the simple set-up process and protection it offers to its shareholders. Registration of a Thai limited company takes places at the Department of Business Development of the Ministry of Commerce and takes no longer than one week.

Overview of a Thai Limited Company

A minimum of three shareholders are required
Must have at least one director
51% of shares or more must be held by a Thai national or entity

2 million THB of capital required to support each foreigner’s work permit (whether in the position of a director or employee)

Thai limited company registration takes one week or less
Liability of shareholders is limited to the amount of their investment in the company

How the Company Registration Process Works

Registering a Thai private limited liability company with us is simple. Once you have selected the name and acquired an adddress, all you need to do is to provide us with information about your new company. We will then do all the paperwork for you.

Step 1

Online reservation of the company name

Step 2

Acquiring a corporate address for the company’s registered address

Step 3

Deciding on the registered capital of the company – this may depend on work permit requirements in case of foreign directors/employees

Step 4

Preparation of the company registration documents including the Articles of Association and Memorandum of Association based on the shareholding structure

Step 5

Signing of the company registration documents by all promoters and directors on government forms with the corporate seal affixed

Step 6

Registration of the company with the Department of Business Development through which you will obtain a company registration number or so called Tax ID number, after which the company will be ready to begin its operations.
The company registration process takes no longer than one week if all information is in order.

How to Register a Company in Thailand - Step by Step (Infographic)

Company Registration Thailand | Thai Limited Company

Say goodbye to confusion surrounding the company registration process in Thailand. Our inforgraphic will show you how the proces works step-by-step as well as provide an overview of general requirements.

View Infographic

How to Register a Company in Thailand - Step by Step (Infographic)

Say goodbye to confusion surrounding the company registration process in Thailand. Our inforgraphic will show you how the proces works step-by-step as well as provide an overview of general requirements.

View Infographic

Thai Limited Company - Structure Details

  • Shareholders & Shareholding

    In registering a private limited company, a minimum of three promoters are required. Promoters are shareholders who sign the company registration forms for the incorporation of a company, and must all be physical persons. After the company’s initial registration with the Department of Business Development (DBD), shares can be transferred to companies, legal entities or other individuals, Thai or foreign. The legal experts at Umpire Legal can provide appropriate guidance and legal advice on a step-by-step basis so that you can remain fully compliant with the process.

    Majority of the shares, or at least 51%, must be held by Thai nationals, a Thai company or Thai legal entity. If not, the foreigner must apply for a Foreign Business License, but please note that the issuance of the Foreign Business License depends on the activities of the company and would be at the consideration of the responsible officials of the Ministry of Commerce (see Foreign Business Licenses). However, it is still possible for a minority foreigner shareholder to acquire majority voting rights (and thus control) in the company, and that is with the help of issuing two separate classes of shares – ordinary and preferred (each type grants its holders different voting rights).

  • Director

    Shareholders are responsible for appointing one or more directors. A director, who is also eligible to be one of the promoters during the company registration, is the legal representative who has the authority to sign documents and to act on behalf of the company. If the director of the Thai limited company is a foreigner, they must obtain a valid work permit and visa, which would allow them to legally work in the company in Thailand (see Immigration).

  • Limited Liability

    The main benefit of registering a limited company in Thailand is that the liability of shareholders towards the company’s debts or creditors is limited to their investment in the company. However, this limited liability of the shareholders in the company does not extend to directors during the directorship period and within two years as from the date of resignation.

    When registering a company in Thailand, Umpire Legal can assist in clearly setting out the rights and obligations of all parties in writing to ensure the understanding of each party’s legal standing within the registered company. This information is recorded with the registrar and obtainable from the DBD when required.

  • Capital Requirements

    Capital requirements for setting up a Thai limited company vary depending on the number of foreigners involved. Generally, for each foreigner employed by the company (including a director), the company must have 2 million THB of registered capital that makes it eligible for providing a work permit (see Work Permit for the full list of requirements and possible exceptions). Fortunately, this does not require the shareholders to accumulate all necessary finances at once, it merely represents the limited liability of the company. Thai limited companies without any foreign nationals do not have to meet any minimum amount, nevertheless, the starting capital should realistically reflect the company’s type and nature of business.

  • Obligations After Registration

    Once the Thai limited company has been registered and is ready to operate, it has a number of legal obligations to meet, namely it has to follow accounting procedures specified in the Civil and Commercial Code, Revenue Code and the Accounts Act. At the end of each accounting period (this is determined during the company registration process), it must submit a balance sheet altogether with the profit and loss statement and perform an audit. Failing to do so will lead to monetary penalisation of the company.

Shareholders & Shareholding

In registering a private limited company, a minimum of three promoters are required. Promoters are shareholders who sign the company registration forms for the incorporation of a company, and must all be physical persons. After the company’s initial registration with the Department of Business Development (DBD), shares can be transferred to companies, legal entities or other individuals, Thai or foreign. The legal experts at Umpire Legal can provide appropriate guidance and legal advice on a step-by-step basis so that you can remain fully compliant with the process.

Majority of the shares, or at least 51%, must be held by Thai nationals, a Thai company or Thai legal entity. If not, the foreigner must apply for a Foreign Business License, but please note that the issuance of the Foreign Business License depends on the activities of the company and would be at the consideration of the responsible officials of the Ministry of Commerce (see Foreign Business Licenses). However, it is still possible for a minority foreigner shareholder to acquire majority voting rights (and thus control) in the company, and that is with the help of issuing two separate classes of shares – ordinary and preferred (each type grants its holders different voting rights).

Director

Shareholders are responsible for appointing one or more directors. A director, who is also eligible to be one of the promoters during the company registration, is the legal representative who has the authority to sign documents and to act on behalf of the company. If the director of the Thai limited company is a foreigner, they must obtain a valid work permit and visa, which would allow them to legally work in the company in Thailand (see Immigration).

Limited Liability

The main benefit of registering a limited company in Thailand is that the liability of shareholders towards the company’s debts or creditors is limited to their investment in the company. However, this limited liability of the shareholders in the company does not extend to directors during the directorship period and within two years as from the date of resignation.

When registering a company in Thailand, Umpire Legal can assist in clearly setting out the rights and obligations of all parties in writing to ensure the understanding of each party’s legal standing within the registered company. This information is recorded with the registrar and obtainable from the DBD when required.

Capital Requirements

Capital requirements for setting up a Thai limited company vary depending on the number of foreigners involved. Generally, for each foreigner employed by the company (including a director), the company must have 2 million THB of registered capital that makes it eligible for providing a work permit (see Work Permit for the full list of requirements and possible exceptions). Fortunately, this does not require the shareholders to accumulate all necessary finances at once, it merely represents the limited liability of the company. Thai limited companies without any foreign nationals do not have to meet any minimum amount, nevertheless, the starting capital should realistically reflect the company’s type and nature of business.

Obligations After Registration

Once the Thai limited company has been registered and is ready to operate, it has a number of legal obligations to meet, namely it has to follow accounting procedures specified in the Civil and Commercial Code, Revenue Code and the Accounts Act. At the end of each accounting period (this is determined during the company registration process), it must submit a balance sheet altogether with the profit and loss statement and perform an audit. Failing to do so will lead to monetary penalisation of the company.

Client Testimonials

A Few Words from Our Satisfied Clients

Professional and quick action

I am the owner of SIAM TORQ-ON CO., LTD and we recently setup this Thai branch from the service provided by UMPIRE LEGAL. Due to their professional and quick action, we managed to get the new company registered quickly and started smoothly. I would recommend anyone who need this type of good legal firm and business partner without hesitation. Good work Simi and thanks so much for your 5 star services!!!
Harry Soh

Siam Torq-on Co., Ltd.

Highly recommended

Together with my two partners we have dealt with Umpire Legal and more importantly Simi Singhsachthep since its inception. Our company DoorBrella Australia have required legal services in Thailand and have found Simi to be very knowledgable and professional. We were recommended to Simi by a friend and we will highly recommend her in the future. Do not hesitate to call her for advice.
Mick Ferreri

DoorBrella (Thailand) Co., Ltd.

Responsible and speedy

As a client of Umpire Legal with Simi as the account manager/lawyer, I managed to set up my Thai company and obtained bank minutes quickly and my questions are always met with detailed answers and explanations, and in full English. I would highly recommend Umpire Legal for any foreigners who wish to have professional, responsible and speedy legal services in Thailand.
Ronnie Koo

E-Score (Thailand) Co., Ltd.

Some of the Companies We Helped Register

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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No hidden costs and surprises

Support and advice throughout the whole process

Start Your Business in Thailand the Right Way

Do you have more questions about registering a Thai Limited Company? Contact us, we are here to help.