SIAC Consulting Co. Ltd

Company Formation

Starting a company in Thailand involves several important steps:

1. Choose Your Company Type

Most foreigners choose a Thai Limited Company. This requires at least one Thai shareholder. Other options include partnerships, branch offices, and representative offices.

2. Name Reservation (1–3 days)

  • Apply online at the Department of Business Development (DBD).

  • Your company name must end with "Limited."

3. File Memorandum of Association (MOA)

Submit the following to the Ministry of Commerce (MOC):

  • The approved company name

  • At least 2 promoters

  • Your business objectives

  • The address of the head office

  • Minimum registered capital (2 million THB for foreign-owned companies)

4. Hold a Statutory Meeting

In this meeting, you will:

  • Approve the by-laws and articles of incorporation

  • Appoint directors and auditors

  • Confirm the capital structure

5. Register the Company (within 90 days)

Submit your incorporation documents to the MOC to get the Company Registration Certificate and Affidavit.

6. Register for Tax & VAT

Apply for a tax ID and VAT certificate if your annual revenue exceeds 1.8 million THB.

7. Open a Corporate Bank Account

Prepare these documents:

  • Company affidavit

  • Shareholder list

  • Passports or Thai IDs

  • Proof of the company address

8. Apply for Work Permits & Visas

For foreign employees, make sure to meet visa requirements.

Required Documents

Have these ready:

  • Passports or Thai IDs of shareholders and directors

  • Thai address documentation

  • Landlord consent letter

  • Bank certification of funds

Timeline & Cost

  • Registration time: 2–4 weeks

  • Estimated costs: 25,000–35,000 THB

This guide makes the company formation process in Thailand simpler.

Siac Consulting Experts

Specializes in Thai company formation for foreign entrepreneurs, with expertise in BOI registration, and ongoing corporate compliance.

Stay up-to-date

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Defines a Thai company’s internal rules regarding structure, management, meetings, and profit distribution.

Starting a company in Thailand involves several key steps. Here’s a step-by-step process for company formation.

A business license in Thailand allows individuals or businesses to engage in commercial activities. It regulates and monitors business activities to ensure they meet legal and industry requirements.

Creating a shareholder agreement in Thailand protects everyone’s interests and keeps your company running smoothly.

SIAC Consulting offers a Company Name Reservation Service that helps secure a unique name compliant with Thailand’s Department of Business Development (DBD) regulations. We assist with verifying name uniqueness and meeting the legal requirements for business registration.

Planning to work in Thailand? Whether you’re considering teaching, freelancing, starting a business, or joining a local company, there are a few essential legal requirements you must secure before beginning any professional activity in the country. Learn about them here.

Setting up a company in Thailand? In 2025, it’s actually easy — but still requires precision. A private limited company remains the top choice for foreign investors. Here’s our guide to get you up and running without the legal headaches.

© 2025 Siac Consulting Co. Ltd

Company Formation

Starting a company in Thailand involves several important steps:

1. Choose Your Company Type

Most foreigners choose a Thai Limited Company. This requires at least one Thai shareholder. Other options include partnerships, branch offices, and representative offices.

2. Name Reservation (1–3 days)

  • Apply online at the Department of Business Development (DBD).

  • Your company name must end with "Limited."

3. File Memorandum of Association (MOA)

Submit the following to the Ministry of Commerce (MOC):

  • The approved company name

  • At least 2 promoters

  • Your business objectives

  • The address of the head office

  • Minimum registered capital (2 million THB for foreign-owned companies)

4. Hold a Statutory Meeting

In this meeting, you will:

  • Approve the by-laws and articles of incorporation

  • Appoint directors and auditors

  • Confirm the capital structure

5. Register the Company (within 90 days)

Submit your incorporation documents to the MOC to get the Company Registration Certificate and Affidavit.

6. Register for Tax & VAT

Apply for a tax ID and VAT certificate if your annual revenue exceeds 1.8 million THB.

7. Open a Corporate Bank Account

Prepare these documents:

  • Company affidavit

  • Shareholder list

  • Passports or Thai IDs

  • Proof of the company address

8. Apply for Work Permits & Visas

For foreign employees, make sure to meet visa requirements.

Required Documents

Have these ready:

  • Passports or Thai IDs of shareholders and directors

  • Thai address documentation

  • Landlord consent letter

  • Bank certification of funds

Timeline & Cost

  • Registration time: 2–4 weeks

  • Estimated costs: 25,000–35,000 THB

This guide makes the company formation process in Thailand simpler.

About Me
Siac Consulting Experts

Specializes in Thai company formation for foreign entrepreneurs, with expertise in BOI registration, and ongoing corporate compliance.

Stay up-to-date

Helpful Links

Opening a Corporate Bank Account in Thailand

Opening a Corporate Bank Account in Thailand

Certified English–Thai Translation & Legalization in Thailand

Certified English–Thai Translation & Legalization in Thailand

Thailand Trademark Registration

Thailand Trademark Registration

VAT Registration in Thailand

VAT Registration in Thailand

© 2025 Siac Consulting Co. Ltd

© 2025 Siac Consulting Co. Ltd

SIAC Consulting Co. Ltd

Company Formation

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Starting a company in Thailand involves several important steps:

1. Choose Your Company Type

Most foreigners choose a Thai Limited Company. This requires at least one Thai shareholder. Other options include partnerships, branch offices, and representative offices.

2. Name Reservation (1–3 days)

  • Apply online at the Department of Business Development (DBD).

  • Your company name must end with "Limited."

3. File Memorandum of Association (MOA)

Submit the following to the Ministry of Commerce (MOC):

  • The approved company name

  • At least 2 promoters

  • Your business objectives

  • The address of the head office

  • Minimum registered capital (2 million THB for foreign-owned companies)

4. Hold a Statutory Meeting

In this meeting, you will:

  • Approve the by-laws and articles of incorporation

  • Appoint directors and auditors

  • Confirm the capital structure

5. Register the Company (within 90 days)

Submit your incorporation documents to the MOC to get the Company Registration Certificate and Affidavit.

6. Register for Tax & VAT

Apply for a tax ID and VAT certificate if your annual revenue exceeds 1.8 million THB.

7. Open a Corporate Bank Account

Prepare these documents:

  • Company affidavit

  • Shareholder list

  • Passports or Thai IDs

  • Proof of the company address

8. Apply for Work Permits & Visas

For foreign employees, make sure to meet visa requirements.

Required Documents

Have these ready:

  • Passports or Thai IDs of shareholders and directors

  • Thai address documentation

  • Landlord consent letter

  • Bank certification of funds

Timeline & Cost

  • Registration time: 2–4 weeks

  • Estimated costs: 25,000–35,000 THB

This guide makes the company formation process in Thailand simpler.

Stay up-to-date

Helpful Links

Opening a Corporate Bank Account in Thailand

Opening a Corporate Bank Account in Thailand

Certified English–Thai Translation & Legalization in Thailand

Certified English–Thai Translation & Legalization in Thailand

Thailand Trademark Registration

Thailand Trademark Registration

VAT Registration in Thailand

VAT Registration in Thailand

© 2025 Siac Consulting Co. Ltd

© 2025 Siac Consulting Co. Ltd

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