SIAC Consulting Co. Ltd
Partnership Formation
Limited Partnership in Thailand: Quick Guide to Get Started
What Is a Limited Partnership in Thailand?
A limited partnership involves two or more individuals running a business together, sharing profits. Once registered, it becomes a juristic person, capable of owning property and entering into contracts. There are two main types:
Ordinary Partnership: All partners share unlimited liability.
Limited Partnership: Includes at least one general partner (unlimited liability) and one or more limited partners (limited liability).
Why Set Up a Limited Partnership?
It's a popular choice for small to mid-sized businesses, especially for locals and foreign investors:
Limited Risk for Investors: Limited partners are only liable for their investment.
Operational Freedom: Can operate in most sectors with fewer restrictions.
Controlled Partner Entry: New partners can only join with existing partners' consent.
Easy Foreign Involvement: Foreigners can own up to 49% without a Foreign Business License (FBL).
Drawbacks:
General partners face unlimited liability.
Limited partners cannot manage affairs without risking liability protection.
More paperwork is required for registration and dissolution.
Registration Requirements:
At least two partners (one general, one limited).
Minimum capital of 2,000,000 THB in cash or property.
Foreign partners need a Non-Immigrant Business Visa or Work Permit and an FBL if owning over 49%.
Registration Process (takes about one week):
Prepare the Application: Complete and submit to the Direct Registration Office.
Include Key Business Details: Partner identities, business name and address, scope of operations, and capital contributions.
Pay Fees: Submit official registration fees.
Dissolving a Limited Partnership:
To close the business, formally dissolve the partnership, and settle obligations. Be aware that partnerships do not automatically dissolve in all situations.
Final Thoughts:
A Limited Partnership is an excellent choice for entrepreneurs and foreign investors, allowing quick setup with limited financial risk. Legal experts can facilitate a seamless registration process, from paperwork to securing licenses.
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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Limited Partnership in Thailand: Quick Guide to Get Started
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Partnership Formation
Limited Partnership in Thailand: Quick Guide to Get Started
What Is a Limited Partnership in Thailand?
A limited partnership involves two or more individuals running a business together, sharing profits. Once registered, it becomes a juristic person, capable of owning property and entering into contracts. There are two main types:
Ordinary Partnership: All partners share unlimited liability.
Limited Partnership: Includes at least one general partner (unlimited liability) and one or more limited partners (limited liability).
Why Set Up a Limited Partnership?
It's a popular choice for small to mid-sized businesses, especially for locals and foreign investors:
Limited Risk for Investors: Limited partners are only liable for their investment.
Operational Freedom: Can operate in most sectors with fewer restrictions.
Controlled Partner Entry: New partners can only join with existing partners' consent.
Easy Foreign Involvement: Foreigners can own up to 49% without a Foreign Business License (FBL).
Drawbacks:
General partners face unlimited liability.
Limited partners cannot manage affairs without risking liability protection.
More paperwork is required for registration and dissolution.
Registration Requirements:
At least two partners (one general, one limited).
Minimum capital of 2,000,000 THB in cash or property.
Foreign partners need a Non-Immigrant Business Visa or Work Permit and an FBL if owning over 49%.
Registration Process (takes about one week):
Prepare the Application: Complete and submit to the Direct Registration Office.
Include Key Business Details: Partner identities, business name and address, scope of operations, and capital contributions.
Pay Fees: Submit official registration fees.
Dissolving a Limited Partnership:
To close the business, formally dissolve the partnership, and settle obligations. Be aware that partnerships do not automatically dissolve in all situations.
Final Thoughts:
A Limited Partnership is an excellent choice for entrepreneurs and foreign investors, allowing quick setup with limited financial risk. Legal experts can facilitate a seamless registration process, from paperwork to securing licenses.
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
SIAC Consulting Co. Ltd
Partnership Formation
Mental Health Matters: Traveling and Coping with Anxiety
Limited Partnership in Thailand: Quick Guide to Get Started
What Is a Limited Partnership in Thailand?
A limited partnership involves two or more individuals running a business together, sharing profits. Once registered, it becomes a juristic person, capable of owning property and entering into contracts. There are two main types:
Ordinary Partnership: All partners share unlimited liability.
Limited Partnership: Includes at least one general partner (unlimited liability) and one or more limited partners (limited liability).
Why Set Up a Limited Partnership?
It's a popular choice for small to mid-sized businesses, especially for locals and foreign investors:
Limited Risk for Investors: Limited partners are only liable for their investment.
Operational Freedom: Can operate in most sectors with fewer restrictions.
Controlled Partner Entry: New partners can only join with existing partners' consent.
Easy Foreign Involvement: Foreigners can own up to 49% without a Foreign Business License (FBL).
Drawbacks:
General partners face unlimited liability.
Limited partners cannot manage affairs without risking liability protection.
More paperwork is required for registration and dissolution.
Registration Requirements:
At least two partners (one general, one limited).
Minimum capital of 2,000,000 THB in cash or property.
Foreign partners need a Non-Immigrant Business Visa or Work Permit and an FBL if owning over 49%.
Registration Process (takes about one week):
Prepare the Application: Complete and submit to the Direct Registration Office.
Include Key Business Details: Partner identities, business name and address, scope of operations, and capital contributions.
Pay Fees: Submit official registration fees.
Dissolving a Limited Partnership:
To close the business, formally dissolve the partnership, and settle obligations. Be aware that partnerships do not automatically dissolve in all situations.
Final Thoughts:
A Limited Partnership is an excellent choice for entrepreneurs and foreign investors, allowing quick setup with limited financial risk. Legal experts can facilitate a seamless registration process, from paperwork to securing licenses.
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
