This is the most preferred type of business entity for foreigners in Thailand. So how do you incorporate a limited company? At first, you will need to reserve the company’s name. And this is one of the most essential elements as this depends on your preference(s) and can elaborate on the business scope and the objective of the company. Once the name is approved, your next thing to do would be filling a Memorandum of Association.
As part of establishing a limited company, you must have 3 promoters, who will be further converted into shareholders with the incorporation of the company. However, to run your business in Thailand at least 51% of the shares must be with Thai nationals. And based on the regulations your company must have a minimum of 3 shareholders plus 1 director in the company.
Below mentioned are a few documents that you will require to set-up a limited company in Thailand;
- Name of the designated company (3 proposed names);
- Your confirmation of the address (in Thailand) for the registered address (Head Office);
- Your business objective in detail;
- Shareholders’ Matter;
- Copy of passport of 3 Promoters/Shareholders,
- Share allocation for each shareholder,
- Directorship Matter;
- Name of Authorized director(s),
- Copy of passport for each Director,
- And in the case, if there is more than 1 director, please specify the signatory condition,
- The number of foreigners that you initially intended for working for this entity;
Also, a foreigner can hold the majority of the shares in the company, available to those who would be performing;
- Activities corresponding to the BOI’s eligible activity list;
- Doing only export; and;
- Businesses that have US nationals as their shareholders;
To know if your business falls under the list of BOI’s activities, you can write to us.
