Company Registration

Securing a business license for foreigners or obtaining a promotion certificate from the Board of Investment (BOI) involves inherent complexities.

Consequently, the prevailing choice among foreign entrepreneurs is to register their businesses under a Thai company. The predominant form of registration is that of a limited company, despite the requisite majority of Thai shareholders (at least 51%). This approach, while entailing a higher proportion of local ownership, offers numerous advantages and streamlines the overall registration process.

Additionally, the Thai limited company is not bound by restrictions on businesses prohibited for foreign operation, even when there are foreign shareholders. This is attributed to the fact that the Thai limited company is not subject to regulation under the Foreign Business Act.