Getting registered as Thai Limited Company
Thai Limited Company
A Thai limited company is the most common business structure in Thailand: a separate legal entity owned by shareholders, with liability limited to their shares. Since 2023 it needs at least two shareholders and one director. True Bizz sets up Thai limited companies in Bangkok for foreign founders, advising on ownership, capital and compliance.
What is a Limited Company?
Thai Limited Companies are the Thai equivalent of a Limited Liability Company (LLC). Limited Companies are made up of both directors and shareholders. Limited Liability means that the shareholder can only ever be liable for the capital they invested only.
What is a Thai limited company?
A Thai limited company is the most common business structure in Thailand — a separate legal entity owned by shareholders, with liability limited to their shares. It's the usual choice for foreign founders trading in Thailand, and it's what makes work permits for foreign staff possible.
What are the requirements?
| Item | Requirement |
|---|---|
| Shareholders | Minimum 2 (reduced from 3 in 2023) |
| Director | At least 1 |
| Registered capital | No fixed minimum; THB 2M per foreign work permit |
| Registered office | Required (in Thailand) |
| Annual audit | Mandatory |
Can foreigners own 100%?
By default a Thai limited company is majority Thai-owned, but full foreign ownership is possible via BOI promotion, a US Treaty of Amity company, or a Foreign Business License. We confirm the right route for your activity — see company registration.
What are the ongoing obligations?
Monthly bookkeeping and tax filing, VAT (if registered), social security, and an annual audited financial statement. True Bizz handles all of it.
Why register a Thai Limited Company?
A Limited Company is the most popular form of business structure in Thailand due to the flexibility offered to business owners. Foreigners can either establish a Limited Company as a joint venture with a Thai National or as a 100% foreign-owned entity.
Conditions to register a company in Thailand
There must be a minimum of two shareholders. Each shareholder's liability is capped at the value of their shares.
Foreign ownership
100% foreign ownership is possible depending on the business activities.
Foreign Business License
A must for most activities for companies over 50% foreign-owned.
Hiring of Foreign employees
4 Thai employees to 1 foreign employee is required to support a Work Permit.
Full Control
Companies can adjust share voting rights and dividend allocations between shareholders.
Business Restrictions
Over 50% foreign-owned companies can only engage in activities not restricted by the Foreign Business Act.
Minimum Capital Requirement
2 million Baht per foreign employee.
- 1
Assistance in pre-registration procedures including drafting the Memorandum of Association and registering the company name.
- 2
Prepare and file documents with the Ministry of Commerce to set up a Limited Company.
- 3
Answering questions in relation to the process.
- 4
Advising on post-registration duties.
Process to Register a Thai Limited Company
Be prepared with our comprehensive registration checklist.
Pre-registration requirements
Identifying the correct company structure, establishing a registration address, and reserving the company name with the DBD.
3 business daysCollecting documents and filing
Our team will collect, collate and fill in all required documents, ready for your signature.
1-3 business daysRegistration of the limited company
Company registration, bank account opening, VAT registration (if required), Social Security Office registration, and obtaining business licenses.
1-3 business daysPost-registration requirements
Setting up accounting, tax filing, and obtaining visa and work permits for foreign employees.
21-30 business daysFrequently Asked Questions
How many shareholders does a Thai limited company need?
Since the 2023 amendment to the Civil and Commercial Code, a Thai limited company requires a minimum of two shareholders (previously three) and at least one director.
Can a Thai limited company be foreign-owned?
By default a Thai limited company must be majority Thai-owned, but full or majority foreign ownership is possible via BOI promotion, a US Treaty of Amity company, or a Foreign Business License. We advise on the right route.
What is the corporate tax rate for a Thai limited company?
The standard corporate income tax rate is 20%, with reduced SME tiers for companies with paid-up capital up to THB 5 million and lower revenue. An annual audited financial statement is mandatory.
Related articles
How BOI tax incentives work in Thailand: the A1–B2 tier system, corporate income tax holidays, and the 2026 measures.
Not sure if your business qualifies for BOI promotion in Thailand? Here are the eligible activity categories for 2026 and how to check.
How to apply for BOI promotion in Thailand in 2026 — from eligibility assessment to the BOI certificate — and how long each stage takes.
Question Before You Begin?
Speak to our expert by scheduling a FREE CALL about Thai Limited Company registration.