Thailand offers great business potential for foreigners willing to start a business in Thailand by setting up a Thai company and for foreign investors willing to invest in the country due to its strategic location. Steady economic growth, ample natural resources, strong export sector, and  dynamic consumer market make Thailand a perfect place for foreigners to conduct business. The Foreign Business Act (FBA) governs the formation of foreign companies, Thailand company registration, and business operations of foreigners in Thailand.

A wide variety of business structures are available to foreigners, including the most popular Thai Limited Company. The process of registration of a company in Thailand depends largely on the selected company structure and can take from 3-5 business days for a simple Thai Limited  Liability Company to as much as 90 days for a more complex BOI Company.

Obtaining a foreign business license, registering a business, understanding civil and commercial code, and opening a company in Thailand can be difficult and challenging for those who are unfamiliar with Thai law and legal practices. Fortunately, with our broad practice and extensive experience in handling highly complex corporate matters for our international clients, setting up a company in Thailand can be done in a smooth and seamless manner.

One of the most common types of foreign-owned company structures used in Thailand is a Thai Limited Company. This type of business structure is simple, and the business entity can engage in a wide range of activities. This type of company is formed with its registered capital divided into equal shares, and the liability of each shareholder is limited to the amount unpaid on the shares held.