Are you a foreign entrepreneur looking to start a business in Thailand?
Good news—you can now incorporate your business in just 3 working days! Yes, that’s faster than binge-watching an entire K-drama season. But before you start celebrating with a mango sticky rice feast, let’s walk you through the 9 simple steps to make your dream business a reality in the Land of Smiles.
If you’d rather skip the reading and get started right away, contact us today, and we’ll handle everything for you!
Step 1: Secure Your Company Name
(Because "Best Business Ever Co., Ltd." Is Probably Taken)
First things first—you need a name! But don’t get too attached just yet. The Department of Business Development (DBD) will need to approve it, and they have a thing against names that are too similar to existing ones. So, have a few backups just in case (yes, even "Super Amazing Co., Ltd.").
Step 2: Document Preparation & Filing
(Aka "Let Us Handle the Paperwork")
Gathering paperwork, filling out forms, and collecting signatures—sounds like a headache, right? Don’t worry. Leave the bureaucratic nightmares to us. We’ll make sure everything is prepared and submitted to the DBD without you having to stress over misplaced documents or ink-smudged signatures.
Step 3: Company Registration
(Your Business Officially Exists!)
The processing time for company registration varies depending on the complexity of your business, but once it's done, you'll get all the official documents, including your shiny new company/tax ID. It’s like getting the keys to your brand-new business kingdom!
Step 4: Company Bank Account Opening
(So You Can Finally Start Making Money)
Select your preferred bank, provide the necessary details, and be present for account opening. Don't worry—we’ll accompany you every step of the way to ensure a smooth and hassle-free experience.
Step 5: VAT Registration
(If You’re Earning Big, You Gotta Register!)
If you’re employing foreigners or making over 1.8 million THB per year, VAT registration is a must. We’ll need some paperwork from the owner of your business premises, plus a lease agreement. Don’t worry—we’ll hold your hand through the whole process (figuratively, of course).
Step 6: Social Fund Registration
(Keeping It Legal for Your Team)
If you have employees (Thai or foreign), they need to be registered with the Social Security Fund (SSF). We’ll need some documents such as photo ID to complete this process. This step is also essential for extending work visas later, so it’s a big deal!
Step 7: Visa Application
(Welcome to Thailand, Legally!)
If you or your foreign team members need work visas, we’re on it! We’ll make sure you get the correct visa without the stress of endless immigration visits or confusing forms.
Step 8: Work Permit Application
(Because Working Without One = Big Trouble)
To get your work permit, you’ll need to submit documents such as a medical certificate (yes, a Thai doctor must declare you fit to work). Our team will ensure all documents are in place so you don’t have to play guessing games with the authorities.
Step 9: Visa Extension
(Stay A Little Longer... Legally!)
Once your work permit is secured, we’ll help extend your initial 90-day visa. This requires additional documents like VAT and SSF registration, but don’t worry—we’ll handle it. You focus on running your new business empire.
Frequently asked questions
If you have any questions regarding company registration in Thailand or need guidance on required documents, our experts are here to help!
There are three options:
- A 100% foreign-owned company must obtain a Foreign Business License and can only operate businesses under List 3 of the Foreign Business Act.
- U.S. companies may hold a majority stake in a Thai company under the Thailand Treaty of Amity, subject to specific restrictions.
- A Thai-majority company requires at least 51% Thai ownership, with up to 49% held by foreign investors.
The Thailand Board of Investment (BOI) promotes businesses with tax and non-tax incentives. A BOI-certified company enjoys tax exemptions, work permit flexibility, fast-track processing, and land ownership rights, even for majority foreign-owned businesses.
Yes! Foreign directors and employees need a Non-Immigrant Business Visa and a Work Permit to legally work in Thailand.
Not advisable, as the Revenue Department of Thailand is known to conduct day checks. A physical office is generally required for company registration.
Why Choose Witsaroot L&L Consulting?
Starting a business in Thailand doesn’t have to be complicated!
At Witsaroot L&L Consulting, we simplify the entire process, ensuring your company is up and running fast, easy, and stress-free.
We're using cookies.
How to Register a Company in Thailand in Just 3 Days !