Foreign Business License (FBL)
Operate legally in restricted industries by obtaining a Foreign Business License from the Department of Business Development. Suitable for foreign-owned businesses that do not qualify for BOI incentives.
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Fast. Simple. Professional.
Company Registration in Thailand for Foreigners & Thai Nationals
UnionSPACE is one of Bangkok's most trusted company incorporation specialists. We make it straightforward and affordable for both Thai nationals and foreigners to register a limited company in Thailand legally and efficiently — from THB 33,500 with a typical turnaround of 7–14 business days. Affordable pricing, a simplified process, and honest advice you can rely on.
"It was a breeze dealing with the UnionSPACE team. They removed all the complexity of starting a business in Thailand and made it simple for me and my family."
Arun
"I love the way you always put the customer first. Thanks for making company setup so easy and keeping me updated throughout the registration and VAT registration process."
Julie
"On time, on the spot! Company incorporation made easy — that's real!"
Gary & Mathew
"Thank you for your fast and transparent advice on company setup in Thailand. Great English-speaking team too."
Emily
Dependable, Transparent & Honest Company Incorporation in Thailand
UnionSPACE helps Thai nationals and foreigners incorporate their business in Thailand with full legal compliance. Our comprehensive services include VAT-approved virtual office, VAT registration, joint venture setup, Director-as-a-Service, serviced offices, monthly accounting and tax reporting, and year-end audit — everything a company needs to operate in Thailand.
We have a local team in Bangkok and Koh Chang, with branches expanding to Hua Hin, Phuket, and Pattaya. Our legal specialists also assist foreigners in obtaining a Non-Immigrant B (Non-B) Visa and Work Permit in Thailand through their own registered Thai company. If you need a complete setup — company + Non-B Visa + Work Permit — see our combined package here.
How Much Does It Cost to Register a Company in Thailand?
Company Incorporation
For Thai Nationals
Company must have more than 51% Thai shareholders.
Standard (7–14 business days)
Your company will be ready in 7–14 business days
THB 33,500
Express (5–10 business days)
Your company will be ready in 5–10 business days
THB 76,500
We provide professional, end-to-end assistance to Thai entrepreneurs establishing a Thai private limited company (บริษัทจำกัด) in full compliance with the Civil and Commercial Code of Thailand.
Our service covers every stage: company name reservation, Memorandum of Association (MOA) drafting and filing, registration with the Department of Business Development (DBD), and issuance of your company tax ID card.
Get Started Talk to UsCompany Incorporation
For Foreigners
Options available for up to 100% foreign ownership.
Export-Only / Manufacturing / Management Consultant (FBL-Exempt)
Foreigner can own up to 100% of shares in this company type
Starts from
THB 195,000
Branch / Representative Office
100% foreign ownership. Requires an existing foreign parent company.
Starts from
THB 168,000
US Treaty of Amity Company
Up to 100% ownership for American citizens or US-registered entities.
Starts from
THB 215,000
Foreign Business License (FBL) or BOI-Promoted Company
Up to 100% foreign ownership. Requires qualifying business activity and significant investment.
Starts from
THB 320,000
Under Thai law, a fixed physical office address is required for Company / VAT registration (UPDATED Jan, 2026). A DBD /VAT officer may conduct a random premises inspection, so your registered address must display your company signage and is a physical enclose space. UnionSPACE provides a fully compliant DBD/VAT compliant office for those who do not have an office yet.
Get Started Talk to UsFees include government fees, professional fees, and out-of-pocket expenses. Valid for registered capital up to THB 4,000,000. All timeframes refer to normal business days. Prices shown in Thai Baht (THB) and exclude VAT.
What's Included in Each Company Incorporation Package?
A detailed breakdown of inclusions for our Thai and foreigner company registration plans
Company Incorporation
Majority Thai Owned CompanyAs low as THB 33,500 |
Company Incorporation
Fully / Majority Foreign Owned CompanyStarts from THB 168,000 |
|---|
| Company Name Search and Reservation | ||
| Company Name Search and Reservation | ||
| Drafting of Memorandum of Association (MOA) | ||
| Drafting of Memorandum of Association (MOA) | ||
| Submission of MOA to the Ministry of Commerce (DBD) | ||
| Submission of MOA to the Ministry of Commerce (DBD) | ||
| Company Affidavit, Certificate, Shareholder List & Articles of Association | ||
| Company Affidavit, Certificate, Shareholder List & Articles of Association | ||
| English version - Company Affidavit, Certificate, Shareholder List & Articles of Association | ||
| English version Company Affidavit | ||
| Customized Company General Objectives | ||
| Customized Company General Objectives | ||
| Company Signage & Lease Agreement | ||
| Company Signage & Lease Agreement | ||
| Landowner Letter of Approval | ||
| Landowner Letter of Approval | ||
| Registration with the Revenue Department of Thailand (Tax ID) | ||
| Registration with the Revenue Department of Thailand (Tax ID) | ||
| VAT Registration with the Revenue Department | ||
| VAT Registration with the Revenue Department | ||
| Transportation, Notarisation & Mailing Fees | ||
| Transportation, Notarisation & Mailing Fees | ||
| Document Preparation & Corporate Bank Account Opening Assistance | ||
| Document Preparation & Corporate Bank Account Opening Assistance | THB account | THB Account & USD Account |
| FREE Accounting & Tax Filing Service | ||
| FREE Accounting & Tax Filing Service | 1 Month | 3 Months |
Our Guarantee: Prices are locked in for the lifetime of your account. Shown in Thai Baht (THB) and include VAT.
50× USPassport Work Pass
Worth THB 6,750
10-Hour Meeting Room Package
Worth THB 5,500
45-Minute FREE Consultation
With a certified accountant and tax consultant
Access to Community Business Board
Promote your business to our network
Additional Business Services in Thailand
Accounting & Tax Reporting
Starts from THB 8,500 per month
Transfer VAT Registration
For only THB 8,000
Work Permit Document Preparation & Application
For only THB 38,000
Non-Immigrant "B" Visa Preparation & Application
Starts from THB 42,000
Change of Director
For only THB 8,000
Change of Shareholder
For only THB 8,000
Company Stamp Registration
For only THB 5,000
English Translation of All Company Incorporation Documents
For only THB 8,500
Thai Business Partner
Most standard Thai limited companies require a Thai person or entity to hold at least 51% of shares. If you need a Thai national as a shareholder, read on.
What Is a Thai Shareholder (Nominee) Service?
Using a Thai individual or entity as a nominee shareholder is illegal in Thailand. While this arrangement may have been more common in the past, the Thai government has significantly tightened its scrutiny and enforcement since 2025.
The Department of Business Development (DBD) has strengthened its review of companies with foreign shareholding structures, particularly those operating in higher-risk sectors such as real estate, tourism, and hospitality. Because of this, we strongly recommend that foreign investors consider legitimate business structures that allow majority or full foreign ownership, such as a BOI-promoted company, branch office, representative office, export-only company, manufacturing-only company, Foreign Business License (FBL) exempted company, or a US Treaty of Amity company. Another practical option is to work with a qualified and genuinely participating Thai partner in Thailand.
If you would like personalised advice on the most suitable and compliant structure for your business, please feel free to contact us.
What Is a Thailand Limited Company (บริษัทจำกัด)?
The Thai limited company is the most common legal entity for doing business in Thailand, comparable in structure to an LLC in the United States.
A Thai limited company (borisat chamgat) must be owned by a minimum of two shareholders and managed by at least one director. Under the Foreign Business Act, at least 51% of shares must be held by Thai nationals or Thai entity; the remaining shares may be held by foreigners or foreign-registered entities.
Many foreign-owned businesses once used Thai nominee shareholders, but this is no longer a practical option due to stricter scrutiny by Thai authorities. As a result, businesses are increasingly turning to legal alternatives such as IOT and EOR services, or setting up structures that allow majority or full foreign ownership, including BOI-promoted companies, branch or representative offices, export-only companies, US Treaty of Amity companies, and other FBL-exempt structures.
Set Up a Thai Company with Majority Foreign Ownership
Planning to establish a Thai company with majority or 100% foreign ownership? Depending on your business activity and eligibility, there are three proven legal pathways. UnionSPACE provides end-to-end support for each route.
What Is the Minimum Capital Required to Register a Company in Thailand?
There is no statutory minimum registered capital required to set up a company in Thailand. However, UnionSPACE recommends a minimum of THB 2,000,000, as this is the threshold required for a Thai company to employ a foreign national and sponsor a Work Permit.
You do not need to have this full amount in your bank account before registering. Only 25% of the registered capital (the paid-up capital) needs to be deposited initially, and this amount can be used as working capital for the business.
If your company's sole purpose is to hold property — such as land, a condominium, or a house — a registered capital of THB 1,000,000 is typically sufficient.
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Setting up a company in Thailand — complete walkthrough
Step-by-Step Guide to Registering a Limited Company in Thailand
Choose a Company Name and Provide Two Alternatives
UnionSPACE will search the Department of Business Development (DBD) company name database on your behalf. If your preferred name is approved, we will immediately reserve it, securing your identity before the registration process begins.
Drafting, Signing and Filing the Memorandum of Association (MOA)
Our team prepares the MOA based on best practice and sends it to you for review before anything is filed. You may request amendments at this stage.
The MOA is a legally binding document submitted to the Ministry of Commerce (DBD). It must clearly state the names and personal details of all shareholders, the company's registered business address (PO boxes and residential addresses are not accepted), the registered and paid-up capital, and the primary business activity.
Upon approval by the DBD, your company is legally registered in Thailand. You will receive your Company Affidavit, Certificate, List of Shareholders, and Articles of Association.
Tax and VAT Registration for Your Thai Limited Company
If your company's expected annual revenue is below THB 1,800,000, VAT registration is not required. However, you must still submit your company registration documents to the Central Filing Office of the Revenue Department to obtain your company tax ID card.
To register for VAT and obtain a VAT Certificate, you must provide written permission from the landowner of your registered business address — unless your company owns the premises outright. UnionSPACE can provide a VAT-approved registered address as part of your package.
Opening Your Corporate Bank Account with a Thai Bank
As part of our incorporation package, UnionSPACE prepares all required documents and provides a letter of recommendation to our partner bank. All directors and authorised signatories must appear in person before the bank manager. If any signatory is a foreigner, some Thai banks require a valid Work Permit before approving the account.
With UnionSPACE, you can incorporate your Thai company without physically visiting Thailand or our office. The standard turnaround for a complete Thai company registration — from name reservation to bank account — is approximately two weeks.
- Standard company incorporation turnaround in Thailand: approximately 2 weeks.
Frequently Asked Questions — Company Registration in Thailand
Answers to the most common questions about incorporating a business in Thailand
For a Thai-majority-owned company, registration starts from THB 33,500 (Standard, 7–14 business days) or THB 76,500 (Express, 5–10 business days). For foreign-owned structures, prices start from THB 168,000 (Branch/Rep Office), THB 215,000 (US Treaty of Amity), THB 195,000 (FBL-exempt company), and THB 320,000 (BOI-promoted company). All fees include government fees, professional fees, and out-of-pocket expenses for registered capital up to THB 4,000,000.
Yes, through the right legal structure. Foreigners can achieve 100% ownership via: (1) an FBL-exempt company (export-only, manufacturing, or management consultant); (2) a Foreign Business License for restricted activities; (3) a BOI-promoted company in a priority sector; (4) a Branch or Representative Office of a foreign parent; or (5) a Treaty of Amity company (US citizens only). Standard Thai limited companies require at least 51% Thai shareholding.
Standard registration takes 7–14 business days. An express service is available for completion in 5–10 business days. Special structures such as BOI or FBL companies may take longer and require an initial consultation.
No. UnionSPACE can complete the entire Thai company incorporation process remotely — without you needing to be in Thailand or visit our office. The typical completion time remains approximately two weeks.
There is no statutory minimum. However, UnionSPACE recommends a registered capital of at least THB 2,000,000 to enable the company to sponsor a foreign Work Permit. Only 25% (THB 500,000) must be paid up initially and deposited into the company account. For property-holding companies, THB 1,000,000 is usually sufficient.
For a standard Thai limited company, yes — a Thai national must hold at least 51% of shares. UnionSPACE offers a professional Thai Shareholder Service that provides a compliant Thai holding entity as a nominee shareholder, with appropriate legal protections in place. Alternatively, foreigners can pursue 100% ownership through FBL, BOI, Treaty of Amity, or Branch Office structures.
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Free 3-Month Accounting & Tax Reporting Service
Complimentary with any Company Incorporation package
Worth THB 22,500
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