Source-cited draft: company formation & entity choice for Thailand (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review.
General reference only
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Source-cited draft. This skill is source-cited but has not been reviewed by a licensed practitioner. It may be incomplete, outdated, or wrong.
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| Entity types, formation and compliance | The most common vehicle is the Thai private limited company, registered with the Department of Business Development (DBD). Foreign ownership is governed by the Foreign Business Act. | |
| Common entity types | Private limited company, public limited company, partnership (ordinary/limited), branch, and representative officeCivil and Commercial Code; Public Limited Companies Act | |
| Minimum shareholders (private limited company) | 2 promoters/shareholders (reduced from 3 in 2022)Civil and Commercial Code (as amended 2022) | |
| Minimum registered capital (general) | No statutory minimum for a Thai-owned company; commonly THB 50,000+ in practiceCivil and Commercial Code | |
| Minimum capital for foreign-owned business (restricted activity) | THB 2,000,000 (or THB 3,000,000 if the activity is restricted under the Foreign Business Act)Foreign Business Act B.E. 2542 (1999) | |
| Capital required per foreign employee (work permit) | THB 2,000,000 per foreign employee (THB 1,000,000 if married to a Thai national)Foreign Business Act / Ministerial regulations on work permits | |
The most common vehicle is the Thai private limited company, registered with the Department of Business Development (DBD). Foreign ownership is governed by the Foreign Business Act.
Other Thailand computations in the OpenAccountants library.
| Incorporation steps |
| Name reservation, file Memorandum of Association, statutory meeting (adopt AOA, appoint directors and auditor), capital verification, DBD registrationCivil and Commercial Code; DBD registration procedure |
| Typical incorporation timeline | Approximately 2–4 weeksDBD registration procedure |
| Digital registration platform | From 1 January 2026, registrations must use the DBD Biz Regist digital platformDBD Order 2/2568 |
| Annual statutory audit | Every company (including dormant) must have financial statements audited by a licensed Thai CPAAccounting Act B.E. 2543 (2000) |
| Annual general meeting | Must be held within 4 months of fiscal year-endCivil and Commercial Code |
| Financial statement filing with DBD | Audited financial statements filed with the DBD within 1 month of the AGM approvalAccounting Act B.E. 2543 (2000) |
| Corporate income tax return after audit | Form PND.50 filed within 150 days of fiscal year-endThai Revenue Code, Section 68; Form PND.50 |
Rendered from the facts database. General reference only — confirm with a qualified professional before acting.
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