provides objective measures of business regulations and their enforcement across 183 economies and selected cities at the subnational and regional level. Learn more...
Bht700 (Bht200 for duty stamp affixed on the original Memorandum of Association, Bht500 minimum and Bht25,000 maximum for government fee) + THB 5,200 minimum (Bht200 for duty stamp affixed on the original Articles of Association, Bht5,000 minimum and Bht2
no charge or Bht20 for applying application to the Registrar at the Department of Business Development ("DBD")
Name of Agency:
Comment:
Promoters can search and reserve a company name on the Department of Business Development’s Web site ( www.thairegistration.com or www.dbd.go.th). Otherwise, they can apply for a name reservation in person at the Department’s Registrar.
Procedure 2.
Deposit paid-in capital in a bank
Time to complete:
1 day
Cost to complete:
no charge
Name of Agency:
Comment:
Once the company gets approval for the memorandum and the articles of association, it must hold a statutory meeting, and shareholders must pay in at least 25% of the registered capital.
Procedure 3.
Obtain a corporate seal
Time to complete:
4 days
Cost to complete:
THB 300-500
Name of Agency:
Comment:
According to Thai law, a company is not required to have a corporate seal except for affixation on company share certificates. In practice, however, a Thai company usually affixes its corporate seal to other documents.
Procedure 4.
Get approval for memorandum of association and apply to register the company as a legal entity (final registration) at the Private Limited Companies Registrar.
Time to complete:
1 day
Cost to complete:
Bht700 (Bht200 for duty stamp affixed on the original Memorandum of Association, Bht500 minimum and Bht25,000 maximum for government fee) + THB 5,200 minimum (Bht200 for duty stamp affixed on the original Articles of Association, Bht5,000 minimum and Bht2
Name of Agency:
Comment:
The application for registration of the memorandum of association must contain (a) the company names in Thai and in a foreign language (for certificate of company name, see Procedure 1); (b) nature of business; (c) capital to be registered; (d) number and par value of shares; (e) address of the headquarters; (f) names, ages, and addresses of promoters; (g) number of shares subscribed by each promoter; and (h) signatures of all promoters. - The promotors prepare the application for registration of the memorandum of association containing the details specified in procedure 2; - The first statutory meeting shall still be convened, provided that the notice to summon the first statutory meeting is not required; - The shareholders must pay at least 25% of the registered capital; - The promotors and authorized signatory director must sign the applications for registration of memorandum of association and for registration of incorporation, respectively, before Private Limited Companies Registrar, attorney at law, or auditor registered with the Registrar.
However, if the company has adopted complicated articles of association, the Registrar may take a few days to review the company's articles of association. In such case, the registration of company incorporation may be prolonged for a few days or more.
Procedure 5.
Register with the Revenue Department for tax
Time to complete:
2 days
Cost to complete:
no charge
Name of Agency:
Comment:
Within 60 days of incorporation, the company must register with the Revenue Department to obtain a taxpayer identification card. The same tax number appears on the VAT certificate and on the taxpayer identification card, which are normally obtained on the same date of application filing. However, the VAT certificate will be mailed separately to the company’s registered address. Businesses earning more than THB 1,800,000 per year must register for VAT within 30 days from the date the income was earned. The company must also file VAT returns within the 15th day of each month. This is required even if no income was derived in the proceeding month. VAT registration must be filed in person at the same office as for income tax registration. The procedure takes 1–3 days.
Procedure 6.
Register for social security and Workmen’s Compensation Fund at the Social Security Office, Ministry of Labor
Time to complete:
1 day
Cost to complete:
no charge
Name of Agency:
Comment:
Employers (with one or more employees) must register their employees for social security and workers’ compensation insurance by in person at the Social Security Office, Ministry of Labor.
Procedure 7.
Submit company work regulations to the Office of Labor Protection and Welfare of the Ministry of Labor at the district where the head office of the company is located
Time to complete:
21 days
Cost to complete:
no charge
Name of Agency:
Comment:
The company work regulations are reviewed by the Office of Labor Protection and Welfare, and the company is advised on the required revisions. An employer with 10 or more regular employees must establish written rules and regulations (in Thai) that comply with the amendments of theLabor Protection Act B.E. 2541 on work performance. The regulations must be displayed at the work premises within 15 days of hiring 10 or more employees. This procedure takes 2–4 weeks.
View all indicator data and topic details for this economy.