Thailand

Ease of Doing Business in

Thailand

This page shows summary Doing Business 2012 data for Thailand. The first table lists the overall "Ease of Doing Business" rank (out of 183 economies) and the rankings by each topic. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

Region East Asia & Pacific
Income Category Upper middle income
Population 68,139,238
GNI Per Capita (US$) 4,210.00
Doing Business 2012 Rank Doing Business 2011 Rank Change in Rank
17 16 down -1
Topic Rankings DB 2012 Rank DB 2011 Rank Change in Rank
Starting a Business 78 97 up 19
Dealing with Construction Permits 14 14 No change
Getting Electricity 9 8 up -1
Registering Property 28 18 up -10
Getting Credit 67 64 up -3
Protecting Investors 13 12 up -1
Paying Taxes 100 94 up -6
Trading Across Borders 17 19 up 2
Enforcing Contracts 24 24 No change
Resolving Insolvency 51 47 up -4

Economy Profile

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Starting a Business

Info

The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.

DB 2012 Rank 78 DB 2011 Rank 97 Change in Rank up19
Indicator Thailand East Asia & Pacific OECD

The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries).

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Procedures (number)
5 7 5

The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments.

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Time (days)
29 37 12

Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law.

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Cost (% of income per capita)
6.2 22.7 4.7

The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita.

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Paid-in Min. Capital (% of income per capita)
0.0 20.1 14.1
No. Procedure Time to Complete Associated Costs
1 Apply for permission to use company name 2 days no charge or THB 20 for applying application to the Registrar at the Department of Business Development ("DBD")
2 Deposit paid-in capital in a bank 1 day no charge
3 Obtain a corporate seal 4 days THB 200-400
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. 1 day THB 650 (Fee for registration of memorandum of association, THB 500 minimum and THB 25,000 maximum for government fee and it shall be increased for THB 50 every THB 100,000 of initial capital) + THB 6,500 minimum (Fee for registration of the company, THB5,000 minimum and THB 250,000 maximum for government fee and increased for THB 500 every THB 100,000 of initial capital)+ THB 200 (Stamp duty affixed on memorandum of association) + THB 200 (Stamp duty to be affixed on articles of association) + THB 100 (Certificate of Registration fee ) + THB 200 (Affidavit fee) + THB 50 per page for certification document fee.
5 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 21 days no charge

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