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Establishing Your Business with Legal Precision across Thailand’s Economic Hubs.
- Thai Limited Company: The most popular choice for both locals and foreigners. It requires at least three shareholders and offers a flexible framework for most business activities.
- Foreign Business License (FBL): Essential for companies where the majority of shares are foreign-owned, allowing participation in restricted industries under the Foreign Business Act.
- Board of Investment (BOI) Promotion: Highly recommended for manufacturing hubs like Rayong, offering tax incentives and 100% foreign ownership for specific eligible activities.
- Partnerships and Branch Offices: Tailored solutions for specific commercial needs and representative functions.
The Foreign Business Act (FBA) and Ownership
For international investors in Bangkok and Pattaya, the Foreign Business Act is the primary legislation governing commercial activity. Most service-grade businesses are restricted under ‘List 3’ of the FBA, requiring a 51% Thai shareholding. However, our legal team specializes in navigating exceptions such as the Board of Investment (BOI) or the US-Thai Treaty of Amity, which may allow for 100% foreign ownership. Understanding these nuances during the company registration phase is vital to maintaining long-term operational control and legal compliance.
The Company Registration Process
Our firm streamlines the company registration in Thailand through a proven multi-step approach:
- Name Reservation: We verify and reserve a unique company name that complies with DBD regulations.
- Memorandum of Association (MOA): Drafting the foundational documents, including the company’s objectives, registered capital, and shareholder details.
- Statutory Meeting: Facilitating the mandatory meeting to adopt the articles of association and appoint directors and auditors.
- Registration Submission: Managing the physical filing of all Thai-language documents at the relevant provincial DBD office in Chonburi, Rayong, or Bangkok.
Post-Registration Requirements
Capitalization and Work Permits
Once the company registration is finalized by the Department of Business Development (DBD), your business must fulfill several immediate obligations. This includes registering for the Social Security Fund, applying for a Tax Identification Number (TIN), and, if your projected annual revenue exceeds 1.8 million THB, registering for Value Added Tax (VAT). Walailak Law Firm provides comprehensive post-incorporation support in Rayong and Chonburi, ensuring your corporate tax folders and labor law requirements are set up correctly from day one.
Critical Factors for Success
Why Choose Walailak Law for Your Business?
Successful company registration involves navigating complex local requirements. For example, a company wishing to employ foreign staff must generally have a registered capital of 2 million THB per work permit. Additionally, businesses in Pattaya and Bangkok must ensure their registered address complies with local zoning laws. Walailak Law Firm handles these intricacies on your behalf, providing a seamless “one-stop” service for your corporate setup.
With the correct documentation and professional assistance from Walailak Law Firm, a standard Thai Limited company registration can typically be completed within 3 to 5 business days once all forms are signed and submitted to the DBD.
While there is no strict minimum for a Thai-owned company, for businesses hiring foreigners in Rayong or Pattaya, a minimum registered capital of 2 million THB is usually required to support a single Work Permit and non-immigrant visa.

