What you receive: Company affidavit
Sample documents · invented data
- 01. Thai Limited Company
- 02. BOI-Promoted Company
- 03. Representative Office
- 04. Foreign-Majority Company
- 05. Treaty of Amity
Thai Limited Company
The standard structure: at least 2 shareholders, majority Thai ownership (51%+), minimum 10 THB registered capital (though banks and government agencies expect at least 1-2 million THB in practice). Most foreign entrepreneurs choose this when they have a Thai business partner or don’t qualify for BOI. Registration takes about 2 weeks from name reservation to tax ID.
BOI-Promoted Company
100% foreign ownership, corporate tax holidays for 3-8 years, import duty exemptions, permission to own land. To qualify, your business activity must be on the BOI’s promoted list (200+ activities including tech, manufacturing, R&D). Application takes 40-90 days for BOI approval, then 2 weeks for company registration.
Representative Office
Not a real company: it’s a liaison office that lets you do market research, source products, and coordinate with Thai suppliers. You cannot sell anything, sign contracts, or earn revenue. All operating money must come from your head office abroad. Useful for testing the market before committing.
Foreign-Majority Company
You can own more than 49% without BOI if you get a Foreign Business License from the DBD. Requirements: minimum 3 million THB capital per restricted activity, plus demonstrating that your business benefits Thailand. The application process takes 2-4 months and isn’t guaranteed.
Treaty of Amity
US citizens and US companies can own 100% of a Thai company under the 1966 US-Thai Treaty of Amity. Most business activities are allowed except a few reserved sectors (media, farming, land trading). Application goes through the US Embassy and the Department of Business Development.
The Registration Process
Pricing
Fixed fees. No surprises.
Company Registration
Full incorporation
- Name reservation
- Memorandum of association
- Statutory meeting
- DBD registration
- Tax ID and SSO registration
- Corporate seal
- Initial advice on accounting, tax and licences
Bank Account Opening
Separate service, per bank
- Bank selection advice
- Document preparation
- A DDES team member with you at the bank
- Multi-currency setup
Prices exclude 7% VAT. Government fees are charged separately at cost.
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Katwalee Matar (Lee)
Co-Founder & Managing Partner
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