Company registration (en)

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KHONSU LEGAL

Company registration in Phuket

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Thai Limited Company

In a Thai Limited Company, foreigners can own no more than 49% of the shares, with the remaining 51% required to be owned by Thai citizens. This rule is designed to protect local businesses and the economy by limiting the influence of foreign investors. However, there are exceptions that allow foreigners to own more than 49% of the shares:

Foreign Business License (FBL): Obtaining this license allows foreign nationals to own a controlling stake in certain sectors.
Support from BOI: Companies approved by the Board of Investment (BOI) of Thailand can have 100% foreign ownership.
Treaty of Amity between the USA and Thailand: US citizens can own up to 100% of the shares in a company

These exceptions provide foreigners with the opportunity to own 100% of the shares in a Thai company

Board of Investment of Thailand (BOI)

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Minimum two shareholders

In Thailand, a limited company requires a minimum of two shareholders. This structure ensures that ownership is shared and meets legal requirements. Our firm assists in setting up companies, ensuring all legal aspects, such as shareholder requirements, are properly handled.

Ltd – Limited Liability Company in Thailand

Thai limited liability company, the most popular form of business for foreign entrepreneurs. The majority of shares (at least 51%) must be owned by Thai citizens or Thai legal entities (with rare exceptions such as BOI or Foreign Business License (FBL)

Business visas

In Thailand, the standard requirement is a registered capital of 2 million baht per foreign employee when applying for a Work Permit. However, if a company receives certain privileges, such as through the BOI, the requirements may differ..

Limited liability of shareholders

In Thailand, as in many other countries, shareholders of a limited company (Limited Company) are liable only up to the amount of their contribution to the registered capital..

Director

A company must have at least one appointed director. The director has primary responsibility for management and decision-making, as he/she has full authority over the company's activities.

Opportunities for foreigners

Opening a company allows you to legally do business in Thailand, obtain a visa, work permit, attach your family, and obtain licenses for specific types of activities.