Setting Up a Business in Thailand: Company Formation Services

Why Incorporate in Thailand?

Thailand continues to be an attractive destination for local and foreign entrepreneurs due to its strategic location, growing economy, and favorable trade access. However, establishing a company here requires navigating Thai corporate law, investment regulations, and regulatory approvals. At BASE Law Firm, we help clients lay a strong legal foundation (from entity selection to regulatory compliance) so your business can thrive in Thailand.

Our service include:

Entity selection and structuring advice
Name reservation and documentation
Capital and shareholder setup
DBD registration and tax filings
BOI, FBA, visa guidance
Post-incorporation compliance support

What Types of Business Entities Can You Form?

Choosing the right corporate structure is critical. We advise on the following common entity types:

Private Limited Company (Ltd.): The most common form for local and foreign investors.
Partnerships: Both registered and unregistered; includes limited or general partnerships.
Representative Office or Branch Office: For foreign companies testing or servicing the Thai market.
Joint Ventures: Collaborations between Thai and foreign partners.
Non-Profit Entities: Associations or foundations under Thai law.

Each structure has different implications in terms of liability, capital requirements, governance, and tax.

Key Steps for Company Registration

Our incorporation service covers every phase of the process:

Entity Selection & Planning

We begin by assessing your business goals, investment scale, and long-term plans to recommend the most suitable form of company.
Name Reservation

We conduct name availability checks and reserve your company name with the Department of Business Development (DBD).
Capital & Share Structure
- Advise on share capital (authorized vs. paid-up), share classes, and foreign equity limits
- Assist with documentation for shareholders and share allocation
Statutory Documents

Prepare and file incorporation paperwork, including:
- Memorandum and Articles of Association
- Shareholder agreements
- Bylaws and internal governance
Registration with Authorities
- Submit required documents to the DBD
- Obtain a company tax ID and VAT registration (if applicable)
- Apply for social security registration, provident fund, and any other industry-specific permits
Opening a Bank Account

Help set up a corporate bank account in Thailand, facilitating operational banking and capital contribution.

Foreign Investors: Special Considerations

If you’re a foreign investor, you’ll need to navigate additional legal requirements:

Foreign Business Act (FBA): Depending on your business activity, an FBA license or exemption may be necessary.
Work Permits & Visas: Assistance with obtaining legal status for foreign directors or employees.
BOI (Board of Investment): If eligible, we help you apply for BOI promotion, which offers tax incentives, foreign ownership privileges, and other benefits.
Corporate Governance: Guidance on establishing board structure, shareholder rules, and compliance to meet both Thai and international standards.

Post‑Incorporation Obligations

Once your company is legally established, compliance becomes ongoing. We support our clients in:

Preparing annual financial statements and statutory reports
Conducting annual director/shareholder meetings and minutes
Complying with tax filings, social security, and payroll obligations
Advising on data protection and PDPA compliance
Maintaining good corporate governance and risk management protocols

Why BASE Law Firm Is Your Best Partner

Hands-On Experience: We have deep experience advising both international and local clients, guiding them through Thailand’s regulatory landscape.
Tailored Legal Solutions: Whether forming a small startup, a joint venture, or a BOI-approved enterprise, we design structures to fit your specific business strategy.
Transparent Process: We provide a clear roadmap and timeline, ensuring you understand each step and what documentation is required.
Ongoing Support: Beyond registration, we remain your legal advisor for compliance, governance, expansion, and risk management.