Starting a business in Thailand as a foreigner can feel like a complex journey, but with the right guidance, it’s an achievable goal. In 2025, updated regulations have made the process more accessible, opening doors for international entrepreneurs to tap into Thailand’s vibrant economy. At TCG Thailand, we’ve supported numerous foreign businesses in establishing their presence here, handling everything from company registration to licensing requirements. This guide provides a clear roadmap to help you set up your company successfully, ensuring compliance with Thai laws while positioning your business for growth.
Why Choose Thailand for Your Business?
Thailand offers a strategic location in Southeast Asia, a growing economy, and business-friendly policies like Board of Investment (BOI) incentives, making it an ideal destination for foreign investors. However, as a foreigner, you’ll need to navigate specific requirements, such as ensuring at least 51% Thai ownership for certain business types—unless you qualify for exemptions under the Foreign Business Act. You can choose from several company structures, including a Private Limited Company (the most popular option for foreigners), a Partnership, or a Representative Office, depending on your business objectives.
A Clear Path to Company Registration in 2025
The process begins with reserving a unique company name through the Department of Business Development (DBD), which typically takes 1–3 days and costs around THB 50. Next, you’ll need to prepare key documents, including a Memorandum of Association, Articles of Association, and details of shareholders—at least three shareholders are required. Once your documents are ready, file your application with the DBD and pay the registration fee, starting at THB 5,500 for a THB 1 million capital, to obtain your company registration certificate. If your annual revenue exceeds THB 1.8 million, you must register for VAT at a 7% rate within 30 days of reaching this threshold. Finally, open a corporate bank account and secure any necessary licenses, such as a Foreign Business License if applicable.
What to Budget and How Long It Takes
Setting up a company in Thailand typically costs between THB 15,000 and THB 50,000, depending on your registered capital and legal fees. Additional expenses may include work permits (THB 3,000 per permit) and visa fees. The entire process generally takes 2–4 weeks, provided all documents are in order, though delays can occur if additional licenses are required. You should also plan for ongoing compliance costs, such as annual accounting fees (THB 10,000–30,000) and audit fees (THB 20,000 or more), to keep your business in good standing.
Partner with TCG Thailand for a Seamless Setup
At TCG Thailand, we take the complexity out of company registration for foreigners. With over 27 years of experience, our team manages every step—from name reservation to VAT registration—ensuring full compliance with Thai regulations. Beyond setup, we provide ongoing support, including accounting, tax filing, and visa services, so you can focus on growing your business in Thailand.
