Th Company Formation

---
name: th-company-formation
description: "Source-cited draft: company formation & entity choice for Thailand (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review."
license: "AGPL-3.0-or-later (code) / OpenAccountants Guide License v1.0 (content)"
metadata:
  source: openaccountants
  openaccountants_url: "https://www.openaccountants.com/skills/th-company-formation"
  jurisdiction: "TH"
  tax_year: "2025"
  last_updated: "2026-07-13"
---

# Thailand Company Formation & Entity Choice

## Entity types, formation and compliance

- **Common vehicle overview** — The most common vehicle is the Thai private limited company, registered with the Department of Business Development (DBD). Foreign ownership is governed by the Foreign Business Act.
- **Common entity types** — Private limited company, public limited company, partnership (ordinary/limited), branch, and representative office  _(Civil and Commercial Code; Public Limited Companies Act — https://www.siam-legal.com/Business-in-Thailand/thailand-limited-company.php)_
- **Minimum shareholders (private limited company)** — 2 promoters/shareholders (reduced from 3 in 2022)  _(Civil and Commercial Code (as amended 2022) — https://benoit-partners.com/thai-limited-company/)_
- **Minimum registered capital (general)** — No statutory minimum for a Thai-owned company; commonly THB 50,000+ in practice THB ((approx — confirm)) THB  _(Civil and Commercial Code — https://belaws.com/thailand/company-setup-in-thailand/)_
- **Minimum capital for foreign-owned business (restricted activity)** — THB 2,000,000 (or THB 3,000,000 if the activity is restricted under the Foreign Business Act) THB ((approx — confirm)) THB  _(Foreign Business Act B.E. 2542 (1999) — https://emerhub.com/thailand/register-company-in-thailand/)_
- **Capital required per foreign employee (work permit)** — THB 2,000,000 per foreign employee (THB 1,000,000 if married to a Thai national) THB THB  _(Foreign Business Act / Ministerial regulations on work permits — https://belaws.com/thailand/company-setup-in-thailand/)_
- **Incorporation steps** — Name reservation, file Memorandum of Association, statutory meeting (adopt AOA, appoint directors and auditor), capital verification, DBD registration  _(Civil and Commercial Code; DBD registration procedure — https://www.siam-legal.com/thailand-law/steps-for-company-registration-in-thailand-2/)_
- **Typical incorporation timeline** — Approximately 2–4 weeks ((approx — confirm))  _(DBD registration procedure — https://www.siam-legal.com/Business-in-Thailand/thailand-limited-company.php)_
- **Digital registration platform** — From 1 January 2026, registrations must use the DBD Biz Regist digital platform ((future change — confirm))  _(DBD Order 2/2568 — https://betterthanfreehold.com/resources/dbd-order-2-2568-company-registration-thailand-2026)_
- **Annual statutory audit** — Every company (including dormant) must have financial statements audited by a licensed Thai CPA  _(Accounting Act B.E. 2543 (2000) — https://www.juslaws.com/articles/filing-financial-statements-thailand-deadlines-and-liabilities)_
- **Annual general meeting** — Must be held within 4 months of fiscal year-end  _(Civil and Commercial Code — https://www.juslaws.com/articles/filing-financial-statements-thailand-deadlines-and-liabilities)_
- **Financial statement filing with DBD** — Audited financial statements filed with the DBD within 1 month of the AGM approval  _(Accounting Act B.E. 2543 (2000) — https://www.juslaws.com/articles/filing-financial-statements-thailand-deadlines-and-liabilities)_
- **Corporate income tax return after audit** — Form PND.50 filed within 150 days of fiscal year-end  _(Thai Revenue Code, Section 68; Form PND.50 — https://taxsummaries.pwc.com/thailand/corporate/tax-administration)_

## Today's figures and who stands behind this skill

This file is an AI skill (tax rules your AI follows) from OpenAccountants, copied on 2026-07-13. Rates, thresholds and deadlines change. For the current version of this skill, its official sources and the named accountant (if any) who stands behind it, call `get_skill` with slug `th-company-formation` on the OpenAccountants connector (https://www.openaccountants.com/connect), or read https://www.openaccountants.com/skills/th-company-formation. If neither is available, confirm every figure against the official source pages cited above before relying on it.