Starting a business in Thailand can be a rewarding experience, but the process of registering a company might seem daunting. In this blog post, we’ll walk you through the cost of registering a company in Thailand and provide insights into the required steps and fees involved.
Most people who visit this page will be looking for the cost of registering a limited company in Thailand as a foreigner. The total price for registering a Thai Ltd. as a foreigner, including all government fees and legal and administrative services, is typically around 40,000 to 60,000 THB. There are cheaper options too. Registering a fully-Thai owned Thai Ltd. can be as cheap as 15,000 to 20,000 Baht, although the quality of the legal services you get might vary.
Key Factors Affecting the Cost of Registering a Company in Thailand
Before diving into the costs, it’s essential to understand the factors that can affect the overall expenses of registering a business in Thailand. These factors include:
- Type of business entity
- Required licenses and permissions
- Legal and accounting fees
- Location and rental costs
- Initial capital requirements
Costs of Various Business Entities in Thailand
Thailand offers several types of business entities that cater to different business needs. Here are the most common types of businesses and their respective registration costs:
A sole proprietorship is the simplest form of business, owned and operated by one person.
- Registration fee: 100 THB per 100,000 THB of registered capital (minimum of 1,000 THB, maximum of 100,000 THB)
Partnerships are businesses where two or more people share ownership responsibilities, with either limited or unlimited legal liability.
- Ordinary partnership registration fee: 1,000 THB
- Limited partnership registration fee: 5,000 THB
A limited company is a separate legal entity in which shareholders have limited liability. It is the most common form of a registered company in Thailand.
- Private limited company registration fee: 5,500 THB per 1,000,000 THB of registered capital (minimum fee of 5,000 THB)
- Public limited company registration fee: 2,000 THB per 1,000,000 THB of registered capital (minimum fee of 20,000 THB)
Additional Costs to Consider
Besides the registration fees, there are several other associated costs when setting up a business in Thailand.
- Legal and accounting fees: Vary depending on the complexity of your business structure and requirements
- Business license fees: Depending on your industry, obtaining specific licenses and permissions might be necessary. License fees range from 1,000 THB to 100,000 THB.
- Work permits for foreign employees: A work permit typically costs around 3,000 THB for a 3-month permit, 4,500 THB for a 6-month permit, and 6,000 THB for a 12-month permit.
- Office rental: Renting an office space in Thailand can vary greatly depending on the location and facilities offered. Prices can start as low as 7,000 THB per month for a small office in less central areas.
The cost of registering a company in Thailand depends on the type of business entity you choose and various factors like legal fees, licensing, and initial capital requirements. Although the process might seem complex, understanding the costs involved can help you make informed decisions and smoothly navigate the registration process. As always, it’s advised to work with a professional consultancy to ensure you comply with all legal requirements and avoid unnecessary hurdles in the process of starting your business in Thailand.