Thailand company help: answers by topic

Yes, for now. Documents signed abroad, such as a corporate shareholder's certificate or a power of attorney, are usually notarised and legalised through a Thai embassy or consulate. Thailand has joined the Apostille Convention, which enters into force for Thailand on 28 February 2027; from then an apostille should replace legalisation for most countries.

Certification and apostille

Source: Status table: Apostille Convention, Hague Conference on Private International Law (HCCH)

No. Capital is your company's own money, paid into its Thai bank account, and it funds the business. The package price covers registration work and government fees. At least a quarter of each share must be paid up at registration, and foreign-owned companies often have to show capital brought in from abroad (confirm the amount for your activity with your specialist).

Thailand company guide

Source: To set up a company in Thailand as a foreign company, One Start One Stop Investment Center (BOI)

Before it starts trading if it expects turnover above 1.8 million baht a year, or within 30 days after its income passes that level. Registration is made at the Area Revenue Office for the head office. Registered companies then file monthly VAT returns.

Accounting and tax filing

Source: Value Added Tax, The Revenue Department, Thailand

The company certificate issued by the DBD, the memorandum and articles, the shareholder list, a board resolution on signatories and the directors' passports. Some banks also ask for a work permit for foreign signatories or for proof of the company's office. The bank decides; we prepare the documents and English translations.

Business account support

Yes. Within two months after the first six months of its accounting period, it files a half-year return (PND 51) and pays half of its estimated tax for the year. The full-year return (PND 50) follows within 150 days of year-end. Estimates far below the final figure can bring a surcharge (confirm with your specialist).

Accounting and tax filing

Source: Corporate Income Tax, The Revenue Department, Thailand

Withholding tax returns on payments such as salaries, services and rent, filed within 7 days of the following month, plus monthly VAT returns if registered and social security contributions for staff. A local accountant usually handles these. We quote bookkeeping once we know your volume.

Accounting and tax filing

Source: Corporate Income Tax, The Revenue Department, Thailand

The shareholders pass a resolution and the change is registered with the DBD, normally within 14 days of the resolution (confirm the deadline with your specialist). If the directors' signing authority changes, that is registered at the same time. A foreign director who will work in Thailand also needs a work permit.

Corporate changes

Source: Department of Business Development, Ministry of Commerce, Thailand

Yes. Duty is 1 baht for every 1,000 baht of the paid-up value of the shares or the value in the transfer document, whichever is greater, and the seller is liable for it. Check the Foreign Business Act position first: a transfer that makes the company majority foreign-owned can change what it is allowed to do.

Corporate changes

Source: Stamp Duty Schedule, The Revenue Department, Thailand

The renewal of US$1,360 on Starter covers the corporate services in your package for the year and your compliance calendar, and your quote lists each item. The audit by a Thai licensed auditor, bookkeeping, and monthly tax and social security filings are quoted separately, because they depend on your activity.

Company renewal

The shareholders resolve to dissolve and appoint a liquidator, the dissolution is registered with the DBD, and the liquidator settles debts, taxes and assets before registering completion. Expect several months, because the tax audit on closure can take time (confirm the steps with your specialist).

Company closure

Source: Department of Business Development, Ministry of Commerce, Thailand