Capital Requirements for Opening a Company in Thailand

Updated on Saturday 24th September 2016

Capital Requirements for Opening a Company in Thailand Image
The capital requirements for opening a company in Thailand is a quite complex subject. The assets required for a Thai citizen to set up a company in the country are quite simple, however for foreign citizens, the subject is more complicated. Here are a few important answers which should shed some light on the subject.
 

Companies owned by foreign citizens in Thailand


The most common organization owned by foreigners in Thailand is the limited company. Under the Foreign Business Act, the minimal capital required for opening this type of company in Thailand when owned by a foreign citizen is of THB 2 million (USD 57,713).

According the Act mentioned above, there are certain industries that are accessible to foreign citizens only under certain conditions and for which licenses have to be obtained. These types of organizations are mentioned in List 2 and List 3 of the Foreign Business Act. If a foreign citizen wants to set up a company in Thailand activating in one of these sectors, the minimal capital required is of THB 3 million (USD 86,570). 
 

Companies owned by local citizens in Thailand


The minimal capital requirement to register a Thai owned limited company is of THB 100,000 (USD 2,885) or enough capital to implement the activity of the business. A Thai owned limited company is a company in which Thai citizens own at least 51% of the share capital. 
 

Paid up capital


At the registration of a limited company, minimum 25% of the subscribed shares have to be paid up. Our company registration professionals in Thailand can provide more details on this subject.

In case the capital is declared entirely paid up though, 100% of the subscribed shares have to be paid up. Under the current legislation, the capital, if declared paid up, has to be paid up prior to the company incorporation. Hence the reason why he primary director of the business has to issue receipt to the shareholders that they have made their share subscription.

Our Thai company formation advisors can assist you with the process of setting up a company in Thailand. We invite you to contact us for guidance, as well as further information on the capital requirements for opening a company in Thailand.

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