Dmitri Mihhailov
Managing Partner
Founder of Prifinance. 15+ years structuring international companies, banking and licensing for founders worldwide.
Thailand Company Registration: 100% Foreign Ownership and BOI Tax Incentives.
Thailand holds a strategic position in the heart of Southeast Asia and offers well-developed infrastructure, an established industrial base, and a skilled workforce. The country is one of the region’s key manufacturing and trade hubs, connecting ASEAN markets with China and other Asian economies. BOI programs provide foreign investors with special incentives, including the possibility of 100% foreign ownership and corporate tax holidays of up to 13 years.
27 yrs
on the international marketon the market
60+
in-house specialistsspecialists
6,000+
companies servedcompanies served
Updated
Thailand · at a glance
Legal formPrivate limited
Time to set up1-3 weeks
Corporate tax20% · SME relief
Foreign ownership49% cap · BOI unlocks 100%
BOI holidays3-13 years
Remote setupYes - by POA
4.7
★★★★★
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Thailand: Key Features
Industrial and tourism potential for foreign investors.
Thailand is one of the leading economies in Southeast Asia and a major industrial hub in the region, known for automotive and electronics manufacturing. The country has well-developed transport and port infrastructure and welcomes tens of millions of tourists annually, while the development of the Eastern Economic Corridor is focused on attracting investment in advanced industries and technology. International businesses can benefit from favorable tax conditions, while Board of Investment (BOI) programs allow eligible projects to obtain 100% foreign ownership, corporate tax holidays of 3 to 8 years, and in certain cases up to 13 years, land ownership rights, and expedited work permit processing.
The company structure and permitted level of foreign ownership depend on the nature of the activity and the investment mechanism selected. The Foreign Business Act restricts foreign ownership in most service and trading sectors, so BOI, Foreign Business License, the Treaty of Amity for U.S. investors, and special IEAT regimes can be used to enable full control. Work permit applications are also subject to local employee and capital requirements, which may be relaxed for BOI-approved companies. Land ownership depends on the project status and selected regime, while specific mechanisms are available for industrial and investment projects.
Packages & pricing
Thai company registration - Cost & Packages.
01 - PRIVATE LIMITED · THAILAND
Company
from$2,900USD · all-in
Register Company in Thailand - Ownership Structure, DBD incorporation, tax registrations and a registered business address for the first year are included.
✓Ownership route designed first - BOI, FBL, treaty or 49%✓DBD incorporation & shareholder structuring✓Corporate tax & VAT registrations✓Registered address in Bangkok - first year✓Work-permit ratio planning✓Free pre-incorporation consultation
Optional add-ons: BOI application - from $4,500 · FBL application - scoped per case · work permits & visas - from $1,200 · accounting - from $250/month · renewal - from $1,800/year.Optional add-ons: BOI application - from $4,500 · FBL application - scoped per case · work permits & visas - from $1,200 · accounting - from $250/month · renewal - from $1,800/year.
Start with Company →02 - PRIVATE LIMITED · THAILAND
Most popularCompany + Bank Account
from$4,900USD · all-in
A fully operational Thai company with a local bank account in baht and foreign currencies, opened based on a properly prepared application file.
✓Everything in Company✓Account with Bangkok Bank, Kasikorn or SCB✓Multi-currency - THB, USD✓Capital-import documentation for repatriation✓Compliance onboarding support✓Dedicated account manager
Start with Banking →Prices are indicative starting points and are confirmed before any work begins. DBD, stamp duty and licence fees are itemised separately in your quote.
What you can do
Key Industries for Foreign Business in Thailand.
Thailand offers broad opportunities for foreign investors - from manufacturing and digital services to tourism, trading, food processing, and healthcare.
01 · Manufacturing & EEClicensed
Automotive manufacturing, electronics, and next-generation industries with potential BOI support and 100% foreign ownership within approved investment categories.
02 · IT & Digitallicensed
Software development, data centres, and other digital activities included in the BOI list of priority activities.
03 · Trading & Distribution
Regional supply chains and distribution operations leveraging Thailand’s logistics advantages while complying with FBA restrictions.
04 · Tourism & Hospitalitylicensed
Hotels, wellness, and other tourism projects serving domestic and regional demand.
05 · Food Processing & Agri-processing
Production and processing of food products and agricultural raw materials for domestic and export markets, with potential BOI support.
06 · Healthcare & Wellnesslicensed
Healthcare, wellness, and related services in one of Asia’s leading medical tourism hubs.
Why Thailand
Regulatory and Economic Advantages of the Jurisdiction.
✓
BOI - The Foundation of the Incentive Regime
100% foreign ownership, tax holidays of up to 13 years, land rights, and expedited permits for approved projects.
✓
20% Corporate Tax
Eligible SMEs may benefit from tax relief, while the standard VAT rate is 7%.
✓
Well-Developed Infrastructure
Ports, highways, and industrial estates support manufacturing and regional supply chains.
✓
Established Manufacturing Base
Established supply chains, component suppliers, and skilled professionals with extensive industry experience.
✓
Eastern Economic Corridor (EEC)
Tax incentives and modern infrastructure for projects in priority industries.
✓
Favorable Operating Environment
A well-developed banking system, logistics network, and infrastructure support day-to-day business operations.
How it compares
Thailand Compared with Major ASEAN Markets.
Vietnam offers open ownership for manufacturing projects; Malaysia provides an easier entry; Indonesia offers scale and resources; the Philippines provides an English-speaking environment. Thailand offers one of the region’s most established manufacturing bases, access to which is regulated through specific institutional frameworks. Data current as of 2026.
| Country | Corporate Tax | Foreign Ownership | Key Advantage |
|---|---|---|---|
| Thailand | 20% | Up to 49% · 100% with BOI | Manufacturing base |
| Vietnam | 20% | 100% for permitted sectors | Open ownership |
| Malaysia | 24% · incentives | 100% in most sectors | Easier entry |
| Indonesia | 22% · incentives | 100% under Positive List | Scale and resources |
| Philippines | 25% · 5% PEZA | 100% in most sectors | English-speaking environment |
ThailandManufacturing base
Corporate Tax20%
Foreign OwnershipUp to 49% · 100% with BOI
VietnamOpen ownership
Corporate Tax20%
Foreign Ownership100% for permitted sectors
MalaysiaEasier entry
Corporate Tax24% · incentives
Foreign Ownership100% in most sectors
IndonesiaScale and resources
Corporate Tax22% · incentives
Foreign Ownership100% under Positive List
PhilippinesEnglish-speaking environment
Corporate Tax25% · 5% PEZA
Foreign Ownership100% in most sectors
Requirements
Company Formation in Thailand: Key Requirements.
01
Shareholders - Since February 2023, a minimum of two shareholders - individuals or legal entities - is required. The shareholding structure depends on FBA requirements or BOI conditions.
02
Director - One director - nationality does not matter. A Work Permit is required to work in Thailand, subject to the applicable requirements.
03
Registered Capital - The amount depends on the applicable regime: from THB 2 million per foreign Work Permit, from THB 3 million for activities under an FBL, or as specified under BOI conditions.
04
Registered Address - Company registration with the DBD requires an official business address in Thailand.
05
No Nominee Ownership - The use of nominee shareholders is prohibited and may result in criminal and administrative liability for violations of Thai law.
06
Accounting & Reporting - Monthly Withholding Tax and VAT filings, along with annual preparation and submission of audited financial statements.
How it works
Company Incorporation in Thailand: Legal Process & Timeline.
The process includes incorporation, tax registrations, opening a bank account and capital contribution, as well as BOI promotion, licences and Work Permits where required. The ownership structure and regulatory requirements are determined in advance.
01Same day
Initial Consultation
FBA analysis and selection of the appropriate structure: BOI, FBL, treaty or 49% foreign ownership.
023–7 days
KYC & Structuring
Document collection, ownership structure and capital requirements based on applicable regulations.
031–2 weeks
DBD Incorporation
Name reservation, MOA preparation and company registration with the Department of Business Development.
041 week
Tax & VAT
Corporate tax and VAT registration where the applicable thresholds are met.
051–3 weeks
Bank Account
Opening an account with a major bank, followed by capital contribution and supporting documentation.
066–16 weeks
BOI & Permits
Investment promotion applications and Work Permit processing where required.
Quick facts
Legal FormPrivate Limited
Shareholders2+ — structure depends on FBA requirements
Corporate Tax20%
VAT7%
Dividends for Non-Residents10%
Standard Timeline1–3 weeks
Accounting & RenewalFrom $1,800/year
An initial FBA analysis determines the subsequent process - ownership structure, capital requirements, permit procedures and the activities the company may legally conduct.
On the ground
On the ground in Thailand.
Prifinance - Thailand
Bangkok
Bangkok, Thailand
01
ASEAN specialists
Your setup is run with Bangkok counsel who file DBD, BOI and FBL work every week.
02
Lawful ownership only
BOI, FBL, treaty or a genuine 49% design - never nominees, stated in writing.
03
BOI files that pass
Promotion applications built to the criteria, with the substance to survive review.
04
Also in Tallinn, London, Dubai & more
A network of offices across Europe, the Gulf and the Americas - one team for your whole international structure.
We also have offices in
Tallinn
Estonia
Roseni 13
Hong Kong
Hong Kong
5/F, Yau Lee Centre, 45 Hoi Yuen Road, Kwun Tong
Vilnius
Lithuania
Gedimino pr. 2
London
United Kingdom
7 Bell Yard
Prague
Czech Republic
Vlkova 532/8, Žižkov
Berlin
Germany
Rankestraße 26
Madeira
Portugal
Rua da Alegria 31, 1F
Budapest
Hungary
Korányi Sándor u. 4
Istanbul
Türkiye
Perpa Ticaret Merkezi, A Blok
Dubai
UAE
33 Level, Al Saqr Business Tower
Toronto
Canada
1110 Finch Avenue West, suite 406
Singapore
Singapore
3 Church Street, #29-68 Samsung Hub
Foshan
China
A-Tower, Yuneng Digital Plaza, 46 Lishui Avenue South
Almaty
Kazakhstan
Republic Square 13
Bishkek
Kyrgyzstan
32 Razzakov Street
Taxation 2026
Business Taxation in Thailand: Rates & BOI Incentives.
Thailand’s tax system combines relief for qualifying SMEs, the existing VAT regime and withholding tax on dividends paid to non-residents. Projects approved for BOI promotion may benefit from corporate tax holidays and import duty exemptions, making the terms of the promotion an important part of the project’s overall tax structure.
Corporate Tax - 20%
For qualifying SMEs, the first portion of profit is exempt from tax, while subsequent tiers are taxed at a reduced rate.
BOI Tax Holidays
The standard period is 3-8 years and can reach 13 years for projects in the EEC, along with import duty exemptions.
VAT - 7%
The current rate remains in effect under temporary extensions and requires monthly reporting.
Dividends - 10%
A flat withholding tax applies to dividends paid to non-residents; tax treaty provisions depend on the specific structure.
Rates & Fees in 2026
Corporate Tax20%
First SME Tax Tier0% / 15%
BOI Tax Holidays3-13 years
VAT7%
Dividends to Non-Residents10%
Renewal & AccountingFrom $1,800/year
Owners’ tax obligations are also considered in their country of tax residence. BOI terms are contractual: approved incentives remain available under the agreed conditions, making the quality of the application directly relevant to the outcome.
Your team
The specialists who'll handle your case.
Eugeniu Bevziuc
International Business Consultant
Guides clients from the first consultation to a working setup - companies, accounts and substance in 60+ jurisdictions.
Alex Danila
Corporate Services Specialist
Handles incorporation paperwork, KYC and bank introductions so your Thai company launches without delays.
Follow Prifinance
Active across our channels.
Watch: opening a company in Thailand with Prifinance
The incumbent, entered lawfully - route, company, BOI and bank in one prepared project. Full support, start to finish.
Talk to a specialist →FAQ
Thailand Company Registration, Answered.
Can I complete company incorporation in Thailand without visiting in person?+
Yes - incorporation, tax procedures and much of the preparation for opening a bank account can be handled by power of attorney. Banks require the director to attend in person for the operating account, while Work Permit processing requires presence. The trip is therefore planned around banking and immigration procedures.
How much does Thailand company incorporation cost?+
Turnkey registration starts from $2,900; with banking support, from $4,900. A BOI application starts from $4,500. Renewal and accounting support starts from $1,800 per year.
Can foreigners really own only 49%?+
In most service and trading businesses, yes - this is the default under the Foreign Business Act (FBA). Lawful exceptions include 100% foreign ownership through BOI for approved activities, a Foreign Business License in applicable cases, the Treaty of Amity for U.S. investors, and special regimes within IEAT industrial estates. The appropriate structure depends on the business activity and company setup.
Why don’t you use nominee structures?+
Nominee structures are illegal in Thailand. The FBA provides for liability where shares are held on behalf of a foreigner, while inspections may examine shareholders’ sources of funds. Violations can result in fines, dissolution and criminal prosecution. We use only structures that comply with Thai law.
What taxes will the company pay?+
Corporate tax is 20%, with relief available for qualifying SMEs; VAT is 7%, and dividends paid to non-residents are subject to 10% withholding tax. BOI-promoted projects may receive corporate tax holidays ranging from 3 to 13 years.
How does BOI promotion work in practice?+
The application is based on a specific project, including investment, technology, employment and location. Approved projects may receive a BOI certificate providing 100% foreign ownership, tax holidays based on the category and zone, duty exemptions on equipment, land rights and Work Permit processing through a one-stop centre. Processing takes 6-16 weeks.
What are the Work Permit requirements?+
The standard ratio is 4 Thai employees and THB 2 million in registered capital per foreign Work Permit. BOI promotion substantially relaxes these requirements, with permits processed through a one-stop centre. The LTR visa also provides a separate option for senior executives and specialists.
Can a company own land in Thailand?+
Outside approved projects, foreign freehold land ownership is prohibited. BOI and IEAT provide specific land rights for promoted industrial projects; in other cases, 30-year leases with renewal options are used. Individuals may also own condominium units within the building’s 49% foreign ownership quota.
How does corporate banking work?+
Bangkok Bank, Kasikorn and SCB typically open corporate accounts within 1-3 weeks when the full documentation package is provided. For subsequent repatriation of capital and dividends, it is important to properly document the initial investment, including FET forms.
How long does it take for business registration in Thailand?+
Company registration through the DBD, tax procedures and VAT take 1-3 weeks. Banking takes another 1-3 weeks. Work Permits take 2-6 weeks under standard requirements or several days under BOI. BOI applications take 6-16 weeks. With the right structure, a company can become fully operational within one quarter.
Client notes
Google4.7★★★★★
Founders who wanted it done right.
Google4.7★★★★★
“As a software development crew at FewMoreTaps OÜ, we've had the pleasure of working with Prifinance on some key financial moves.First of all, navigating the world of corporate banking and finance can be a maze, but Prifinance made it feel like a walk in the park. They helped us set up a corporate bank account without the hassle of jumping on a plane or drowning in paperwork. Everything was done remotely, smoothly…”
Google
“I had their assistance in company registration and I would recommend them. They were answering all my clarification during the process and offering all their supportThank you Daniel and Irinia”
Google
“We found PRIFINANCE COMPANYvia the Internet and asked for help in organizing the opening of their company in Estonia. PRIFINANCE COMPANY specialists helped us a lot with this. Their professional, competent approach and knowledge of their business left us with only the best impressions.”
Google
“I'm thrilled with my experience with PriFinance! They helped me obtain a crypto license in Estonia without any hassle. The team was super understanding and always available to answer my questions and assist. It was great to see how they put effort into preparing the documents to ensure everything went smoothly. I'm delighted with the outcome and highly recommend PriFinance to anyone looking to get a license…”
Google
“Opening an account with Prifinance in a Swiss bank was such an easy and quick process that I was shocked. It all started with the first call, where I received detailed guidance on the required documents and the entire procedure.One of the key highlights was their attention to detail. As someone who usually gets tangled up in paperwork, I was pleasantly surprised when they sent me all the documents and…”
Google
“I recently had the pleasure of working with Boris.. and I must say, it was a fantastic experience. Boris went above and beyond to assist me with my residency needs. His professionalism, knowledge, and dedication truly stood out. I highly recommend working with Boris and the team!”
Google
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Start your Thai company today.
Tell us about your business and a specialist will reply within one business day with an honest recommendation - BOI, FBL, 49% design or a different flag - a timeline and a fixed quote.A Thailand specialist will reply within one business day with an honest recommendation, a timeline and a fixed quote.
✓No obligation - the first consultation is free✓FBA route analysis before any filing✓Transparent fixed fees, confirmed up front✓EN · RU speaking team