Companies and partnerships are the two main classifications for business organizations in Thailand. Additionally, there are options such as branch offices, representative offices, and regional operating headquarters. To determine the most suitable business structure to suit your business needs, the guidance of a Thai lawyer is essential. They possess the necessary knowledge, expertise, and experience in Thai laws and the practicalities of business operations. Moreover, they can provide valuable assistance in the process of business registration, which is the initial requirement for all businesses. They can efficiently handle the preparation of required documents and ensure proper filing with the relevant government agencies, making the process seamless.

For Foreigners Doing Business in Thailand should be aware of the distinct regulations that apply to foreign-owned businesses established or operating in Thailand under the Foreign Business Act. A foreign business is defined as a business with a foreign ownership exceeding 49%. If your intended business falls within the categories specified in the Act, you may face restrictions on operating the business altogether. Alternatively, you will need to obtain a Foreign Business License (FBL) before commencing operations. Additionally, you may be required to obtain industry-specific licenses from the Ministry of Commerce or apply for business promotion through the Board of Investment (BOI). If you are a US citizen, another option available to you is registering the company under the US-Thai Treaty of Amity, which allows foreigners to own more than 49% of the company’s shares.