Company registration in Thailand

For the first consultation, a short description of your activity, the planned shareholders with their nationality and percentage, the directors, and the capital you have in mind. That is enough for us to recommend a structure. To file, we then need passport or Thai ID card copies of every shareholder and director, two or three proposed company names, the registered address with the landlord's documents, and, for Thai shareholders, evidence of where their capital comes from. A company shareholder sends its certificate of incorporation and shareholder list.

Almost. The consultation, document review, and DBD filing are done by video call and email, and the incorporation documents can be signed abroad under a notarized Power of Attorney. The exception is the corporate bank account: Thai banks require at least one director to sign in person at the branch, so plan one trip to Thailand for that step. We prepare the bank file in advance so the visit is short.

The company registration number is also the tax ID. Next come e-filing registration with the DBD, the Revenue Department, and the Social Security Office (SSO), and VAT registration within 30 days of exceeding THB 1.8 million in annual revenue. Hiring your first employee triggers SSO registration within 30 days and monthly payroll filings. Bookkeeping should start in the first month, because withholding tax returns and, once you are VAT-registered, the monthly PP.30 return are due from then on. Every year a Thai CPA audits the financial statements, which are filed with the PND.50 corporate income tax return. Plizz handles all of it, with Bookkeeping from THB 14,900/month.