Export/Manufacturing Companies

Set up your company without worrying about the process!

This category works best for companies seeking to sell goods produced in Thailand to foreign markets. While the registration process is similar to that of a limited company, this category allows businesses to be 100% foreign-owned.

Export/Manufacturing Companies summarized

These businesses can be 100% foreign-owned

Income generated by companies fully owned by foreigners must only come from export or manufacturing activities

innovation
A Foreign Business License is not required

A minimum registered capital of 2 million Baht per work permit issued

Registration takes up to 1 week; around 3 months if a factory license is required

Regular corporate income tax rates are levied

How does company registration work? Easy.

1. Company name registration
2. Set up a corporate address
3. Deciding the company’s registered capital
4. Preparing necessary documents
5. Sign all government forms with the corporate seal
6. Company registration completed
7. Registration with the Customers Department for import-export license
8. Application for VAT with the Revenue Department as well as a corporate bank account
9. Acquire a factory license
Registering a company should take up to a week if all requirements are in order

Notes on Thai Limited Companies

  • Shareholders:

    Registering an export/manufacturing company requires at least three shareholders who will act as promoters for the venture. They must be a natural person and will be in charge of signing the registration forms throughout the process. Once the company has been registered with the Department of Business Development, shares can be transferred to Thai or foreign individuals and juristic persons

    Unlike other limited companies, businesses running under this category can be fully owned by foreigners and are not regulated by the Foreign Business Act.

  • Directors

    Shareholders must appoint at least one person to act as a director of the company. This person can be a promoter during the registration process and will be the primary signatory for all legal documents pertaining to the company. Foreign directors are required to obtain a valid visa and work permit in order to legally work in the company.

  • Shareholder liability

    An export/manufacturing company shareholder’s liability is limited to their investment in the company. This, however, does not apply to directors during their tenure and within two years following their resignation.

  • Registered Capital

    The minimum required capital depends on how many foreigners will be involved in the company. Normally, the company must have a registered capital of 2 million Baht per foreigner working in the company to avail for a work permit.

  • Additional Licenses:

    On top of the company registration, an export/manufacturing company must also obtain other licenses relevant to their business, namely the import-export license and a factory license. The requirements for these licenses will depend on the nature of the business and the scale of operations.

  • Post-registration obligations

    Once the export/manufacturing company has been formed and is operational, the company must follow accounting procedures that comply with the Civil and Commercial Code, Revenue Code, and the Accounts Act. A balance sheet and a profit & loss statement are to be submitted after each accounting period as well as an external audit. Failure to comply will incur penalties and fines.

    Moreover, export/manufacturing companies must only derive their income from manufacturing or exporting activities.

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