Company Formation
Thailand Co. Ltd.
A Thai Co. Ltd. is the entity for doing business in Thailand itself. Foreigners may hold up to 49% by default; 100% is possible with BOI promotion or, for US citizens, under the Amity Treaty. Corporate tax is 20%, less for SMEs that meet the conditions.
Last updated: 10/2026
Why a Thailand Co. Ltd.?
A Thai Co. Ltd. makes sense if you work in Thailand yourself, hire staff or serve clients there. By default, foreign ownership is limited to 49%; with BOI promotion or under the US Amity Treaty, 100% is possible. A Thai Co. Ltd. can, under certain conditions, sponsor a work permit (typically from 4 Thai employees). If you only need a company for international clients and do not work in Thailand, a company in Hong Kong or Singapore is often the simpler set-up.
We guide the incorporation, including the BOI application, the work permit application and ongoing compliance; the authorities decide on BOI promotion and the work permit.
A Thai Co. Ltd. is built for business in Thailand
Incorporation Process
The DBD, the Revenue Department, the labour authority and the bank set the timeline; we tell you the current state in the call.
Consultation & Structuring
We clarify the ownership model, BOI eligibility and the work permit for your case.
Name Reservation & Documents
Name reservation with DBD and preparation of all incorporation documents.
Registration & Licenses
Registration with the Department of Business Development (DBD) and application for required licenses.
Account Opening & Tax Number
Support with opening a Thai business account (the bank decides) and registration with the Revenue Department.
Work Permit
Application for the work permit. Please note: Only with a valid work permit / legal work status may you work in your own company in Thailand.
Frequently Asked Questions
Can I be 100% foreign owner?
What is BOI promotion?
Do I need a work permit?
What does incorporation with Strasia cost?
Next step: the first call
Free initial consultation: 60 minutes, no obligation.
Written offer before any engagement; government fees shown separately.
Pathfinder StartWhatsAppCorporate tax compared
Standard rates on the company’s profit
standard rate; SMEs: 0% up to THB 300,000, 15% up to THB 3M (conditions apply)
Profits tax, two-tier: 8.25% up to HKD 2 million profit
Corporate income tax, partial exemptions only for qualifying income
on the part above AED 375,000; 0% below it and on qualifying free-zone income
on audited net profit from Labuan trading activity, with substance on site
federal rate for corporations, plus state tax where due; an LLC is taxed differently
15% corporate tax plus solidarity surcharge and trade tax
19% up to EUR 200,000 profit
What you pay yourself depends on where you live and where the company is actually managed. As of 22 Oct 2026, sources: IRD · IRAS · FTA (VAE) · LHDN · IRS · Belastingdienst · impots.gouv.fr
Thailand vs HK vs SG vs Dubai vs USA vs UK: Company Formation
Compare the key jurisdictions for your company formation at a glance.
| Criterion | Thailand | Hong Kong | Singapore | Dubai | USA | UK |
|---|---|---|---|---|---|---|
| Corporate Tax | 20% | 8.25–16.5% | 17% (effective from ~4.25%) | 9% above AED 375,000 | 21% (corporation); LLC: at owner level | 19–25% |
| VAT | 7% | 0% | 9% | 5% | 0% | 20% |
| 100% Foreign Ownership | With BOI | Yes | Yes | Yes (FZ) | Yes | Yes |
Headline rates as of 2026, without guarantee. Hong Kong taxes only profits sourced in Hong Kong; offshore profits may be exempt, subject to IRD review. Your personal tax follows your residence.
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