Private limited company in Thailand.
A private limited company is an ideal structure for most foreign businesses and entrepreneurs. You can set it up either in partnership with a Thai national or opt for foreign ownership (up to 100%).
- Registered in as fast as 1 week
- Flexible paid up capital, objectives, control distribution and more
- Legal solutions for industries which limit allowed foreign ownership

What is a private limited company?
A limited company is a Thai equivalent of the Limited Liability Company (LLC) and is usually the preferred first step to setting up a new business in Thailand. All limited companies have directors, shareholders (both Thai and foreign in many cases), promoters, and limited liability. In this case, limited liability means that the shareholder in a Thai company can only ever lose only the capital they invested. Because the rights and obligations of all parties are set down in writing in the company’s Articles of Association, everyone has a clear understanding of their legal standing within a company, unlike some joint ventures where some duties and privileges can drift into a complex grey area. With a Thai limited company, all legal entitlements and responsibilities are clearly stated and available for reference when required.
Here’s what you need to start a limited company.
Two (or more) shareholders
One (or more) director
2M THB in capital per each foreign employee*
Registered corporate address in Thailand
Benefits of a limited company.
Limited liability
Full control
Flexible options
Foreign ownership
Corporate bank account
Work permit & visa
Two ways to set up a limited company as a foreigner.
Thai company.
- Majority Thai
- Foreign business license not required
- 2M+ THB in registered capital*
- Unrestricted in its activities (if lawful)
- 1:4 foreign to Thai employee ratio
A limited company that is majority-owned by a Thai national generally doesn’t encounter restrictions – it can be engaging in any business activity and doesn’t face capital requirements (unless it employs foreigners). Consequently, for many, it is beneficial to form a business partnership with a Thai national, in order to meet the legal definition of a “Thai company.”
1 week to register
Foreign company.
- Majority foreign (> 49% up to 100%)
- Foreign business license (FBL) required
- 3M+ THB in registered capital**
- Restricted in activities as per the FBA
- 1:4 foreign to Thai employee ratio***
If a limited company is majority-owned by a foreigner, it is considered a foreign company and must obtain an FBL before engaging in business activities (unless promoted by BOI or registered under Treaty Amity, see the exceptions below). Such a company now faces stricter government restrictions and its scope of business is limited to activities allowed by the FBA.
3–4 months to register & obtain FBL
*If the limited company employs foreign staff or directors, it needs to have 2M THB in registered capital per foreign employee and be also registered for VAT. A majority Thai-owned limited company with no foreign staff or directors has no capital requirements.
**Foreign companies face the same capital requirement for employing foreigners – 2M THB per foreigner.
***BOI-promoted companies can enjoy more relaxed foreign-to-Thai employee ratio.
100% foreign ownership options.
BOI – Board of Investment company
US Treaty of Amity company
Majority foreign-owned limited company with FBL
Export company
Manufacturing company
Hotel management company
Why businesses choose to register their company with Acclime.
Flexible solutions
With our customisable services, we are able to help you find tailored a legal solution built around your specific business objectives and needs.
Transparent pricing
Get a clear picture of your costs before you start with our upfront and affordable pricing. There are no hidden fees waiting for you around the corner.
Fast & clear communication
Talk to our responsive team without losing anything in translation. We speak fluent English and make sure you are always up to date with the process and you are getting all the answers you need.
Reliable and customer-oriented

Additional services.
To help you meet ongoing corporate compliance and accounting obligations after registering your Thai company, we also offer a wide range of supporting business, legal, immigration and accounting services.