2.1. Main Formation Requirements
The following outlines the main steps for establishing a company in Thailand:
- Reserve the company name, which must be unique
- Draft and file the memorandum of association, which must include
- The company name (reserved)
- The province where the company will be located
- The object of the business
- Details of the founding promoters
- The capital amount and number of shares
- Hold a statutory meeting for the approval of the articles of incorporation and bylaws, election of the Board of Directors, and appointment of an auditor
- Deposit the initial paid-in capital
- Submit an application including the articles of association for registration of the company within 3 months of holding the statutory meeting
The entire company registration process can be completed online via the Department of Business Development website in a single day if all documentation is in order.
Following company registration, the company must register with the Revenue Department for a tax ID number within 60 days of incorporation.