Phuket Company Registration Information

Company Registration Fact Sheet

Key Facts:

• It normally takes between 1-3 weeks to set up a company.
  
• Foreigners and Thai citizens can be directors.
  
• Minimum no. of shareholders is 3 persons over 20 years of age.
  
• Minimum 51% Thai. Maximum 49% of foreign held shares (except if allowed by special foreign treaty, Alien Business Act of approval of Board of Investment).
  
• The Thai shareholders must show evidence of funds and how such funds have been obtained e.g.
  1. Certified Employer’s letter of monthly salary
  2. Bank book and last 6 months statements
  3. Sale of personal assets and agreement or money transfer
  4. Loan and copy of loan agreement and money transfer
  
• Post set up a shareholder can be a foreign company or your child.

Documentation and information required:

1. Thai partners:
a. 5 signed copies of house registration and ID card
b. Evidence of funds and how such funds have been obtained e.g.
i. Certified Employer’s letter
ii. Bank book and last 6 months statements
iii. Sale of personal assets and agreement or money transfer
iv. Loan and copy of loan agreement and money transfer
2 Foreigner shareholders:
a. 2 signed copies of passport
b. Full address
3. Directors:
a. 2 signed copies of house registration and ID card or
b. 2 signed copies of passport
4. Partnership address – office/place of work. Different Thailand branches
are possible.
5. Name of partnership – 3 alternative names can be submitted. All names must
either be in the format of:
a. XXX Co., Ltd or
b. XXX Phuket Co., Ltd
6. Evidence of partnership address: A signed approval letter from the house owner,
a signed copy of their ID card and signed copy of the landowner’s
house register.

Schematic Of Thai Company Structure

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