One-stop business incorporation in Thailand


Greenhouse empowers you to start doing business in Thailand with ease. Our network connects startups, SMEs, service providers, government agencies, accelerators, and more, helping everyone achieve their goals.

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Helping you set up the business that suits you best


LIMITED COMPANY

Best for: Medium to large enterprises planning for long-term investments in Thailand with either private or public shareholding

PARTNERSHIP

Best for: Smaller firms planning to do partnership business in Thailand

BRANCH OFFICE

Best for: Extension office of a parent company looking to conduct commercial activities without incorporating a separate legal entity in Thailand

REPRESENTATIVE OFFICE

Best for: Foreign companies looking to gain local presence in Thailand without conductiong commercial activities

REGIONAL OFFICE

Best for: Extension office of a parent company looking to coordinate the comapny's affiliates and subsidiaries in Thailand

JOINT VENTURE

Best for: Thailand national and foreign entrepreneurs who are planning to conduct business in Thailand together

BOARD OF INVESTMENT COMPANY

Best for: Foreign investors planning to establish a majority foreign-owned business in Thailand with more range of benefits

US-THAILAND AMITY TREATY COMPANY

Best for: US citizens seeking to work or run businesses in Thailand

Benefits of incorporating through Greenhouse


INITIAL CONSULTING

Our consultants help you understand and review the different incorporation options in your target markets according to your needs.

BUSINESS ACTIVITY SEARCH

Based on your business purpose, we will help you to comply with the conditions set for Thailand's Foreign Business Act.

PRE-NEGOTIATED PRICING

Our service agreement ensures that you always get the best pricing quotations for your business incorporation project.

COMPANY NAME RESERVATION

We will prepare your company name application and submit it to Thailand's Ministry of Commerce

TRANSPARENT PROJECT UPDATES

No more confusion — we’ll give you all the information you need about requirements or progress updates for every step of the process.

ESSENTIAL ADD-ON SERVICES

If necessary, we will support you with add-on services such as corporate secretarial or immigration service.

FAQ


Here are the answers to the most popular questions about incorporating in Thailand, asked by businesses just like you.

Registering a company in Thailand from the Ministry of Commerce takes around 7 days for a private company and up to 30 days for a public company.

There are rules which set out the ways in which foreigners can register and operate businesses in Thailand. In some cases, businesses can be registered in the names of non-Thai nationals, but in certain business areas, the company must be at least 51% Thai owned. If you want to set up a public company, at least half of your directors should be Thai.

A Foreign Business License (FBL) in Thailand can be awarded to a Foreign company that wishes to operate a business that is normally restricted to Foreign nationals under Thai Law. The minimum capital requirement for the formation of such a company in Thailand is 2 million THB.

Basically, foreigners are not allowed to own 100% shares of any business in Thailand, unless you are a US citizen that can register through the Treaty of Amity.

However, there are two other options available.  Firstly, you can obtain a Foreign Business License, get a promotion from the Board of Investment (BOI).

We do not advise our clients to use nominee shareholders, which is illegal and uncontrollable. Most law firms that advise nominee shareholders use their lower level staff to hold shares for you when those people do not understand that they are breaking the law. And they can never prove easily that they have the money to invest in your business.

Board of Investment (BOI) shall be in charge of licensing for company entitled to investment promotion.

Generally, companies that are given priority for Thai BOI licensing are those involved in:

  • Agriculture and Agricultural Products;
  • Mining, Ceramics and Basic Metals;
  • Light Industry;
  • Metal Products, Machinery and Transport Equipment;
  • Electronic Industry and Electric Appliances;
  • Chemicals, Paper, and Plastics;
  • Technology and Innovation Development

Non-industrial businesses such as public utilities are also promoted by the Thai BOI with investment incentives.

A Foreign company will usually set up a Representative Office in Thailand so that it can be responsible for certain non-expenditure activities of the Foreign company. A Representative Office cannot generate income for the Foreign company in Thailand. Some of the activities a representative office may engage in include:

  • To source for goods or services in Thailand for the head office.
  • To check and control the quality and quantity of goods purchased or hired to manufacture in Thailand by the head office.
  • To give advice concerning goods of the head office sold to agents or consumers.
  • The propagating of information concerning new goods or services of the head office.
  • To report on business trends in Thailand to the head office.

A Thai-incorporated company that meets the following requirements is eligible to apply for IBC status:

  • Maintains a minimum of THB 10 million in paid-up capital;
  • Employs at least 10 skilled employees (or at least five skilled employees for treasury services);
  • Incurs at least THB 60 million in annual expenses (payable to recipients in Thailand) relating to qualifying activities and income; and
  • Meets the above requirements for each fiscal year. Otherwise, the IBC is not eligible for benefits in the year in which the requirements are not met.

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