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Thai law and Thai accounting under one roof, explained in English by the people who will do the work

Foreign businesses and residents in Thailand rarely have a purely legal problem or a purely accounting problem. A work permit depends on payroll evidence, a property purchase depends on how funds were remitted, and a BOI privilege depends on a chart of accounts. These pages set out how each of those works, what it costs, and where our clients most often get caught.

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Where most enquiries start

Company registration

Registering a Thai company is easy

A Thai private limited company needs at least two shareholders, one director and a registered address. Incorporation itself takes three to seven working days once names are approved; VAT registration, social security enrolment and corporate banking add another two to four weeks. Foreign ownership above 49 per cent generally requires BOI promotion, a Foreign Business Licence or a treaty route.

Company registration in detail

BOI promotion

BOI promotion is the cleanest route to full foreign ownership — provided your activity, capital and reporting can carry the conditions attached to it

BOI promotion allows one hundred per cent foreign ownership of an eligible activity, with corporate income tax exemption of three to eight years for activity groups that qualify, machinery and raw material duty relief, and streamlined visas and work permits. Preparation typically takes four to eight weeks, the committee decision two to four months depending on project size, and privileges begin only after the promotion certificate is accepted and the conditions are met.

BOI promotion in detail

Visas and work permits

A work permit is not a document you obtain once

To employ a foreigner in Thailand the company generally needs paid-up registered capital of two million baht per foreign hire, plus four Thai staff for each of them, and the foreigner needs a Non-Immigrant B visa before the work permit is issued. Allow two to four weeks for the visa and one to three weeks for the permit. Board of Investment promoted companies are exempt from the ratio and use the investment centre channel described on our BOI page instead.

Visas and work permits in detail

Property and real estate

In Thailand the contract you sign matters less than the title deed behind it — and the title is something only the Land Office record can prove

Foreigners may own a condominium unit outright provided the building's foreign quota of forty-nine per cent of total floor area has room, but may not own land in their own name. Land is normally held through a registered thirty-year lease, a superficies or usufruct right, or a lawfully structured Thai company or BOI-promoted entity. Transfer costs total roughly six to seven per cent of the assessed value and are shared by negotiation.

Property and real estate in detail

Litigation and dispute resolution

Thai courts decide cases on documents

Thai civil cases begin with a complaint filed at the court with jurisdiction, and court fees are two per cent of the claimed amount capped by statute. A first-instance judgment typically takes eight to eighteen months, with mediation offered throughout. Limitation periods are strict — commonly two years for service claims and ten years for contractual debt — and expiry cannot be repaired by negotiation.

Litigation and dispute resolution in detail

Looking for something else?

Our full site is written in Thai and English across services, provinces and practical guides. Use the English search to find a service, a calculator or the office nearest to you.

contact@tla.co.thจ.–ส. 9–18น.15 นาที