{"id":9177,"date":"2022-11-21T15:45:49","date_gmt":"2022-11-21T08:45:49","guid":{"rendered":"https:\/\/belaws.com\/thailand\/?p=9177"},"modified":"2025-09-18T12:37:54","modified_gmt":"2025-09-18T05:37:54","slug":"starting-a-business-in-thailand-2","status":"publish","type":"post","link":"https:\/\/belaws.com\/thailand\/fr\/starting-a-business-in-thailand-2\/","title":{"rendered":"Challenges to starting a business in Thailand and how to overcome them"},"content":{"rendered":"<section  class='av_textblock_section av-ks8kyyfa-e516bae24dd4ed4f78e7dedb0aea1067'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock breadcrumb'  itemprop=\"text\" >\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-18myty-919e5cb9f68131fb6240d9c12261edb4\">\n.av_font_icon.av-18myty-919e5cb9f68131fb6240d9c12261edb4 .av-icon-char{\nfont-size:11px;\nline-height:11px;\n}\n<\/style>\n<span  class='av_font_icon av-18myty-919e5cb9f68131fb6240d9c12261edb4 avia_animate_when_visible av-icon-style- avia-icon-pos-left av-no-color avia-icon-animate'><span class='av-icon-char' aria-hidden='true' data-av_icon='\ue874' data-av_iconfont='entypo-fontello' ><\/span><\/span>\n<div style=\"padding-left: 15px;\"><span class=\"\"><a href=\"https:\/\/belaws.com\/thailand\/\">Belaws Home<\/a> \u203a\u203a <a href=\"https:\/\/belaws.com\/thailand\/\">Thailand<\/a> \u203a\u203a <a href=\"https:\/\/belaws.com\/thailand\/blog\">Blog<\/a>\u00a0\u203a\u203a <\/span>Challenges to starting a business in Thailand and how to overcome them<\/div>\n<\/div><\/section>\n<\/div><\/div><\/div><!-- close content main div --><\/div><\/div><div id='av_section_1'  class='avia-section av-re718-f933e9e3a470259eecd4d4692aaacea2 main_color avia-section-no-padding avia-no-border-styling  avia-builder-el-2  el_after_av_textblock  el_before_av_section  avia-bg-style-scroll container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-9177'><div class='entry-content-wrapper clearfix'>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-ksd27few-1f8c384e085c379baccb5abbe326157c\">\n#top .hr.hr-invisible.av-ksd27few-1f8c384e085c379baccb5abbe326157c{\nheight:100px;\n}\n<\/style>\n<div  class='hr av-ksd27few-1f8c384e085c379baccb5abbe326157c hr-invisible  avia-builder-el-3  el_before_av_one_half  avia-builder-el-first  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n<div class='flex_column av-gmj0k-ac56bb06b98c278ca7684f46c4d7723e av_one_half  avia-builder-el-4  el_after_av_hr  el_before_av_one_half  first av-break-at-tablet flex_column_div '   ><p><section  class='av_textblock_section av-kscys0p5-d0fe1da2549b5d38fb08e5d3e4dbc794'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock sur-titre_bleu'  itemprop=\"text\" ><p>Legal<\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lra90-9ab3f8d48a81ed396ae07bbaafa596f6'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h1_bleu_post'  itemprop=\"text\" ><h1>Starting a business in Thailand<\/h1>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-b3jfo-03f63b84c9a76d84e1713c05a87923fd\">\n#top .hr.hr-invisible.av-b3jfo-03f63b84c9a76d84e1713c05a87923fd{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-b3jfo-03f63b84c9a76d84e1713c05a87923fd hr-invisible  avia-builder-el-7  el_after_av_textblock  el_before_av_textblock '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-kscyalj7-2ad25b68643e9517389c1de031001cff'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_18'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">21\/11\/2022<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-2mj4cc-546fb3795883e77cb448506a33b339b7'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_18'  itemprop=\"text\" ><p>Thailand is one of the most popular countries in Asia to start a business, but it can be confusing for foreigners. There are certain complications and restrictions that can be placed on foreign-owned businesses in Thailand.<\/p>\n<p>In this article, we will explore some of the most common challenges facing entrepreneurs when starting a business in Thailand as a foreigner.<\/p>\n<\/div><\/section><\/p><\/div><div class='flex_column av-bmm5w-737f28be9bb008277e27311ae0eaf479 av_one_half  avia-builder-el-10  el_after_av_one_half  avia-builder-el-last  av-break-at-tablet flex_column_div '   ><style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-kscy8en7-edadd536d7d9a47f81b9cced23090c53\">\n.avia-image-container.av-kscy8en7-edadd536d7d9a47f81b9cced23090c53 .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-kscy8en7-edadd536d7d9a47f81b9cced23090c53 av-styling- avia-align-center  avia-builder-el-11  avia-builder-el-no-sibling  radius_10 img'  itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" class='wp-image-9186 avia-img-lazy-loading-not-9186 avia_image' src=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/11\/Challenges-to-starting-a-business-in-Thailand-and-how-to-overcome-them.png\" alt='THAILAND NARCOTICS ACT' title='THAILAND NARCOTICS ACT'  height=\"800\" width=\"990\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/11\/Challenges-to-starting-a-business-in-Thailand-and-how-to-overcome-them.png 990w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/11\/Challenges-to-starting-a-business-in-Thailand-and-how-to-overcome-them-600x485.png 600w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/11\/Challenges-to-starting-a-business-in-Thailand-and-how-to-overcome-them-300x242.png 300w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/11\/Challenges-to-starting-a-business-in-Thailand-and-how-to-overcome-them-768x621.png 768w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/11\/Challenges-to-starting-a-business-in-Thailand-and-how-to-overcome-them-15x12.png 15w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/11\/Challenges-to-starting-a-business-in-Thailand-and-how-to-overcome-them-495x400.png 495w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/11\/Challenges-to-starting-a-business-in-Thailand-and-how-to-overcome-them-845x684.png 845w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/11\/Challenges-to-starting-a-business-in-Thailand-and-how-to-overcome-them-705x570.png 705w\" sizes=\"(max-width: 990px) 100vw, 990px\" \/><\/div><\/div><\/div><\/div>\n\n<\/div><\/div><\/div><!-- close content main div --><\/div><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-kscyoqk4-666a58ff317ddf61a5914fb400fd87f4\">\n.avia-section.av-kscyoqk4-666a58ff317ddf61a5914fb400fd87f4{\nbackground-color:#fafafa;\n}\n<\/style>\n<div id='av_section_2'  class='avia-section av-kscyoqk4-666a58ff317ddf61a5914fb400fd87f4 main_color avia-section-default avia-no-border-styling  avia-builder-el-12  el_after_av_section  el_before_av_section  avia-bg-style-scroll container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-9177'><div class='entry-content-wrapper clearfix'>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-ksd2ivxm-023071e5c33e5c283329416739e1beb3\">\n#top .hr.hr-invisible.av-ksd2ivxm-023071e5c33e5c283329416739e1beb3{\nheight:60px;\n}\n<\/style>\n<div  class='hr av-ksd2ivxm-023071e5c33e5c283329416739e1beb3 hr-invisible  avia-builder-el-13  el_before_av_two_third  avia-builder-el-first  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n<div class='flex_column av-fpevw-aab8acce1826d370629f645f34d6bd3b av_two_third  avia-builder-el-14  el_after_av_hr  el_before_av_one_third  first av-break-at-tablet flex_column_div '   ><p>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-la9e656w-445b6a848566e02212e4334dcff0c057\">\n#top .av_textblock_section.av-la9e656w-445b6a848566e02212e4334dcff0c057 .avia_textblock{\ncolor:#ffffff;\n}\n<\/style>\n<section  class='av_textblock_section av-la9e656w-445b6a848566e02212e4334dcff0c057'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock post_text_highlighting av_inherit_color'  itemprop=\"text\" ><p>Key points<\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">While certain activities are reserved for Thai nationals under the FBA, it is possible for foreign entities to legally undertake these activities by obtaining a Foreign Business License (\u201cFBL\u201d) from the Department of Business Development.<\/span><\/li>\n<li>A BOI promotion removes many of the barriers to doing business in Thailand, such as the restrictions of the Foreign Business Act.<\/li>\n<li>Foreigners who come to Thailand in order to work or run a business must apply for and obtain a valid work permit before doing business activities.<\/li>\n<li>In order for foreign shareholders to maintain control of the company, owning preference shares is a viable solution.<\/li>\n<\/ul>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-kscytnto-6f8bd4ca8aa4b5f4311495ee3b7802c6'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>Ownership restrictions<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-8ohy4-ba2bc652f51fc02aca7b4faa3ec86cd2'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">While Thailand actively looks to attract foreign businesses, there are certain business activities that are set aside for Thai nationals only. The Foreign Business Act (FBA) was introduced as a way to govern business activities involving foreign nationals and entities.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While certain activities are reserved for Thai nationals under the FBA, it is possible for foreign entities to legally undertake these activities by obtaining a Foreign Business License (\u201cFBL\u201d) from the Department of Business Development.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-laqj4ezf-f910e06ebd904897c88fc16e0939f27a'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Should a company wish to undertake a restricted activity without a Foreign Business Licence, a Thai limited company with a maximum of 49% foreign ownership will be required. The remaining 51% of the shares must be owned by Thai nationals.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Non-Thai nationals may choose to incorporate Thai companies because they provide benefits that foreign-owned companies do not give, such as no business type restrictions, the ability to buy and own land, and low setup costs.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, there are three ways foreign entrepreneurs can obtain 100% ownership of a company.<\/span><\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-893pgz-417cf0891102d15fa8bff673921feb47\">\n#top .hr.hr-invisible.av-893pgz-417cf0891102d15fa8bff673921feb47{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-893pgz-417cf0891102d15fa8bff673921feb47 hr-invisible  avia-builder-el-19  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-gfh9xy-e0bde1d55d8468f28ed18b9996433e48'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h3>Obtaining a foreign business licence<\/h3>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-dksn8m-8a3788d84dfb83d2abe7e575458a98c8'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">If a foreign entity wishes to engage in any of the activities listed in List 2 or List 3 of the Foreign Business Act in Thailand, they will need to obtain a \u201cForeign Business License\u201d.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In order to apply for a Foreign Business Licence, an application must be filed with the Business Department, and reviewed by the Cabinet or Foreign Business Committee.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-laqj575v-b09911b505c258fab6a65a95a3fe2bd1'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">When considering applications, various criteria will be considered. Examples include:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">the advantages and disadvantages to the nation\u2019s safety and security,<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">economic and social development,<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">size of the enterprise and<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">local employment opportunities, etc.<\/span><\/li>\n<\/ul>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-laqj5q1g-254cb2f63ce80d2f45717cc69555c01c'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Approval of a business license application is more likely when the authorities view the business as:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">providing significantly more benefits,<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">protecting and promoting Thai interests and<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">not being in direct competition with Thai-owned businesses<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">More information on the Foreign Business Act can be found <\/span><a href=\"https:\/\/belaws.com\/thailand\/foreign-business-act-in-thailand\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">here<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-bxixyu-13a47cec5e18968dc4f6c3e10a93cecf\">\n#top .hr.hr-invisible.av-bxixyu-13a47cec5e18968dc4f6c3e10a93cecf{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-bxixyu-13a47cec5e18968dc4f6c3e10a93cecf hr-invisible  avia-builder-el-24  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-2uxm2u-5026684a4ada939707226fca38a07231'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h3>BOI promotions<\/h3>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lahyf3ht-068db732d71cb564f73f65a8f0d62588'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">When considering opening a business in Thailand, entrepreneurs should always consider applying for a Board Of Investment (BOI) promotion. Thailand\u2019s BOI is a special government agency that focuses on promoting foreign investment within Thailand.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A BOI promotion removes many of the barriers to doing business in Thailand, such as the restrictions of the Foreign Business Act. While BOI companies are eligible for a variety of different incentives, 100% foreign ownership of the business and reduced requirements for hiring foreign staff are significant bonuses for companies.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">These incentives could be very beneficial for foreign companies looking to establish a presence in Thailand.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">More information relating to BOI company formation can be found <\/span><a href=\"https:\/\/belaws.com\/thailand\/understanding-boi-company-formation\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">here<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-4bsh7i-1853d6b6c18558b15dfd3e19aca78a67\">\n#top .hr.hr-invisible.av-4bsh7i-1853d6b6c18558b15dfd3e19aca78a67{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-4bsh7i-1853d6b6c18558b15dfd3e19aca78a67 hr-invisible  avia-builder-el-27  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-1z9cqm-2f0d17cea3505035fd0b4f2ea873d3eb'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h3>US Treaty of Amity<\/h3>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-la7zk8h2-d79a6ac2d45582dc50bec0ac28949fc3'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">The Treaty of Amity (the Treaty of Amity and Economic Relations between the Kingdom of Thailand and the United States of America), is a bilateral agreement between Thailand and the US.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The treaty was signed on May 29, 1966, and affords special rights and benefits to American citizens who are looking to establish their businesses in Thailand.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-laqj7a9u-09f6c78381da3d19a4f433b33ed38f86'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">The Treaty of Amity aims to provide significant advantages for US investors and companies to enter the Thai market. The US Treaty of Amity allows American companies to obtain 100% ownership of a company, branch office, or representative office in Thailand.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Even though the Amity Treaty provides foreign entrepreneurs with 100% ownership, there are still some business restrictions. Amity Treaty companies cannot own land, natural resources exploiting, domestic trade in agricultural products, transportation, and communication industry and engage in fiduciary functions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">More information about the Treaty of Amity can be found <\/span><a href=\"https:\/\/belaws.com\/thailand\/treaty-of-amity-in-thailand\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">here<\/span><\/a><span style=\"font-weight: 400;\">. <\/span><\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-7fhtqx-407fd5b7fd0abec066acc0f200d68919\">\n#top .hr.hr-invisible.av-7fhtqx-407fd5b7fd0abec066acc0f200d68919{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-7fhtqx-407fd5b7fd0abec066acc0f200d68919 hr-invisible  avia-builder-el-31  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-laqj7njj-69d8024ee11b1822a7d7029be3ccf113'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>Getting a work permit in Thailand<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-laqj7w6o-1e409cf647478796a3d707f1ee60563e'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Foreigners who come to Thailand in order to work or run a business must apply for and obtain a valid work permit before doing business activities. Failure to obtain a valid work permit is illegal.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Once the <a href=\"https:\/\/belaws.com\/thailand\/work-permit-for-foreign-employee\/\">work permit<\/a> is issued, the foreigner must only work at the company and location specified in the permit. Should the employee obtain a second job or move to a new company, a new work permit must be obtained.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-laqj8c90-70135db7167fdd20966d15ed6388061a'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">If you cancel your work permit, you will need to return it to the Labour Department within 10 days. Once you cancel your work permit, your visa will also be cancelled (if a Non-Immigrant B).\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Luckily Thailand offers several options for obtaining a Work Permit as a foreign worker. Examples include a <\/span><a href=\"https:\/\/belaws.com\/thailand\/peo-services\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">PEO Service<\/span><\/a><span style=\"font-weight: 400;\">, <a href=\"https:\/\/belaws.com\/thailand\/thailand-long-term-visa\/\" target=\"_blank\" rel=\"noopener\">the LTR visa<\/a>, and the SMART visa. For a more detailed explanation of some of these options, please click <\/span><a href=\"https:\/\/belaws.com\/thailand\/work-permit-for-foreign-employee\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">here<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-5ax1x5-4a6ac4ecd1feeabc928e470ba4754a8d\">\n#top .hr.hr-invisible.av-5ax1x5-4a6ac4ecd1feeabc928e470ba4754a8d{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-5ax1x5-4a6ac4ecd1feeabc928e470ba4754a8d hr-invisible  avia-builder-el-35  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-laqj8rva-6fabdedb1416612704ed50529d93acbd'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>Company with Thai partners<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-laqj94zk-775874a97830557c552b3598600dfc52'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Currently, a company in Thailand is required to have at least three shareholders. However, should the recent<\/span> <a href=\"https:\/\/belaws.com\/thailand\/amendments-to-the-civil-and-commercial-code\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">amendments to the Civil and Commercial Code<\/span><\/a><span style=\"font-weight: 400;\"> be approved, this requirement will be changed and only 2 shareholders will be required.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, as mentioned above, some business activities require Thai shareholders. This could be probelmatic as foreign investors may not have access to any Thai business partners that they know or trust. Therefore, it is important to identify the right local partners to support the development of your business in Thailand.\u00a0<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-laqj9dr3-43924493f6bf99c36f436f11be0b6eac'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">It is important to note that, the use of Thai nominee shareholders is illegal. In order for foreign shareholders to maintain control of the company, issuing preference shares with additional voting and dividend rights is a common solution.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Preference shares give its holder the right to attend any annual general meeting and have the same, less or more voting rights as an ordinary shareholder. Preference shareholders are also entitled to receive dividends before ordinary shareholders when the company gains profit.<\/span><\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-3w3a09-03612334ee636b1a6ec4ba6fb60db24c\">\n#top .hr.hr-invisible.av-3w3a09-03612334ee636b1a6ec4ba6fb60db24c{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-3w3a09-03612334ee636b1a6ec4ba6fb60db24c hr-invisible  avia-builder-el-39  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-blxnt-18dc398ce50def3ef84eeedda2fd98ea'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>How can Belaws help?<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-laqj9m4x-03945756691753d95df497bd6ebe2d2b'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">If you need more information about opening a business in Thailand, why not talk with one of our experts right now?<\/span><\/p>\n<\/div><\/section><br \/>\n<div  class='avia-button-wrap avia-button-left  avia-builder-el-42  el_after_av_textblock  el_before_av_textblock  bouton-cta' ><a href=\"https:\/\/wa.me\/+66636955945\" class=\"avia-button av-2rocsm-ad93c683973fd17f09fcd73d6f5e78e0 avia-icon_select-yes-right-icon avia-size-large avia-position-left avia-color-theme-color\" target=\"_blank\" rel=\"noopener noreferrer\"><span class='avia_iconbox_title' >Talk to an expert<\/span><span class='avia_button_icon avia_button_icon_right' aria-hidden='true' data-av_icon='\uf232' data-av_iconfont='entypo-fontello'><\/span><\/a><\/div><br \/>\n<section  class='av_textblock_section av-labyo5mf-d3b35b020ec8905d85724779a1073d61'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">If you would like to learn more about how our experts can help with your accounting and secretary needs, please click <\/span><a href=\"https:\/\/belaws.com\/thailand\/accounting-secretary\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">here<\/span><\/a><span style=\"font-weight: 400;\">. For more details about our incorporation services, please click<\/span><a href=\"https:\/\/belaws.com\/thailand\/incorporation\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\"> here.<\/span><\/a> Our visa services can be found <a href=\"https:\/\/belaws.com\/thailand\/legal-corporate-accounting\/visas\/\" target=\"_blank\" rel=\"noopener\">here.<\/a><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-kwblafeu-fa8abdc7a421e9b5fd2c4bc45ad5f636'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><em>Please note that this article is for information purposes only and <strong>does not constitute legal advice<\/strong>.<\/em><\/p>\n<\/div><\/section><br \/>\n<div  class='av-social-sharing-box av-l4rstf25-09aa8edfee9bfff0c66b62d8ea68b23c av-social-sharing-box-default  avia-builder-el-45  el_after_av_textblock  el_before_av_hr  av-social-sharing-box-fullwidth'><div class=\"av-share-box\"><h5 class='av-share-link-description av-no-toc '>Share this post<\/h5><ul class=\"av-share-box-list noLightbox\"><li class='av-share-link av-social-link-facebook' ><a target=\"_blank\" aria-label=\"Partager sur Facebook\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/belaws.com\/thailand\/fr\/starting-a-business-in-thailand-2\/&#038;t=Challenges%20to%20starting%20a%20business%20in%20Thailand%20and%20how%20to%20overcome%20them\" aria-hidden=\"false\" data-av_icon=\"\ue8f3\" data-av_iconfont=\"entypo-fontello\" title=\"\" data-avia-related-tooltip=\"Partager sur Facebook\" rel=\"noopener\"><span class='avia_hidden_link_text'>Partager sur Facebook<\/span><\/a><\/li><li class='av-share-link av-social-link-twitter' ><a target=\"_blank\" aria-label=\"Partager sur Twitter\" 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flex_column_div '   ><p>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-kslkbhig-edfbb769ec414c16ec07823d03873c46\">\n#top .hr.hr-invisible.av-kslkbhig-edfbb769ec414c16ec07823d03873c46{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-kslkbhig-edfbb769ec414c16ec07823d03873c46 hr-invisible  avia-builder-el-48  el_before_av_hr  avia-builder-el-first  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-ksln7w2o-0134baf1cb7e03e415e0a9e1a2577174\">\n#top .hr.hr-invisible.av-ksln7w2o-0134baf1cb7e03e415e0a9e1a2577174{\nheight:80px;\n}\n<\/style>\n<div  class='hr av-ksln7w2o-0134baf1cb7e03e415e0a9e1a2577174 hr-invisible  avia-builder-el-49  el_after_av_hr  el_before_av_image  av-desktop-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n\n<style 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\/><\/a><\/div><\/div><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-ksll297i-ac8feca4576cdd5bdd6e22d214756788\">\n#top .hr.hr-invisible.av-ksll297i-ac8feca4576cdd5bdd6e22d214756788{\nheight:25px;\n}\n<\/style>\n<div  class='hr av-ksll297i-ac8feca4576cdd5bdd6e22d214756788 hr-invisible  avia-builder-el-51  el_after_av_image  el_before_av_button '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<div  class='avia-button-wrap avia-button-center  avia-builder-el-52  el_after_av_hr  el_before_av_hr  bouton-cta' ><a href=\"https:\/\/belaws.com\/thailand\/immediate-consultation-calendly-link\/\" class=\"avia-button av-j4oxcr-982f2f654e6006a9abbe87f67b0e2adb avia-icon_select-yes-right-icon avia-size-large avia-position-center avia-color-theme-color\" target=\"_blank\" rel=\"noopener noreferrer\"><span class='avia_iconbox_title' >Book now<\/span><span class='avia_button_icon avia_button_icon_right' aria-hidden='true' data-av_icon='\ue871' data-av_iconfont='entypo-fontello'><\/span><\/a><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-1xgc7i-1f7cbfe8fdc424141cc6b6f218a09d50\">\n#top .hr.hr-invisible.av-1xgc7i-1f7cbfe8fdc424141cc6b6f218a09d50{\nheight:25px;\n}\n<\/style>\n<div  class='hr av-1xgc7i-1f7cbfe8fdc424141cc6b6f218a09d50 hr-invisible  avia-builder-el-53  el_after_av_button  el_before_av_textblock '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-p84k-4017eaf9b1649a60b0ff810854b78620'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_14'  itemprop=\"text\" ><p>Our consultations last for a period of up to 1 hour and are conducted by expert Lawyers who are fluent in English, French and Thai.<\/p>\n<p>Consultations can be hosted via WhatsApp or Video Conferencing software for your convenience. A consultation with one of our legal experts is undoubtedly the best way to get all the information you need and answer any questions you may have about your new business or project.<\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-kslm1kpi-e6d522183c5eda06f320ce62b63c40c6\">\n#top .hr.hr-invisible.av-kslm1kpi-e6d522183c5eda06f320ce62b63c40c6{\nheight:15px;\n}\n<\/style>\n<div  class='hr av-kslm1kpi-e6d522183c5eda06f320ce62b63c40c6 hr-invisible  avia-builder-el-55  el_after_av_textblock  el_before_av_codeblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<br \/>\n<br \/>\n<br \/>\n<br \/>\n<\/p><\/div>\n\n<\/div><\/div><\/div><!-- close content main div --><\/div><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-l8ctxpd9-095dc0c75aa2de5329ec8b624b867e69\">\n.avia-section.av-l8ctxpd9-095dc0c75aa2de5329ec8b624b867e69{\nbackground-color:#dfeef6;\n}\n<\/style>\n<div id='av_section_3'  class='avia-section av-l8ctxpd9-095dc0c75aa2de5329ec8b624b867e69 main_color avia-section-default avia-no-border-styling  avia-builder-el-61  el_after_av_section  el_before_av_one_full  avia-bg-style-scroll container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-9177'><div class='entry-content-wrapper clearfix'>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-fyhro1-0cf30a10ffa966a21c55aed6dcf53641\">\n#top .hr.hr-invisible.av-fyhro1-0cf30a10ffa966a21c55aed6dcf53641{\nheight:50px;\n}\n<\/style>\n<div  class='hr av-fyhro1-0cf30a10ffa966a21c55aed6dcf53641 hr-invisible  avia-builder-el-62  el_before_av_textblock  avia-builder-el-first  av-desktop-hide av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n<section  class='av_textblock_section av-e8bwe9-42a5aa99fe46b76eb6bea8fd40de44ad'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h3_bleu'  itemprop=\"text\" ><h3 style=\"text-align: left;\">Frequently asked questions<\/h3>\n<\/div><\/section>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-37pzrl-0e2130f093209067c90d3f6b04c2d251\">\n#top .hr.hr-invisible.av-37pzrl-0e2130f093209067c90d3f6b04c2d251{\nheight:50px;\n}\n<\/style>\n<div  class='hr av-37pzrl-0e2130f093209067c90d3f6b04c2d251 hr-invisible  avia-builder-el-64  el_after_av_textblock  el_before_av_toggle_container  av-desktop-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n<div  class='togglecontainer av-h8xt0p-7dda757181ab7fcfa452736d1f8d4a10  avia-builder-el-65  el_after_av_hr  avia-builder-el-last  av-accordion-style-2 toggle_close_all'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/FAQPage\" >\n<section class='av_toggle_section av-1maymx-03e29ac9b54288d61ebf242a25bdad67'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{Tout} \"  ><p data-fake-id='#toggle-id-1' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-1'>Can a foreigner open a company in Thailand?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-1' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>Yes it is possible for a foreigner to open a company in Thailand. There are also options available which allow 100% foreign owned companies as well.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-dyo1p5-476d40b7887d624d4aedd757aeaab3d4'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{Tout} \"  ><p data-fake-id='#toggle-id-2' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-2'>How much does it cost to set up a company in Thailand?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-2' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>The official fees for registering a company in Thailand are THB 7,500.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-curkqh-2726daac98ed1a1ee866cc444aa20778'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{Tout} \"  ><p data-fake-id='#toggle-id-3' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-3'>How do I start a limited company in Thailand?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-3' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><ol>\n<li>Step 1: Choose and register a company name.<\/li>\n<li>Step 2: Draft and file the Memorandum of Association.<\/li>\n<li>Step 3: Call and hold a Statutory Meeting of the shareholders<\/li>\n<li>Step 4: Register the Company with the Ministry of Commerce.<\/li>\n<li>Step 5: Register the company for Value-Added Tax (VAT) and Income Tax<\/li>\n<\/ol>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-addjyx-5c86b127499f9b6bb0315f1192316f7a'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{Tout} \"  ><p data-fake-id='#toggle-id-4' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-4'>Is it good to start a business in Thailand?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-4' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>Thailand is an attractive option for those wishing to start a business. Thailand has a great infrastructure in place and scheme such as the BOI provide great incentives for companies to take advantage of.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-8vl96h-7709d63bfa8590d7c5344e3e8d681a1f'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{Tout} \"  ><p data-fake-id='#toggle-id-5' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-5'>How much money do you need to start a business in Thailand?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-5' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>Typically, it costs between THB 40,000 to THB 60,000 (excluding VAT and Government fees) to start a business in Thailand.The official fees for registering a company in Thailand are THB 7,500.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-2h58p-89255a84e2b2e4e4dc8b76970ba0fbc5'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{Tout} \"  ><p data-fake-id='#toggle-id-6' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-6'>How can a foreigner start a small business in Thailand?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-6' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>Yes, foreigners can start a business in Thailand. However, certain business activities are restricted by the Foreign Business Act and in order for businesses to undertake them they must obtain a Foreign Business Licence\/Certificate which can be time consuming and complicated.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-lwy55-9962cb96cd21e18d34647478b5296ab1'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{Tout} \"  ><p data-fake-id='#toggle-id-7' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-7'>What is the biggest problem in Thailand?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-7' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>The biggest problem facing foreign owned companies is being able to undertake their desired business activity as a 100% foreign owned company. Many business activities are protected by the Foreign Business Act and in order for a company to operate in these protected industries, they will be required to be majority owned by Thai Shareholders (unless a BOI promotion has been obtained).<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-42jtx5-487a8ed0ffdbbc075458c71e98ed3d67'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{Tout} \"  ><p data-fake-id='#toggle-id-8' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-8'>Why is it hard to do business in Thailand?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-8' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>The Foreign Business Act limits to the business activities a 100% foreign owned company can undertake. This means Thai Shareholders will need to be sought or a BOI promotion obtained in order for a company to legally operate.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-2m4ee1-732e8bbf5ec7a502556d70165a713dbb'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{Tout} \"  ><p data-fake-id='#toggle-id-9' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-9'>Can I own a company in Thailand?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-9' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>Yes, foreigners can start a business in Thailand. However, certain business activities are restricted by the Foreign Business Act and in order for businesses to undertake them they must obtain a Foreign Business Licence\/Certificate which can be time consuming and complicated.<\/p>\n<\/div><\/div><\/div><\/section>\n<\/div>\n<\/div><\/div><\/div><!-- close content main div --><\/div><\/div><div id='after_section_3'  class='main_color av_default_container_wrap container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-9177'><div class='entry-content-wrapper clearfix'>\n<div class='flex_column av-qqtyiz-0d401a2ec3b1be9fe8b6b4ff052340e0 av_one_full  avia-builder-el-66  el_after_av_section  el_before_av_section  avia-builder-el-no-sibling  first flex_column_div '   ><section  class='av_textblock_section av-2jjczv-f8cba9213d57d135389f2377189c4f87'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>Related articles<\/h2>\n<\/div><\/section><br \/>\n<div id='av-masonry-1' class='av-masonry av-2fkee3-7e0678098b43c51e0e039ce0798a11bd noHover av-flex-size av-large-gap av-hover-overlay-active av-masonry-animation-active av-masonry-col-3 av-caption-always av-caption-style- av-masonry-entries '><div class=\"av-masonry-container isotope av-js-disabled\"><div class='av-masonry-entry isotope-item av-masonry-item-no-image '><\/div><a href=\"https:\/\/belaws.com\/thailand\/fr\/crypto-tax-in-thailand\/\" id=\"av-masonry-1-item-4989\" data-av-masonry-item=\"4989\" class=\"av-masonry-entry isotope-item post-4989 post type-post status-publish format-standard has-post-thumbnail hentry category-blockchain category-corporate category-cryptocurrency category-tax  av-masonry-item-with-image\" title=\"What are the taxes on Cryptocurrency in Thailand and do I need to pay tax?\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\"><div class='av-inner-masonry-sizer'><\/div><figure class='av-inner-masonry main_color'><div class=\"av-masonry-outerimage-container\"><div class='av-masonry-image-container'   ><img decoding=\"async\" width=\"705\" height=\"570\" class=\"wp-image-4991 avia-img-lazy-loading-not-4991\"  src=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/080-705x570.png\" title=\"What are the taxes on Cryptocurrency in Thailand and do I need to pay tax?\" alt=\"Crypto tax in Thailand What are the taxes on Cryptocurrency in Thailand and do I need to pay tax?\" srcset=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/080-705x570.png 705w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/080-600x485.png 600w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/080-300x242.png 300w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/080-768x621.png 768w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/080-495x400.png 495w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/080-845x684.png 845w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/080.png 990w\" sizes=\"(max-width: 705px) 100vw, 705px\" \/><\/div><\/div><figcaption class='av-inner-masonry-content site-background'><div class='av-inner-masonry-content-pos'><div class='av-inner-masonry-content-pos-content'><div class='avia-arrow'><\/div><h3 class='av-masonry-entry-title entry-title '  itemprop=\"headline\" >What are the taxes on Cryptocurrency in Thailand and do I need to pay tax?<\/h3><div class='av-masonry-entry-content entry-content'  itemprop=\"text\" >07\/10\/2021<br \/>\r\nThailand is currently experiencing a Blockchain boom, with exchanges and Fraction all being granted a Digital Assets Exchange License from Thailand\u2019s Ministry of Finance.<\/div><span class='av-masonry-date meta-color updated'>octobre 7, 2021<\/span><span class=\"av-masonry-text-sep text-sep-author\">\/<\/span><span class='av-masonry-author meta-color author'><span class='fn'>par bertrand_admin_belaws<\/span><\/span><\/div><\/div><\/figcaption><\/figure><\/a><!--end av-masonry entry--><a href=\"https:\/\/belaws.com\/thailand\/fr\/prix-enregistrement-societe-en-thailande\/\" id=\"av-masonry-1-item-5194\" data-av-masonry-item=\"5194\" class=\"av-masonry-entry isotope-item post-5194 post type-post status-publish format-standard has-post-thumbnail hentry category-incorporation category-corporate tag-francais tag-limited-company tag-registering-a-company-in-thailand  av-masonry-item-with-image\" title=\"What is the cost of registering a company in Thailand?\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\"><div class='av-inner-masonry-sizer'><\/div><figure class='av-inner-masonry main_color'><div 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990w\" sizes=\"(max-width: 705px) 100vw, 705px\" \/><\/div><\/div><figcaption class='av-inner-masonry-content site-background'><div class='av-inner-masonry-content-pos'><div class='av-inner-masonry-content-pos-content'><div class='avia-arrow'><\/div><h3 class='av-masonry-entry-title entry-title '  itemprop=\"headline\" >What is the cost of registering a company in Thailand in 2025?<\/h3><div class='av-masonry-entry-content entry-content'  itemprop=\"text\" >21\/10\/2021<br \/>\r\nAll you need to know about the cost of creating and registering a company in Thailand.<\/div><span class='av-masonry-date meta-color updated'>octobre 21, 2021<\/span><span class=\"av-masonry-text-sep text-sep-author\">\/<\/span><span class='av-masonry-author meta-color author'><span class='fn'>par bertrand_admin_belaws<\/span><\/span><\/div><\/div><\/figcaption><\/figure><\/a><!--end av-masonry entry--><a href=\"https:\/\/belaws.com\/thailand\/fr\/raising-funds-thailand-safe\/\" id=\"av-masonry-1-item-5217\" data-av-masonry-item=\"5217\" class=\"av-masonry-entry isotope-item post-5217 post type-post status-publish format-standard has-post-thumbnail hentry category-raising-funds category-corporate category-incorporation  av-masonry-item-with-image\" title=\"Raising funds in Thailand with a SAFE\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\"><div class='av-inner-masonry-sizer'><\/div><figure class='av-inner-masonry main_color'><div class=\"av-masonry-outerimage-container\"><div class='av-masonry-image-container'   ><img decoding=\"async\" width=\"705\" height=\"570\" class=\"wp-image-5222 avia-img-lazy-loading-not-5222\"  src=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/091-705x570.png\" title=\"Raising funds in Thailand with a SAFE\" alt=\"Raising funds in Thailand with a SAFE\" srcset=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/091-705x570.png 705w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/091-600x485.png 600w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/091-300x242.png 300w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/091-768x621.png 768w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/091-495x400.png 495w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/091-845x684.png 845w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/091.png 990w\" sizes=\"(max-width: 705px) 100vw, 705px\" \/><\/div><\/div><figcaption class='av-inner-masonry-content site-background'><div class='av-inner-masonry-content-pos'><div class='av-inner-masonry-content-pos-content'><div class='avia-arrow'><\/div><h3 class='av-masonry-entry-title entry-title '  itemprop=\"headline\" >Raising funds in Thailand with a SAFE<\/h3><div class='av-masonry-entry-content entry-content'  itemprop=\"text\" >21\/10\/2021<br \/>\r\nAs an entrepreneur seeking funding in Thailand, there are a variety of term sheet options available, including the SAFE (Simple Agreement for Future Equity).<\/div><span class='av-masonry-date meta-color updated'>octobre 21, 2021<\/span><span class=\"av-masonry-text-sep text-sep-author\">\/<\/span><span class='av-masonry-author meta-color author'><span class='fn'>par bertrand_admin_belaws<\/span><\/span><\/div><\/div><\/figcaption><\/figure><\/a><!--end av-masonry entry--><\/div><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-mw4lq3-4d1f7b909685b16735a77d3969f438e4\">\n#top .hr.hr-invisible.av-mw4lq3-4d1f7b909685b16735a77d3969f438e4{\nheight:160px;\n}\n<\/style>\n<div  class='hr av-mw4lq3-4d1f7b909685b16735a77d3969f438e4 hr-invisible  avia-builder-el-69  el_after_av_masonry_entries  el_before_av_hr  avia-builder-el-first '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-2t7ggu-2a4c1573616b55e3f23896ce5c09b120\">\n#top .hr.hr-invisible.av-2t7ggu-2a4c1573616b55e3f23896ce5c09b120{\nheight:160px;\n}\n<\/style>\n<div  class='hr av-2t7ggu-2a4c1573616b55e3f23896ce5c09b120 hr-invisible  avia-builder-el-70  el_after_av_hr  avia-builder-el-last '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><\/p><\/div>\n<\/div><\/div><\/div><!-- close content main div --><\/div><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-l94jsj-fece82020c76855b981a9880bf2eccd9\">\n.avia-section.av-l94jsj-fece82020c76855b981a9880bf2eccd9{\nbackground-color:#dfeef6;\n}\n<\/style>\n<div id='av_section_4'  class='avia-section av-l94jsj-fece82020c76855b981a9880bf2eccd9 main_color avia-section-default avia-no-border-styling  avia-builder-el-71  el_after_av_one_full  el_before_av_postcontent  avia-bg-style-scroll container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div 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30px 0 0;\n}\n<\/style>\n<div class='flex_column av-fzcf03-9aecdac0b3d5fbc1d2ed0ae2fdc3e47b av_one_half  avia-builder-el-74  el_after_av_hr  el_before_av_one_half  first av-break-at-tablet flex_column_table_cell av-equal-height-column av-align-top '   ><section  class='av_textblock_section av-1e8yb7-3b840758fc44347df09b0303516e7352'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='av-medium-hide av-small-hide av-mini-hide avia_textblock h3_bleu_clair2'  itemprop=\"text\" ><h3 style=\"text-align: right;\">Subscribe today<\/h3>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-c06ivn-1fe9621df953f6d43619da5ba7fe71a0'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='av-desktop-hide avia_textblock h3_bleu_clair2'  itemprop=\"text\" ><h3 style=\"text-align: center;\">Subscribe today<\/h3>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-b1k61v-6c0608b6b04acd6bbff0b238542718dd'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='av-medium-hide av-small-hide av-mini-hide avia_textblock text_18'  itemprop=\"text\" ><p style=\"text-align: right;\">To our newsletter for all the latest legal news<br \/>\nin South East Asia, Belaws updates and<br \/>\nspecial promotions on our services.<\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-8xxwib-9cee78aeff88cfdd1cd602538c7331f4'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='av-desktop-hide avia_textblock text_18'  itemprop=\"text\" ><p style=\"text-align: center;\">To our newsletter today for all the latest legal news in South East Asia,<br \/>\nBelaws updates and special promotions on our services.<\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-72r4w3-cd6429d6a9f7efdf47aee471fd237d12\">\n#top .hr.hr-invisible.av-72r4w3-cd6429d6a9f7efdf47aee471fd237d12{\nheight:20px;\n}\n<\/style>\n<div  class='hr av-72r4w3-cd6429d6a9f7efdf47aee471fd237d12 hr-invisible  avia-builder-el-79  el_after_av_textblock  avia-builder-el-last '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><\/p><\/div><div class='av-flex-placeholder'><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-59u137-ae176870723843573a1d682637e7e395\">\n.flex_column.av-59u137-ae176870723843573a1d682637e7e395{\npadding:0 0 0 20px;\n}\n<\/style>\n<div class='flex_column av-59u137-ae176870723843573a1d682637e7e395 av_one_half  avia-builder-el-80  el_after_av_one_half  avia-builder-el-last  av-break-at-tablet flex_column_table_cell av-equal-height-column av-align-top '   ><p>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-3vjz1v-642001eec7e427e096b2c9d26ef55425\">\n#top .hr.hr-invisible.av-3vjz1v-642001eec7e427e096b2c9d26ef55425{\nheight:15px;\n}\n<\/style>\n<div  class='hr av-3vjz1v-642001eec7e427e096b2c9d26ef55425 hr-invisible  avia-builder-el-81  el_before_av_codeblock  avia-builder-el-first  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<\/p><\/div><\/div><!--close column table wrapper. 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column_boxshadow_width='10' background='bg_color' background_color='' background_gradient_direction='vertical' background_gradient_color1='#000000' background_gradient_color2='#ffffff' background_gradient_color3='' src='' attachment='' attachment_size='' background_position='top left' background_repeat='no-repeat' highlight_size='1.1' animation='' link='' linktarget='' link_hover='' title_attr='' alt_attr='' mobile_display='' id='' custom_class='' template_class='' aria_label='' element_template='' one_element_template='' av_uid='av-2l05h5' sc_version='1.0']\r\n\r\n[av_codeblock wrapper_element='' wrapper_element_attributes='' codeblock_type='' alb_description='' id='' custom_class='text_footer2' template_class='' av_uid='av-kto21ugo' sc_version='1.0']\r\n<img decoding=\"async\" src=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/09\/copyright.svg\" alt=\"Legal Services Thailand\" class=\"svg_copyright\" title=\"Legal Services Thailand\"><span style =\"color:white;font-size:12px\">Belaws 2017 - 2025. \r\n<br>Belaws provides information and software only. Belaws is not a \"lawyer referral service\" and does not provide legal service or participate in any legal representation.\r\n<br>Belaws is not a law firm or a substitute for an attorney or a law firm. 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