Registering your business gives it legal status, builds credibility with customers and banks, and makes it easier to access loans or investment. This guide covers the structures, documents, steps, and tax duties you need to know — concisely.
Choose the right structure
- Sole proprietorship — easy to start, but the owner has unlimited liability
- Partnership — two or more people sharing profits and liabilities
- Limited company — a separate legal entity that limits shareholders' liability (most popular)
- Public limited company — suited to larger businesses raising capital from the public
Documents to prepare
- Copies of founders' and shareholders' ID
- Memorandum and Articles of Association
- Shareholder list and proof of registered office
- Completed registration forms
Main steps
- Reserve the company name with the Department of Business Development (DBD)
- File the registration and pay the fee
- Obtain a tax ID from the Revenue Department
- Register for VAT if annual revenue exceeds ฿1.8 million
Tax duties after registration
A limited company pays 20% corporate income tax on net profit, and must keep accounts, file annual financial statements, and remit withholding tax as required. Setting up accounting and tax correctly from the start reduces the risk of penalties.
📌 See more: business legal advisory
Business registration has legal details worth getting right from the outset. If you have questions or need guidance, talk to our team to structure your business correctly before you start.