How do I start a company in Thailand as a foreigner?

Starting a company in Thailand as a foreigner: **Most common: Thai Limited Company** - Minimum 2 shareholders (reduced from 3 by Civil and Commercial Code Amendment Act No. 23 B.E. 2566 (2023), effective 7 February 2023) - Minimum registered capital: THB 2 million (for work permit eligibility with 4:1 Thai-to-foreign employee ratio) - 51% Thai ownership required UNLESS you obtain a Foreign Business License or BOI promotion **Other structures:** - **BOI-promoted company:** 100% foreign ownership allowed in promoted activities, tax incentives - **Foreign Business License (FBL):** Allows majority foreign ownership but limited to certain business activities - **US Treaty of Amity:** American citizens can hold majority ownership in most business sectors - **Representative Office:** Limited to market research, sourcing, quality control - **Branch Office:** Requires FBL, limited activities **Process (Thai Ltd):** Reserve company name → memorandum of association → statutory meeting → register the company → register for tax → apply for work permit. **Timeline:** 2-4 weeks. **Cost:** THB 30,000-100,000 in professional fees.