Company Incorporation

100% Foreign-Owned Export Only Company

We help foreign investors set up a 100% foreign-owned export-only company in Thailand, including structuring, registration, and compliance guidance to ensure the company remains within the permitted “export-only” scope.

Who is it for / Suitable for

Foreign investors who want to own a Thai company 100% without needing Thai shareholders.

Businesses engaged exclusively in exporting goods outside Thailand.

Suitable for e-commerce exporters, manufacturers, wholesalers, trading companies, and sourcing offices.

For companies that do not sell products within Thailand (domestic sales are prohibited).

Key Requirements

Business activities must be 100% export-based (no domestic revenue).

Minimum registered capital: 2 million THB for a foreign-owned company.

Must register as a Limited Company under Thai law.

Need at least one director (any nationality).

Company must maintain a physical registered address in Thailand.

Activities must comply with the Foreign Business Act, but exporting-only companies are exempt from the Foreign Business License (FBL).

Clients need to provide the following information / documents

Document Name

Notarized

Passport copies of all foreign shareholders

Full page, valid passport

Proof of overseas address of shareholders

Utility bill or bank statement

Company name options (at least 3)

For name reservation

Shareholding structure

Including capital distribution

Company objectives

Must specify export-only business

Office lease agreement or address proof

For company registration

Articles of Association (signed)

Required for company formation

Declaration forms for directors

Standard DBD forms

Power of Attorney (if using an agent)

Director must sign

Yes

Average Processing Time

5–10 business days

For full company registration.

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What you would get when the application is complete

Company Affidavit

Company Registration Certificate

Tax ID Number (PND 01)

VAT Registration (Por Por 20) if required

Company Seal

On-going Compliance Requirements

To keep your company compliant after registration:

Monthly accounting + tax filings (PND1, PND3, PND53, VAT if applicable)

Annual financial statements and audit submission

Annual corporate income tax return (PND50)

Maintaining proper export documentation for customs verification

Notify DBD/Revenue Department of any company changes (address, shareholders, directors)

Government Agencies Involved

Government agencies involved / overseeing this application:

Department of Business Development (DBD)

Handles company registration, issuance of company affidavit, shareholder structure, and official incorporation documents.

Revenue Department (RD)

Oversees Tax ID issuance, VAT registration (if applicable), withholding tax compliance, and monthly/annual tax filings.

Customs Department (Thai Customs)

Regulates export activities, approves export registrations, and monitors compliance with customs declarations and export documentation.

Social Security Office (SSO)

Oversees employer registration and monthly social security contributions once the company hires employees.

Bank of Thailand (BOT) (indirect)

Oversees foreign exchange transactions and inbound capital remittances related to shareholding and paid-up capital.

Ministry of Commerce – Foreign Business Division (informational oversight)

While export-only companies are exempt from Foreign Business License (FBL), this division enforces foreign business regulations ensuring activities remain within allowed “export-only” scope.

Ministry of Labour

Oversees work permit & visa processes for BOI companies (Fast-Track system).

One Stop Service Center (OSSC) (for BOI visa/work permit)

Handles expedited visas and work permits for BOI-promoted companies.

Industrial Estate Authority of Thailand (IEAT) (if applicable)

For companies located inside industrial estates or free zones.

Thanks SiamBusinessLaw to helping us draft a strong agreement and help us see through the case until we have an absolute win case. Appreciate your patience and professionalism

Your law firm handles our case very well and professional. Your regular updates allow us a peace of mind an dmake us feel like we are cared for. Your professional advise gave us a peace of mind too.

Your Burmese team is legit. They gave us the attention and respect we have long missed. We appreciate your work to help us get started properly here in Thailand.

Thank you for assisting us with our case with the Thai Revenue Deparment. We are satisfied with the outcome and we think it is fair.

Your due diligence work for our M&A is done with utmost care and accuracy. It's rare to see such work done by a legal firm in Thailand.

Consult With Our Corporate Advisory Team

Our team is ready to guide you through the full process. Reach us on WeChat or WhatsApp.