Doing business in Thailand, what are essential things foreigners should know. - Krabi Land and House, sale and rent villas in Krabi

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How to start doing business in Thailand: 5 things foreigners should know.

By: Admin
November 23, 2025

Thailand is the gateway to Southeast Asia, thriving economically and socially, and a world-class tourism hub that draws visitors. This prosperity extends beyond Bangkok. Major cities like Chiang Mai, Phuket, and Krabi province are also present, leading many foreigners to see opportunities for doing business in Thailand.

However, starting a business in Thailand isn't easy. There are many things to consider, not just investment funds. Therefore, Krabi Land and House will share 5 things foreigners should know if they're considering doing business in Thailand.

How to start doing business in Thailand: 5 things foreigners should know.

What is a work visa in Thailand?

What is a work visa in Thailand? When you intend to come for doing business in Thailand or working, the first thing you must have is the Non-Immigrant B Visa (or Non-B Visa). This visa is issued to foreigners who wish to work or start a business in Thailand. It is arguably the most important and essential visa. You can apply for it at any Thai embassy or consulate abroad.

How to Apply for a Work Permit in Thailand?

How to Apply for a Work Permit in Thailand? In addition to the Non-Immigrant B Visa, a work permit is essential. Foreigners must apply for a work permit at the Department of Employment or Provincial Employment Office to legally invest or start a business in Thailand.

Work permits can be issued to foreigners if the company meets these criteria:

Legally register company in Thailand.
Minimum authorized capital of 2 million baht (per work permit).
Minimum authorized capital of 3 million baht (per work permit) for foreign-registered companies.
Employ at least 4 Thais (per work permit).

Which types of companies can foreigners register in Thailand?

To register company in Thailand, here are the types of companies foreigners can register:

Limited companies - Foreigners can own up to 49% of the shares, with the remaining shares held by Thai nationals only.
Branch offices - This type of company can conduct business, buying, selling, and providing other services.
Limited partnerships - This type are considered juristic persons and have obligations to pay taxes.

This is an important thing to know if you have a plan of doing business in Thailand.

What are the Prohibited Businesses for Foreigners in Thailand?

What are the Prohibited Businesses for Foreigners in Thailand? Not all businesses are permitted for foreigners. Here are three types of businesses that the Thai government strictly prohibits foreigners from doing.

Businesses prohibited for special reasons: newspapers, radio broadcasting, television business, farming, animal husbandry, etc.
Businesses concerning national security, culture, or the environment
Businesses in respect of which Thai nationals are not ready to compete with foreigners: rice milling, production of plywood, production of lime, etc.

How to register company in Thailand?

Once you have completed the preparation for doing business in Thailand, these steps are required for foreign company registration:

Prepare the following documents:
- The foreigner's passport and the Thai shareholder's national ID card, along with a copy
- A power of attorney (in the case that the applicant is unable to complete the registration process in person)
- A company application form
- A letter of consent from the landlord
- Investment Certificate
- Foreign Business License
Check the company's name is unique and does not violate good morals, then, book a name on the Department of Business Development website.
Meeting with shareholders to decide the company's objectives and authorized capital.
Submit the company registration application to the Department of Business Development.
Apply for a tax identification number from the Revenue Department after company registration is complete.

These are 5 things foreigners should know before doing business in Thailand. However, don't forget that the location is also important. The better and more suitable the location, the higher the opportunities that the business will succeed. Although Bangkok is an important strategic location, another city that is being watched and offers many business opportunities for foreigners is Krabi province for these reasons.

Krabi province has many world-renowned tourist attractions, with its beautiful sea and islands attracting a large number of tourists.
Krabi province is complete with comprehensive infrastructure and amenities, offering a wealth of conveniences to accommodate both tourists and local residents.
Krabi province receives support from various agencies for organizing events, consistently generating revenue.
Krabi province has the potential for continued growth in the future, as evidenced by the development of new shopping centers in the province.

Doing business in Thailand isn't easy, especially for foreigners. Krabi province is more than just a holiday destination. This city is a continuously growing area, offering great opportunities for forward-thinking investors.

If you're interested in investing in a business in Krabi and are looking for a prime location that meets your business needs, talk with us at Krabi Land and House!

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