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Legal Forms of Companies

Public Limited Company

Number of partners: Minimum 15 shareholders.
The board of directors must have a minimum of 5 members, at least half of whom must have a domicile in Thailand.
Capital (max/min): No minimum capital requirement.
Shareholders and liability: Liability is limited to the amount contributed.

Private Limited Company

Number of partners: Minimum 3 partners.
Capital (max/min): Minimum capital: THB 15 (share’s value must be at least THB 5)
Shareholders and liability: Liability is limited to the amount contributed.

Unregistered ordinary partnership

Number of partners: Minimum 2 partners.
Capital (max/min): No minimum capital required.
Shareholders and liability: Partners' liability is joint and several.

Registered ordinary partnership

Number of partners: Minimum 2 partners.
Capital (max/min): No minimum capital required.
Shareholders and liability: Partners' liability is joint and several.

Limited partnership

Number of partners: No minimum.
Capital (max/min): No minimum capital required.
Shareholders and liability: Liability is limited to the amount contributed for sleeping partners and unlimited for active partners.

Business Setup Procedures

Source: Doing Business - Latest available data.