What Does It Cost to Register and Run a Thai Company for the First Year?

1. One-time company setup costs

• Professional fee for preparing and supporting the company registration
• Government filing charges
• Translation, notarisation or legalisation of foreign documents where required
• Foreign-business, BOI or sector-specific work where relevant
• Tax, VAT, employer or other operating registrations where applicable

Corporly uses a defined scope and fixed professional fee for a standard registration. Foreign ownership, regulated activities or unusual structures are scoped separately, and government charges are identified separately from the professional fee.

2. Capital is not the same as a fee

Registered or paid-up capital belongs to the company's funding structure. It should not be added to the budget as if it were a professional or government charge, although the appropriate amount affects how much money the founders must fund.

3. First-year accounting and compliance

• Bookkeeping, accounting and applicable tax filings
• Preparation and audit of annual financial statements
• Annual shareholder meeting documents
• Shareholder-list filing and maintenance of company share records
• Corporate changes if directors, capital, address or other registered details change

These are ongoing company costs rather than part of the incorporation filing. A Thai private limited company must continue maintaining its records and completing its annual corporate and financial work after registration.

4. Costs created by the operating plan

• Visa and work-permit applications for foreign personnel
• Employer and Social Security registration
• Business licences or activity-specific permissions
• Registered-office, banking and document-certification requirements
• Ongoing company secretarial support

How to request a useful quotation

Ask for the quotation to separate professional fees, government charges, third-party costs, recurring work and exclusions. Also confirm whether it covers only registration or the steps needed for the company to begin operating.

The practical conclusion

Budget for the first year as a set of workstreams, not one registration price. The total depends on the ownership, activity, staffing, licences, transaction volume and level of ongoing support the company needs.

This article provides general information. Exact professional fees, government charges and third-party costs should be confirmed for the proposed scope.