Business Administration in Thailand

Overview by Globlatrade.net:

Setting Up a Company

Legal Business Entities

Types of Companies and Capital (Max/Min) Number of Partners/Shareholders and Liability Registration Fees
Public Limited Company.
 
 
No minimum capital.
Minimum 15 partners, Minimum 100 shareholders
 
 
Liability is limited to the amount contributed.
Approval of the company's statutes by the Ministry of Commerce: THB 700; Stamp / seal of the company: THB 300-500; Registration of the company as a legal entity: minimum THB 5,200.
Private Limited Company.
 
 
No minimum capital.
7 partners, 1 has to have Thai citizenship. Maximum 100
 
 
Liability is limited to the amount contributed.
Approval of the company's statutes by the Ministry of Commerce: THB 700; Stamp / seal of the company: THB 300-500; Registration of the company as a legal entity: minimum THB 5,200.
Unregistered ordinary partnership.
 
 
No minimum capital.
Minimum 2 partners.
 
 
Partners' liability is joint and several.
Approval of the company's statutes by the Ministry of Commerce: THB 700; Stamp / seal of the company: THB 300-500; Registration of the company as a legal entity: minimum THB 5,200.
Registered ordinary partnership
 
 
No minimum capital.
2 or several partners.
 
 
Liability is limited to the amount contributed for at least one partner and unlimited for the others.
Approval of the company's statutes by the Ministry of Commerce: THB 700; Stamp / seal of the company: THB 300-500; Registration of the company as a legal entity: minimum THB 5,200.
Limited partnership
 
 
No minimum capital.
One or several partners.
 
 
Liability is limited to the amount contributed for at least one partner and unlimited for the others.
Approval of the company's statutes by the Ministry of Commerce: THB 700; Stamp / seal of the company: THB 300-500; Registration of the company as a legal entity: minimum THB 5,200.
 
The Competent Organization
Department of Business Development

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Working Conditions

Legal Weekly Duration
48 hours
Retirement Age
There is no legal age of retirement except for civil servants who can retire at 60.
Working Contracts
Employment contracts are regulated by Law. Individual negotiations and collective agreements complement it.

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Cost of Labor

Minimum Wage
between 140 baht (USD3.75) and 168 baht (USD4.94) by day
Average Wage
The average monthly gross earnings in Thailand is THB 7,730 (USD 226).
Social contributions
Social Security Contributions Paid By Employers: 2 %.
Social Security Contributions Paid By Employees: 2 %.

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Social Partners

Social Dialogue and Involvement of Social Partners
N/A.
Unions
THAI LABOUR Web site.
THAI LABOUR Campaigns.
THAI LABOUR Portal.
Unionization Rate
For information on influences and percentage of Thai in Unions please consult the  THAI LABOR Web site.
Labor Regulation Bodies
Department of employment

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Experts Views (1)
  • Thailand Country Profile

    Thailand with Bangkok as its capital city is located in the center of the Indochina peninsula in Southeast Asia. With its emerging economy, it can be considered as a newly

    GlobalTrade.net on 7 Jun 2012 related to Business Administration in Thailand

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