For the Retail Business in Thailand is prohibited for foreign company (100% foreign ownership), except you have Thai partner for at least 51% of shareholding, or the company has the total minimum capital in the amount of 100 MB (One Hundred Million Baht), or the minimum capital of each store in the amount of 20 MB (Twenty Million Baht). Then 100% foreign company is allowed to open the retail shop in Thailand without the Foreign Business License.
Requirements
What are the necessary requirements for Retail business?
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Required Licenses and Certificates
- Established company in Thailand with at least 51% of Thai shareholding
- Registration of VAT, TAX ID and Social Security