Licenses

Providing financial services through a Thai firm will necessitate a license from the Bank of Thailand. Commercial banks, financing businesses, credit finance companies, asset management firms, and e-payment channel services are among the financial services regulated by the Bank of Thailand.
Finance specialized Institutions that provide services to support government programs that encourage investment and economic growth in Thailand will need to obtain special approval from the Ministry of Finance.

Depending on the category of commodities, an import/export company will need specific business licenses to conduct import and export activities.
If the imported items are restricted, certain permissions from Thailand’s Food and Drug Administration may be necessary. This includes bringing into the Kingdom food, medicines, and cosmetics.
Importing electronic equipment such as cellphones would need a permission from Thailand’s National Broadcasting Department.

In most cases, the firm will need to apply for a customs paperless license from the Thai customs department in order to import/export products in its name. To streamline the application procedure and secure permits faster, select a local director to sign on these applications.

A recruitment license will be required for employment-related enterprises such as headhunting, staffing and search firms, and employment agencies. The Department of Employment issues this license.

Specific conditions must be met in terms of local directorship and shareholding, as well as office space. The license must be approved after an examination of the office premises. Following the approval of the license, the firm is required to report its recruitment efforts to the Department of Employment.

Before selling tour and travel packages to consumers, a new travel agency must receive a Tourism license from the Tourism Authority of Thailand. With this license, the firm can only participate in tourism-related operations.

Without this permission, organizing tours and packages, as well as booking lodgings and tickets, is completely forbidden. The license is divided into three categories: inbound, outbound, and domestic tourism.

To sign for the tourist license, the firm must have majority Thai ownership and a local director. The local director’s signature authority might be limited to things pertaining exclusively to the tourist license.

In Thailand, registering an education company needs license and permission from the Ministry of Education or the Department of Social Welfare, depending on the type of education.

There are several important elements to consider when starting a business, including the location of the firm and the legal form of the corporation. The first stage will be to incorporate the firm, and a Thai company structure is the easiest and quickest way to get started.