Open a Sole Trader in Thailand - Short Guide

Investors who wish to run a business on their own can open a sole trader in Thailand. Find out what are the main characteristics of the business form from our team: https://thaicompanyformation.com/sole-proprietorship-in-thailand/.

1. Open a Sole Trader
in Thailand
A PRESENTATION BROUGHT TO YOU BY
THAICOMPANYFORMATION.COM

2. A sole trader, or sole proprietorship,
is a business owned by a single
individual.

3. An entrepreneur who chooses to do business via a sole trader will have unlimited liability.

4. Foreigners may open sole traders in
Thailand, however, there are special
conditions that can apply in their case.

5. Like with any foreign investment in
Thailand, one needs to consider the FDI
laws. Our company formation experts can
give you more details about the conditions.

6. REGISTRATION
The sole trader is subject to an easier set-up process, compared to other business forms
such as the branch in Thailand.

7. REQUIREMENTS
The sole entrepreneur will follow a few key steps, including opening a bank account in Thailand.

8. Although it is a simple business
form, with fewer registration
requirements, the sole trader
does need to observe the tax
requirements.

9. The personal income tax,
relevant for the taxation of the
sole trader, has rates between
5% and 35%.

10. Working with an accountant in
Thailand can also be
recommended for sole traders to
ensure full tax compliance.

11. Our team can help you set up a sole
trader, or provide details on other
business forms that offer a different
level of protection for investors.

12. Thank you for watching!
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