What gets applications rejected?

Failing to maintain the annual conditions, leading to retrospective revocation and extra tax.

What gets applications rejected?

Serving entities that do not meet the associated-enterprise definition.

What gets applications rejected?

Lacking transfer-pricing documentation to support intercompany service fees.

International Business Centre (IBC)

Multinational groups establishing a Thai company to provide managerial, technical, support or treasury services to affiliated enterprises in Thailand and abroad.

Filing sequence at a glance

Incorporate a Thai limited company → apply to the Revenue Department for IBC tax privileges → optionally seek BOI promotion for non-tax privileges.

Conditions to meet

Paid-up capital of at least THB 10 million on the last day of each accounting period.
At least 10 knowledgeable and skilled employees based in Thailand, or 5 if operating solely as a treasury centre.
Operating expenditure paid to recipients in Thailand of at least THB 60 million per accounting period to access the reduced tax rates.
Services must be provided to associated enterprises as legally defined, with privileged income accounted for separately.

Documents to prepare

Thai company affidavit and financial statements evidencing paid-up capital.
Group structure and the list of associated enterprises in Thailand and abroad.
Intercompany service agreements and the transfer-pricing policy.
Employee register and evidence of employment in Thailand.

Step-by-step process

Incorporate the company and align the service scope with the IBC definition.
File the IBC approval application with the Revenue Department with supporting documents.
Maintain the capital, headcount and local expenditure conditions in every accounting period.
File annual tax returns with documentation supporting use of the privileges.

Common mistakes

Failing to maintain the annual conditions, leading to retrospective revocation and extra tax.
Serving entities that do not meet the associated-enterprise definition.
Lacking transfer-pricing documentation to support intercompany service fees.

Deciding authority

The Revenue Department, and the Board of Investment for non-tax privileges.

Talk to our team

Ask about scope of work, required documents and timing by phone, LINE or email. Approvals are at the authority's discretion — we do not guarantee outcomes and we do not set up nominee structures, but we review your file before submission to reduce the risk of rejection.

Sources

Information current as of August 2026 — reconfirm the latest conditions with the authority before filing.

Other structures

Thai Limited Company (Thai-majority)Foreign Business Licence (FBL)US Treaty of Amity Company BOI-Promoted Company Branch Office of a Foreign Company Representative Office

More: Company registration FAQ · Work permit routes · Thai visa types