Country overview
Thailand
Large services economy with Bangkok as the main hub. Foreign-majority service companies generally need a Foreign Business Licence or BOI promotion.
Southeast Asia
How minimum wage works here
Daily rates set by the Wage Committee and varying by province. Bangkok has been 400 THB/day since 1 Jul 2025; most other provinces are lower (e.g. Mueang Chiang Mai district 380 THB/day, other Chiang Mai districts 357 THB/day).
Cities
Employer contributions
Social Security Fund (SSO)
Employer 5% / employee 5% of wages up to THB 17,500/month (max THB 875 each) from 1 Jan 2026
Wage ceiling rises in steps under the Social Security Office's ministerial regulation. Workmen's Compensation Fund premiums (risk-rated) are not modeled.
Source: KPMG Thailand – Tax News Flash Issue 157 (Jan 2026)Last checked Oct 2026
13th-month pay
No statutory 13th-month requirement identified; pending confirmation.
Internet
Ookla Speedtest Global Index
Country median (Aug 2026): fixed 298.92 Mbps down / 241.83 up; mobile 134.45 Mbps down / 24.68 up
Country-level median, not city-specific.
Public holidays 2026
Private employers must announce at least 13 paid traditional holidays a year, including National Labour Day (1 May). They choose from official, religious or local holidays. If a holiday falls on a weekly rest day, the next working day is given off.
Labour Protection Act s.29. The exact list varies by employer.
Power
Awaiting firsthand field notes and an official grid-reliability source.
Entity setup basics
Most service businesses are on List 3 of the Foreign Business Act, so a foreign-majority company needs a Foreign Business Licence from the Department of Business Development (minimum capital THB 3 million). The alternative is BOI promotion, which can allow foreign majority ownership for the promoted activity.
BOI shareholding criteria: https://www.boi.go.th/index.php?language=en&page=criteria_for_foreign_shareholding
Typical steps
- Company registration with the Department of Business Development
- Foreign Business Licence or BOI promotion (if foreign-majority)
- Revenue Department tax ID / VAT
- Social Security Office employer registration
- Work permits for foreign staff
Timeline and cost
Realistic timeline and cost to come from field notes.
EOR / payroll coverage
| Provider | EOR status | Link |
|---|---|---|
| Deel | Listed | Provider page |
| Remote | Listed | Provider page |
| Multiplier | Listed | Provider page |
Based on each provider's public country page. Confirm coverage, pricing and entity model directly before signing. No affiliate links.
Last checked Oct 2026