Opening a corporate bank account in Thailand requires a resolution from the company's shareholders or board of directors.

The required documents to open a bank account differ from bank to bank.

Generally banks in Thailand require the minutes of meeting evidencing the resolution, company registration documents, tax registration documents  and the ID of the company director(s) and/or account signatories.

The minutes of the meeting should specific the type of accounts to be opened such as savings, checking and online.  

Only Thai citizens and foreigners with work permits can be added as signatories to the corporate bank account.

Most Thai companies choose to open corporate bank accounts at domestic Thai banks rather than international banks because the minimum deposit amounts and bank service fees are much lower.  

Our Open Bank Account service includes the following:

  • Contact bank selected to request information on types of accounts available.
  • Provide list of supporting documents specific to the selected bank.
  • Prepare notices for shareholders or board of directors meeting.
  • Prepare minutes of meeting to open bank account.