Thai Ministry of Commerce Discloses Statistics of New Business Registration

September 29, 2020

Abstract : A total of 5,538 companies were registered in August across Thailand, a drop of 435 or 7 percent year-on-year, with registered capital of Bt14.316 billion, down Bt2.856 billion or 27 percent compared with the same period last year.

InfoQuest (September 25, 2020) – A total of 5,538 companies were registered in August across Thailand, a drop of 435 or 7 percent year-on-year, with registered capital of Bt14.316 billion, down Bt2.856 billion or 27 percent compared with the same period last year, said Ms. Sorada Lersaapajit, Deputy Director-General of the Department of Business Development, Ministry of Commerce. Among the newly established companies, the top 3 were general building companies (totaling 548, accounting for 10 percent), real estate companies (totaling 284, accounting for 5 percent) and logistics and passenger transportation companies (totaling 162, accounting for 3 percent).

Meanwhile, 1,337 companies went out of businesses in August, a decrease of 418 or 24 percent, with Bt5.408 billion in total registered capital, a Bt2.3525 billion or 81 percent drop year-on-year. This was in line with the overall trend over the past 5 years.

The liquidations were led by general building companies (totaling 115, accounting for 9 percent), real estate companies (totaling 65, accounting for 5 percent) and restaurant businesses (totaling 38, accounting for 3 percent). As of August 31, 2020, Thailand had 770,278 companies with total company assets of Bt18.57 trillion.

According to Ms. Sorada Lersaapajit, a total of 58 foreign companies received licenses for businesses in Thailand in August, of which 21 obtained business permits and 37 obtained business certificates. The foreign investment totaled Bt9.089 billion in August, up 72 percent from July (Bt3.804 billion).

In August, the largest number of foreign investors in Thailand came from Japan, with 21 companies investing Bt7.159 billion, followed by the United States, with 5 companies investing Bt39 million and China, with 2 companies investing Bt125 million.

Source: InfoQuest, by Ponnareu / Kasamarporn / Rachada, translated by Xinhua Silk Road

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