How to vet a corporate services provider in Thailand in 2026: licences, references and red flags to check before signing

How to vet a corporate services provider in Thailand in 2026: licences, references and red flags to check before signing

To vet a corporate services provider in Thailand, run three checks before you sign. First, identify the legal entity and the licensed professionals behind each service. Second, speak to references who can confirm that filings were made on time. Third, read the contract for red flags such as guaranteed approvals or offers of nominee shareholders.

A provider that handles your company registration, accounting, payroll and visas also holds your tax logins, company documents and employee data. A weak choice often shows up later as Revenue Department surcharges or a stalled work permit. Settlr Global, the operating arm of WOWS Global, runs company registration, accounting and tax, payroll, visas and employer of record (EOR) services from one Bangkok team. This checklist covers the questions buyers should ask any provider.

Key takeaways

  • Ask which legal entity signs the contract. Then check its status, directors and filed financial statements with the Department of Business Development (DBD).
  • Foreigners generally need permission under the Foreign Business Act to provide accounting and legal services. A foreign-majority provider should be able to show the legal route that lets it deliver them.
  • A Thai licensed Certified Public Accountant (CPA) should audit the annual financial statements, and that auditor should be independent of the bookkeeping team[1].
  • References should confirm specific filings, such as PP.30, PND.1 and PND.50, rather than offer general praise.
  • Walk away from any provider that guarantees visa, work permit, BOI or licence approvals or offers nominee shareholders.

About the Author

This guide was prepared by Settlr Global's company and people operations team, led by Managing Director Gagan Ajmani, who brings 15+ years of regional experience across Southeast Asia.

What licences and registrations should a corporate services provider in Thailand hold?

Licensing is the first test. A corporate services provider in Thailand delivers several regulated activities at once, and each activity has its own regulator. A firm can be properly set up for one service and not for another.

ServiceWho regulates itWhat to ask for
Company registration in ThailandDBDWho prepares the MoA and who files it through the DBD's online system
Accounting services in ThailandDBD rules on bookkeeper qualifications; the Federation of Accounting Professions for CPAs and for bookkeeper membershipNames of the bookkeeper and the independent CPA auditor [2]
Tax filingRevenue DepartmentConfirmation that returns are filed through e-Filing under your company's own account
PayrollRevenue Department; Social Security OfficeWho files PND.1 and the social security contributions
Legal workLawyers Council of Thailand for licensed lawyers and court workThe licensed Thai lawyer who signs off legal work [3]
Visas and work permitsImmigration Bureau; Department of EmploymentWho prepares and submits the file

According to the Department of Business Development's 2025 report on the Foreign Business Act[4], accounting and legal services are among the List Three businesses that foreigners generally cannot operate without permission. A foreign-majority provider should therefore explain the legal basis for each service it offers. A Foreign Business License is one possible basis, and DBD's 2025 report lists accounting and legal licenses among services to affiliated and intra-group entities[4]. Check that the legal basis covers every service listed in your contract.

Ask for the relevant names and licence details in writing before you receive the engagement letter. Then verify them yourself.

How do you check the provider's own company and the people doing the work?

Licences only mean something once they are tied to the entity that signs your contract and the people who will actually handle your filings. Check the provider's documents first and its claims second.

  1. Step 1: Ask for the full legal name, registration number and country of incorporation of the contracting entity.
  2. Step 2: If the entity is Thai, search for it in the DBD's online company database. Check its status, directors and registered capital, and confirm that its annual financial statements have been filed.
  3. Step 3: Ask for the names of your account manager and of the bookkeeper, CPA and lawyer assigned to your file.
  4. Step 4: Get written confirmation that your e-Filing, Social Security Office and DBD credentials are registered to your company and shared with you.
  5. Step 5: Ask what records the provider returns if you leave, and in what format.

If a provider hesitates on Step 2 or Step 4, pause the signing. For comparison, Settlr Global's accounting and tax page sets out its own onboarding steps, which include a filing status check with the Revenue Department.

What should references from existing clients confirm?

Once the paperwork checks out, references show whether the provider meets deadlines in practice. Ask each reference questions that can be answered with yes, no or a date:

  • Were the monthly PP.30 VAT returns and the PND.1, PND.3 and PND.53 withholding tax returns filed before the deadline, without surcharges[5]?
  • Were the corporate income tax returns in Thailand (PND.51 for the half year and PND.50 for the full year) and the audited financial statements submitted on time[6]?
  • Did payroll outsourcing to the provider produce correct payslips and social security filings without later corrections?
  • Did the visa work start with a clear document list rather than a promised outcome?
  • When the client joined or left, were the opening balances and records handed over complete?

Ask for one reference at a similar stage to your business and one former client. A former client's account of the handover is often revealing. You can also check the filing dates that references mention against the Thailand Tax Calendar 2026.

Which red flags should stop you signing?

Document checks and reference calls tend to surface the same small set of warning signs. Each one points to a specific legal or operational risk.

Red flagWhy it mattersWhat to ask for instead
A guaranteed visa, DTV, work permit, BOI or Foreign Business License approvalGovernment authorities decide these applications, so no provider controls the outcomeA document checklist and an explanation of what could cause delay or refusal
Thai nominee shareholders offered as a way around foreign ownership limitsUnder the Foreign Business Act, holding shares on behalf of a foreigner is an offence for both the nominee and the foreignerA lawful route, such as BOI promotion, a Foreign Business License or the US Treaty of Amity, where you are eligible [7]
The provider keeps your e-Filing or DBD passwordsYou cannot check your own filings or change providerCredentials held under your company and shared with you
No named CPA or lawyerAudits require a licensed CPA and court work requires a licensed lawyerNamed professionals in the engagement letter [3]
Vague scopeYear-end work, audit support and amendments become disputesThe included volumes and the rate charged above them
No exit clauseYour records can be held up when you change providerA list of what is returned when you leave

If a provider will not fix a red flag in the contract itself, compare other providers. A clause-by-clause review through a legal advisory service can catch these issues before you sign.

How should you vet an employer of record in Thailand?

An employer of record in Thailand needs one extra layer of checks. The EOR becomes the legal employer of your staff, so any of the red flags above would affect your team directly. Before the first hire, confirm the following:

  • The EOR employs your staff through a Thai entity that it names in the contract.
  • Employees are registered with the Social Security Office, PND.1 is filed every month and the annual PND.1 Kor summary is filed each year[5].
  • Employment contracts follow the Labour Protection Act, and you review each contract before it is issued.
  • For foreign hires, the EOR sponsors the Non-B visa and the work permit.
  • The deposit, the notice period and the terms for moving staff to your own entity later are written into the contract.

Settlr Global, for example, offers EOR from one employee. Fees start from THB 8,999 per employee per month for a local hire and THB 10,999 for an expat hire, and the first hire typically takes about two days. Plan details are on the employer of record page.

Founders who are scouting Thailand on a Destination Thailand Visa should note that the DTV does not permit holding employment with a Thai employer, as it is designed for remote workers and digital nomads. The DTV guide sets out the current requirements. Before the first hire, ask the EOR for a sample contract and a redacted payslip.

Frequently asked questions

Is there a single licence for corporate services in Thailand?

No official single licence was found. Bookkeeping, audit and court work each have their own rules, while tax filing and immigration work are made to separate authorities[1]. A foreign-majority firm generally needs permission under the Foreign Business Act to provide accounting or legal services.

How can I check that a Thai provider is registered?

Search for the provider's registration number in the DBD's online company database. Confirm that the company is active and that its directors and filed financial statements match what the provider has told you[8].

Can a provider guarantee my work permit or DTV approval?

No. Thai authorities make the final decision on every application. A provider can prepare a complete file, and the Thailand Visa Matcher gives an indicative starting point. For hands-on support, see the visa and work permit services page.

What does the US Treaty of Amity change when I vet a provider?

Qualifying American businesses can hold full ownership of a Thai company and operate largely on the same basis as Thai nationals, except in the six activities the Treaty reserves, which include communications, transport and deposit banking[9]. Ask the provider to explain how it handles the Amity certification route.

Is using one provider for everything riskier?

A single provider holds every credential, so the checks in this guide matter more. In return, one team owns every deadline, which removes handoffs between separate firms. The business operations model shows how this works in practice.

About Settlr Global

Settlr Global is the operating arm of WOWS Global, a Singapore-incorporated corporate advisory and investment banking group, and an all-in-one platform for company setup, accounting and tax, payroll, visas and Employer of Record in Thailand. It provides company registration, accounting and tax, payroll, visas and work permits, and employer of record (EOR) services from one Bangkok team. To compare your current or shortlisted provider against these checks, speak with Settlr Global's Bangkok team.

References

  1. Accounting Act B.E. 2543 (in Thai) (dbd.go.th)
  2. DBD notice on bookkeeper status before e-Filing (in Thai) (dbd.go.th)
  3. Lawyers Act B.E. 2528, s.33, Office of the Council of State copy (in Thai) (parliament.go.th)
  4. dbd.go.th (dbd.go.th)
  5. Ministry of Finance notification No. 7 on online filing (in Thai) (rd.go.th)
  6. Revenue Department, Corporate Income Tax (rd.go.th)
  7. Foreign Business Act B.E. 2542, s.36 (DBD translation on boi.go.th) (boi.go.th)
  8. DBD DataWarehouse+, company and financial statement data (in Thai) (datawarehouse.dbd.go.th)
  9. DBD manual on Foreign Business licenses and certificates (in Thai) (dbd.go.th)

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